Bank of India Star Vidya Loan Scheme

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Bank of India Star Vidya Loan Scheme is an exclusive Loan Scheme for students of Premier Educational Institutions.

Eligibility

Students should be Indian National
Secured admission in select Premier Educational Institutions in India, through Entrance Test /Selection process.

Courses

Regular full time Degree/ Diploma courses (certificate / part-time courses not covered).
Full time Executive Management courses like PGPX (For IIMs) are Lao covered.

Loan Details

Quantum

Institutes under List 'A' - Rs.20.00 Lacs
Institutes under List 'B' - Rs.10.00 Lacs
Institutes under List 'C' - Rs. 7.50 Lacs
Higher limit up to Rs. 30.00 lacs can be considered under the scheme with 100% tangible collateral security equal to loan amount.

For the list of Institutes, Click here

Coverage of Expenses

Fees payable to college / school / hostel / Examination / Library Fees.
Purchase of books / equipment / instruments.
Purchase of computer / laptop Any other expenses related to education.

Margin : Nil

Security :

No collateral Security
Parents/Guardians to join as Co- borrowers.
Assignment of future income

Rate of Interest

For interest rate check out this link, BOI Interest Rate

Concession in ROI to Girl Students: 0.50 % subject to minimum one year MCLR of the Bank.

Repayment

Moratorium up to course period plus 1 year.
Repayment period : 15 years from the date of commencement of repayment

Contact Details
Head Office - Bank of India
Star House, C - 5, "G" Block, Bandra Kurla Complex, Bandra (East),
Mumbai 400 051
Phone : 022-66684444
Fax : 022- 66684408
E-mail : Contact Now
Website : visit

Click here for the nearest bank branches

Note : Since the rules, regulations, eligibility conditions, repayments and interests rates etc. are revised by the banks from time to time in keeping pace with the changing capital market conditions, students and parents are advised to thoroughly check the terms and conditions of educational loan scheme on offer at the time of application.

Tags

Bank of India Education Loan , Premier Education Institute Loan

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