This is a companion discussion topic for the original entry at https://www.gyandhan.com/blogs/public-sector-bank-education-loan
This is a companion discussion topic for the original entry at https://www.gyandhan.com/blogs/public-sector-bank-education-loan
Hi Gyandhan Team,
I have a question regarding Canara bank education loan. I want to apply for education loan for my studies abroad in Canada through Canara bank, but I have heard some counsellors telling Canara doesn’t disburse amount for GIC. They only reimburse it after visa if needed. Is this true?
The consultants are right. Third-party fund transfer is allowed. However, it will be a difficult and lengthy process, and the student has to give prior authorization to the bank.
Banks that provide GIC and meet the eligibility criteria are -
[Student Direct Stream: Who can apply - Canada.ca - Find more financial institutions here.]
- HSBC Bank of Canada
- Scotiabank
- SBI Canada Bank
- ICICI Bank Canada
- Royal Bank of Canada
It would be easier to go through them. Again, I would suggest researching if the bank has enough branches in Canada. For example, ICICI Bank has limited branches in Canada.
Useful links -
I hope this answer helps you. For any further questions or doubts, do post on this thread and I will get back to you. All the best!