Star Education Loan
Star Education Loan
"Start Education Loan" by Bank of India is a specialized financial product designed to provide financial assistance to students pursuing higher education in India. This loan scheme is tailored to support the educational aspirations of individuals and ensure that lack of funds does not hinder their academic journey.
Documents Required
Eligibility Criteria
New
World Bunts Foundation Trust Education Loan
World Bunts Foundation Trust
₹ 4,00,000
31 December
Engineering
Medical
Bachelors
Masters
Saraswathi Educational Support Trust Education Loan
Saraswathi Educational Support Trust
₹ 20,00,000
31 December
All
Jayoti Vidyapeeth Womens University Education Loan
Jayoti Vidyapeeth Womens University
₹ 1,00,000
31 December
Engineering
Bachelors
Masters
Suman Ramesh Tulsiani Charitable Trust Education Loan
Suman Ramesh Tulsiani Charitable Trust
₹ 2,00,000
31 December
All
New
World Bunts Foundation Trust Education Loan
World Bunts Foundation Trust
₹ 4,00,000
31 December
Engineering
Medical
Bachelors
Masters
Saraswathi Educational Support Trust Education Loan
Saraswathi Educational Support Trust
₹ 20,00,000
31 December
All
Jayoti Vidyapeeth Womens University Education Loan
Jayoti Vidyapeeth Womens University
₹ 1,00,000
31 December
Engineering
Bachelors
Masters
Suman Ramesh Tulsiani Charitable Trust Education Loan
Suman Ramesh Tulsiani Charitable Trust
₹ 2,00,000
31 December
All
List of Benefits
Other Requirements & Procedures
Security: Up to Rs. 4 lacs: Parent(s) or co-borrower as joint borrowers. Obtention of cover under CGFSEL is mandatory. Above Rs. 4 lacs & up to Rs. 7.50 lacs: Parent(s) or co-borrower as joint borrowers. Obtention of cover under CGFSEL is mandatory. Above Rs. 7.50 lacs: Parent(s) or co-borrower as joint borrowers. Tangible collateral security of suitable value. Assignment of future income of the student for payment of installments. Rate of Interest: For loans up to Rs. 7.50 lacs: 1 Year RBLR + 1.70%. For loans above Rs. 7.50 lacs: 1 Year RBLR + 2.50%. Charges: No processing charges. VLP portal charges of Rs. 100.00 + 18% GST. Charges for any deviation from the scheme norms. Repayment Period: Moratorium up to the course period plus 1 year. Repayment period: 15 years from the date of commencement of repayment. Coverage under Credit: Educational Loans up to Rs. 7.50 lacs are eligible for coverage under CGFSEL.
Other Conditions
Other Requirements
Below are the key features and benefits of the Start Education Loan: Advantages: No documentation charges. No hidden charges. No prepayment penalty. NIL processing charges. No collateral security required up to Rs. 7.50 Lakhs. Nil margin up to Rs. 4.00 Lakhs. Takeover of loan facility from other banks available. Features: Education loans for higher studies in India, covering regular full-time Degree/Post Graduation courses. Loan amount up to Rs. 150 Lakhs considered for both medical and non-medical courses. Quantum of Loan: Maximum Rs. 150.00 Lakh for Medical courses (excluding Nursing) and non-medical courses. Need-based finance to meet expenses, subject to earning potential of students upon completion of the course. "Start Education Loan" is a comprehensive financial solution that strives to make quality education accessible to deserving students, fostering their academic growth and future success.
How To Apply
Steps to be followed: 1. Visit our official website. 2. Click on register 3. Login and apply 4. Fill the required details in the form 5. Upload relevant documents 6. Review and Submit the application.
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"Start Education Loan" by Bank of India is a specialized financial product designed to provide financial assistance to students pursuing higher education in India. This loan scheme is tailored to support the educational aspirations of individuals and ensure that lack of funds does not hinder their academic journey.