Factors that Affect BOI- Bank of India Education Loan

  • Principal- The principal is the BOI- Bank of India Education Loan amount that you avail from the lender or banker. It is directly proportional to your all EMIs - lower principal will lower your monthly instalments for BOI- Bank of India Education Loan and vice versa.
  • Rate of interest- The rate of interest for BOI- Bank of India Education Loan is the rate at which the lender offers you the BOI- Bank of India Education Loan. It is also directly proportional to the value of your BOI- Bank of India Education Loan EMIs.
  • Tenure- The tenure is the time within which you repay your BOI- Bank of India Education Loan. The tenure is inversely proportional to your all other loan EMIs - longer tenure makes the monthly EMI instalments cheaper and vice versa.

 

  • Allahabad Bank