BANK OF BARODS STUDENT LOAN Schemes

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.

Zero processing & documentation charges.
Zero Margin on loan upto 4 lacs.
Free Debit Card.
Drafts required in favour of the school or student will be issued free.

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 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
No minimum qualifying marks.

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 / uniforms.
Personal Computers / Laptops wherever required.
Caution deposit / building fund / refundable deposit supported by instituion bills / receipts.
Any other expenses required to complete the course - like study tours, project works, thesis, etc.

Maximum Loan Amount : Rs.7.50 Lacs.

Margin :

Scholarship/assistantship if any received to be included in the margin.
Margin may be broad on year to year basis as and when disbursements are made on a pro rata basis.

Rate of Interest :

Up to Rs.4.00 lacs - BPLR with monthly rests (Click here for current BPLR)
Above Rs.4.00 lacs : BPLR + 1% with monthly rests.
Simple interest to be charged at monthly rests during the repayment holiday/moratorium period.
Penal interest @ 2% p.a. on overdue amount, if the loan amount exceeds Rs.4.00 lacs.
1% interest concession be provided if interest debited during repayment holiday is serviced.
1% Concession in rate of interest to loans for girl student.

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 years after the above period.

Visit Bank of Baroda Student Loan Site for Further Details

Try the links below to easily sign up for ICICI Bank loans on private and business type and understand their policies,requirements,documents etc. Just Sign up to get a lead from them to understand the procedure................