7th October 2016, 06:25 PM
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Margin under Education Loan scheme of Bank Of India for studying in IIM?

I am preparing for CAT and looking forward to join IIM. I have a Savings Account in Bank Of India. Will you please let me know what type of margin is available in the Education Loan scheme of Bank Of India? Please help me to know about this.

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8th October 2016, 06:38 PM
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Join Date: Dec 2013
Location: India
Posts: 8,583
Default Re: Margin under Education Loan scheme of Bank Of India for studying in IIM?

The margin under education loan scheme depends on the amount you are seeking as education loan. The higher the amount, the higher will be the marginal amount.

- Upto Rs.4 lakhs:Nil
- Above Rs.4 lakhs - Studies in India : 5%
Studies Abroad : 15%
If you seek Star Vidya loan by seeking admission in top premier institutes, then there will be no marginal amount required for the education loan.
Do you have any question? or have anything to say?

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