#1  
1st December 2015, 08:00 PM
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On what basis Bank of India offers an Education Loan for Master of Hotel Management program? What are the interest charges of Bank of India Education Loan?


Hello Sir,
I want to get an education loan from Bank of India for my Master of Hotel Management program. I want to know about the extra amount the Bank charge for sponsor an education loan and tell me on what base Bank will gives an education loan?





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  #2  
2nd January 2016, 10:41 PM
SudeepKumarSaha
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Join Date: Dec 2013
Location: India
Posts: 8,583
Default Re: On what basis Bank of India offers an Education Loan for Master of Hotel Management program? What are the interest charges of Bank of India Education Loan?

The factors involved in education loan are :-

- Institute in which course is to be pursued.
- Academic profile of the concerned candidate.
- Income of the family and assets owned.
- Compliance with terms and conditions and norms.

The interest rate charged by Bank of India fluctuates between 13-14.5 percent. The interest is accounted as simple interest for the entire study period.




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