The parents must be residing in the place for a minimum period of -3- years, except in the case of transferable job.
Security:
In case the loan is given for purchase of computer the same is to be hypothecated to the bank.
Rate of Interest:
1% 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.
2.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.
Terms & Conditions
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 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.
Student Eligibility:
- 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:
Up to Rs. 4.00 lacs :- NIL
Above Rs. 4.00 lacs :- 5%
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:
- Up to 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.
3. 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 realize your dreams... Achieve your goals... Reach out to the maximum limits...
Terms & Conditions
Eligibility 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 Eligibility:
- 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.
Maximum amount of loan: Rs. 20.00 Lacs.
Margin: 15%
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:
- Up to 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.
|
