2023 2024 EduVark > Education Discussion > General Discussion


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March 21st, 2013, 06:36 PM
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Join Date: Mar 2012
Bank of India Education Loan Scheme

Please provide me the Bank of India Education Loan Scheme information?

You are looking for the Bank of India Education Loan Scheme information, i am giving here:

Education Loan

Eligibility:

The applicant should be an Indian National.

The applicant should have secured admission to professional/technical courses in India/Abroad through Entrance Test/Merit based selection process.

Repayment
Maximum period The loan is to be repaid in 5-7 years after commencement of repayment.

Margin
Upto Rs.4.00 lakhs - Nil
Above Rs.4.00 lakhs
For Studies in India - 5%
For Studies Abroad - 15%

Interest rates:
For detailed interest rates here is attachment:
Attached Files
File Type: doc Indian Bank Educational Loan Interest Rates.doc (49.5 KB, 64 views)

Last edited by Neelurk; April 10th, 2020 at 01:50 PM.
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