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Bank of Baroda | Kalvimalar - News

Bank of Baroda-

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Contact Number  : 044-8283652
WebLink  : www.bankofbaroda.com

Rules and Regulations

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 Eligiblity :

  • 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 :

Upto 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 :

  • 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%.   

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 realise your dreams... Achieve your goals... Reach out to the maximum limits...

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.

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 :

  • 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: http://www.bankofbaroda.com/branchlocator.asp

 

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