EDUCATIONAL LOAN 1. ELIGIBILITY. a. The applicant should be an Indian national b. Secured admiision to professional / Technical courses in India or abroad through Enterance test/ Merit based selection process . c. In case of other courses the student should have secured admission for the course. d. Students securing admission under Management quota are also eligible subject to conditions. 2 COURSES ELIGIBLE. IN INDIA a. Graduation courses b. Post graduation courses c. Professional courses d. Courses offered by National institutes and other reputed private institutions, STUDIES ABROAD a. Graduation b. Post Graduation : MCA , MBA , MS ete c. Medical courses d. Regular degree Diploma courses QUANTUM OF FINANCE Need based finance subject to repaying capacity. SY, Advances Section T 24452838 ie, Circle Office F 24456827 ,4,.% Pune E desaivg@canbank.co.in _ S.u.9,, Ue. A 4 YM, Ganatra, Chambers www.canarabank.com 571, ~.™,'0,", 02,2", ¥@Y,U2,/2" 571, Sadashivpeth, Laxmi Road 2,"u,"% 411 030 Pune 411 030Studies in India Studies abroad Maximum Rs. 10.00 lakhs maximum Rs. 20.00 lakhs MARGIN up to Rs. Lakhs Nil ‘Above Rs. 4 lakhs (Studies in India) Studies abroad I SECURITY 5 % of project cost 15 % of project cost Up to Rs.4.00 lakhs No security Loan jointly granted to the parent/Guardian and the student Above Rs. 4.00 lacs and up to Rs. 7.50 lakhs 1, Loan jointly granted to the Parent/Guardian and the student. 2, Collateral security in the form of suitable third party guarantee having adequate net worth and income. OR Collateral securities in the form of Tangible assets worth 100 % of loan amount with stipulated margin for the ‘type of security, instead of third party guarantee is also accepted | Above 7.50 Lakhs RATE OF INTEREST 1. Loan jointly granted to the paren Guardian and the student. 2. Tangible collateral security to cover at least 100 % of the loan amount with stipulated margin for the type of security. Up to Rs.4.00 lakhs @ 11.00 % p.a simple ‘Above Rs 4.00 Lakhs to Rs. 7.50 lakhs @ 12.00 % p.a simple Above Rs. 7.50 lakhs 0 Rs.20.00 [lakhs | @ 9.75% pa simple : §, Advances Section T 24452638 eU¥, i, Circle Office F 24456827 Coa Pune E desaivg @ canbank.co.in SiH, OMEO.3,A, 4, YF, Ganatra Chambers www.canarabank.com Laxmi Road 0.5, ¥e 411 030 Pune 411 030 571, 3,™,10.", 02,'6", ¥,@Y,0 2,16" 871, Sadashivpeth,Above 20.00 lakhs @ 15.25 % p.a simple For students secured admission in | @ 9.25 % p.a simple top ranking Medical, Engg, Management institutes/ colleges in the country ( Rate of interest is subject to change from time to time as per H.O guidelines) Reduction of 1.00 % on the applicable Rate of interest is extended to girl students for loan sanctioned up to 30.6.2010 and 0.50 % from 1.7.2010 onwards. Concession of 0.50 % on the applicable Rate of interest is extended where interest is serviced during the repayment holiday/ study period subject to terms and conditions. REPAYMENT HOLIDAY Course period + 1 year after completion of course or 6 months after getting the job whichever is earlier. REPAYMENT OF LOAN The loan to be repaid in 5-7 years after commencement of repayment along with accrued interest in EMI PROCESSING CHARGES No processing charges on educational loans for studies in India Processing charges at the applicable rates for studies abroad. ( refundable subject to conditions) Documents to be submitted. Application in the prescribed form Identity/ Address proof Photographs 2 each of applicant and parent/ Guardian/ Guarantor Marks statement from X std onwards. Letter of admission. Bonafide certificate from the college. PaseNa ‘o ‘Advances Section T 24452838 “20%, i. Circle Office F 24456827 4% Pune E desaivg@canbank.co.in Sut, O.K207A,4~, ¥, Ganatra Chambers Wwuni.canarabank.com 571, 7,"™,'©,”,o9,%", ¥8Y,0 8,19" Laxmi Road 2,4,%2 411 030 Pune 411 030 2, i 571, Sadashivpeth,