BOB
BOB Bank Education Loan for Abroad Studies
Planning to study abroad? BOB Bank Education Loan offers financial support to students aspiring for higher education in top international universities. With attractive interest rates, flexible repayment options, and high loan amounts, BOB ensures that your study abroad journey is smooth and stress-free.
Studying abroad is a dream for many, and BOB Bank Education Loan provides the necessary financial support to make it a reality. With competitive interest rates, high loan amounts, and flexible repayment options, BOB offers loans to help students pursue higher education in top international universities.
Types of Education Loans in BOB
BOB offers different education loan schemes based on student needs:
- BOB Student Loan Scheme
- BOB Scholar Loan Scheme
- BOB Global Ed-Vantage Loan
- BOB Education Loan Against Property
Overview of Education Loan Without Collateral BOB
BOB provides education loans without collateral for eligible students. Under this scheme, students can avail up to ₹7.5 lakh without pledging any security. However, a co-applicant (parent/guardian) with a stable income is required. Loans above this amount usually require collateral.
Application Process for BOB Abroad Education Loan Without Collateral
- Step 1: Submit an application online or visit the nearest BOB branch.
- Step 2: Provide necessary documents, including admission proof and financial records.
- Step 3: Loan assessment and verification by BOB.
- Step 4: Loan approval and signing of the loan agreement.
- Step 5: Loan disbursement directly to the university or as required.
The Global Ed-Vantage Education Loan from BOB
This is a specialized education loan for students studying abroad at recognized universities. It provides higher loan amounts and competitive interest rates for overseas education.
Overview of the Global Ed-Vantage Education Loan from BOB
- Loan Amount – ₹7.5 lakh to ₹1.5 crore.
- Collateral Required – Yes, tangible security is mandatory.
- Moratorium Period – Course duration + 6 months.
- Repayment Period – Up to 15 years after course completion.
- Coverage – Tuition fees, living expenses, travel, and insurance.
