2023 2024 Student Forum > Management Forum > Study Abroad

 
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3rd May 2016, 02:34 PM
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Join Date: Apr 2013
Re: Bank Of Baroda Abroad Education Loan

I will get the details about Abroad Education Loan facility started by Bank Of Baroda so that you can check it easily.

[B]Types of Education loan offer by them[/B]
Baroda Vidya

Baroda Gyan

Baroda Scholar

Baroda Education Loan for Vocational Education & Training

Central Scheme of Interest Subsidy for Education Loans

The National Skill Certification and Monetary Reward scheme covered under Baroda Education Loan for Vocational Education & Training

For your reference here I’m telling you about Baroda Vidya loan

[B]Eligibility[/B]
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.

Coverage for expenses

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

[B]Repayment Period :[/B]
Loan for each yearly sub limit is repayable in 12 equal monthly instalments. First instalment to be due 12 months after first disbursement of each year's loan component.

[B]Security[/B]
In case the loan is given for purchase of computer the same is to be hypothecated to the bank.

[B]Rate Of Interest[/B]

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.


[B]Address:-[/B]
Bank Of Baroda
Baroda Corporate Centre,
Plot No - C-26, G - Block, Bandra - Kurla Complex, Bandra (East), Mumbai-400051

Phone:-
(022) 6698 5000- 04


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