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Bank of Baroda Education Loan

Bank Link

http://www.bankofbaroda.com/pfs/eduloans.asp
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.
Disclaimer: The Details shown may be different from actual. Please confirm on the bank site before process.

Service Charges

Processing Charges -

For Studies in India : NIL

For studies abroad : 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.

Docs Introduction

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 along with 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

Eligibility Introduction

Student Eligiblity :

- Should be Resident Indian.

- Secured admission to one of the courses listed by the Bank.

Self
Minimum Age (in yrs.)

Co-Applicants and Students Age will be considered
Minimum Income (in Rs.)

Co-Applicant Income will be considered
Minimum Work Experience (yrs.)

Co-Applicants Job Experience will be considered
Residence Status (yrs.)

Minimum Duration of Stay Not Available
Id Proof

Co-Applicants :Passport Copy/ Voters ID card/ Driving Licence
Address Proof

Co-Applicants :Ration card Telephone or electricity Bill/ Rental agreement/ Passport copy
DOB Proof

Co-Applicants and Student:Birth Certificate or 10th Class Passing Certificate
Disclaimer: The Details shown may be different from actual. Please confirm on the bank site before process.

Salaried
Minimum Age (in yrs.)

Co-Applicants and Students Age will be considered
Minimum Income (in Rs.)

Co-Applicant Income will be considered
Minimum Work Experience (yrs.)

Co-Applicants Job Experience will be considered
Residence Status (yrs.)

Minimum Duration of Stay Not Available
Id Proof

Co-Applicants :Passport Copy/ Voters ID card/ Driving Licence
Address Proof

Co-Applicants :Ration card Telephone or electricity Bill/ Rental agreement/ Passport copy
DOB Proof

Co-Applicants and Student:Birth Certificate or 10th Class Passing Certificate
Disclaimer: The Details shown may be different from actual. Please confirm on the bank site before process.
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