Fees & Charges
Promised Interest Rate
"It was a good experience with bank of india related to the education loan.The process was not hectic with them.They are no hidden process and everything based on service was transparent with this bank.I may recommend the service to others as well."
Any of the following courses, as offered by recognized universities, is eligible for an education loan in India-
Generally, there are no restrictions. Most banks and financial institutions do not impose this rule. However, certain lenders do mark an age limit spanning from 16-35 years.
Not immediately. However, after you start repaying, you are free to deduct the loan interest amount from your total income when calculating tax.
The applicant is expected (and mandated) to submit his/her progress reports periodically. The progress reports could be mark sheets or a suitably attested letter from the applicant’s school/college.