Bank of Baroda

Bank of Baroda’s Educational Loan - Baroda Scholar

Objective of the Scheme:

Bank of Baroda presents financial assistance to students going abroad for Professional / Technical studies. The loan offering is designed to empower you with the financial capability to reach your goal.

Eligibility of the Student:

Should be an Indian National.

Secured admission to Professional / Technical Courses at foreign Universities / Institutions.

Eligibility of Courses :

Graduate / Post Graduate / Doctorate / Job Oriented Professional / Technical Courses offered by reputed Universities overseas.

Regular Degree / Diploma courses like Aeronautical, pilot training, shipping etc. The Institute should be recognized by the competent local aviation / shipping authority and Director General of Civil Aviation / shipping in India.

Liability of Finance:

Expenses allotted for the Loan ( for overseas studies ) :

  • Admission / Tuition fees to College / University.
  • Hostel / Mess charges.
  • Examination/Library / Laboratory fee.
  • Purchase of books / equipments / instruments.
  • Caution deposit / building fund / refundable deposit supported by institution bills / receipts.
  • One way travel expenses / Passage money.
  • Purchase of computers if essential for completion of the course.
  • Any other expense required to complete the course e.g. study tour, project work, thesis etc.

Maximum amount of loan: Rs. 20.00 Lacs

Margin : 15%

Moratorium :

Course period + 1 year or 6 months after getting job, whichever is earlier.

Rate of Interest :

  • Simple interest during repayment holiday / moratorium period.
  • 0.50% Concession in rate of interest to loans for girl student.
  • Penal interest @ 2% p.a. on overdue amount if loan exceeds Rs.4/- lacs.

Repayment Period of the Loan :

  • Repayable in 120 maximum Installments for loan amount Upto Rs 7.50 lacs
  • Repayable in 180 maximum Installments for loan amount above Rs 7.50 lacs .

For more Details, Kindly refer the following link:

http://www.bankofbaroda.com/pfs/scholar.asp

Bank of Baroda’s Educational Loan - Baroda Vidya

Objective of the Scheme:

Bank of Baroda presents a one of its kind finance option for parents of students pursuing school education. These loans are available for studies from Nursery to Senior Secondary School.

Eligibility of the Student:

Should be an Indian national residing in India.

Student should have secured admission to a recognized school / High school / Jr. College ( including CBSE / ICSE / State Board ) for any of the following courses

  1. Stage I : Nursery to V th STD.
  2. Stage II : VI th to VIII STD.
  3. Stage III : IX th to XII th STD.

Liability of Finance:

Expenses allotted for the Loan :

  • Fee payable to college / school.
  • Examination / Library / Laboratory Fee.
  • Fee and other charges payable to hostel.
  • Purchase of books / equipments / instruments / uniforms.
  • Personal Computers / Laptops wherever required.
  • Caution deposit / building fund / refundable deposit supported by institution bills / receipts.

Margin : NIL

Moratorium : NIL

Processing Fee / Mortgage Charges : NIL

Maximum Loan Amount : Rs.4.00 Lacs

Rate of Interest :

  • 0.50% concession in rate of interest to loans for girl students.
  • Interest to be serviced as and when applied during moratorium period.
  • Penal Interest @ 2% on overdue amount if the loan amount exceeds Rs. 2/- lacs.

Repayment Period of the Loan :

  • Loan for each yearly sub limit is repayable in 12 equal monthly installments. First installment to be due 12 months after first disbursement of each year's loan component.
  • The parents must be residing in the place for a minimum period of -3- years, except in the case of transferable job.

For more Details, Kindly refer the following link:

http://www.bankofbaroda.com/pfs/vidya.asp

Bank of Baroda’s Educational Loan - Baroda Gyan

Objective of the Scheme :

A loan product specially designed for students pursuing Graduation, Post - Graduation, Professional & Other courses in India. Bank of Baroda extends a helping hand to energize your studies and promote education of the youth.

Eligibility of the Student:

  • Should be Resident Indian.
  • Secured admission to either of above courses
  • A meritorious student ( who qualifies for a seat under merit quota ) will also be eligible for loan under this scheme even if the student chooses to pursue a course under Management Quota.
  • or courses under Management Quota Seats considered under the scheme, fees as approved by the State Government / Government approved regulatory body for payment seats will be taken, subject to viability of repayment.
  • Additional concession of 1.00% to the students who have sought admission in premier institutions viz. IIMs, IITs, IIFT, AIIMS, AFMC , ISB, NITs, XLRI, MDI, SPJIMR, IISC, SPJIM

Eligible Courses:

  • All Graduation courses.
  • All Post Graduation courses & Doctorate courses.
  • Professional Courses
  • Computer certificate courses of reputed institutes accredited to Dept. of Electronics or institutes affiliated to Universities.
  • Courses like C.A, ICWA, CFA, CS, etc.
  • Courses conducted by IIM, IIT, IISc, XLRI. NIFT etc.
  • Regular Degree / Diploma courses like Aeronautical, pilot training, shipping etc., approved by Director General of Civil Aviation/shipping.
  • Other courses leading to diploma / degree etc. conducted by colleges/universities approved by UGC / Govt./ AICTE / AIBMS / ICMR etc.
  • Courses offered in India by reputed foreign Universities.
  • Evening courses of institutes approved by State / Central / Govt. / UGC / AICTE / AIBMS / ICMR / ICAR.
  • Courses offered by National Institutes and other reputed private institutions. The College / Institute must have been approved by the State / Central Govt./ UGC / AICTE, etc.

Liability of Finance :

Expenses allotted for the Loan :

  • Fee payable to college / Institution / University.
  • Examination / Library / Laboratory Fee.
  • Fee and other charges payable to hostel.
  • Purchase of books / equipments / instruments.
  • Personal Computers / Laptops wherever required.
  • Caution deposit / building fund / refundable deposit supported by institution bills / receipts.
  • Any other expenses required to complete the course - like study tours, project works, thesis, etc.

Margin :

  • Upto Rs. 4.00 lacs :- NIL
  • Above Rs. 4.00 lacs :- 5%

Moratorium :

Course period + 1 year or 6 months after getting job, whichever is earlier.

Processing Fee / Mortgage Charges: NIL

Rate of Interest:

  • Simple interest to be charged at monthly rests during the repayment holiday / moratorium period.
  • 0.50% Concession in rate of interest to loans for girl student.
  • Penal interest @ 2% p.a. on overdue amount, if the loan amount exceeds Rs.4.00 lacs.

Repayment Period of the Loan :

  • Repayable in 120 maximum Installments for loan amount Upto Rs 7.50 lacs
  • Repayable in 180 maximum Installments for loan amount above Rs 7.50 lacs .

For more Details, Kindly refer the following link :

http://www.bankofbaroda.com/pfs/gyan.asp

To download Application Form, Visit the following link :

http://www.bankofbaroda.com/download/education_loan_new.pdf

 

 

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