[nilesh]

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Hello sir, please provide me here interest rates for bank of India education loan? How many percentage interest rates are provided by bank of India education loan?

[prince karak]

The Bank of India was founded in 1906. This bank is founded with a paid-up capital of Rs.50 lakh. The bank is in the forefront of introducing various innovative banking and financial products.

To serve the ever-growing banking needs of Indians, Bank of India offers services in areas like personal finance, business banking, deposits and SME services.

The bank of India has two Objectives:

BOI Star Education Loan:
The Star Education Loan is provided for students who wish to pursue higher studies in India and abroad.

BOI Star Vidya Loan:
This exclusive education loan scheme is for students who have secured an admission at premier educational institutions in India like IITs and IIMs.

Interest rates are provided by bank of India education loan:



BOI Star Vidya Loan:
Institute Type Maximum Loan amount offered
Institutes under List “A” Rs.20 lakhs
Institutes under List “B” Rs.10 lakhs
Institutes under List “C” Rs.7.50 lakhs


Interest Rates:
BOI Star Education Loan:
Loan Amount/ Applicant Type Interest Rate
Up to Rs.7.50 lakhs 3% above the base rate
Above Rs.7.50 lakhs 2.50% above the base rate
Women Beneficiaries Concession of 0.5% per annum for limits up to Rs.50,000 and 1% for limits over Rs.50,000
Loan for Professional courses Concession ranging from 0.5% to 1%
If interest is serviced during moratorium 1% concession

BOI Star Vidya Loan:
Institute Type/Applicant Type Interest Rate (Floating)
For students of IITs/IIMs 9.95% (At the base rate)
For students of premier institutes under A, B and C category 10.45% (0.50% over the base rate)
Girl students 0.50% concession subject to minimum base rate