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Education Loan Vijayawada

    Education Loan @ 9.33%*

    Apply Now & Get The Best Offer

    Why Education Loan

    Education Loan will help you to meet all your funding requirements for higher education.

    • Education loan for Meritorious and Deserving students.
    • For students in India: Loan amount from 4 Lakhs to 10 Lakhs.
    • For students who wish to study abroad: Loan amount from 4 Lakhs to 20 Lakhs.
    • Best in class Interest Rate.
    • Education Loan for Degree/ Diploma courses.
    • Minimal documentation and Quick Approval.
    • Door Step Services.

    Education Loan Eligibility

    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.

    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:

    • Latest 3 months Bank Statement (where salary/income is credited)
    • Employment details:3 Latest salary slips
    • Proof of Continuity current job (Form 16 / Company appointment letter )
    • Proof of Qualification Highest Degree (for Professionals / Govt. employees)
    • Mark sheet of last qualifying examination for school and graduate studies in India
    • Proof of admission to the course
    • Schedule of expenses for the course.

    (If purchase of computer is involved, Certificate from the Institution with recommendations to be enclosed).

    • Two copies of passport size photographs from borrower / Co-obligate / guarantor

     

     

    Co-Applicant Self Employed Individuals & Professionals:

    • Bank Statements(latest 6 months bank statement /passbook)
    • Qualification proof of the highest professional degree
    • Latest ITR along with computation of income, B/S & P&L a/c for the last 2 yrs. certified by a CA
    • Proof of continuation (Trade license /Establishment /Sales Tax certificate)
    • Proof of income/copy of the land records.
    • Mark sheet of last qualifying examination for school and graduate studies in India
    • Proof of admission to the course
    • Schedule of expenses for the course.

    (If purchase of computer is involved, Certificate from the Institution with recommendations to be enclosed).

    • Two copies of passport size photographs from borrower / Co-obligate / guarantor