PG Diploma Education Loan from Bank of India

What is the eligibility is required for Education Loan from Bank of India & also give more details?

The Bank of India Education Loan details are follows:

Education Loan

Student’s eligibility:

The applicant should be an Indian National.

The applicant should secured admission to professional/technical courses in India or Abroad through Entrance Test/Merit based selection process.

The applicant should Good academic career.

The student should not have outstanding education loan from any other Institution.
Father/Mother should be co-borrower.

Eligible courses:

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 courses leading to diploma/degree, etc, conducted by colleges/universities approved by UGC/Govt./AICTE/AIBMS/ ICMR, 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%•

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