Check your Canara Bank education loan eligibility. Rate: 8.00 - 10.75% p.a. Max amount: ₹1 Cr.
Canara Bank offers education loan at an interest rate of 8.00 - 10.75% p.a. with a maximum tenure of 15 years. The maximum loan amount is ₹1 Cr with a minimum monthly income requirement of ₹15,000.
| Loan Amount | Monthly EMI | Total Interest | Min Income Required |
|---|---|---|---|
| ₹5 Lakh | ₹7,793 | ₹1,54,612 | ₹14,987/mo |
| ₹7 Lakh | ₹10,910 | ₹2,16,440 | ₹20,981/mo |
| ₹10 Lakh | ₹15,586 | ₹3,09,224 | ₹29,974/mo |
| ₹15 Lakh | ₹23,379 | ₹4,63,836 | ₹44,960/mo |
| ₹20 Lakh | ₹31,172 | ₹6,18,448 | ₹59,947/mo |
| ₹25 Lakh | ₹38,966 | ₹7,73,144 | ₹74,935/mo |
| ₹30 Lakh | ₹46,759 | ₹9,27,756 | ₹89,922/mo |
| ₹40 Lakh | ₹62,345 | ₹12,36,980 | ₹1,19,895/mo |
Canara Bank Education Loan interest rate ranges from 8.00 - 10.75% p.a. in 2026. The actual rate depends on your credit score, income, and loan amount.
Canara Bank offers a maximum education loan of ₹1 Cr with a tenure of up to 15 years.
The processing fee for Canara Bank Education Loan is Nil.
Canara Bank Education Loan prepayment policy: Nil.
The minimum monthly income required is ₹15,000. Use the calculator above to check your exact eligibility based on your income.