{"id":12032,"date":"2023-03-19T19:15:00","date_gmt":"2023-03-19T13:45:00","guid":{"rendered":"https:\/\/leverageedu.com\/blog\/?p=12032"},"modified":"2025-11-21T21:22:26","modified_gmt":"2025-11-21T15:52:26","slug":"syndicate-bank-education-loan","status":"publish","type":"post","link":"https:\/\/leverageedu.com\/blog\/syndicate-bank-education-loan\/","title":{"rendered":"Syndicate Bank Education Loan 2025: Eligibility, &amp; Interest Rates"},"content":{"rendered":"\n<p>Going for higher education requires a significant financial commitment, but education loans make it accessible to students in India and abroad. Syndicate Bank education loan plays an effective role in coping with financial setbacks and provides support to acquire quality education.<\/p>\n\n\n\n<p>Syndicate Bank education loan schemes are now available under the Canara Bank portfolio. This guide provides detailed information about Syndicate Bank education loan, including eligibility, interest rates, application process, etc., to help students make the right decision.<\/p>\n\n\n\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-is-syndicate-bank-education-loan\"><span id=\"what-is-syndicate-bank-education-loan\">What Is Syndicate Bank Education Loan?<\/span><\/h2>\n\n\n\n<p>Syndicate Bank is considered to be one of the oldest and leading commercial banks in India. This bank offers highly effective education loans at affordable interest rates to students who wish to study abroad for <strong>quality education<\/strong>. The main objective of the Syndicate Bank education loan is to provide financial aid to Indian students who are willing to pursue higher education either in India or abroad.<\/p>\n\n\n\n<p>Here is information about Syndicate Bank education loan, which will make you aware of various aspects of this loan, including the step-by-step application process.<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-background\" style=\"background-color:#e7f5fe\"><tbody><tr><td><strong>Name of the Bank<\/strong><\/td><td><strong>Syndicate Bank<\/strong><\/td><\/tr><tr><td>Merged with&nbsp;<\/td><td>Canara Bank<\/td><\/tr><tr><td>Type of Bank<\/td><td>Nationalised Bank<\/td><\/tr><tr><td>Type of Loan<\/td><td>Education<\/td><\/tr><tr><td>Types of Education Loans<\/td><td>Synd Vidya Educational Loan<br>Synd Vidya Abroad Educational Loan&nbsp;<br>Synd Super Vidya<br>Synd Vidya Vocational Courses<br>Synd Vidya Skill Loan<\/td><\/tr><tr><td>Maximum Amount<\/td><td>INR 2 crores<\/td><\/tr><tr><td>Loan Disbursement&nbsp;<\/td><td>15 days<\/td><\/tr><tr><td>Repayment<\/td><td>Upto 15 years + Moratorium&nbsp;Period<\/td><\/tr><tr><td>Margin<\/td><td>In the case of Loans up to INR 4 lakh, No Margin is required.<br>In case of Loans above INR 4 lakh &#8211; 5% for study in India and 15% for study abroad<\/td><\/tr><tr><td>Official Website<\/td><td>https:\/\/canarabank.bank.in\/<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"has-text-align-center has-pale-ocean-gradient-background has-background\"><strong>Also Read: <a href=\"https:\/\/leverageedu.com\/blog\/types-of-education-loan\/\">Types of Education Loan for Indian Students<\/a><\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-essential-features-of-syndicate-bank-education-loan\"><span id=\"essential-features-of-syndicate-bank-education-loan\">Essential Features of Syndicate Bank Education Loan<\/span><\/h2>\n\n\n\n<p>Syndicate Bank Education Loan through Canara Bank offers flexible finance options with attractive features. The following are the key features of education loans offered by Syndicate Bank:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Syndicate Bank offers a loan amount of up to INR 10 lakh for students pursuing higher education in Indian colleges and up to INR 20 lakh for <strong><a href=\"https:\/\/leverageedu.com\/universities\/top\/universities\/\">universities abroad.<\/a><\/strong>&nbsp;<\/li>\n\n\n\n<li>No <strong><a href=\"https:\/\/leverageedu.com\/learn\/understanding-margin-money-in-education-loan\/\">margin money<\/a><\/strong> is required for loans up to INR 4 lakh, whereas a 5% margin is required for loans above INR 4 lakh for studies in Indian colleges and a 15% margin for loans above INR 4 lakh for studies abroad.<\/li>\n\n\n\n<li>No security is required for loans up to INR 4 lakh, while suitable collateral is required with a third-party guarantee for loans between INR 4 lakh to INR 7 lakh.<\/li>\n\n\n\n<li>The bank does not charge any processing fee for availing any of the Syndicate Bank Education Loans.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-expenses-covered-under-syndicate-bank-student-loan\"><span id=\"expenses-covered-under-syndicate-bank-student-loan\">Expenses Covered Under Syndicate Bank Student Loan<\/span><\/h2>\n\n\n\n<p>Syndicate Bank student loan covers a wide range of education-related expenses, allowing students to focus on their studies without any financial stress. Below is a list of the major expenses covered under the loan:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Tuition Fee<\/li>\n\n\n\n<li>Library or Laboratory Fee<\/li>\n\n\n\n<li>Hostel Fee<\/li>\n\n\n\n<li>Examination Fee<\/li>\n\n\n\n<li>Travel Expenses<\/li>\n\n\n\n<li>Cost of Books, Equipment, Instruments, or Uniforms<\/li>\n\n\n\n<li>Computer or Laptop Costs (if needed)<\/li>\n\n\n\n<li>Other Miscellaneous Expenses include study tours, project work, thesis, etc.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-types-of-syndicate-bank-education-loan\"><span id=\"types-of-syndicate-bank-education-loan\">Types of Syndicate Bank Education Loan<\/span><\/h2>\n\n\n\n<p>Inspired by the legacy of Syndicate Bank, Canara Bank continues to offer education loan schemes to meet diverse educational needs. Here are the types of Syndicate Bank education loans for students:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Synd Vidya Education Loan<\/strong> for students who are enrolling at universities and colleges both in India and abroad.<\/li>\n\n\n\n<li><strong>Synd Vidya Abroad Education Loan<\/strong> is limited to studying abroad.<\/li>\n\n\n\n<li><strong>Synd Super Vidya<\/strong> is for professional and technical courses in India or abroad.<\/li>\n\n\n\n<li><strong>Synd Vidya Vocational Courses<\/strong> is for students who wish to pursue vocational training and skill development courses.<\/li>\n\n\n\n<li><strong>Synd Vidya Skill Loan<\/strong> is for candidates who want to take up short-term skill development courses. <\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-interest-rate-for-syndicate-bank-education-loan\"><span id=\"interest-rate-for-syndicate-bank-education-loan\">Interest Rate for Syndicate Bank Education Loan<\/span><\/h2>\n\n\n\n<p>Syndicate Bank education loan interest rates vary depending on the loan scheme and amount, which comes under the Canara Bank. These rates are linked to the one-year marginal cost of funds-based lending rate (MCLR), which is around 8.5% as of 2025. Below is a summary of Syndicate Bank education loan interest rates:<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-fixed-layout\"><tbody><tr><th><strong>Loan Scheme<\/strong><\/th><th><strong>Loan Amount<\/strong><\/th><th><strong>Interest Rate<\/strong><\/th><\/tr><tr><td>Synd Vidya Education Loan<\/td><td>Up to INR 4 lakh<\/td><td>1-year MCLR + 1.60% (~10.10%)<\/td><\/tr><tr><td><\/td><td>INR 4 lakh \u2013 INR 7.5 lakh<\/td><td>1-year MCLR + 1.85% (~10.35%)<\/td><\/tr><tr><td><\/td><td>Above INR 7.5 lakh<\/td><td>1-year MCLR + 2.85% (~11.35%)<\/td><\/tr><tr><td>Synd Vidya Abroad Education Loan<\/td><td>INR 20 lakh \u2013 INR 2 crore<\/td><td>1-year MCLR + 2.10% (~10.60%)<\/td><\/tr><tr><td>Synd Super Vidya<\/td><td>INR 3 lakh \u2013 INR 20 lakh<\/td><td>1-year MCLR + 0.10% (~8.60%)<\/td><\/tr><tr><td>Synd Vidya Vocational Courses<\/td><td>Up to INR 2 lakh<\/td><td>Base Rate + 2.25% (~10.75%)<\/td><\/tr><tr><td>Synd Vidya Skill Loan<\/td><td>INR 5,000 \u2013 INR 1.5 lakh<\/td><td>1-year MCLR + 1.50% (~10.00%)<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><em>Note<\/em>: Interest rates are subject to change. Check Canara Bank\u2019s official website for the latest rates.<\/p>\n\n\n\n<p><strong>Special Concessions<\/strong>Eligibility<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Female Students<\/strong>: 0.50% interest rate concession.<\/li>\n\n\n\n<li><strong>Premier Institutions<\/strong>: Lower rates for students admitted to top-tier institutes (e.g., IITs, IIMs).<\/li>\n\n\n\n<li><strong>SC\/ST Students<\/strong>: Relaxed eligibility and margin requirements.<\/li>\n<\/ul>\n\n\n\n<h2 id=\"advantages-of-syndicate-bank-education-loan\" class=\"wp-block-heading\">Advantages of Syndicate Bank Education Loan<\/h2>\n\n\n\n<p>Choosing a Syndicate Bank Education Loan (via Canara Bank) offers several advantages. Here are the advantages of taking an education loan from Syndicate Bank:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Competitive Interest Rates<\/li>\n\n\n\n<li>No pre-closure charges<\/li>\n\n\n\n<li>Flexible Repayment<\/li>\n\n\n\n<li>Less paperwork<\/li>\n\n\n\n<li>Faster Disbursal<\/li>\n\n\n\n<li>No prepayment charges<\/li>\n\n\n\n<li>No processing fees<\/li>\n\n\n\n<li>Tax Benefits<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-eligibility-of-syndicate-bank-education-loans\"><span id=\"eligibility-of-syndicate-bank-education-loans\">Eligibility of Syndicate Bank Education Loans<\/span><\/h2>\n\n\n\n<p>The eligibility criteria for Syndicate Bank education loan slightly differ across different schemes. The key eligibility criteria for different schemes are as follows:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-synd-vidya-loan-scheme\"><span id=\"synd-vidya-loan-scheme\">Synd Vidya Loan Scheme<\/span><\/h3>\n\n\n\n<p>The candidate applying for the Synd Vidya Education Loan should be an Indian citizen or an NRI having an Indian passport who has secured admission to a recognized institution in India or abroad through an entrance test or merit-based selection. <\/p>\n\n\n\n<p>Moreover, the candidate should have passed 10+2 or equivalent from an accredited board of education with 50% marks.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-synd-super-vidya\"><span id=\"synd-super-vidya\">Synd Super Vidya<\/span><\/h3>\n\n\n\n<p>The Synd Super Vidya scheme is aimed at exceptionally meritorious students who have been accepted by a reputed institute to extend educational loans with special provisions. The courses accepted under this scheme are technical courses and postgraduate courses offered at premier institutes.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-synd-vidya-vocational-courses\"><span id=\"synd-vidya-vocational-courses\">Synd Vidya Vocational Courses<\/span><\/h3>\n\n\n\n<p>The candidate applying for this loan scheme must be a citizen of India who has passed the 10th exam and has secured admission to a government-recognized vocational training course program that is employment-oriented. <\/p>\n\n\n\n<p>It is for candidates interested in pursuing certificate or diploma courses at the state or central universities in India.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-synd-vidya-skill-loan\"><span id=\"synd-vidya-skill-loan\">Synd Vidya Skill Loan<\/span><\/h3>\n\n\n\n<p>For Synd Vidya Skill loan, the candidate must be an Indian citizen enrolled in courses offered by ITI or polytechnics or in a school recognized by the Indian government. Check out loans by the Government:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Education Loan by Delhi Government<\/strong><\/li>\n\n\n\n<li><strong>Education Loan Scheme by Narendra Modi<\/strong><\/li>\n\n\n\n<li><strong>Education Loan for Abroad Studies by Indian Government<\/strong><\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-synd-vidya-abroad-loan-scheme\"><span id=\"synd-vidya-abroad-loan-scheme\">Synd Vidya Abroad Loan Scheme<\/span><\/h3>\n\n\n\n<p>Syndicate Bank offers education <strong>loans to study abroad<\/strong> for students who wish to apply to foreign universities. The candidate applying for Synd Vidya Abroad Education Loan must be a citizen of India or an NRI with an Indian passport who has secured admission for studies abroad through an entrance examination or merit-based selection. <\/p>\n\n\n\n<p>Also, the candidate is required to have cleared 10+2 or equivalent from a recognized board of education with 50% marks.<\/p>\n\n\n\n<p class=\"has-text-align-center has-pale-ocean-gradient-background has-background\"><strong>Must Read: Expenses Covered Under Education Loan<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-courses-covered-under-the-syndicate-bank-student-loan\"><span id=\"courses-covered-under-the-syndicate-bank-student-loan\">Courses Covered Under the Syndicate Bank Student Loan<\/span><\/h2>\n\n\n\n<p>There is a range of courses covered under the Syndicate Bank education loan with Synd Vidya Loan Scheme for Post Graduation or Doctorate or PG Diploma programs, and Synd Vidya Abroad Loan Scheme for Graduation or Post Graduation programs.&nbsp;<\/p>\n\n\n\n<p>Various job-oriented professional or technical courses offered by reputed universities include the following:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Post-graduation: <strong>MCA,&nbsp;MBA,&nbsp;MS<\/strong>, etc.<\/li>\n\n\n\n<li>Courses conducted by the CPA in the USA, CIMA-London, etc.<\/li>\n\n\n\n<li>Degree\/Diploma courses like Pilot Training, Aeronautical, Shipping, etc., provided these are accredited by the Director-General of Civil Aviation or Shipping in India.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-how-to-apply-for-syndicate-bank-s-education-loan\"><span id=\"how-to-apply-for-syndicate-banks-education-loan\">How to Apply for Syndicate Bank\u2019s Education Loan?<\/span><\/h2>\n\n\n\n<p>Students or working professionals interested in acquiring an education loan from Syndicate Bank can either apply online or offline. The offline process for a loan application is quite simple. You can directly visit the nearest Syndicate Bank branch and ask for an education loan application form. Further, the bank representative will guide you with all the necessary information and documents regarding eligibility.<\/p>\n\n\n\n<p>If you wish to apply online, you can follow the online application process for the Syndicate Bank Education Loan. Here is a step-by-step process for the online application: <\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Visit the official website of Syndicate Bank and select the loan scheme, and then click on <strong>\u2018<\/strong>apply now\u2019.<\/li>\n\n\n\n<li>Fill in your details carefully and then upload the required documents.<\/li>\n\n\n\n<li>Submit the application form and take a printout of the application.<\/li>\n\n\n\n<li>You may also visit the bank branch for further formalities.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-syndicate-bank-education-loan-documents\"><span id=\"syndicate-bank-education-loan-documents\">Syndicate Bank Education Loan Documents<\/span><\/h2>\n\n\n\n<p>To be eligible for a Syndicate Bank education loan, the applicant needs to submit some required documents. The following documents are required while applying for the loan:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Two recent passport-size photographs of the applicant, co-applicant, and guarantor.<\/li>\n\n\n\n<li>Admission Letter including fee structure, mark sheets, and related documents.<\/li>\n\n\n\n<li>Copies of ID proof and residence proof, including Aadhar, PAN, etc.<\/li>\n\n\n\n<li>Marksheet of the recently qualified public exam (including school and college in India).<\/li>\n\n\n\n<li>Filled \u2018Form 16\u2019 along with recent salary slips.<\/li>\n\n\n\n<li>Schedule of course expenses.<\/li>\n\n\n\n<li>Details like the transfer certificate and fee receipts.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-syndicate-bank-education-loan-affidavit-format\"><span id=\"syndicate-bank-education-loan-affidavit-format\">Syndicate Bank Education Loan Affidavit Format<\/span><\/h3>\n\n\n\n<p>When applying for an education loan from Syndicate Bank, submitting an affidavit in a proper format is an important step in the documentation process. This affidavit serves as a legal declaration to verify specific details about the borrower or co-borrower, thereby ensuring transparency and compliance with the bank&#8217;s requirements. <\/p>\n\n\n\n<p>Below is the affidavit format that meets Syndicate Bank&#8217;s standards for education loan applications.<\/p>\n\n\n<div class=\"wp-block-image is-resized\">\n<figure class=\"aligncenter size-large\"><img  loading=\"lazy\"  decoding=\"async\"  width=\"791\"  height=\"1024\"  src=\"https:\/\/leverageedu.com\/blog\/wp-content\/uploads\/2019\/11\/EDUCATION-LOAN-AFFIDAVIT--62x80.jpg\"  alt=\"Syndicate Bank education loan affidavit\"  class=\"wp-image-523372 pk-lqip pk-lazyload\"  data-pk-sizes=\"auto\"  data-ls-sizes=\"auto, (max-width: 791px) 100vw, 791px\"  data-pk-src=\"https:\/\/blogassets.leverageedu.com\/blog\/wp-content\/uploads\/2019\/11\/EDUCATION-LOAN-AFFIDAVIT--791x1024.jpg\"  data-pk-srcset=\"https:\/\/leverageedu.com\/blog\/wp-content\/uploads\/2019\/11\/EDUCATION-LOAN-AFFIDAVIT--791x1024.jpg 791w, https:\/\/leverageedu.com\/blog\/wp-content\/uploads\/2019\/11\/EDUCATION-LOAN-AFFIDAVIT--232x300.jpg 232w, https:\/\/leverageedu.com\/blog\/wp-content\/uploads\/2019\/11\/EDUCATION-LOAN-AFFIDAVIT--768x994.jpg 768w, https:\/\/leverageedu.com\/blog\/wp-content\/uploads\/2019\/11\/EDUCATION-LOAN-AFFIDAVIT--380x492.jpg 380w, https:\/\/leverageedu.com\/blog\/wp-content\/uploads\/2019\/11\/EDUCATION-LOAN-AFFIDAVIT--800x1035.jpg 800w, https:\/\/leverageedu.com\/blog\/wp-content\/uploads\/2019\/11\/EDUCATION-LOAN-AFFIDAVIT--80x104.jpg 80w, https:\/\/leverageedu.com\/blog\/wp-content\/uploads\/2019\/11\/EDUCATION-LOAN-AFFIDAVIT--62x80.jpg 62w, https:\/\/leverageedu.com\/blog\/wp-content\/uploads\/2019\/11\/EDUCATION-LOAN-AFFIDAVIT--760x983.jpg 760w, https:\/\/leverageedu.com\/blog\/wp-content\/uploads\/2019\/11\/EDUCATION-LOAN-AFFIDAVIT--464x600.jpg 464w, https:\/\/leverageedu.com\/blog\/wp-content\/uploads\/2019\/11\/EDUCATION-LOAN-AFFIDAVIT-.jpg 1024w\" ><figcaption class=\"wp-element-caption\">Edrafter.in<\/figcaption><\/figure>\n<\/div>\n\n\n<p class=\"has-text-align-center has-pale-ocean-gradient-background has-background\"><strong>Also Read: Bank of India Abroad Education Loan<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-emi-payment-methods-with-syndicate-bank-loan\"><span id=\"emi-payment-methods-with-syndicate-bank-loan\">EMI Payment Methods with Syndicate Bank Loan<\/span><\/h2>\n\n\n\n<p>The repayment period for the Syndicate Bank education loan can be extended up to 15 years, including the loan moratorium period (course period + 1 year). During the moratorium period, no repayment is required, but interest accrues. After the moratorium, the EMI is calculated based on the loan amount and interest rate. <\/p>\n\n\n\n<p>Here are the ways you can make EMI Payments:&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Standing Instruction: <\/strong>This type of EMI is the best for you if you have an existing account at the company. The EMI account will be automatically debited from your account every month.&nbsp;<\/li>\n\n\n\n<li><strong>Electronic Clearing Service:<\/strong> This type of EMI is good for those who do not have a Syndicate Bank and would like their EMI to be debited automatically at the end of every monthly cycle.&nbsp;<\/li>\n\n\n\n<li><strong>Post-Dated Cheque: <\/strong>You can submit post-dated cheques from a non-Syndicate bank account at your nearest Syndicate Bank loan centre.&nbsp;<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-how-to-check-education-loan-status-in-syndicate-bank\"><span id=\"how-to-check-education-loan-status-in-syndicate-bank\">How to Check Education Loan Status in Syndicate Bank?<\/span><\/h3>\n\n\n\n<p>To check the status of an education loan in Syndicate Bank, applicants have to contact the bank directly and ask for the status or create an account on the Syndicate Web Portal.<\/p>\n\n\n\n<p>The Syndicate Bank Education Loan, now managed by Canara Bank, provides a reliable and affordable way to pursue higher education in India and abroad. With competitive interest rates, no processing fees, and flexible repayment options, it is a great option for students. Apply through the <a href=\"https:\/\/leverageedu.com\/learn\/vidyalakshmi-portal\/\"><strong>Vidya Lakshmi portal<\/strong><\/a> or visit any Canara Bank branch today to begin your journey towards academic success.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-faqs\"><span id=\"faqs\">FAQs<\/span><\/h2>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1619274669686\"><strong class=\"schema-faq-question\">What are the types of education loans in Syndicate Bank?<\/strong> <p class=\"schema-faq-answer\">The Syndicate Bank offers different types of loans, such as:<br\/>Synd Vidya Educational Loan<br\/>Synd Vidya Abroad Educational Loan\u00a0<br\/>Synd Super Vidya<br\/>Synd Vidya Vocational Courses<br\/>Synd Vidya Skill Loan<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1619274550311\"><strong class=\"schema-faq-question\">What is the interest rate for education loan in Syndicate Bank?<\/strong> <p class=\"schema-faq-answer\">Syndicate Bank offers various types of education loans, and their interest rates are now in line with Canara Bank schemes. The interest rates range from 8.60% to 11.35% per annum, depending on the loan scheme and amount.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1619274755547\"><strong class=\"schema-faq-question\">What is the margin amount in education loans?<\/strong> <p class=\"schema-faq-answer\">A margin amount refers to the amount that the bank does not pay to the borrower. The borrower has to pay that amount through other sources. For instance, in the case of Synd Vidya Education Abroad, the margin is 10% which means that the bank will pay 90% of the expense. <\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1619274954053\"><strong class=\"schema-faq-question\">How can I apply for the Syndicate Bank loan?<\/strong> <p class=\"schema-faq-answer\">Candidates can apply for the Syndicate Bank education loan online or offline. For this, visit the Canara Bank website or Vidya Lakshmi portal, choose the loan scheme, fill in personal and educational details, upload documents, and submit. Alternatively, visit any Canara Bank branch to apply offline with the required documents.<\/p> <\/div> <\/div>\n\n\n\n<p><strong>Related Reads<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong><a href=\"https:\/\/leverageedu.com\/discover\/indian-education-loans\/what-is-education-loan-in-india\/\">What is an Education Loan in India: Meaning, Benefits<\/a><\/strong><\/td><td><strong><a href=\"https:\/\/leverageedu.com\/learn\/education-loan-process-steps-eligibility-criteria-repayment-finance\/\">Education Loan Process: Steps, Eligibility Criteria<\/a><\/strong><\/td><\/tr><tr><td><strong><a href=\"https:\/\/leverageedu.com\/learn\/documents-required-for-education-loan-in-sbi\/\">Documents Required for Education Loan in SBI<\/a><\/strong><\/td><td><strong><a href=\"https:\/\/leverageedu.com\/learn\/list-of-banks-giving-education-loan-without-collateral-in-india\/\">List of Banks Giving Education Loan Without Collateral<\/a><\/strong><\/td><\/tr><tr><td><a href=\"https:\/\/leverageedu.com\/learn\/vidyalakshmi-education-loan-features-eligibility-how-to-apply-finance\/\"><strong>Vidyalakshmi Education Loan<\/strong><\/a><\/td><td><a href=\"https:\/\/leverageedu.com\/learn\/education-loan-interest-rate-costs-and-calculations\/\"><strong>Education Loan Interest Rate<\/strong><\/a><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>For more information about study abroad, you can get in touch with <a href=\"https:\/\/leverageedu.com\/\"><strong>Leverage Edu<\/strong><\/a>. 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The interest rates range from 8.60% to 11.35% per annum, depending on the loan scheme and amount.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/leverageedu.com\/blog\/syndicate-bank-education-loan\/#faq-question-1619274755547","position":3,"url":"https:\/\/leverageedu.com\/blog\/syndicate-bank-education-loan\/#faq-question-1619274755547","name":"What is the margin amount in education loans?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"A margin amount refers to the amount that the bank does not pay to the borrower. The borrower has to pay that amount through other sources. For instance, in the case of Synd Vidya Education Abroad, the margin is 10% which means that the bank will pay 90% of the expense. ","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/leverageedu.com\/blog\/syndicate-bank-education-loan\/#faq-question-1619274954053","position":4,"url":"https:\/\/leverageedu.com\/blog\/syndicate-bank-education-loan\/#faq-question-1619274954053","name":"How can I apply for the Syndicate Bank loan?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Candidates can apply for the Syndicate Bank education loan online or offline. For this, visit the Canara Bank website or Vidya Lakshmi portal, choose the loan scheme, fill in personal and educational details, upload documents, and submit. 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