HOW MUCH EDUCATION LOAN CAN I GET

How Much Education Loan Can I Get

How Much Education Loan Can I Get

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Canara Bank, PNB, and Bank of Baroda: A Comparison of Loan Limits 

Introduction

For students who choose to pursue higher education in India or beyond, public sector banks continue to be a reliable source of education loans. Among them, how much can I borrow for my education? Punjab copyright and Canara Bank(PNB), and Bank of Baroda (BoB) are major players offering student-friendly loan schemes. How Much Education Loan Can I Get? Each bank follows the Indian Banks' Association (IBA) model to a large extent, but with slight variations in loan limits, collateral requirements, and special schemes.

Quick Comparison Table: Loan Limits

































Bank Domestic Education Loan Limit Overseas Education Loan Limit Collateral-Free Limit With Collateral
Canara Bank ₹10 – ₹20 lakh Up to ₹40 lakh ₹7.5 lakh Up to ₹40 lakh (with security)
PNB ₹10 lakh ₹20 – ₹75 lakh ₹7.5 lakh ₹20 – ₹75 lakh (with security)
Bank of Baroda ₹20 lakh Up to ₹80 lakh ₹7.5 lakh ₹80 lakh or more

All three banks provide Vidya Lakshmi portal integration and take part in the Central Sector Interest Subsidy Scheme (CSIS).

  1. The Vidya Turant Scheme of Canara Bank



  • For pupils accepted into prestigious government universities, IITs, IIMs, and IISc

  • Discounted interest rates for female students

  • Moratorium: duration of the course plus one year


For Indian studies, 

  • standard loan of ₹10 lakh (without Vidya Turant)

  • ₹20 lakh for education abroad



  1. The Saraswati and Udaan schemes offered by Punjab copyright (PNB)



  • PNB Saraswati: How Much Education Loan Can I Get for Indian Institutions? General Education Loan

  • PNB Udaan: Specifically made for overseas education

  • Required collateral exceeds ₹7.5 lakh.

  • For top international universities (STEM/MBA programs), up to ₹75 lakh


Unique Qualities:

  • Tuition, travel, insurance, and living expenses are all covered.

  • Competitive interest rates range from 9.3% to 11.5%, roughly.



  1. Bank of Baroda: Baroda Scholar & Baroda Gyan Baroda Scholar:



  •  Up to ₹80 lakh in loans for prestigious international Colleges for study abroad.

  • Course length moratorium plus one year

  • Loans up to ₹7.5 lakh without collateral (typical IBA model)


Why is it notable?

  • The maximum typical loan amount offered by public banks

  • Partnerships with numerous international universities


Included in the Loan Coverage

Each of the three banks provides coverage for:

  • Fees for tuition

  • Costs of lodging and hostels

  • Examination fees and library fees

  • Visa, travel, and insurance (for studying abroad)

  • Equipment, literature, and a laptop


Conclusion

How Much Education Loan Can I Get in 2025? Competitive education loan programs with liberal limits and dependable government support are available from Canara Bank, PNB, and Bank of Baroda. Bank of Baroda offers the biggest standard loan limit among them (up to ₹80 lakh) for study abroad, and Canara Bank's Vidya Turant program is a fantastic choice for students attending prestigious universities. Top foreign courses might cost up to ₹75 lakh under PNB's Udaan plan.

Your decision should be based on your intended institution, whether you plan to stay in India or go outside, and whether you can offer collateral. Public education loans continue to be a secure, low-interest, and subsidy-supported way to finance your higher education objectives, regardless of the bank.

 

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