As you asking for the Educational loan of the Bank of India here I am giving you the information related to the Educational loan of the bank of India that is as follow:

Expenses Considered for BOI Education Loan:

For both the schemes, the expenses covered by the loan are as follows:
Fees payable to college, school or hostel
Cost of uniform, books, instruments and equipment
Examination fee, library fee and laboratory fee as applicable
Caution deposit, building fund and refundable deposit supported with authorized bills
Any other coursework related expenses like cost of study tour and project work

Amount of Education Loan:
BOI Star Education Loan: As subject to repayment capacity, a maximum of Rs.10 lakh is offered for studies in India. for studies abroad, loans up to Rs.20 lakh are offered.
Interest rates :

Interest Rate

Up to Rs.7.50 lakhs 3% above the base rate

Above Rs.7.50 lakhs 2.50% above the base rate

Women Beneficiaries

Concession of 0.5% per annum for limits up to Rs.50,000 and 1% for limits over Rs.50,000

Loan for Professional courses Concession ranging from 0.5% to 1%

If interest is serviced during moratorium 1% concession


Document required :
Address proof - Voter ID, Ration Card, Passport etc.,
Identity proof - Voter ID, Passport, PAN Card etc.,
Income details – PAN Card, Form 16, Form 60, Income Tax Returns, Salary Slips etc.,
Education Documents – SSC and HSC mark sheets, degree certificates.