{"id":73536,"date":"2025-04-23T12:56:09","date_gmt":"2025-04-23T07:26:09","guid":{"rendered":"https:\/\/leverageedu.com\/learn\/?p=73536"},"modified":"2025-04-23T12:56:09","modified_gmt":"2025-04-23T07:26:09","slug":"canara-bank-education-loan-to-study-abroad","status":"publish","type":"post","link":"https:\/\/leverageedu.com\/learn\/canara-bank-education-loan-to-study-abroad\/","title":{"rendered":"Canara Bank Education Loan to Study Abroad"},"content":{"rendered":"\n<p>Pursuing higher education abroad opens doors to global opportunities, but the financial aspect can be daunting. Canara Bank education loan to study abroad offers a reliable solution, providing financial support to cover tuition, living expenses, and more.&nbsp;<\/p>\n\n\n\n<p>This guide explores the features of Canara Bank education loan to study abroad, with eligibility, application process, and benefits, helping you make informed decisions for your international academic journey.<\/p>\n\n\n\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-why-choose-canara-bank-education-loan-to-study-abroad\"><span id=\"why-choose-canara-bank-education-loan-to-study-abroad\">Why Choose Canara Bank Education Loan to Study Abroad?<\/span><\/h2>\n\n\n\n<p>Canara Bank, one of leading <a href=\"https:\/\/leverageedu.com\/learn\/nationalised-banks-in-india-finance\/\"><strong>nationalised banks in India<\/strong><\/a><strong>,<\/strong> has been empowering students since 1906. Canara Bank education loan to study abroad schemes for higher studies are designed to provide flexible financing with competitive interest rates and hassle-free disbursal.&nbsp;<\/p>\n\n\n\n<p>Whether you aim to pursue a master\u2019s degree in <strong>STEM courses<\/strong><strong> <\/strong>or other programs at <a href=\"https:\/\/leverageedu.com\/universities\/top\/universities\/\"><strong>top ranked universities &amp; colleges in the world<\/strong><\/a>, Canara Bank\u2019s tailored loan options ensure your academic dreams are within reach.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Trusted Legacy: <\/strong>Established in 1906, Canara Bank is the fourth-largest public sector bank by assets, ensuring reliability.<\/li>\n\n\n\n<li><strong>Comprehensive Coverage: <\/strong>Loans cover tuition, accommodation, travel, and other study-related expenses.<\/li>\n\n\n\n<li><strong>Flexible Repayment: <\/strong>Enjoy a moratorium period and up to 15 years for repayment, easing financial pressure.<\/li>\n\n\n\n<li><strong>Competitive Rates:<\/strong> <a href=\"https:\/\/leverageedu.com\/learn\/education-loan-interest-rate-costs-and-calculations\/\"><strong>Education loan interest rate<\/strong><\/a> starts at 9.35% annually, with concessions for specific categories.<\/li>\n<\/ul>\n\n\n\n<p class=\"has-pale-ocean-gradient-background has-background\"><strong>Also Read: <\/strong><strong>Canara Bank Scholarship Applications<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-list-of-canara-bank-education-loan-schemes-to-study-abroad\"><span id=\"list-of-canara-bank-education-loan-schemes-to-study-abroad\">List of Canara Bank Education Loan Schemes to Study Abroad<\/span><\/h2>\n\n\n\n<p>Canara Bank offers specialised education loan schemes to cater to diverse academic needs abroad. These schemes provide need-based financing, ensuring you have the funds to pursue your chosen course at recognised international institutions. <\/p>\n\n\n\n<p>Below are the primary schemes available for studying abroad.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-canara-bank-iba-model-education-loan-scheme\"><span id=\"canara-bank-iba-model-education-loan-scheme\">Canara Bank IBA Model Education Loan Scheme<\/span><\/h3>\n\n\n\n<p>The<strong> <\/strong><a href=\"https:\/\/fly.finance\/blog\/education-loan\/iba-model-education-loan-scheme\/\"><strong>IBA Model Education loan scheme<\/strong><\/a> supports students pursuing higher education at recognised institutions worldwide. This scheme is ideal for undergraduate, postgraduate, PhD, or diploma courses, offering up to INR 20 lakhs, with higher amounts for meritorious candidates.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Loan Amount: <\/strong>Up to INR 20 lakhs; higher amounts subject to repayment capacity.<\/li>\n\n\n\n<li><strong>Collateral: <\/strong>No collateral for loans up to INR 7.5 lakhs; 100% collateral for loans above INR 7.5 lakhs.<\/li>\n\n\n\n<li><strong>Margin: <\/strong>15% for loans above INR 4 lakhs for overseas studies.<\/li>\n\n\n\n<li><strong>Interest Rate:<\/strong> Starts at 11.15%, with a 0.5% concession for female students.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-canara-bank-education-loan-for-master-s-degree-abroad\"><span id=\"canara-bank-education-loan-for-masters-degree-abroad\">Canara Bank Education Loan for Master\u2019s Degree Abroad<\/span><\/h3>\n\n\n\n<p>This scheme targets students admitted to top-ranking global universities for master\u2019s degrees in STEM (Science, Technology, Engineering, and Management) fields. The Canara bank education loan for master\u2019s degree abroad offers high loan amounts with no upper cap, provided sufficient collateral is available.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Eligibility: <\/strong>Admission to select top universities for STEM master\u2019s programs.<\/li>\n\n\n\n<li><strong>Loan Amount: <\/strong>Minimum INR 7.5 lakhs, no maximum cap with 100% collateral.<\/li>\n\n\n\n<li><strong>Margin: <\/strong>10% of the loan amount, payable annually on a pro-rata basis.<\/li>\n\n\n\n<li><strong>Interest Rate:<\/strong> Linked to Repo-Linked Lending Rate (<a href=\"https:\/\/fly.finance\/blog\/full-form\/full-form-on-rllr\/\"><strong>RLLR<\/strong><\/a>), starting at 9.25%.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-canara-bank-vidya-shakti-scheme\"><span id=\"canara-bank-vidya-shakti-scheme\">Canara Bank Vidya Shakti Scheme<\/span><\/h3>\n\n\n\n<p>The Vidya Shakti Scheme supports students with disabilities (PwD) pursuing higher education abroad. It provides financial assistance for tuition, special devices, and other expenses, ensuring inclusivity.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Eligibility:<\/strong> Indian students with a physical disability of 40% or more.<\/li>\n\n\n\n<li><strong>Loan Amount:<\/strong> Up to INR 7.5 lakhs without collateral; higher with collateral at 9.25% pa.<\/li>\n\n\n\n<li><strong>Coverage: <\/strong>Includes tuition, travel, and costs for special devices.<\/li>\n\n\n\n<li><strong>Interest Rate: <\/strong>Competitive rates with potential subsidies under government schemes.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-eligibility-criteria-for-canara-bank-education-loan-to-study-abroad\"><span id=\"eligibility-criteria-for-canara-bank-education-loan-to-study-abroad\">Eligibility Criteria for Canara Bank Education Loan to Study Abroad<\/span><\/h2>\n\n\n\n<p>Meeting the eligibility criteria is crucial to secure a Canara Bank education loan to study abroad. The bank evaluates applicants based on nationality, academic background, and course details to ensure the loan aligns with your academic goals.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Nationality: <\/strong>Applicant must be an Indian citizen or an NRI with a valid Indian passport.<\/li>\n\n\n\n<li><strong>Admission: <\/strong>Secured admission to a recognised university abroad via entrance tests (e.g., SAT &gt;1250, GRE &gt;300, GMAT &gt;650) or merit-based selection.<\/li>\n\n\n\n<li><strong>Course:<\/strong> Eligible courses include undergraduate, postgraduate, PhD, or diploma programs at approved institutions.<\/li>\n\n\n\n<li><strong>Co-applicant: <\/strong>A parent, guardian, or spouse must act as a co-borrower for the loan.<\/li>\n<\/ul>\n\n\n\n<p>For the Master\u2019s Degree scheme, admission to top-tier universities in STEM fields is mandatory. The Vidya Shakthi scheme requires a certified disability of 40% or more. If you\u2019ve taken a gap year, you can still apply by providing valid reasons and proof of admission.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-documents-required-for-canara-bank-education-loan-application-process\"><span id=\"documents-required-for-canara-bank-education-loan-application-process\">Documents Required for Canara Bank Education Loan Application Process<\/span><\/h2>\n\n\n\n<p>Preparing the necessary documents streamlines the application process for a Canara Bank education loan to study abroad. The bank requires proof of identity, academic records, and financial details to verify eligibility and process the loan efficiently.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>KYC Documents: <\/strong>PAN card, Aadhaar card, passport, or voter ID for the applicant and co-applicant.<\/li>\n\n\n\n<li><strong>Academic Records:<\/strong> Mark sheets of Class 10\/12, graduation results, and entrance exam scores (e.g., SAT, GRE).<\/li>\n\n\n\n<li><strong>Admission Proof:<\/strong> Offer letter from the university detailing the course and fee structure.<\/li>\n\n\n\n<li><strong>Financial Documents:<\/strong> Income proof (ITR, salary slips) of co-applicant, collateral details (if applicable).<\/li>\n\n\n\n<li><strong>Additional: <\/strong>Two passport-size photographs, proof of residence (e.g., electricity bill), and land records for collateral.<\/li>\n<\/ul>\n\n\n\n<p>Ensure all documents are self-attested and signed by a gazetted officer to avoid delays. Submitting clear, authentic certificates is critical, as forged documents lead to immediate cancellation.<\/p>\n\n\n\n<p class=\"has-pale-ocean-gradient-background has-background\"><strong>Also Read: <\/strong><strong>Education Loan for Abroad Studies by Indian Government<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-how-to-apply-for-canara-bank-education-loan-to-study-abroad\"><span id=\"how-to-apply-for-canara-bank-education-loan-to-study-abroad\">How to Apply for Canara Bank Education Loan to Study Abroad<\/span><\/h2>\n\n\n\n<p>Applying for a Canara Bank education loan to study abroad is straightforward, with options for online and offline processes. The bank ensures quick processing, typically within 15-20 days, provided all documents are complete. Here is the online process:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-online-application-via-vidya-lakshmi-portal\"><span id=\"online-application-via-vidya-lakshmi-portal\">Online Application via Vidya Lakshmi Portal<\/span><\/h3>\n\n\n\n<p>The <a href=\"https:\/\/leverageedu.com\/learn\/vidyalakshmi-portal\/\"><strong>Vidyalakshmi Portal<\/strong><\/a> offers a convenient way to apply for an education loan to study abroad. This government-backed platform simplifies the process by allowing you to submit a single application to multiple banks, including Canara Bank.<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Visit the Vidya Lakshmi Portal (vidyalakshmi.co.in).<\/li>\n\n\n\n<li>Fill out the common education loan application form.<\/li>\n\n\n\n<li>Select Canara Bank as your preferred lender.<\/li>\n\n\n\n<li>Upload the required documents in PDF format.<\/li>\n\n\n\n<li>Submit the application and track its status online.<\/li>\n<\/ol>\n\n\n\n<p>Now, let&#8217;s understand the offline process for the Canara Bank education loan.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-offline-application-at-a-branch\"><span id=\"offline-application-at-a-branch\">Offline Application at a Branch<\/span><\/h3>\n\n\n\n<p>If you prefer a personal touch, visit a Canara Bank branch to apply. The branch\u2019s credit manager will guide you through the<strong> <\/strong><a href=\"https:\/\/leverageedu.com\/learn\/education-loan-process-steps-eligibility-criteria-repayment-finance\/\"><strong>education loan process<\/strong><\/a><strong> <\/strong>and ensure your application is complete.<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Contact your nearest Canara Bank branch for an application form.<\/li>\n\n\n\n<li>Complete the form with accurate details.<\/li>\n\n\n\n<li>Submit the form along with all required documents.<\/li>\n\n\n\n<li>Await verification and sanction letter issuance.<\/li>\n<\/ol>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Processing Time: 15-20 days after document submission.<\/li>\n\n\n\n<li>No Processing Fees: Zero charges for most schemes, though collateral-based loans may incur legal fees (INR 7,500\u201310,000).<\/li>\n\n\n\n<li>Disbursal: Tuition fees are paid directly to the university annually.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-interest-rates-and-repayment-options-with-canara-bank\"><span id=\"interest-rates-and-repayment-options-with-canara-bank\">Interest Rates and Repayment Options with Canara Bank<\/span><\/h2>\n\n\n\n<p>Understanding the interest rates and repayment terms of a Canara Bank education loan to study abroad helps you plan your finances effectively. The bank offers competitive rates and flexible repayment options to suit your needs. Here are the Canara Bank education loan interest rates to study abroad:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-canara-bank-education-loan-interest-rates\"><span id=\"canara-bank-education-loan-interest-rates\">Canara Bank Education Loan Interest Rates<\/span><\/h3>\n\n\n\n<p>Canara Bank education loan interest rates vary by scheme and loan amount, linked to the bank\u2019s <a href=\"https:\/\/fly.finance\/blog\/web-stories\/rllr-linked-education-loan-interest-rates\/\"><strong>Repo-Linked Lending Rate<\/strong><\/a> (RLLR) or Marginal Cost of Funds-based Lending Rate (<a href=\"https:\/\/fly.finance\/blog\/full-form\/mclr-full-form\/\"><strong>MCLR<\/strong><\/a>). As of April 2025, rates start at 9.35% annually.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>IBA Model Scheme:<\/strong> Starts at 11.15%, with a 0.5% concession for female students.<\/li>\n\n\n\n<li><strong>Master\u2019s Degree Scheme: <\/strong>Linked to RLLR (9.25% as of May 2023), with lower rates for higher collateral.<\/li>\n\n\n\n<li><strong>Vidya Shakthi: <\/strong>Competitive rates with potential interest subsidies for PwD students.<\/li>\n\n\n\n<li><strong>Moratorium Period:<\/strong> Simple interest applies during the course duration plus up to one year.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-repayment-terms-with-canara-bank-education-loan\"><span id=\"repayment-terms-with-canara-bank-education-loan\">Repayment Terms with Canara Bank Education Loan<\/span><\/h3>\n\n\n\n<p>Repayment begins after the moratorium period, which includes the course duration plus six months to one year after securing a job. The maximum repayment tenure is 15 years, excluding the moratorium period.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>EMI Options:<\/strong> Choose equated monthly installments (<strong>EMI<\/strong><strong>s<\/strong>) based on loan amount and tenure.<\/li>\n\n\n\n<li><strong>No Prepayment Penalty:<\/strong> Pay off the loan early without extra charges.<\/li>\n\n\n\n<li>Tax Benefits: Claim deductions on interest paid under Section 80E of the Income Tax Act for up to eight years.<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Loan Amount<\/strong><\/td><td><strong>Moratorium Period<\/strong><\/td><td><strong>Repayment Tenure<\/strong><\/td><td><strong>Interest Rate<\/strong><\/td><\/tr><tr><td>Up to INR 7.5 lakhs<\/td><td>Course + 1 year<\/td><td>Up to 15 years<\/td><td>11.15%\u201311.35%<\/td><\/tr><tr><td>Above INR 7.5 lakhs<\/td><td>Course + 1 year<\/td><td>Up to 15 years<\/td><td>9.25%\u201311.35%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-benefits-of-canara-bank-education-loan-to-study-abroad\"><span id=\"benefits-of-canara-bank-education-loan-to-study-abroad\">Benefits of Canara Bank Education Loan to Study Abroad<\/span><\/h2>\n\n\n\n<p>Canara Bank education loan to study abroad stands out for its student-friendly features and comprehensive support. From zero processing fees to quick disbursal, the bank ensures a seamless experience.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>No Collateral for Small Loans:<\/strong> Loans up to INR 7.5 lakhs require no collateral, covered under the <a href=\"https:\/\/fly.finance\/blog\/education-loan\/credit-guarantee-fund-scheme-for-education-loans-cgfsel\/\"><strong>Credit Guarantee Fund Scheme for Education Loans<\/strong><\/a> (CGFSEL).<\/li>\n\n\n\n<li><strong>Quick Processing:<\/strong> Loan sanctioning takes 1\u20132 weeks with complete documentation.<\/li>\n\n\n\n<li><strong>Direct Disbursal:<\/strong> Tuition fees are paid directly to the university, reducing financial stress.<\/li>\n\n\n\n<li><strong>Interest Subsidies: <\/strong>Eligible students from economically weaker sections (income &lt; INR 4.5 lakhs) can avail of subsidies under the Central Sector Interest Subsidy Scheme.<\/li>\n<\/ul>\n\n\n\n<p class=\"has-pale-ocean-gradient-background has-background\"><strong>Also Read: <\/strong><strong>Best Private Student Loans without Cosigner<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-tips-for-a-successful-loan-application\"><span id=\"tips-for-a-successful-loan-application\">Tips for a Successful Loan Application<\/span><\/h2>\n\n\n\n<p>Maximizing your chances of approval for a Canara Bank education loan to study abroad requires careful preparation. Follow these tips to ensure a smooth application process.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Verify University Status: Confirm that your university is on Canara Bank\u2019s approved list to avoid delays.<\/li>\n\n\n\n<li>Organize Documents: Submit clear, self-attested documents to expedite verification.<\/li>\n\n\n\n<li>Use EMI Calculator: Utilize Canara Bank\u2019s online EMI calculator to plan repayments.<\/li>\n\n\n\n<li>Consult Experts: Seek guidance from the bank\u2019s credit manager or platforms like Nomad Credit for personalized advice.<\/li>\n<\/ul>\n\n\n\n<p>A Canara Bank education loan to study abroad provides a robust financial foundation for your international education. With flexible schemes, competitive interest rates, and comprehensive coverage, the bank empowers you to focus on your studies without financial worries. <\/p>\n\n\n\n<p>Start your application through the Vidya Lakshmi Portal or a nearby branch, and take the first step toward achieving your global academic aspirations.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-faqs-on-axis-bank-education-loan-interest-rate-nbsp\"><span id=\"faqs-on-axis-bank-education-loan-interest-rate\">FAQs on Axis Bank Education Loan Interest Rate&nbsp;<\/span><\/h2>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1745392305938\"><strong class=\"schema-faq-question\">What is the maximum loan amount offered by Canara Bank for studying abroad?<\/strong> <p class=\"schema-faq-answer\">Canara Bank offers up to INR 20 lakhs under the IBA Model Education Loan Scheme. For master\u2019s degrees in STEM fields at top universities, there is no upper cap, provided 100% collateral is available.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1745392307146\"><strong class=\"schema-faq-question\">Do I need collateral for a Canara Bank education loan to study abroad?<\/strong> <p class=\"schema-faq-answer\">No collateral is required for loans up to INR 7.5 lakhs. Loans above this amount typically require 100% collateral, such as property or fixed deposits.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1745392309147\"><strong class=\"schema-faq-question\">What expenses are covered under Canara Bank\u2019s education loan for overseas studies?<\/strong> <p class=\"schema-faq-answer\">The loan covers tuition fees, accommodation, travel, books, equipment, and other study-related expenses, ensuring comprehensive financial support.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1745392309590\"><strong class=\"schema-faq-question\">Who is eligible for a Canara Bank education loan to study abroad?<\/strong> <p class=\"schema-faq-answer\">Indian citizens or NRIs with a valid passport, who have secured admission to recognized universities abroad through merit or entrance tests (e.g., SAT, GRE), are eligible.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1745392310333\"><strong class=\"schema-faq-question\">What is the interest rate for Canara Bank education loans for international studies?<\/strong> <p class=\"schema-faq-answer\">Interest rates start at 9.25% for the Master\u2019s Degree scheme and 11.15% for the IBA Model scheme, with concessions for female students and PwD applicants.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1745392310898\"><strong class=\"schema-faq-question\">How long is the repayment period for a Canara Bank education loan?<\/strong> <p class=\"schema-faq-answer\">The repayment tenure extends up to 15 years, excluding the moratorium period (course duration plus up to one year after securing a job).<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1745392311416\"><strong class=\"schema-faq-question\">Can I apply for a Canara Bank education loan online?<\/strong> <p class=\"schema-faq-answer\">Yes, you can apply through the Vidya Lakshmi Portal (vidyalakshmi.co.in) by filling out the common application form and uploading required documents.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1745392421780\"><strong class=\"schema-faq-question\">Are there any processing fees for Canara Bank education loans?<\/strong> <p class=\"schema-faq-answer\">Most schemes have zero processing fees. However, collateral-based loans may incur legal or valuation fees, ranging from INR 7,500 to INR 10,000.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1745392422998\"><strong class=\"schema-faq-question\">Does Canara Bank offer interest subsidies for education loans to study abroad?<\/strong> <p class=\"schema-faq-answer\">Yes, students from economically weaker sections (income &lt; INR 4.5 lakhs) may qualify for subsidies under the Central Sector Interest Subsidy Scheme.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1745392423552\"><strong class=\"schema-faq-question\">What documents are required to apply for a Canara Bank education loan?<\/strong> <p class=\"schema-faq-answer\">You need KYC documents (PAN, Aadhaar, passport), academic records (Class 10\/12, entrance exam scores), admission proof, financial documents (ITR, salary slips), and collateral details (if applicable).<\/p> <\/div> <\/div>\n\n\n\n<p>Evaluate all <a href=\"https:\/\/leverageedu.com\/\"><strong>study abroad<\/strong><\/a> options with Leverage Edu. Stay tuned with <a href=\"https:\/\/live.leverageedu.com\/\"><strong>Leverage Live<\/strong> <\/a>classes and realise your dream of studying in your dream country.<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-pale-ocean-gradient-background has-background has-fixed-layout\"><tbody><tr><td colspan=\"2\"><strong>Additional Blogs<\/strong><\/td><\/tr><tr><td><strong>Expenses Covered in Education Loan<\/strong><\/td><td><strong>Options For Masters Degree Funding<\/strong><\/td><\/tr><tr><td><a href=\"https:\/\/leverageedu.com\/blog\/vijaya-bank-education-loan\/\"><strong>Vijaya Bank Education Loan- Interest Rate, Apply Online<\/strong><\/a><\/td><td><a href=\"https:\/\/leverageedu.com\/learn\/maximum-education-loan-for-abroad-studies-finance\/\"><strong>Maximum Education Loan for Abroad Studies in 2025<\/strong><\/a><\/td><\/tr><tr><td><a href=\"https:\/\/leverageedu.com\/learn\/hdfc-bank-education-loan-interest-rates-finance\/\"><strong>HDFC Bank Education Loan Interest Rates<\/strong><\/a><\/td><td><strong>Indian Overseas Bank (IOB) Education Loan<\/strong><\/td><\/tr><tr><td><a href=\"https:\/\/leverageedu.com\/discover\/indian-education-loans\/cheapest-education-loan-in-india\/\"><strong>Cheapest Education Loan in India in 2023<\/strong><\/a><\/td><td><strong>Education Loan Scheme by Narendra Modi!<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"Pursuing higher education abroad opens doors to global opportunities, but the financial aspect can be daunting. Canara Bank&hellip;\n","protected":false},"author":119,"featured_media":73776,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"editor_notices":[],"footnotes":""},"categories":[22],"tags":[],"class_list":{"0":"post-73536","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-finance"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Canara Bank Education Loan to Study Abroad<\/title>\n<meta name=\"description\" content=\"Discover how a Canara Bank education loan to study abroad can fund your international education. 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However, collateral-based loans may incur legal or valuation fees, ranging from INR 7,500 to INR 10,000.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/leverageedu.com\/learn\/canara-bank-education-loan-to-study-abroad\/#faq-question-1745392422998","position":9,"url":"https:\/\/leverageedu.com\/learn\/canara-bank-education-loan-to-study-abroad\/#faq-question-1745392422998","name":"Does Canara Bank offer interest subsidies for education loans to study abroad?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Yes, students from economically weaker sections (income &lt; INR 4.5 lakhs) may qualify for subsidies under the Central Sector Interest Subsidy Scheme.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/leverageedu.com\/learn\/canara-bank-education-loan-to-study-abroad\/#faq-question-1745392423552","position":10,"url":"https:\/\/leverageedu.com\/learn\/canara-bank-education-loan-to-study-abroad\/#faq-question-1745392423552","name":"What documents are required to apply for a Canara Bank education loan?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"You need KYC documents (PAN, Aadhaar, passport), academic records (Class 10\/12, entrance exam scores), admission proof, financial documents (ITR, salary slips), and collateral details (if applicable).","inLanguage":"en-US"},"inLanguage":"en-US"}]}},"acf":[],"_links":{"self":[{"href":"https:\/\/leverageedu.com\/learn\/wp-json\/wp\/v2\/posts\/73536","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/leverageedu.com\/learn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/leverageedu.com\/learn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/leverageedu.com\/learn\/wp-json\/wp\/v2\/users\/119"}],"replies":[{"embeddable":true,"href":"https:\/\/leverageedu.com\/learn\/wp-json\/wp\/v2\/comments?post=73536"}],"version-history":[{"count":0,"href":"https:\/\/leverageedu.com\/learn\/wp-json\/wp\/v2\/posts\/73536\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/leverageedu.com\/learn\/wp-json\/wp\/v2\/media\/73776"}],"wp:attachment":[{"href":"https:\/\/leverageedu.com\/learn\/wp-json\/wp\/v2\/media?parent=73536"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/leverageedu.com\/learn\/wp-json\/wp\/v2\/categories?post=73536"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/leverageedu.com\/learn\/wp-json\/wp\/v2\/tags?post=73536"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}