Education and Career Forum

Hi, I want to get an education loan of about Rs. 20 Lacs to study in USA. I want to study my MS program there. I have searched and know well about loan rates but I am unable to know the margin given by many banks to get loan amount from Canara Bank. So, I want to know in what margin of loan scheme I get Rs. 20 Lacs? Also I want to know about the repayment of education loan.

The margin money in terms of education loan is the amount that is paid by the borrower while the rest of amount is paid by the bank.


The margin requirement on education loan is not very rigid .

No margin may be insisted upon for loans upto Rs 4 lakh .

For loans of higher amount , the margin requirement may be 5 % for inland studies and 15% for abroad.