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Business, & agriculture finance

BOI Star Education Plus

Term finance for educational institutions' construction, repair, renovation, furniture, fixtures and computers, from ₹10 lakh to ₹5 crore.

Facility amountMinimum ₹10 lakh and maximum ₹5 crore.RateAs applicable; the reviewed Star MSME Education Plus page does not publish a fixed numeric interest percentage.Target groupUniversities, colleges and schools with necessary government approvals; normally three years audited statements and two continuous profitable years.
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Quick eligibility check

BOI Star Education Plus

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.

1Do you meet this requirement: Universities, colleges and schools with necessary government approvals?

Published source: Target group

2Do you meet this requirement: normally three years audited statements and two continuous profitable years?

Published source: Target group

3Can you provide this required proof: Government approvals, audited financial statements, projections and security documents requested by BOI?

Published source: Documents

4Do you meet this requirement: Educational institution with required government approvals?

5Do you meet this requirement: normally three years audited financials and continuous two-year profitability, with new institutions considered on justified projections?

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

India; BOI branches

Key facts

What the official sources publish

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

Facility amountMinimum ₹10 lakh and maximum ₹5 crore.View source
The official quantum section publishes ₹10 lakh minimum and ₹500 lakh maximum.
Source
Star Education Plus — BOI
Page / section
Quantum of loan
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Target groupUniversities, colleges and schools with necessary government approvals; normally three years audited statements and two continuous profitable years.View source
The official page lists the target institutions, approvals, audited statements and profitability conditions.
Source
Star Education Plus — BOI
Page / section
Target Group / Eligibility
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Security / collateralHypothecation of financed machinery/equipment or mortgage of land and building; suitable collateral to maintain minimum asset cover of 1.50 and key-person/promoter/trustee guarantee.View source
The official security section publishes the mortgage/hypothecation and 1.50 asset-cover requirement.
Source
Star Education Plus — BOI
Page / section
Security
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Repayment tenureMaximum eight years including an initial moratorium of 12 to 18 months.View source
The official repayment section publishes eight years and 12–18 months moratorium.
Source
Star Education Plus — BOI
Page / section
Repayment period
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Processing chargesAs applicable; the page does not publish a fixed numeric processing charge.View source
The official page says charges are as applicable without a numeric amount.
Source
Star Education Plus — BOI
Page / section
Processing & other charges
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Turnover / vintageThe page requires three years audited financial statements and continuous profitability for two years in the normal route; no numeric turnover threshold is published.View source
The official eligibility section publishes the audited-statement and profitability conditions, without a turnover figure.
Source
Star Education Plus — BOI
Page / section
Eligibility
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
RateAs applicable; the reviewed Star MSME Education Plus page does not publish a fixed numeric interest percentage.View source
The official page leaves the rate as applicable rather than displaying a percentage.
Source
Star Education Plus — BOI
Page / section
Rate of interest
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
TenureMaximum eight years including an initial moratorium of 12 to 18 months.View source
The official repayment section publishes eight years and 12–18 months moratorium.
Source
Star Education Plus — BOI
Page / section
Repayment period
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Geographic limitsIndia; BOI branchesView source
The manually reviewed product record states: “India; BOI branches”.
Source
BOI Star Education Plus — official product page
Page / section
Published product metadata
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
DocumentsGovernment approvals, audited financial statements, projections and security documents requested by BOIView source
The manually reviewed product record states: “Government approvals, audited financial statements, projections and security documents requested by BOI”.
Source
BOI Star Education Plus — official product page
Page / section
Published product metadata
Accessed
30 Aug 2026
Confidence
high
Open official source ↗

Benefits and features

  • ₹10 lakh minimum and ₹5 crore maximum
  • Term loan with up to eight-year repayment including 12–18 month moratorium
  • Mortgage/hypothecation security structure

Eligibility

  • Educational institution with required government approvals; normally three years audited financials and continuous two-year profitability, with new institutions considered on justified projections.

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

Documents the bank lists

  • Government approvals, audited financial statements, projections and security documents requested by BOI

Related official documents

Financing Existing Business — BOI catalogueofficial-product-page · current · accessed 30 Aug 2026
↗
Star MSME Education Plus — BOIofficial-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.

Star Start Up Scheme · Target customer start-up; up to 10 years and ₹100 crore turnover

This value is copied from BOI finance — published terms. Check the table notes before relying on it.

Source: BOI finance product pages · Quantum, eligibility, security and 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 · 4 rows · 5 columnsBOI MSME finance — published termsQuantum, eligibility, security and repayment terms transcribed from official BOI product pages.View tableHide table

Scroll sideways to view every column

BOI MSME finance — published terms
ProductTarget customerAmountSecurityRepayment / rate
Star Start Up Scheme start-up; up to 10 years and ₹100 crore turnoverAbove ₹10 lakh; maximum assessed; CGSS up to ₹10 crorePrimary asset charge; CGSS/collateral routes; promoter guaranteeUp to 120 months incl. 24-month moratorium; 1% concession; processing waived
Micro enterprises and listed entity typesUp to ₹10 lakhNil collateral; primary asset and personal guarantee36-month demand or 84-month term; rate/charges per BOI guidelines
Star Asset Backed LoanExisting compliant , 3 years operation₹10 lakh–₹20 crore 60% residential / 50% other propertyUp to 15 years; rate applicable
Star Education PlusApproved schools, colleges and universities₹10 lakh–₹5 croreMortgage/hypothecation; 1.50 asset coverUp to 8 years incl. 12–18-month moratorium; charges applicable
BOI finance product pages · Quantum, eligibility, security and repayment · accessed 30 Aug 2026Open official source ↗

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