Bank of Baroda
An education 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.
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.
|Loan Amount||Rs.10 Lac for Study in India and Rs.20 Lac for Study Abroad|
|Interest Rate||12% to 12.75% per annum; 0.5% concession for girls|
|Tenure||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 Repayment Holiday / Moratorium Period|
|Pre Payment Charges||No Prepayment charges to be levied on the outstanding loan amount.|
Processing Charges -
Nil for study in India
1% for study in abroad to be recovered upfront, however the amount shall be refunded by way of credit to the loan account on availment of loan.
Eligibility Criteria : Education Loan
|Age||Co-Applicants and Students Age will be considered||Co-Applicants and Students Age will be considered|
|Income||Co-Applicant Income will be considered||Co-Applicant Income will be considered|
|Job Experience||Co-Applicants Job Experience will be considered||Co-Applicants Job Experience will be considered|
|Residence Proof||Minimum Duration of Stay Not Available||Minimum Duration of Stay Not Available|
Docs Required : Education Loan
|ID Proof||Co-Applicants :Passport Copy/ Voters ID card/ Driving Licence||Co-Applicants :Passport Copy/ Voters ID card/ Driving Licence|
|Address Proof||Co-Applicants :Ration card Telephoneor electricity Bill/ Rental agreement/ Passport copy||Co-Applicants :Ration card/ Telephone or Electricity Bill/ Rental Agreement / Passport copy/Trade license /Establishment or Sales Tax certificate|
|DOB Proof||Co-Applicants and Student:Birth Certificate or 10th Class Passing Certificate||Co-Applicants & Students :Birth Certificate or 10th Class Passing Certificate|
Co-Applicant Salaried Individual:
Co-Applicant Self Employed Individual & Professionals:
Other Charges : Education Loan