COMPARE : EDUCATION LOANS Bank of India Education Loan Introduction Bank of India Star Education loan scheme has been designed to provide financial support to the deserving / meritorious students for higher studies in India and abroad. Student should be an Indian National and have secured admission to professional /technical courses in India or abroad to get the loan. Highlights   Study Abroad Study India Course Post 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 Educational Loan Scheme outlined below 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 on affordable terms and conditions. No deserving student is denied an opportunity to pursue higher education for want of financial support Loan Amount Min. - Rs 50000 Max. - Rs 1500000 Min. - Rs 50000 Max. - Rs 1500000 Margin Money 15 % 5 % Tenure Min. - 1 Yrs. Min. - 1 Yrs. Interest Rate Int. Concession of 0.50%p.a. for woman beneficiaries Int. Concession of 0.50%p.a. for woman beneficiaries Time to Process Loan 7 days 7 days  Fees & charges   Fees & charges   Study Abroad Study India Pre-Payment Charges 1 % 1 %  Eligibility Criteria   Eligibility Criteria  Study Abroad   Study Abroad: Age Min.: 16 Yrs.   Max.: 55 Yrs. Documents Required: ID Proof Yes Age Proof Yes Residence Proof Yes Income Proof Yes Telephone Yes Photograph Yes Bank Statement Yes Signature Proof Yes  Study India   Study India: Age Min.: 16 Yrs.   Max.: 55 Yrs. Documents Required: ID Proof Yes Age Proof Yes Residence Proof Yes Income Proof Yes Telephone Yes Photograph Yes Bank Statement Yes Signature Proof Yes  Security   Security Upto Rs. 4 lakh : No security Above Rs.4 lakh & upto Rs.7.5 lakh : Collateral security in the form of a suitable third party guarantee. Above Rs.7.5 lakh : Collateral security of suitable value or suitable third party guarantee alongwith the assignment of future income of the student for payment of instalments. Show All Education Loans Refine your search  Select a Bank: Any Bank ICICI Bank Wizard home loans Magma Shrachi Finance Limited HDFC Bank Fullerton India Credit Company Kotak Bank of Baroda Bank of India Canara Bank HSBC Bank Standard Chartered Bank State Bank of India PNB AXIS BANK ABN AMRO Citi Bank Dena Bank American Express Corporation Bank Allahabad Bank UCO bank Deutsche Bank IndusInd Bank Barclays Indian Bank GE Money India Central Bank of India Tata Capital Limited Bank of Maharashtra Indian Overseas Bank Syndicate Bank Union Bank of India YES Bank Vijaya Bank Jammu & Kashmir Bank Centurion Bank of Punjab Andhra Bank Catholic Syrian Bank Federal Bank IDBI Bank Karnataka bank Oriental Bank of Commerce State Bank of Mysore State Bank of Patiala Bank Of Rajasthan Reliance Capital Ltd. ING Vysya Bank Karur Vysya Bank State Bank of Hyderabad State Bank of Indore State Bank of Bikaner and Jaipur State Bank of Travancore South Indian Bank Development Credit Bank Ltd. United Bank of India  Select a Category: Study India Study Abroad  Select Course: Graduation Post Graduation     Bank of India Products Bank of India Credit Cards Bank of India Auto Loans Bank of India Personal Loans Bank of India Fixed Deposits Bank of India Savings Accounts COMPARE QUICKLY  Select a product: Credit Cards Car Loans Home Loans Personal Loan Fixed Deposits Savings Accounts Education Loans   CALCULATE QUICKLY  Select a product: Credit Cards Car Loans Home Loans Personal Loan Fixed Deposits Savings Accounts Education Loans   EDITORS' PICKS A chronicle of excesses by loan recovery... Carnival of Indian Personal Finance Blogs #4 Collateral and co-applicant requirements... Complete guide to education loans in India Bank loans that could glitter for you