Education loans from the Bank of Baroda

Education Loan - Baroda Vidya

Bank of Baroda presents a one of its kind finance option for parents of students pursuing school education. These loans are available for studies between Nursery and Standard XII.

Zero processing & documentation charges.

Zero Margin.

No security required.

You can repay the loan after moratorium by way of EMI.

Eligibility :

Should be an Indian national residing in India.

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

Stage I : Nursery to V th STD.

Stage II : VI th to VIII STD.

Stage III : IX th to XII th STD.

Evening courses of institutes approved by State/Central Govt.

No minimum qualifying marks required.

Coverage of expenses for :

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 instituion bills / receipts.

Maximum Loan Amount : Rs.4.00 Lacs

Rate of Interest :

Rates of interest charged will be as per Bank's policy on the date of disbursement of loan. (For current interest rates click here).

1% concession in rate of interest to loans for girl students.

Simple interest during repayment holiday/moratorium period.

Penal Interest @ 2% on overdue amount if the loan amount exceeds Rs. 2/- lacs.

Repayment Period :

Loan for each yearly sub limit is repayble in 12 equal monthly instalments. First instalment to be due 12 months after first disbursement of each years'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 please visit www.bankofbaroda.com/pfs/vidya

Education loan - Baroda Gyan

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.

Zero processing & documentation charges.

Zero Margin on loan upto 4 lacs.

Free Debit Card.

Drafts required in favour of the school or student will be issued free.

Courses Eligible :

All Graduation courses.

All Post Graduation courses & Doctorate courses.

Professional Courses viz. Engineering, Medical, Agriculture, Veterinary, Law, Dental, Management, Computer, Ayurved, Homeopathy, Physiotherapy, Hotel Management, Hospital Management, Interior Designing, Architecture, Event Management, Mass Communication, Fashion Technology, etc.

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 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.

Student Eligiblity :

Should be Resident Indian.

Secured admission to either of above courses

No minimum qualifying marks.

Coverage of expenses :

Fee payable to college / Institution / University.

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 instituion bills / receipts.

Any other expenses required to complete the course - like study tours, project works, thesis, etc.

Maximum Loan Amount : Rs.7.50 Lacs.

Margin :

Upto Rs. 4.00 lacs :- NIL

Above Rs. 4.00 lacs :- 5%

Scholarship/assistantship if any received to be included in the margin.

Margin may be broad on year to year basis as and when disbursements are made on a pro rata basis.

For more details visit - www.bankofbaroda.com/pfs/gyan

Education loan - Baroda Scholar

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 realise your dreams... Achieve your goals... Reach out to the maximum limits...

Zero processing & documentation charges.

Drafts in foriegn currencies drawn on our branches/subsidiaries required in favour of College/University/Student will be issued free of exchange/commission.

Eligiblity of Courses :

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

Student Eligiblity :

Should be an Indian National.

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

No minimum qualifying marks required.

Coverage of expenses (for overseas studies) :

Admission/Tuition fees to College/University.

Hostel/Mess charges.

Examination/Library/Laboratory fee.

Purchase of books/equipments/instruments/uniforms.

Caution deposit/building fund/refundable deposit supported by institution bills/reciepts.

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 :

Graduation & Other Courses up to 3 years duration : Rs.10 Lacs

Post graduation and other advanced studies : Rs.15 Lacs

Margin : 15%

Rate of Interest :

Up to Rs.4.00 lacs - BPLR with monthly rests (Click here for current BPLR)

Above Rs. 4.00 lacs: BPLR + 1.00% with monthly rests.

Simple interest to be charged during the repayment holiday/moratorium period.

Penal interest @ 2% p.a. on overdue amount if loan exceeds Rs.4/- lacs.

1% interest concession be provided if the interest debited during the repayment holiday is serived.

1% Concession in rate of interest to loans for girl student.

Repayment Period :

Course period + 1 year, or

6 months after getting job, whichever is earlier.

The loan is repayable in 5 years after the above period.

If the student is not able to complete the course within the scheduled time extension of time for completion of course may be permitted for a maximum period of 2 years

For more visit www.bankofbaroda.com/pfs/scholar

Baroda Loan For Executive Development

To help the future management leaders acquire higher specialized managerial skills and dominate the global arena, Bank of Baroda brings to you Baroda Loan for Executive Development, a unique loan facility for a niche community of working executives.

Eligiblity of Courses :

Full time Management courses including financial management conducted by IIMs.

Student Eligiblity :

Should be an Indian National.

Must possess bachelor's degree or higher education in any discipline.

Gainfully employed in executive cadre atleast for 3 years OR

If self-employed, must be associated in the business in managerial capacity for last 3 years.

Present gross annual emoluments / income of the applicant should not be less than Rs. 2.00lacs.

Age :

Minimum - 25 years.

Maximum : As prescribed by the Institute imparting the course.

Quantum of Loan :

Maximum : Rs. 8.00 Lacs.

Need based finance subject to repaying capacity of applicant, based on present / expected income after completion of the course.

Coverage of expenses :

Fee payable to Institution.

Examination/ Library fee and other programme related material / network (internet) charges.

Purchase of computers if essential for completion of the course.

Project related expenses.

Hostel expenses.

Reasonable family expenses for the course period in case of married executives, subject to maximum of Rs. 1.20 lac p.a.

Travel expenses for going abroad for the project assigned to the applicant relating to the programme.

Rate of Interest :

Rates of interest charged will be as per Bank's policy on the date of disbursement of loan. (For current interest rates click here).

Repayment Period :

Repayment Holiday/Moratorium Period :

Course period + 3 months or 1 month after getting new job or resuming job, whichever is earlier.

Maximum - 5 - years after the moratorium period in EMI.

Read more here - www.bankofbaroda.com/pfs/execdevloans