IndiaBanks.org · independent research

Personal, home, vehicle & other loans

Star Education Loan — Studies Abroad

A Bank of India education loan for regular full-time degree and postgraduate study abroad, with need-based finance up to ₹1.50 crore.

Interest rateFor the standard Star Education Loan bands, current sheet shows 1 Year RBLR + 1.70% (presently 9.80% p.a.) up to ₹7.50 lakh and 1 Year RBLR + 1.50% (presently 9.60% p.a.) above ₹7.50 lakh; girl/professional-course concessions may apply.Maximum financeUp to ₹1.50 crore for medical courses excluding nursing and non-medical courses; finance is need-based and subject to earning potential.Maximum amountA Bank of India education loan for regular full-time degree and postgraduate study abroad, with need-based finance up to ₹1.50 crore.
Official product page ↗Compare category

Quick eligibility check

Star Education Loan — Studies Abroad

0 of 5 answered

Answer what you know. This guide compares your answers with the criteria published for this product; it is not an approval decision. Your answers stay on this device.

1Are you this type of customer: Indian National student admitted to a recognized institution abroad for an approved course after HSC (10+2) or equivalent?

Published source: Eligibility

2Do you meet this requirement: entrance/merit selection or employability/reputation assessment applies where relevant?

Published source: Eligibility

3Does your annual income meet this requirement: No fixed student or co-borrower income threshold is published?

Published source: Minimum income

4Does your annual income meet this requirement: co-borrower income proof and bank statement are required?

Published source: Minimum income

5Do you meet this requirement: Apply online via Vidya Lakshmi Portal?

0 of 5 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 30 Aug 2026 · active
Offered byBank of India

India-origin applicants studying at recognized institutions abroad

Key facts

What the official sources publish

Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.

Education coveredRegular full-time degree or postgraduate courses at a recognized institution abroad; tuition, hostel, books, computer, passage money, deposits, optional life insurance and other education costs may be financed.View source
The official page lists full-time study abroad and covered expenses including one-way passage money.
Source
Star Education Loan — Studies Abroad
Page / section
Features / Expenses Covered
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Maximum financeUp to ₹1.50 crore for medical courses excluding nursing and non-medical courses; finance is need-based and subject to earning potential.View source
The quantum section states maximum ₹150 lakh and need-based finance.
Source
Star Education Loan — Studies Abroad
Page / section
Quantum of Loan
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Interest rateFor the standard Star Education Loan bands, current sheet shows 1 Year RBLR + 1.70% (presently 9.80% p.a.) up to ₹7.50 lakh and 1 Year RBLR + 1.50% (presently 9.60% p.a.) above ₹7.50 lakh; girl/professional-course concessions may apply.View source
The rate sheet gives standard education-loan bands; the abroad page says other terms follow the scheme.
Source
Retail Loans — Floating and Processing Charges (effective 1 June 2026)
Page / section
Page 4: Star Education Loan
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Repayment periodMoratorium up to course period plus 1 year; repayment up to 15 years from commencement of repayment.View source
The abroad page publishes the same course-plus-one-year moratorium and 15-year repayment period.
Source
Star Education Loan — Studies Abroad
Page / section
Repayment Period
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Processing feeA refundable ₹10,000 charge excluding GST is stated for study-abroad applications; it is refunded once the actual loan is availed for limits up to ₹20 lakh. VLP portal charge is ₹100 plus 18% GST; scheme-deviation bands are ₹500/₹1,500/₹3,000 by amount.View source
The page states the refundable ₹10,000 study-abroad charge and /deviation charges.
Source
Star Education Loan — Studies Abroad
Page / section
Charges
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Margin and securityNil margin up to ₹4 lakh and 5% above ₹4 lakh. Parents/co-borrower join; CGFSEL applies up to ₹7.50 lakh, with tangible collateral and future-income assignment above ₹7.50 lakh.View source
The abroad page publishes the margin and collateral bands.
Source
Star Education Loan — Studies Abroad
Page / section
Margin / Security
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
EligibilityIndian National student admitted to a recognized institution abroad for an approved course after HSC (10+2) or equivalent; entrance/merit selection or employability/reputation assessment applies where relevant.View source
The eligibility section lists Indian nationality, recognized institution and approved course conditions.
Source
Star Education Loan — Studies Abroad
Page / section
Eligibility of Student / Courses Covered
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Minimum incomeNo fixed student or co-borrower income threshold is published; co-borrower income proof and bank statement are required.View source
The page requires income evidence but does not publish a minimum income amount.
Source
Star Education Loan — Studies Abroad
Page / section
Documents / Eligibility
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Benchmark1 Year RBLR plus the published education-loan spread; the current rate sheet gives 9.80%/9.60% p.a. present rates by loan size.View source
The rate sheet names 1 Year RBLR and the two spreads.
Source
Retail Loans — Floating and Processing Charges (effective 1 June 2026)
Page / section
Page 4: Star Education Loan
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
APRNo separate APR figure or methodology is published.View source
and charges are published but no calculation is provided.
Source
Star Education Loan — Studies Abroad
Page / section
Rate of Interest / Charges
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Prepayment / foreclosureNo prepayment penalty.View source
The manually reviewed product record states: “No prepayment penalty published”. The issuer's current sanction terms should still be confirmed before applying.
Source
Star Education Loan — Studies Abroad — official product page
Page / section
Fees and prepayment
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
TenureMoratorium up to course period plus 1 year; repayment up to 15 years from commencement of repayment.View source
The abroad page publishes the same course-plus-one-year moratorium and 15-year repayment period. This is the issuer-published maximumTenure value shown under the comparison field “Tenure”.
Source
Star Education Loan — Studies Abroad
Page / section
Repayment Period — comparison field: Tenure
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Maximum amountA Bank of India education loan for regular full-time degree and postgraduate study abroad, with need-based finance up to ₹1.50 crore.View source
The manually reviewed product summary states: “A Bank of India education loan for regular full-time degree and postgraduate study abroad, with need-based finance up to ₹1.50 crore.”.
Source
Star Education Loan — Studies Abroad — official product page
Page / section
Published loan terms in product summary
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Geographic limitsIndian National student admitted to a recognized institution abroad for an approved course after HSC (10+2) or equivalent; entrance/merit selection or employability/reputation assessment applies where relevant.View source
The manually reviewed product record states: “Indian National student admitted to a recognized institution abroad for an approved course after HSC (10+2) or equivalent; entrance/merit selection or employability/reputation assessment applies where relevant.”.
Source
Star Education Loan — Studies Abroad — official product page
Page / section
Published product metadata
Accessed
30 Aug 2026
Confidence
high
Open official source ↗

Benefits and features

  • No collateral up to ₹7.50 lakh
  • No prepayment penalty published
  • Takeover facility
  • Passage money may be financed

Eligibility

  • Apply online via Vidya Lakshmi Portal.

Passing a listed condition does not mean the bank will approve an application.

Documents the bank lists

  • Identity/address proof, academic/admission records, expense schedule, photographs, co-applicant income proof, bank statement and security documents if applicable.

Related official documents

Retail Loans — Floating ROI and Processing Charges (effective 1 June 2026)official-rate-sheet · current · accessed 30 Aug 2026
↗
Star Education Loan — Studies Abroadofficial-product-page · current · accessed 30 Aug 2026
↗

Plan before applying

Try the numbers

Private, instant and based on the values you enter.

Try your numbers

Loan repayment estimate

See what the loan could cost each month. Move any slider to try a different amount, rate or repayment time.

One monthly payment₹21,696twenty-one thousand six hundred ninety-six rupees
Interest paid over the full loan₹27,06,939twenty-seven lakh six thousand nine hundred thirty-nine rupees
Everything you repay₹52,06,939fifty-two lakh six thousand nine hundred thirty-nine rupees

This is only an estimate, not a bank or insurer offer. The final amount can change because of taxes, fees, rate changes and provider rules.

Use the published table

Find the exact published value

Choose a table, then pick its row and column. This shows the exact entry published by the bank or insurer without making you scan every cell.

Maximum finance · Published detail₹1.50 crore; need-based

This value is copied from Star Education Loan — abroad terms. Check the table notes before relying on it.

Source: Star Education Loan — Studies Abroad · Quantum / Eligibility / Margin / Security / Rate / Charges / Repayment Open official source ↗

Published tables

Complete rates, limits and schedules

Tables preserve every reviewed row and column from the cited official source.

Table 1 · 7 rows · 2 columnsStar Education Loan — abroad termsOfficial page and rate-sheet terms.View tableHide table

Scroll sideways to view every column

Star Education Loan — abroad terms
ParameterPublished detail
Maximum finance₹1.50 crore; need-based
RateStandard education bands presently 9.80%/9.60% p.a.; 1 Year RBLR spreads
MarginNil up to ₹4 lakh; 5% above
SecurityCGFSEL/parent co-borrower up to ₹7.50 lakh; collateral above
Processing₹10,000 excluding , refundable on disbursement up to ₹20 lakh; and deviation charges
Moratorium / repaymentCourse period + 1 year; repayment up to 15 years
EligibilityIndian National; recognized institution abroad
Star Education Loan — Studies Abroad · Quantum / Eligibility / Margin / Security / Rate / Charges / Repayment · accessed 30 Aug 2026Open official source ↗

More from Bank of India

Related products

Bank of India Gold Loan

A BOI loan against pledged gold jewellery, ornaments or coins for agriculture, business or consumption, with finance up to 85% of gold value and a ₹30 lakh maximum.

View product

Star Education Loan — Studies in India

An education loan for regular full-time degree and postgraduate study in India, with need-based finance up to ₹1.50 crore for eligible medical and non-medical courses.

View product

Star Education Loan — Working Professionals

An education loan for employed professionals taking recognized part-time, distance or selected executive programmes in India, up to ₹20 lakh.

View product

Star Home Loan

A Bank of India home-loan facility for purchase, construction, renovation, takeover and solar or smart-home projects, with repayment up to 360 months.

View product