Education and Career Forum

I want to know that what is the maximum amount I can get in an education loan of Bank of India Education Loan Scheme so that I can study MS course in Abroad? I am interested to do MS in Abroad so I want to get an education loan and I got a positive feedback of this scheme of education loan.

You can get maximum Rs. 20 lacs under Bank of India Education Loan Scheme to study MS in Abroad. In order to avail education loan from Bank of India, you should be an Indian National and have secured admission to MS in recognized institutions in Abroad through Entrance Test/Merit based selection process. You should not have outstanding education loan from any other institution in order to be eligible.

For more info;
https://www.bankofindia.co.in/EducationLoan

The maximum amount offered under Bank of India Education Loan Scheme for pursuing MS in Abroad is Rs. 20 lakhs.

Candidates who have secured admission to higher education course in a recognised college/ university are eligible to apply for Bank of India Education Loan.

Originally Posted by Unregistered

I want to know that what is the maximum amount I can get in an education loan of Bank of India Education Loan Scheme so that I can study MS course in Abroad? I am interested to do MS in Abroad so I want to get an education loan and I got a positive feedback of this scheme of education loan.

Students can get a maximum of Rs 20 Lakhs for studying MS in abroad under Bank of India Star Education Loan scheme.
Students can get the BOI Star Education Loan for job oriented professional or technical courses offered by reputed colleges or universities in abroad. Students can also get the BOI Star Education Loan for studying MS, MCA, MBA, etc. in abroad and courses conducted by CIMA – London, CPA in USA, etc. Students can get a maximum of Rs 10 Lakhs for studies in India under Bank of India Star Education Loan scheme.

Maximum amount to get under Bank of India Education Loan Scheme to study MS in Abroad are as follows:-
To study in India - Maximum 10 Lakhs
To study in Abroad - Maximum 20 Lakhs

You can get upto Rs. 20 lakhs education loan from Bank of India for pursuing MS course in Abroad. To get an education loan of above Rs. 7.5 lakhs, you have to submit the collateral security documents as proof of admission to bank for processing your education loan. You should have secured admission to higher education course in a government recognised college/ university in Abroad to be eligible to apply for Bank of India Education Loan.