Which banks provide loans for Canada education?


Several banks and financial institutions in India provide education loans for studying in Canada. At Pollster Education, we regularly assist students in securing loans from both public sector and private sector banks, as well as Non-Banking Financial Companies (NBFCs). Here is a comprehensive list of popular options:

Public Sector Banks (Government Banks)


1. State Bank of India (SBI)
- SBI Global Ed-Vantage Scheme
2. Bank of Baroda
- Baroda Scholar
3. Punjab National Bank (PNB)
- PNB Udaan
4. Canara Bank
5. Bank of India
6. Union Bank of India

Private Sector Banks


1. HDFC Bank
- HDFC Credila (specialized education loan division)
2. ICICI Bank
3. Axis Bank
4. IDFC FIRST Bank
5. Kotak Mahindra Bank

NBFCs (Non-Banking Financial Companies)


1. HDFC Credila
2. Avanse Financial Services
3. Auxilo
4. InCred
5. Prodigy Finance (for select universities and programs, often collateral-free)

Key Features of Education Loans for Canada:


- Loan Amount: Up to ₹50 lakhs or more, depending on the institution and collateral.
- Coverage: Tuition fees, living expenses, travel, study materials, and more.
- Collateral: Higher loan amounts may require collateral/security.
- Interest Rates: Typically range from 9% to 14% per annum (varies by bank and profile).
- Moratorium Period: Usually course duration plus 6-12 months.
- Repayment Tenure: Up to 15 years.
- Pre-visa Disbursement: Some banks/NBFCs offer pre-visa (GIC) disbursement to meet Canadian visa requirements.

How Pollster Education Can Help:


- Loan eligibility assessment
- Guidance on documentation
- Bank/NBFC tie-ups for faster processing
- Support with GIC (Guaranteed Investment Certificate) for Canada visa

Would you like personalized assistance in selecting the best loan provider based on your profile and university? Feel free to call us at +919324480791 or email info@pollstereducation.com, or visit our office at 8, Alankar Building, 1st Floor, Balaram Street, Above Bank of India, Grant Road (E), Mumbai.

Let us know if you need details about the loan application process or specific bank schemes!
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