Education and Career Forum

Hello Sir, I am studying in 12th standard and preparing for Medical entrance exams. I want to do MBBS after my 12th. I am a female student and I want to apply for an education loan from Bank of India. Can I know that is it possible to get concession if I apply an education loan in this Bank?

Concession of 0.50% on rate of interest of education loan is provided to female candidates for pursuing MBBS course under Bank of India Education Loan Scheme. The interest rates of Bank of India Education Loan Scheme are mentioned below :-

--> For loans upto Rs. 7.5 lakhs :- MCLR + 1.70% per annum
--> For loans above Rs. 7.5 lakhs :- MCLR + 2.50% per annum.

Originally Posted by Unregistered

Hello Sir, I am studying in 12th standard and preparing for Medical entrance exams. I want to do MBBS after my 12th. I am a female student and I want to apply for an education loan from Bank of India. Can I know that is it possible to get concession if I apply an education loan in this Bank?

Female students can get 0.50% interest concession for education loans under Bank of India. For professional courses (medicine, engineering, management, etc.) interest concession is 0.50% under Bank of India education loan scheme. The female MBBS aspirant has to contact the Bank of India branch for more details. She can also find the details in the Bank of India website link given Click Here