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Thursday, 17-May-2012
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iconBOI STAR VIDYA LOAN SCHEME

EXCLUSIVE EDUCATION LOAN SCHEME FOR STUDENTS OF PREMIER EDUCATIONAL INSTITUTIONS

Eligibility: Students should be Indian National.
Secured admission in select Premier Educational Institutions in India, through Entrance
Courses covered Regular full time Degree/Diploma courses (certificate / part-time courses not covered)
Quantum of loan Max. Rs.15.00 lacs (Based on Institutions and courses)
Rate of Interest 2% over Base Rate, (floating), p.a. at monthly rests.
Additional concession:
(a) 1% int. concession for girl students.
(b) 1% int. concession for
servicing of interest during study/moratorium period.
Margin
Upto Rs.4.00 lacs NIL
Above Rs.4.00 lacs 5%

Security Parents/Guardians to join as Co- borrowers. Additionally, third party guarantee of suitable worth for
Repayment period Moratorium upto course period plus six months.
Max. repayment period : 7 years.
Repayment 12 to 60 months, commencing one month after full disbursement/ three months after first disbursement, whichever is earlier.
Expenses covered Fees payable to college/school/hostel/ Examination/Library Fees. /
Purchase of books/equipment / instruments.
Purchase of computer/laptop Any other expenses related to education.
All other terms & conditions as per normal education loan scheme.

 

Announcement

Watch recorded webcast for Press Meet 30.04.2012

Watch recorded webcast for Analyst’s Meet 30.04.2012

Analyst Presentation for 31.03.2012

Financial Result for year ended 31.03.2012

Any complaint regarding NEFT transactions during 20.02.2012 to 6.03.2012 may be escalated to email ID Special.NEFT@bankofindia.co.in or on telephone No. 022-22886680 for immediate resolution.

Chairman & Managing Director's Message & Address

Bank has decided to decrease the Bank’s Base Rate from 10.75% p.a. to 10.50%p.a. and BPLR from 15.00% p.a. to 14.75% p.a. with effect from 01.05.2012


Interest Subsidy for Education Loans

The Managing Committee of the Indian Banks’ Association has appointed Shri Alok K Misra , Chairman and Managing Director, BANK OF INDIA as Deputy Chairman of the Association

Pension Calculator is available on Knowledge Portal front page

Press release launching of Mobile Based Remittance, Urban Financial Inclusion and two factor Authentication

Notice for Debit and ATM cardholders

Forex Card Rate
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