Bharat Overseas Bank Ltd Education Loan

Bharat Overseas Bank is a unique and fast growing Chennai-based Indian private sector bank which was established to take over from Indian Overseas Bank's Bangkok branch, in Thailand in 1973. It is the only private bank permitted by the Reserve Bank of India to have a branch outside India. Bharat Overseas Bank has been promoted by seven banks, and is the only bank to represent India in Thailand, serving the Indian ethnic business community for over 25 years. Ever, since its commencement Bharat Overseas Bank has created a name for itself for being a “Customer's Bank”.

Exposure of Expenses:

• Tuition fees
• Cost of the books
• Hostel fees
• Examination fees and the airfare when studies abroad

• Maximum loan amount is Rs.7.5 lakhs for studies in India
• Maximum amount of loan is Rs. 15 lakhs for studies abroad.

• Interest rates linked to PLR and as applicable from time to time.

Loan repayment period is 5 to 7 years

Head Office
"Habeeb Towers",
Post Box No.5205, 196 Anna Salai,
Chennai - 600 002
Phone - (044) 2852 3949, 2852 2983, 2852 0748,
2841 4915, 2852 8010, 2852 5686, 2852 4828,
2841 1983, 2852 1650, 2852 1250,
Fax - (044) 2852 4700, 2859 4615
Website - www.bharatoverseasbank.com

Note:

Since the rules, regulations, eligibility conditions, repayments and interests rates etc. are revised by the banks from time to time in keeping pace with the changing capital market conditions, students and parents are advised to thoroughly check the terms and conditions of educational loan scheme on offer at the time of application.