Study Abroad Loans

What the expenses covered in Baroda Scholar education loan for Professional / Technical studies in abroad ?

[Raman Vij]

Baroda Scholar is the education loan for Professional / Technical studies in abroad offered by Bank of Baroda.

Baroda Scholar

Student Eligibility :

Indian National.

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

[B]Eligibility of Courses [/B]:

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

Regular Degree/ Diploma courses like Aeronautical, pilot training, shipping etc.

Coverage of expenses (for study in abroad ) :

Admission/Tuition fees to College/University.

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

One way travel expenses/Passage money.

Hostel/Mess charges.

Examination/Library/Laboratory fee.

Purchase of books/equipments/instruments.

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.

[B]Security [/B]:

Upto Rs.4.00/- lacs :
No security

Above Rs. 4.00 Lacs and up to Rs. 7.5 lacs:
Collateral in the form of a suitable third
party guarantee

Above Rs.7.5 lacs:
Tangible collateral security equal to 100% of the loan
amount .