Education Loan for Canada
Education Loan for Canada @ 9.33% Only!
Education Loan is a financial help offered by the Banks and NBFCs to help a scholar in pursuing Valuable Education. Different Banks in India offers finance which may vary according to the university or college and customers’ requirement. For studies in India, banks offer a maximum Education Loan amount of 10 lakh rupees, and for abroad studies, it is up to 20 lakh rupees. It may vary according to the banks or NBFCs.
Canada is a beautiful country in North America, having ten provinces and three territories. It is Worlds’ 2nd largest country by total area and forms Longest Land Border with the United States. More than 1,50,000 students from other countries go to Canada to pursue higher education. Canada has many quality and high ranked institutions where students want to study. Canada provides a safe, secure and healthy environment for the students. Thats’ why it has a good name among the students. The famous courses in Canada are engineering, language, agriculture, design, mass communication, journalism, fine arts, business studies and management, multimedia.
If you have a dream to study in Canada, you can avail an Education Loan. Avail the Best Education Loan for Canada with the help of Dialabank.com on Lowest Interest Rates with Easy norms and Flexible schemes. Fulfil your dream of pursuing higher education to live a stable, comfortable and happy life. Enjoy the personalized and Doorstep Services of Dialabank.
We provide Education loans for all institutions in Canada. These are the top ten colleges in Canada:
|
Rank |
University Name |
|
1 |
Mc Gill University |
|
2 |
University of Toronto |
|
3 |
University of British Columbia |
|
4 |
University of Alberta |
|
5 |
Queen’s University |
|
6 |
Universite de Montreal |
|
7 |
University of Waterloo |
|
8 |
McMaster University |
|
9 |
University of Western Ontario |
|
10 |
University of Calgary |
Education loan features
- Repayment starts either 1 year after course completion or 6 months after obtaining employment (whichever is earlier).
- You can also avail the tax rebate offered under Section 80-E of the Income Tax Act 1961 for the entire interest amount paid towards your education loan.
- Education loans are available for a maximum tenure of 15 years.
-
Education Tuition fees, Admission fees, travelling, books, laptops and other expenses are all covered under education loans.
Education Loan Eligibility Criteria
- You need to be a Resident Indian
- Your age should be between 16 – 35 yrs.
- COLLATERAL is required for all loans greater than Rs. 7.5 Lakhs.
- All Loans require a co-applicant.
Documents required for Education Loan
|
CATEGORY |
APPLICANT (STUDENT ) |
|
KYC (KNOW YOUR CUSTOMER ) |
AGE PROOF |
|
SIGNATURE PROOF |
|
|
IDENTITY PROOF |
|
|
RESIDENCE PROOF |
|
INCOME DOCUMENTS – Education Loan for Canada |
|
|
SALARIED
|
Latest 2 Salary Slips carrying the date |
|
Latest 6 Months Bank Statement of the Salary Account. |
|
|
SELF-EMPLOYED |
Last 2 Year ITR with Computation of Income |
|
Last 2 Years Audited Balance Sheet |
|
|
Last 6 Months Bank Statement |
|
|
Proof of Turnover (Latest Sales / Service Tax Return) |
|
|
SELF-EMPLOYED PROFESSIONALS |
Last 2 Year ITR with Computation of Income |
|
Last 2 Years Audited Balance Sheet / P& L |
|
|
Last 6 Months Bank Statement |
|
|
Proof of Qualification |
|
|
OTHERS |
Completed Application Form |
|
Latest Photograph (Signed Across) |
|
Live Your Dream of Pursuing Studies from Canada. Don’t miss the opportunity. We are here with this Easy and Simple Education Loan.
FAQs For Education Loan
✅How long does it take for an education loan to be sanctioned?
It takes 15 days for an education loan to be sanctioned.
✅Will the education loan interest be the same throughout the entire course?
The education loans are offered at a floating rate of interest, so the rate of interest may increase or decrease depending upon the external economic conditions and internal company policies.
✅What expenses does an education loan cover?
Yes, an education loan covers tuition fees, living expenses, travelling, books, laptops, a thesis and other education-related expenses.
