Corporation Bank is a 110 years old bank, headquartered in the city of Mangalore, India. It is a public sector bank that offers a wide range of banking services to customers across the country.

The Information About the Education Loan of the Corporation bank is given below

The purpose of Corporation Bank Education Loan is to help Indian students pursue studies in India or abroad, without having to worry about the cost of education.


Amount of Education Loan:
The maximum loan amount offered is Rs.10 lakhs for pursuing courses in India and Rs.20 lakhs for pursuing courses abroad.

Interest Rates:
The interest rates for Corporation Bank Education Loan are as follows:

12.10% for loan amounts of Rs 4 lakhs or below
13.10% for loan amounts of Rs 4 lakhs – 7.50 lakhs
12.60% for loan amounts above Rs 7.50 lakhs


Repayment Tenure:
Repayment Period

For loan amounts of Rs 7.50 lakhs or below, the repayment tenure is fixed at 10 years, excluding the moratorium period.

For loan amounts above Rs 7.50 lakhs, the repayment period is fixed at 15 years, excluding the moratorium period.

Moratorium period (repayment holiday)

Duration of the course plus 1 year or 6 months after getting employed.