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