www.bankofbaroda.com Bank of Baroda : Education Loan

[Admin]

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.

http://www.bankofbaroda.com/pfs/gyan.asp

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.

[Guest]

Sir my name is shashank sonal and iam from katihar (Bihar) i am studying at divya jyoti college of engineering and technology(djcet) Which are affiliated by uptu and mmtu noida. my 10th exam precentage is 73.6% and12th is58% . i came in clg from management quota . i want to take loan from BOB . sir what can ido for it. my home branch bank of baroda didn't mind it. please do some Thing sir...
My eMail id is shashank.sonal26 AT gmail.com .