Loan Amount | Education Loans for Canada

Using a student loan to pay for higher education is challenging. You must pick a product that not only covers your expenses but also does not burn a hole in your wallet. After all, an education loan is a ten-year financial commitment, so you should pick a package that will allow you to pay for your bachelor's degree while saving money.

Bank	Loan amount limit	Processing Fees	Loan tenure	Moratorium period	Margin Money
State Bank Of India	In India - up to 20 Lakhs For education outside India - up to INR 1.5 crore	INR 10,000 + GST	Maximum 15 years	Course period + 6 months	10%
Bank of Baroda	For India - Up to INR 60 Lakhs For education abroad - Up to INR 80 lakhs	INR 10,000 + GST	Maximum 15 years	Course period + 12 months	Above INR 4 lakhs - 10%
Canara Bank	Up to INR 40 lakhs	Nil	15 years maximum	Course duration plus 12 months	5 to 15%
Bank of India	For India - INR 10 lakhs For education abroad - INR 20 lakhs	For India - NIL For education abroad - INR 5000	15 years max	Course duration plus 12 months	15%
Central Bank of India	No upper limit	Loans up to INR 10 lakhs - INR 500 A loan above INR 10 lakhs - INR 1000	10 - 15 years	Course period + 6 or 12 months	15%
Indian Overseas Bank	For studies in India - INR 30 lakhs For abroad studies - INR 40 lakhs	Nil	15 years	Course period + 12 months	5% to 15%
IDBI Bank	20 lakhs	In India - Nil For education abroad - INR 5000 (refundable)	Up to 15 years	Course duration plus 6 months	10 to 15%
Karur Vysya Bank	For India - 10 lakhs For education abroad - 20 lakhs	Nil	Up to 7 years	Course period + 6 or 12 months	up to 15%
United Bank of India	For India - 10 lakhs For education abroad - 20 lakhs	Nil	10 - 15 years	Course period + 6 or 12 months	up to 15%
Union Bank of India	No upper limit	Nil	15 years	Course period + 12 months	15%
Indian Bank	For India - INR 15 lakhs For education abroad - INR 25 lakhs	-	10 to 15 years	Course duration	5 to 15 percent
UCO Bank	In India - 10 lakhs For education abroad - 20 lakhs	Nil	Up to 15 Years	Course duration plus 1 year	India - 5% Abroad - 15%
Punjab National Bank	INR 40 lakhs to INR 60 lakhs	1% of the loan amount	15 years	Course period + 12 months	15%
Oriental Bank of Commerce	For premium colleges - INR 20 lakhs For others - INR 10 lakhs	-	Up to 15 Years	Course period + 12 months	15%
Andhra Bank	INR 20 lakhs	-	5-7 years	Course period + 12 months	up to 15%

Some public banks provide loans in merger with other banks, see below the mergers.

Name of the bank	Merged with
Oriental Bank of Commerce	Punjab National Bank
Vijaya Bank	Bank of Baroda
Syndicate Bank	Canara Bank
Dena Bank	Bank of Baroda
Allahabad Bank	Indian Bank
Corporation Bank	Union Bank of India