Canara Bank Education Loan College List 2024-2025
Thanks to its comprehensive list of approved colleges, Canara Bank is a leading option for students seeking educational loans. Committed to supporting academic aspirations, Canara Bank offers tailored loan solutions that make education more accessible.
As of 2024, Canara Bank offers education loans with competitive interest rates starting at 9.35% annually. The Canara Bank education loan college list is essential for students and their families. This article will explore the Canara Bank education loan college list.
Keep reading to discover!
Canara Bank Education Loan College List Under Vidya Turant Scheme
The Canara Bank Vidya Turant Scheme is designed to offer a smooth and efficient education loan process for outstanding students enrolled in prestigious institutions such as select IIMs, IITs, NITs, IISc, ISB (Hyderabad & Mohali), and other renowned universities.
The table below highlights the Canara Bank Education Loan College List Under the Vidya Turant Scheme.
| Category-A Institute List (Maximum Loan Limit: INR 50 lakhs) | |
|---|---|
| College | Location |
| Indian School of Business | Mohali |
| Indian School of Business | Hyderabad |
Canara Bank Education Loan College List: Category B
| College | Location |
|---|---|
| Indian Institute of Management, Ahmedabad | Ahmedabad |
| Indian Institute of Management, Bangalore | Bangalore |
| Indian Institute of Management, Kozhikode | Kozhikode |
| Indian Institute of Management, Kolkata | Kolkata |
| Indian Institute of Management, Lucknow | Lucknow |
| Indian Institute of Management, Indore | Indore |
| Indian Institute of Management, Raipur | Raipur |
| Indian Institute of Management, Rohtak | Rohtak |
| Indian Institute of Management, Udaipur | Udaipur |
| Indian Institute of Management, Kashipur | Kashipur |
| Indian Institute of Management, Trichy | Trichy |
| Indian Institute of Management, Ranchi | Ranchi |
| Indian Institute of Management, Shillong | Shillong |
| Indian Institute of Management, Visakhapatnam | Visakhapatnam |
| Indian Institute of Management, Jammu | Jammu |
| Indian Institute of Management, Nagpur | Nagpur |
| Indian Institute of Management, Amritsar | Chandigarh |
| Indian Institute of Management, Bodh Gaya | Patna |
| Indian Institute of Management, Sambalpur | Sambalpur |
| Indian Institute of Management, Sirmaur | Chandigarh |
| Indian Institute of Technology, Madras | Chennai |
| Indian Institute of Technology, Delhi | Delhi |
| Indian Institute of Technology, Mumbai | Mumbai |
| Indian Institute of Technology, Kanpur | Kanpur |
| Indian Institute of Technology, Roorkee | Roorkee |
| Indian Institute of Technology, Kharagpur | Kharagpur |
| Indian Institute of Technology, Guwahati | Guwahati |
| Indian Institute of Technology, Hyderabad | Hyderabad |
| Indian Institute of Technology, Indore | Indore |
| Indian Institute of Technology (BHU) Varanasi | Varanasi |
| Indian Institute of Technology, Gandhinagar | Gandhinagar |
| Indian Institute of Technology, Ropar, Punjab | Punjab |
| Indian Institute of Technology, Jodhpur, Rajasthan | Rajasthan |
| Indian Institute of Technology, Mandi | Mandi |
| Indian Institute of Technology, Patna | Patna |
| Indian Institute of Technology, Bhubaneswar | Bhubaneswar |
| Indian Institute of Technology, Tirupati | Tirupati |
| Indian Institute of Technology (IIT), Jammu | Jammu |
| Indian Institute of Technology, Palakkad | Palakkad |
| Indian Institute of Technology, Bhilai, Chhattisgarh | Chhattisgarh |
| Indian Institute of Technology, Dharwad | Dharwad |
| Indian Institute of Technology, Goa | Panaji |
| Symbiosis Institute of Business Management (SIBM), Pune | Pune |
| Symbiosis Institute of Business Management (SIBM), Nagpur | Nagpur |
| Symbiosis Institute of Management (SIMS), Pune | Pune |
| Symbiosis Institute of Business Management (SIBM), Bangalore | Bengaluru |
| Symbiosis Centre for Management and Human Resource Development (SCMHRD) | Pune |
| Xavier Labour Relations Institute (XLRI) | Ranchi |
| Xavier Institute Of Management, Bhubaneswar | Bhubaneswar |
| Management Development Institute (MDI), Gurgaon | Gurgaon |
| S. P. Jain Institute Of Management and Research, Mumbai | Mumbai |
| Narsee Monjee Institute Of Management Studies (NMIMS), Mumbai | Mumbai |
| Indian Institute of Foreign Trade, New Delhi | Delhi |
| Indian Institute of Foreign Trade, Kolkata | Kolkata |
| Institute of Management Technology (IMT), Ghaziabad | Ghaziabad |
| Indian School of Business (ISB), Hyderabad | Hyderabad |
| Indian School of Business (ISB), Mohali | Mohali |
| Jesus and Mary College | Delhi |
| Jamnalal Bajaj Institute of Management Studies | Mumbai |
| National Institute of Industrial Engineering (NITIE), Mumbai | Mumbai |
| Institute of Management Technology (IMT), Nagpur | Nagpur |
| Institute of Management Technology (IMT), Hyderabad | Hyderabad |
| National Institute of Bank Management (NIBM), Pune | Pune |
| Institute of Rural Management Anand (IRMA), Anand | Anand |
| Great Lakes Institute of Management | Chennai |
| Indira Gandhi National Open University (IGNOU) | New Delhi |
| National Institute of Fashion Technology (NIFT), Mumbai | Mumbai |
| School of International Business | Delhi |
Canara Bank Education Loan College List: Category C
|
Category-C Institute List (Maximum Loan Limit: INR 30 lakhs) |
|
| College | Location |
| Indian Institute of Sciences (IISc), Bangalore | Bangalore |
| IT-Banaras Hindu University, Varanasi | Varanasi |
| MAHE and its Associates Institutes | Mangaluru |
| Kalinga Institute of Industrial Technology | Bhubaneswar |
| Guru Nanak Dev Engineering College | Chandigarh |
| Institute of Management, NIRMA University | Ahmedabad |
| National Institute of Foundry and Forge Technology (NIFFT) | Ranchi |
| NITIE – Mumbai | Mumbai |
| Goa Institute of Management | Goa |
| T. A. Pai Management Institute (TAPMI), Manipal | Manipal |
| T.A.Pai Management Institute (TAPMI), Bangalore | Bengaluru |
| Foundation for Organisational Research and Education (FORE), Delhi | Delhi |
| International Management Institute, Bhubaneswar | Bhubaneswar |
| International Management Institute (IMI), Kolkata | Kolkata |
| National Institute of Bank Management (NIBM) | Pune |
| Bharathidasan Institute of Management | Madurai |
| National Institute of Technology (NIT), Karnataka | Karnataka |
| National Institute of Technology (NIT), Rourkela | Rourkela |
| Thapar Institute of Engineering and Technology | Chandigarh |
| National Institute of Technology (NIT), Warangal | Hyderabad |
| National Institute of Technology (NIT), Calicut | Calicut |
| Malaviya National Institute of Technology, Jaipur | Jaipur |
| National Institute of Technology (NIT) Silchar | Silchar |
| Visvesvaraya National Institute of Technology, Nagpur | Pune |
| National Institute of Technology (NIT), Durgapur | Kolkata |
| Dr. B.R. Ambedkar National Institute of Technology | Chandigarh |
| Motilal Nehru National Institute of Technology, Allahabad | Allahabad |
| International Institute of Information Technology Hyderabad (IIIT-H) | Hyderabad |
| National Institute of Technology (NIT), Patna | Patna |
| National Institute of Technology (NIT), Kurukshetra | Karnal |
| S.V. National Institute of Technology, Surat | Ahmedabad |
| National Institute of Technology (NIT), Raipur | Raipur |
| International Institute of Information Technology, Bangalore | Bangalore |
| Maulana Azad National Institute of Technology Bhopal | Bhopal |
| National Institute of Technology (NIT), Srinagar | Srinagar |
| ABV Indian Institute of Information Technology, Gwalior | Gwalior |
| Indian Institute of Information Technology (IIIT), Allahabad | Allahabad |
| National Institute of Technology (NIT), Tiruchirappalli | Tiruchirappalli |
| National Institute of Technology (NIT), Agartala | Agartala |
| National Institute of Technology (NIT), Jamshedpur | Jamshedpur |
| National Institute of Technology (NIT), Hamirpur | Chandigarh |
| All India Institute of Medical Sciences (AIIMS) Delhi | Delhi |
| Post Graduate Institute of Medical Education and Research (PGIMER) | Chandigarh |
| Christian Medical College (CMC) Vellore | Chennai |
| Jawaharlal Institute of Postgraduate Medical Education & Research (JIPMER) | Chennai |
| King George Medical College (KGMC) | Lucknow |
| St. John's Medical College | Bengaluru |
| Hamdard Institute of Medical Sciences and Research | Delhi |
| M.S. Ramaiah Medical College, Bangalore | Bengaluru |
| National Law School of India University (NLSIU) | Bengaluru |
| M/s NITTE University | Mangaluru |
| National Institute of Design (NID), Gandhinagar | Gandhinagar |
| National Institute of Design (NID), Ahmedabad | Ahmedabad |
| LN Mittal Institute of Information & Technology University, Jaipur | Jaipur |
| Institute of Management Technology, Nagpur | Nagpur |
| Management Development Institute (MDI), Murshidabad | Kolkata |
| Indian Institute of Information Technology (IIIT), Bengaluru | Bengaluru |
| Indian Institute of Information Technology (IIIT), Guwahati | Guwahati |
| Indian Institute of Information Technology, Design & Manufacturing, Jabalpur | Jabalpur |
| Indian Institute of Information Technology, Design & Manufacturing, Kanchipuram | Kanchipuram |
| International Institute of Information Technology (IIIT), Bhubaneshwar | Bhubaneshwar |
| Indian Institute of Information Technology (IIIT), Pune | Pune |
| Indian Institute of Information Technology (IIIT), Kota | Kota |
| Indian Institute of Information Technology (IIIT), Sri City | Sri City |
| Indian Institute of Information Technology (IIIT), Vadodara | Vadodara |
| Indian Institute of Information Technology (IIIT), Nagpur | Nagpur |
| Indian Institute of Information Technology (IIIT), Kalyani | Kalyani |
| Indian Institute of Information Technology (IIIT), Lucknow | Lucknow |
| Indian Institute of Information Technology (IIIT), Dharwad | Dharwad |
| Indian Institute of Information Technology (IIIT), Bhagalpur | Bhagalpur |
| Indian Institute of Information Technology (IIIT), Bhopal | Bhopal |
| Indian Institute of Information Technology (IIIT), Kottayam | Kottayam |
| Indian Institute of Information Technology (IIIT), Ranchi | Ranchi |
| Indian Institute of Information Technology (IIIT), UNA | UNA |
| Indian Institute of Information Technology (IIIT), Surat | Surat |
| Indian Institute of Information Technology (IIIT), Manipur | Manipur |
| College | Location |
| Indian Institute of Information Technology, Design & Manufacturing, Kurnool | Vijayawada |
| Indian Institute of Information Technology (IIIT), Trichirupalli | Madurai |
| Indian Institute of Information Technology (IIIT), Sonepat | Chandigarh |
| Indian Institute of Information Technology (IIIT), Agartala | Guwahati |
| Indian Institute of Information Technology (IIIT), Hyderabad | Hyderabad |
| National Institute of Design, Madhya Pradesh | Bhopal |
| National Institute of Design, Bengaluru | Bengaluru |
| National Institute of Design, Andhra Pradesh | Hyderabad |
| National Institute of Design, Haryana | Chandigarh |
| National Institute of Design, Assam | Guwahati |
| Indian Institute of Science Education & Research (IISER) | Chandigarh |
| Rajiv Gandhi Institute of Petroleum Technology | Lucknow |
| National Insurance Academy | Pune |
| Footwear Design and Development Institute, Noida | Delhi |
| Footwear Design and Development Institute, Rohtak | Rohtak |
| Footwear Design and Development Institute, Chennai | Chennai |
| Footwear Design and Development Institute, Fursatganj | Lucknow |
| Footwear Design and Development Institute, Patna | Patna |
| Footwear Design and Development Institute, Jodhpur | Nearest Branches: Jaipur |
| Footwear Design and Development Institute, Kolkata | Kolkata |
| Footwear Design and Development Institute, Hyderabad | Hyderabad |
| Footwear Design and Development Institute, Chhindwara | Bhopal |
| Footwear Design and Development Institute, Guna | Bhopal |
| Footwear Design and Development Institute, Ankleshwar | Ahmedabad |
| Footwear Design and Development Institute, Chandigarh | Chandigarh |
| Faculty Of Management Studies (FMS), Kamalanagar 3F, Delhi | Delhi |
| Jamnalal Bajaj Institute Of Management Studies (JBIMS), Reclamation, Mumbai | Mumbai |
| Shailesh J Mehta Institute of Management, Mumbai | Mumbai |
| Symbiosis Institute of Media and Communication, Bangalore | Bengaluru |
| Symbiosis Institute of Telecom Management, Pune | Pune |
| Symbiosis Centre for Information Technology, Pune | Pune |
| Symbiosis Institute of Operations Management, Nashik | Pune |
| Manipal Institute of Technology (MIT), Manipal | Manipal |
| Xavier Labour Relations Institute (XLRI), Delhi NCR (Jhajjar) | Karnal |
| Kalinga Institute of Medical Science | Bhubaneswar |
| Father Muller Medical College | Mangaluru |
| AJ Institute of Medical Science and Research Centre | Mangaluru |
| Yenepoya Medical College | Mangaluru |
| Institute of Technical and Research (Siksha O Anusandhan) | Bhubaneswar |
| K S Hegde Medical Academy | Mangaluru |
| National Institute of Fashion Technology (NIFT), Srinagar | Chandigarh |
| National Institute of Fashion Technology (NIFT), Bangalore | Bengaluru |
| National Institute of Fashion Technology (NIFT), Delhi | Delhi |
| National Institute of Fashion Technology (NIFT), Mumbai | Mumbai |
| National Institute of Fashion Technology (NIFT), Chennai | Chennai |
| National Institute of Fashion Technology (NIFT), Patna | Patna |
| National Institute of Fashion Technology (NIFT), Gandhinagar | Ahmedabad |
| National Institute of Fashion Technology (NIFT), Hyderabad | Hyderabad |
| National Institute of Fashion Technology (NIFT), Kolkata | Kolkata |
| National Institute of Fashion Technology (NIFT), Raebareli | Raebareli |
| National Institute of Fashion Technology (NIFT), Kannur | Kannur |
| National Institute of Fashion Technology (NIFT), Bhubaneswar | Bhubaneswar |
| National Institute of Fashion Technology (NIFT), Kangra | Chandigarh |
| National Institute of Fashion Technology (NIFT), Panchkula | Chandigarh |
| National Institute of Fashion Technology (NIFT), Bhopal | Bhopal |
| National Institute of Fashion Technology (NIFT), Shillong | Guwahati |
| National Institute of Fashion Technology (NIFT), Jodhpur | Jaipur |
| National Institute of Fashion Technology (NIFT), Daman | Ahmedabad |
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Canara Bank Education Loan Interest Rates
When considering an education loan with Canara Bank, understanding the interest rates is crucial. Canara Bank offers competitive rates, but these can vary based on several factors, including the type of loan, the applicant’s profile, and current economic conditions.
Here’s a table highlighting the Canara bank education loan interest rates.
| Scheme | Interest Rates |
|---|---|
| Vidya Sagar education loan | 9.25% - 11.35% |
| IBA model education loan | 9.25% - 11.25% |
| IBA skill loan | 9.25% - 10.75% |
| Vidya Turant education loan | 9.25% - 9.85% |
| Vidya Shakthi | 9.25% - 11.25% |
Also Read: Canara Bank Education Loan Interest Rate and Benefits
Canara Bank Education Loan: Documents Required
To streamline the process and ensure that applicants are prepared, Canara Bank has outlined a comprehensive list of documents needed to apply for an education loan. The documentation process is designed to verify your eligibility and ensure the loan is used appropriately.
Here’s a detailed look at the documents required for Canara Bank's education loan.
| Document Category | Documents Required |
|---|---|
| Identity Proof of Applicant and Co-applicant and KYC Details | Aadhar card, passport, or voter ID |
| Proof of Residence of Applicant and Co-applicant | Utility bill, rent agreement, or a bank statement |
| Proof of Admission | A letter of admission or an offer letter from the educational institution where the applicant has been accepted. |
| Educational Documents |
|
| Income Proof |
|
| Collateral Documents (if applicable) | If the loan amount exceeds a certain limit, collateral security such as property documents or a fixed deposit may be required. |
| Other Supporting Documents |
|
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Canara Bank Education Loan: Application Process
Applying for an education loan with Canara Bank involves several simple steps. Here’s a detailed guide to help you through the process.
1. Visit the Local Canara Bank Branch
Head to your nearest Canara Bank branch to inquire about the available student loan options. This will give you a clear understanding of what they offer.
2. Explore Education Loan Options
Investigate the specific Canara Bank education loan schemes designed for studying in India or abroad, including the associated interest rates. This information will help you assess the financial aspects of your loan.
3. Select the Right Loan Product
Identify the loan product that best fits your needs for education. Consider your eligibility criteria and the extent of coverage provided by each loan option.
4. Gather Required Documentation
Obtain a comprehensive list of documents needed to start the loan application process. This will ensure you have everything prepared for a smooth application.
5. Submit Your Application
Return to the bank with all the necessary documents to initiate the processing of your study abroad loan application. This will set your loan request in motion.
6. Approval and Disbursement
Upon successful verification and approval, the bank will issue a sanction letter detailing the loan amount, terms, and conditions.
Also Read: How to Apply for Education Loan in India- Complete Process
Minimal Documentation. Higher Chances of Approval. Easy Online Processes. Check Your Eligibility.
Canara Bank and Other Education Loan Providers: A Comparison
| Feature | Bank of Baroda | State Bank of India | Canara Bank | Axis Bank | Bank of India | Propelld |
| Applicable Rate of Interest | Depending on the institution, it ranges from MCLR+ 0.75% to 10.05% |
|
9.25- 11.35% | Not specified | 8.35 - 11.05% | 12% pa onwards |
| Max Loan with Collateral | INR 40 Lacs |
|
100% of the Collateral Value | 10 Lacs |
|
|
| Max loan without collateral | INR 80 Lacs |
|
7.5 lacs | 10 Lacs | INR 7.5 Lacs | 50 Lacs |
| Processing Fee | Nil | Up to INR 4 Lakhs: No, Above INR 4 Lakhs: INR 5,000 |
|
Nil | No Margin up to 4 Lacs | 1-3% of the loan amount |
| Repayment Period |
|
15 years | 15 years | 7 Years | 15 Years | 15 Years |
| Margin | Nil | Scholar Loan Scheme: Nil | 10% |
|
Nil up to 4 Lacs | 1st year- 20% Margin, Other years- Nil |
| Loan Security |
|
|
Co-obligation of parents/guardians as joint co-borrowers | Third-party guarantee, Collateral security, Assignment of LIC policy (100% of the loan amount), Assignment of future salaries | Collateral required for loans above 7.5 Lacs | Collateral not required |
| Processing Time | N.A | 20 days | 15 Days | 14 Days | 15-20 days | 10 times faster than Banks |
In conclusion, Canara Bank's education loan options are designed to support students in achieving their academic goals, offering solutions for various institutions and programs. With competitive interest rates and a diverse range of approved colleges under the Canara bank education loan college list, the bank stands out as a valuable partner in financing education. Whether you're aiming for top-tier institutions or specialised programs, Canara Bank's comprehensive education loan offerings can help turn your academic ambitions into reality.
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Why Propelld?
The following are the primary advantages of Propelld.
| Feature | Details |
|---|---|
| Max Loan Amount | 50 Lacs |
| Collateral | Not Required |
| Moratorium | Available |
| Processing Time | 10 Times Faster than Banks |
| Disbursal Time | 7 Days |
| Approval Rate | Higher than Banks |
| Special USP | Marks Based Approval |
| % Financed | 100% of Fees |
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