Bank of India Star Education Loan for Studies Abroad

The Bank of India Star Education Loan for Studies Abroad is an education loan product that provides financing for full-time undergraduate and postgraduate degree courses abroad. It enables loans up to INR 150 lakh and can cover tuition, books, equipment, laptops and optional insurance. The loan offers a moratorium period covering the course duration plus one year and a repayment period of up to 15 years from commencement of repayment.

Financing up to INR 150 lakh; coverage of tuition, books, equipment, computer/laptop and hostel fees; optional term insurance; moratorium for course period plus one year; long repayment period (up to 15 years).

Indian nationals with secured admission in a recognized institution abroad for approved full-time degree or postgraduate courses after completion of HSC (10+2); loan eligibility may consider employability of the student and the reputation of the institution.

Submit completed application form with proof of admission, identity documents, passport photos, educational records, income proof of co-applicant/parents, bank statements and course expense plan to Bank of India branch or through bank's application procedures.