Who can apply for the loan?

Any Indian national fulfilling criteria stated above is eligible for education loan.

Who can be co-obligant?

The parents, guardians, friends and relatives can be co-obligant.

How much does Bank of Baroda lend?

Bank of Baroda extend need based finance subject to repaying capacity of the parents/student with margin up to following ceilings. Studies in India - Maximum Rs. 10 lakhs Studies abroad - Maximum Rs. 20 lakhs

For how long a period can I get the loan?

We grant a loan for a term of 5-7 years after repayment holiday/moratorium.

What is the repayment holiday/moratorium period?

Course period + 1 year or 6 months after getting a job whichever is earlier.

What is the mode of repayment?

The accrued interest during the repayment holiday period to be added to the principal and repayment in Equated Monthly Instalment (EMI) is fixed.

Do you offer any concession?

Yes, we do offer 1% interest concession to the student loanee, if the interest is serviced during the study period when repayment holiday is specified for interest repayment under the scheme. Additionally, 1% interest concession is provided to female students.

What type of interest do you charge under your Education Loan Scheme?

We charge simple interest at monthly rests during the repayment holiday/moratorium period.

Do you levy any penalty for default under the scheme?

Yes, we charge penal interest @ 2% on overdue amount in the loan exceeding Rs. 4 lakhs.

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अक्सर पूछे जाने वाले प्रश्न

Who can apply for the loan?

Any Indian national fulfilling criteria stated above is eligible for education loan.
Who can be co-obligant?

The parents, guardians, friends and relatives can be co-obligant.
How much does Bank of Baroda lend?

Bank of Baroda extend need based finance subject to repaying capacity of the parents/student with margin up to following ceilings.

Studies in India - Maximum Rs. 10 lakhs

Studies abroad - Maximum Rs. 20 lakhs
For how long a period can I get the loan?

We grant a loan for a term of 5-7 years after repayment holiday/moratorium.
What is the repayment holiday/moratorium period?

Course period + 1 year or 6 months after getting a job whichever is earlier.
What is the mode of repayment?

The accrued interest during the repayment holiday period to be added to the principal and repayment in Equated Monthly Instalment (EMI) is fixed.
Do you offer any concession?

Yes, we do offer 1% interest concession to the student loanee, if the interest is serviced during the study period when repayment holiday is specified for interest repayment under the scheme. Additionally, 1% interest concession is provided to female students.
What type of interest do you charge under your Education Loan Scheme?

We charge simple interest at monthly rests during the repayment holiday/moratorium period.
Do you levy any penalty for default under the scheme?

Yes, we charge penal interest @ 2% on overdue amount in the loan exceeding Rs. 4 lakhs.

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संबंधित उत्पाद

उत्पाद : बड़ौदा विद्या (नर्सरी से बारहवीं की शिक्षा)

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भारत में प्रमुख संस्थानों द्वारा प्रदान किए जा रहे ईडीपी के लिए बड़ौदा शिक्षा ऋण

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विदेश में प्रमुख संस्थानों द्वारा उपलब्ध कराए गए ईडीपी के लिए बड़ौदा शिक्षा ऋण

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दिल्ली में उच्च शिक्षा पाने के लिए उच्च शिक्षा और कौशल विकास गारंटी योजना

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