Bharat Overseas Bank education loan - Student Loan in India

Bharat Overseas Bank education loan Scheme

A boon for students with a academic record and an ambition to go places. A unique loan scheme for Post Graduate and Professional courses of study in recognized institutions / Universities both in India and abroad. Tuition fees, hostel fees, cost of books, examination fees and airfare (in case of study abroad) are covered by the scheme.

Coverage of Expenses

Tuition fees
Hostel fees
Cost of books
Examination fees and airfare (in case of study abroad)

Exclusive features:

   Maximum loan amount is Rs.7.5 lakhs for education in India
and Rs.15 lakhs for education abroad

   Loan repayment period is 5 to 7 years

   Interest rates: Only PLR (13.5% at present) for over Rs.4 Lakhs   and a reduction of 1% for loans less than Rs.4 lakhs*

Also See

Public Sector Banks to offer Insurance linked Education Loans