Bank Of India Education
Loan EMI Calculator

Loan Amount (₹)
Interest Rate (%)
Tenure (Yrs)
EMI
0

EDUCATION LOAN UPTO 30 LACS FOR PREMIER INSTITUTES IN INDIA
Interest
Rate

Loan limit Interest Rate
Upto 30 lacs 9.80-10.40%
Loan Amount &
Security

Secured Unsecured
- Upto 30 Lacs (For List A colleges)
- Upto 20 Lacss (For list B colleges)
- Upto 10 Lacs (For list C colleges)
Charges &
Repayment

Processing fees Nill
Repayment period 15 years
Moratorium period Course of study + 12 months
Eligibility
Criteria

  • Indian National
  • Secured admission into premier institute
Key Benefits &
Coverage

Financing
  • 100%
Concessions
  • 0.50% concession subject to minimum base rate
  • 1% concession on ROI if interest is serviced promptly as and when applied during moratorium period.
Course covered
  • Regular full time Degree/ Diploma Courses through entrance test/ selection process.
  • Executive Management Courses like PGPX
  • No Certificate/ Part time courses
Expenses covered
  • College fees, book & laptop purchase, travel expenses and any education related expenses.
Required
Documents

Student Co-Borrower
KYC
  • Aadhaar
  • 2 passport photo
  • Aadhaar & Pan card
  • residence proof
EDUCATION
  • Admit letter
  • cost of study statement
  • X & XII mark sheet
    ---
INCOME
  • Pan card
  • 6 months bank account statement
  • 6 months bank account statement
  • ITR of last 2years(If Income tax payee) /form 16
  • Income proof(salary slip )
SECURITY
    ---
  • Assets and liabilities brief statement