Agar aap higher studies ka sapna dekh rahe ho — India me ya abroad — lekin paise ki dikkat rok rahi hai, toh Bank of Maharashtra Student Loan aapke liye ek perfect solution ho sakta hai.
Is loan ke through aap apni tuition fees, hostel, books aur travel expenses tak cover kar sakte ho.
Sabse achhi baat — repayment aapke study khatam hone ke baad start hota hai. to chaliye is blog me Bank of Maharashtra Student Loan ke bareme jante hai.
🧾 1. What is Bank of Maharashtra Student Loan?
Bank of Maharashtra Student Loan Scheme ek education loan hai jo students ko higher education pursue karne ke liye milta hai — chahe India me ho ya abroad.
Main Highlights:
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Loan up to ₹30 lakh (for abroad studies)
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Easy repayment tenure up to 15 years
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Interest subsidy for eligible students
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No collateral up to ₹7.5 lakh (as per Govt norms)
🎓 2. Courses Covered Under This Loan
Bank of Maharashtra Student Loan in sab type ke courses ke liye available hai 👇
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Graduation / Post-graduation (like B.Tech, MBA, MBBS, etc.)
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Professional courses (Engineering, Medicine, Law, Management, etc.)
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Technical / Vocational courses recognized by UGC, AICTE, or Govt.
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Foreign university courses (recognized degree programs)
💼 3. Eligibility Criteria
| Criteria | Details |
|---|---|
| Nationality | Indian citizen |
| Age Limit | 18 – 35 years |
| Academic Record | Good academic performance |
| Admission | Must have confirmed admission in recognized institute |
| Co-borrower | Parent / Guardian required |
| Collateral Security | Required for loans above ₹7.5 lakh |
💡 Tip: Admission letter aur fee structure sabse important documents hote hain.
📋 4. Documents Required
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Admission Letter from Institute
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Mark sheets (10th, 12th, Graduation)
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Proof of Income of co-borrower
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ID Proof (Aadhaar / PAN)
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Residence Proof
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Fee structure from college
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Passport (for abroad studies)
💰 5. Loan Amount & Interest Rate
| Study Location | Loan Limit | Interest Rate (Approx.) |
|---|---|---|
| In India | Up to ₹10 lakh | 9.25% – 10.50% p.a. |
| Abroad Studies | Up to ₹30 lakh | 10.00% – 11.50% p.a. |
🎯 Repayment starts 1 year after course completion or 6 months after getting a job — whichever is earlier.
Repayment period: up to 15 years (including moratorium).
💡 6. Subsidy Schemes & Benefits
1. Central Government Interest Subsidy Scheme (CSIS):
For students with family income below ₹4.5 lakh — full interest subsidy during study period.
2. Special Category Benefits:
SC/ST/OBC students can apply under Govt. subsidy programs.
3. Tax Benefits:
Under Section 80E of Income Tax Act, interest paid on education loan is tax-deductible.
🌐 7. How to Apply for Bank of Maharashtra Student Loan
Online Process:
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Visit www.bankofmaharashtra.in
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Go to Loans → Education Loan section
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Click on “Apply Online”
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Fill form with personal, course & financial details
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Upload documents and submit
Offline Process:
Visit nearest Bank of Maharashtra branch, fill education loan form, submit documents, and meet loan officer for approval.
🏁 Conclusion
Bank of Maharashtra Student Loan students ke liye ek reliable aur affordable option hai — jahan flexible repayment, low interest, aur Government subsidy sab milta hai.
Agar aapke paas admission letter ready hai, toh delay mat karo —
Apply now for your Bank of Maharashtra Student Loan and make your education dream a reality! 🎓
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