Education and Career Forum

Can anyone of you please let me know about the holiday period which Canara Bank can provide for the loan taker who wants to study MS in Abroad? I want to take an education loan from Canara Bank that is why I want to know about the holiday period.

Originally Posted by Unregistered

Can anyone of you please let me know about the holiday period which Canara Bank can provide for the loan taker who wants to study MS in Abroad? I want to take an education loan from Canara Bank that is why I want to know about the holiday period.

Holiday period or Moratorium period is the course period + 1 year or six months after getting employment, whichever is earlier in Canara Bank education loan scheme.

Education loan under Canara Bank is repayable with interest in equated monthly installments (EMIs).

Repayment Period:
Education loans up to Rs 7.5 Lakhs – 10 years
Education loans above Rs 7.5 Lakhs – 15 years

Details are available at the website link given Click Here

Holiday period under Education Loan scheme of Canara Bank for MS in Abroad aspirant is One year after completion of the course or Six months after getting job whichever is earlier.

You can get more details on the below mentioned attachment.

Holiday period under Education Loan Scheme of Canara Bank for MS in Abroad aspirant is mentioned below:-

—> One year after completion of course or six months after getting a job, whichever is earlier.