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Canara Education Loan for Masters Degree

Masters-degree education finance for select top-ranked universities in India and abroad, with loans above ₹7.50 lakh, collateral-linked limits and repayment up to 15 years.

Interest rateA numeric Masters-loan rate is not published on the reviewed product page; the page describes lower reducing-balance pricing and links to Canara's current interest-rate information.Maximum amountMinimum loan is above ₹7.50 lakh. With collateral coverage of 100% or more, there is no maximum cap subject to project cost; with coverage below 100%, maximum is ₹1 crore.TenureRepayment in EMIs up to 15 years excluding the moratorium period.
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Quick eligibility check

Canara Education Loan for Masters Degree

0 of 3 answered

Answer what you know. This guide compares your answers with the criteria published for this product; it is not an approval decision. Your answers stay on this device.

1Does your annual income meet this requirement: No student or co-borrower minimum income amount is published?

Published source: Minimum income

2Does your annual income meet this requirement: admission, exam scores, income/assets and collateral evidence are assessed?

Published source: Minimum income

3Are you this type of customer: Student must be an Indian national with a valid passport, admission to a select institution and minimum competitive-exam scores: SAT 1250, ACT 26, GRE 300 or GMAT 650 as applicable?

0 of 3 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 30 Aug 2026 · active
Offered byCanara Bank

India and eligible overseas study destinations

Key facts

What the official sources publish

Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.

Loan typeEducation loan for a Master's degree in India or abroad at select top-ranking universities, including tuition, travel, living and medical-insurance expenses.View source
Canara describes Masters finance for select institutions and lists covered study expenses.
Source
Education Loan Scheme for pursuing Masters Degree
Page / section
Purpose; Expenses considered
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Interest rateA numeric Masters-loan rate is not published on the reviewed product page; the page describes lower reducing-balance pricing and links to Canara's current interest-rate information.View source
The complete page does not display a numeric Masters rate.
Source
Education Loan Scheme for pursuing Masters Degree
Page / section
Benefits; Interest Rates
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
BenchmarkNot published on the reviewed Masters-loan page.View source
No benchmark or spread is displayed.
Source
Education Loan Scheme for pursuing Masters Degree
Page / section
Complete page
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
APRNot published as a separate APR.View source
No is shown.
Source
Education Loan Scheme for pursuing Masters Degree
Page / section
Complete page
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Minimum incomeNo student or co-borrower minimum income amount is published; admission, exam scores, income/assets and collateral evidence are assessed.View source
Canara lists academic and admission tests but no salary threshold.
Source
Education Loan Scheme for pursuing Masters Degree
Page / section
Eligibility; Required documents
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Maximum amountMinimum loan is above ₹7.50 lakh. With collateral coverage of 100% or more, there is no maximum cap subject to project cost; with coverage below 100%, maximum is ₹1 crore.View source
The quantum table links the ₹7.50 lakh minimum and collateral-dependent maximums.
Source
Education Loan Scheme for pursuing Masters Degree
Page / section
Loan Quantum
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
TenureRepayment in EMIs up to 15 years excluding the moratorium period.View source
The official repayment section publishes up to 15 years excluding moratorium.
Source
Education Loan Scheme for pursuing Masters Degree
Page / section
Repayment tenure
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Processing feeCollateral coverage 100% or more: 0.50% of sanctioned limit, maximum ₹10,000. Coverage below 100%: 0.50%, maximum ₹20,000. The page publishes a 50% waiver for 1 April 2026 to 30 June 2026.View source
Canara publishes two processing-charge maxima by collateral coverage.
Source
Education Loan Scheme for pursuing Masters Degree
Page / section
Processing charges
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Prepayment / foreclosureNo prepayment penalty.View source
No prepayment penalty is listed as a benefit.
Source
Education Loan Scheme for pursuing Masters Degree
Page / section
Benefits
Accessed
30 Aug 2026
Confidence
high
Open official source ↗

Benefits and features

  • Masters studies in India or abroad at select institutions
  • Minimum loan amount above ₹7.50 lakh
  • Up to ₹1 crore where collateral coverage is below 100%; no cap as per project cost at 100%+ coverage
  • 10% margin
  • Up to 15-year repayment after moratorium
  • 50% processing-charge waiver published for 1 April 2026 to 30 June 2026

Eligibility

  • Student must be an Indian national with a valid passport, admission to a select institution and minimum competitive-exam scores: SAT 1250, ACT 26, GRE 300 or GMAT 650 as applicable.

Passing a listed condition does not mean the bank will approve an application.

Documents the bank lists

  • Admission letter, course expense schedule and academic mark sheets
  • Passport, /Aadhaar, and residence proof
  • Income/assets and co-borrower or guarantor proof
  • Collateral title and valuation documents where required

Related official documents

Education Loan Scheme for pursuing Masters Degreeofficial-product-page · current · accessed 30 Aug 2026
↗
Canara retail loan interest-rate rangesofficial-rate-table · current · accessed 30 Aug 2026
↗

Plan before applying

Try the numbers

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Loan repayment estimate

See what the loan could cost each month. Move any slider to try a different amount, rate or repayment time.

One monthly payment₹21,696twenty-one thousand six hundred ninety-six rupees
Interest paid over the full loan₹27,06,939twenty-seven lakh six thousand nine hundred thirty-nine rupees
Everything you repay₹52,06,939fifty-two lakh six thousand nine hundred thirty-nine rupees

This is only an estimate, not a bank or insurer offer. The final amount can change because of taxes, fees, rate changes and provider rules.

Use the published table

Find the exact published value

Choose a table, then pick its row and column. This shows the exact entry published by the bank or insurer without making you scan every cell.

Housing cum Solar · Purpose / eligibilityHousing borrower with rooftop rights and regular electricity bill

This value is copied from Canara solar, agriculturist vehicle and Masters-loan terms. Check the table notes before relying on it.

Source: Canara loan product pages and retail rate tables · Quantum; Interest; Eligibility; Repayment; Processing; Security Open official source ↗

Published tables

Complete rates, limits and schedules

Tables preserve every reviewed row and column from the cited official source.

Table 1 · 3 rows · 4 columnsCanara solar, agriculturist vehicle and Masters-loan termsPublished limits, rates, eligibility, fees, security, subsidy and repayment terms from Canara's official pages.View tableHide table

Scroll sideways to view every column

Canara solar, agriculturist vehicle and Masters-loan terms
ProductPurpose / eligibilityAmount / rateTenure / charges
Housing cum SolarHousing borrower with rooftop rights and regular electricity billSolar up to ₹10 lakh incl. subsidy; housing rate range 7.15%–10.00%Up to 20 years; 0.50%, ₹1,500–₹10,000 + ; subsidy up to ₹78,000
Vehicle to AgriculturistsQualifying agriculturist land/income; special farm activities ₹4 lakh incomeNo upper limit up to one year's income; used lower-of 60% tests or ₹50 lakh; vehicle range 7.45%–15.00%84 months new / 60 months used; 0.25%, ₹1,000–₹5,000 +
Masters Degree LoanIndian national with select-university admission and SAT/ACT/GRE/GMAT scoreAbove ₹7.50 lakh; no cap at 100%+ collateral, otherwise ₹1 croreUp to 15 years after moratorium; 0.50% max ₹10,000/₹20,000; no prepayment penalty
Canara loan product pages and retail rate tables · Quantum; Interest; Eligibility; Repayment; Processing; Security · accessed 30 Aug 2026Open official source ↗

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