Graduation, Post-graduation including technical / professional courses with employment potential conducted by colleges / Universities approved by UGC / Govt./AICTE/Department of Electronics / IMC, autonomous institutions like IIT,IIM etc. are the eligible courses in India and Job oriented, technical / professional courses- (graduation / post graduation) are the eligible courses to study abroad in BOI Education Loan.
- Need based finance is permitted within a maximum of Rs.7.50 lakhs for inland study and Rs.15 lakhs for study abroad.
- Institutions offering courses should have approval of Central Govt. & State Govt./University affiliation/Autonomous Institutes/AICTE/DOEACC.
(If purchase of computer is involved, Certificate from the Institution with recommendations to be enclosed). (If purchase of computer is involved, Certificate from the Institution with recommendations to be enclosed). Education Loan Documents
Documents Required for Education Loan:
Documents
Salaried
Self
ID Proof
Co-Applicants :Passport Copy/ Voters ID card/ Driving License/copy of PAN Card
Co-Applicants :Passport Copy/ Voters ID card/ Driving License/Copy of PAN Card
Address Proof
Co-Applicants :Ration card Telephone or electricity Bill/ Rental agreement/ Passport copy
Co-Applicants :Ration card Telephone or electricity Bill/ Rental agreement / Passport copy/Trade license /Establishment or Sales Tax certificate
DOB Proof
Co-Applicant’s and Student’s: Birth Certificate or 10th Class Passing Certificate
Co-Applicant’s & Student’s :Birth Certificate or 10th Class Passing Certificate
Financial Docs
Co-Applicant Salaried Individual:
Co-Applicant Self Employed Individuals & Professionals:
* Interest rate can vary as per individual’s portfolio.
* All loans repayment period are over 6 months. No short term loans.
* Credit at sole discretion of the Banks we have a tie-up with.
* The Organisation do not charge money from customers.