Public sector bank

Canara Bank

Vidya Turant, IBA education loan

Premier Indian institutes that sit on the Vidya Turant list.

Canara Bank Vidya Turant page, 2026. The page states a start of 6.85%, with 7.10% also shown.

What to know

Vidya Turant is the collateral-free product for selected IITs, IIMs, NITs, IISc, ISB, and other listed colleges.
Processing fee and margin are nil on that scheme.
Eligible files can also be considered for the central interest subsidy.

Interest: From 6.85%
Maximum: Need-based. Premier lists go higher than the standard IBA caps.
Without collateral: Collateral-free for institutes on the Vidya Turant list.
Tenure: Up to 15 years after the moratorium
Processing fee: Nil on Vidya Turant.
Margin: Nil on Vidya Turant.
Moratorium: Course period plus up to 12 months
Girl student: Many public-sector schemes give girl students 0.50%. Confirm it is written on the sanction.
Typical speed: About 2–4 weeks
Covers: India and abroad

Admission letter or college allotment, plus the fee structure.
KYC for the student and co-applicant: PAN, Aadhaar, and passport-size photographs.
Academic records: Class 10, Class 12, and degree marksheets.
Co-applicant income proof: salary slips or ITR, and six months of bank statements.
Collateral papers only when the loan is above the unsecured limit.

The bank or NBFC sanctions the loan. This page is a briefing so you can compare, not an offer.