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#1
2nd November 2018, 04:11 AM
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Interest rates in Canara Bank for Education Loans to study MS in Abroad? Procedure to recover Loan amount?
Hello everyone, I want to study MS with education loan in Abroad. But I am confused about the interest rates. I want to know that what are the interest rates of Canara Bank for education loan. Also let me know the the recovery process?
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#2
5th April 2022, 12:17 PM
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Re: Interest rates in Canara Bank for Education Loans to study MS in Abroad? Procedure to recover Loan amount?
The interest rate varies depending upon the scheme.
@IBA skill loan scheme Rs 5000 to 1.5 lakh 8.40% @Vidya Turant Upto 40 lakhs 6.90% to 7.50% @Vidya shakti For diploma and certification courses 6.90% @ vidya sahay Upto Rs 1 lakh 8.90% Process of loan recovery Extension of repayment tenure which reduces EMI amount A moratorium wherein he will not have to pay EMI for few months Accept haircut wherein the lender waives a certain amount of loan if the borrower is in no position to repay the loan in near future as well. |
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