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Re: Bank Of India Education Loan Interest Rate
: Bank of India provide education loan for students. Eligibility Criteria : Branch nearest to the permanent residence of student will consider the loan. Good academic career. Should be an Indian Father/Mother should be co-borrower. The student should not have outstanding education loan from any other Institution. Secured admission to professional/technical courses in India or Abroad through Entrance Test/Merit based selection process. COURSE : Studies in India (Indicative list) : 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 diploma/degree courses conducted by colleges/universities approved by UGC/Govt./AICTE/AIBMS/ ICMR, etc. Studies abroad : 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. QUANTUM OF FINANCE : Studies in India – Maximum Rs.10.00 lakh Studies abroad – Maximum Rs.20.00 lakh. MARGIN :Upto Rs.4 lakh : Nil Above Rs.4 lakh – Studies in India : 5% Studies Abroad : 15%• Scholarship could be included in margin.• Margin to be brought in on year to year basis as and when disbursements are made. |
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