Kalvimalar

Home » Educational Loan

Bank of Baroda-

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.

• No processing charges.

• No Margin on loans upto 4 lacs.

• Free Debit Card.

• 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 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.

• Should be Resident Indian.

• Secured admission to either of above courses

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.

• 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.

Maximum Loan Amount : Rs.10.00 Lacs.
Margin :

• Margin is to be contributed on pro rata basis on year to year basis as and when disbursements are availed.

Repayment Holiday / Moratorium Period :

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

Repayment Period :

• The loan is repayable in 5-7 years after the above period.

Security :

• Upto Rs.4 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 alognwith assignment of future income.

• Above Rs.7.5 lacs: Tangible collateral security equal to 100% of the loan
  amount along with assignment of future income

Rate of Interest :

• Simple interest to be charged at monthly rests during the repayment holiday / moratorium period.

• 1% interest concession is provided if interest debited during repayment holiday is serviced.

• 1% 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.

• Baroda Education Loan (w.e.f. 01.01.2009)
  Loans upto Rs.4.00 lacs   -  2.00% below BPLR i.e. 10.50%. 
  Loans above Rs.4.00 lacs - At BPLR i.e. 12.50%.   

Terms & Conditions

Eligiblity 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.

Student Eligiblity :

• Should be an Indian National.

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

Coverage of expenses (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/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.

Repayment Period :

Repayment Holiday/Moratorium Period :

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

• The loan is repayable in 5-7 years after the above period.

Security :

• 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 alognwith assignment of future income.

• Above Rs.7.5 lacs: Tangible collateral security equal to 100% of the loan
  amount along with assignment of future income

Rate of Interest :

• Simple interest during repayment holiday/moratorium period.

• 1% interest concession, if interest debited during the repayment holiday is serviced.

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

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

Baroda Education Loan
Loans upto Rs.4.00 lacs   - 2.00% below BPLR i.e. 10.00%. 
Loans above Rs.4.00 lacs - At BPLR i.e. 12.00%

Contact for Branches: www.bankofbaroda.com http:>http://www.bankofbaroda.com/branchlocator.asp