Education and Career Forum

I want to know about the details of subsidy scheme of Education Loan Scheme available in Bank of India? I am going to apply for an education loan in this bank as I am interested to study BTech course. So, I want to know about the subsidy scheme first.

Education loan availed from.any scheduled bank for persuing any of the approved professional course from recognised institution in India are eligible for subsidy.

Students whose parental income is less than 4.5 lacs per annum are eligible to apply for subsidy.

Under CSIS scheme, only those education loan are eligible which are sanctioned without any collateral security and third party guarantee and subsidy is available upto maximum of 7.50 lacs irrespective of sanction amount.

0.50% concession in interest rate is provided to female candidates.