COMPARE : EDUCATION LOANS
Bank of India Education Loan
Introduction
The Star Educational Loan Scheme aims at providing financial support from the bank to deserving/ meritorious students for pursuing higher education in India and abroad. The main emphasis is that every meritorious student is provided with an opportunity to pursue education with the financial support to get the loan.
Highlights
  Study Abroad Study India
Course Graduation Graduation
Loan Type Term Loan Term Loan
Loan Purpose Graduation : For job oriented professional/technical courses offered by reputed universities.
Post Graduation : MCA, MBA, MS, etc.
Courses conducted by CIMA - London, CPA in USA, etc.
The loan is provided for Graduation/ Post Graduation courses
Professional courses : Engineering, Medical, Agriculture, Veterinary, Law, Dental, Management, Computer, etc
Courses conducted by IIM, IIT, IISc, XLRI, NIFT, NID and other Institutes set up by Central/State Govt.
Other courses leading to diploma/degree, etc. conducted by colleges/universities approved by UGC/Govt./AICTE/AIBMS/ ICMR, etc.
Loan Amount Min. - Rs 50000
Max. - Rs 2000000
Min. - Rs 50000
Max. - Rs 1000000
Margin Money Upto Rs.4 lakh : Nil
Above Rs.4 lakh : 15%
Upto Rs.4 lakh : Nil
Above Rs.4 lakh : 5%
Tenure Min. - 1 Yrs.
Max. - 15 Yrs.
Min. - 1 Yrs.
Max. - 15 Yrs.
Interest Rate Upto Rs.7.50 lacs – 3% above Base Rate, 13.20%
Above Rs.7.50 lacs – 2.50% above Base Rate, 12.70%

Int. Concession of 0.50%p.a. for woman beneficiaries for limits up to Rs.50,000/- and 1% for limits over Rs.50,000/-
Upto Rs.7.50 lacs – 3% above Base Rate, 13.20%
Above Rs.7.50 lacs – 2.50% above Base Rate, 12.70%

Int. Concession of 0.50%p.a. for woman beneficiaries for limits up to Rs.50,000/- and 1% for limits over Rs.50,000/-
Time to Process Loan 7 days 7 days
 Fees & charges
 Eligibility Criteria
 Security
 Terms & Conditions
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