For Your Bravery and Honour
|1.||Name||Baroda Yoddha Education Loans (all variants)|
|2.||Eligibility||For wards of defence personnel|
Special interest rates for children of Defence personnel under Baroda Yoddha Education Loan Scheme:
|Product||Existing Rate of Interest (%)|
|Education Loan to Students of Premier Institutions and Executive Development Programmes for study in Premier Institutions for Domestic Study||
|Baroda Gyan||Upto Rs.4.00 Lakh
Above Rs.4.00 Lakh
|Baroda Scholar-Non Premier||BRLLR+1.25|
|Executive Development Programmes for study abroad (Premier Institutions)||BRLLR+1.25|
Further, there are 12-colleges/Institutions as under governed by “Army Welfare Education Society”. For study in these institutes, Loan to children of defence personal to be considered with following relaxation in parameters.
|Army Institute of Technology, Pune||Army Institute of Fashion and Design, Bengaluru||Army College of Dental Sciences, Secunderabad.|
|Army Institute of Management and Technology (AIMT), Greater NOIDA||Army Institute of Education (AIE), Greater NOIDA||Army College of Nursing (ACN), Jalandhar Cantt|
|Army Institute of Management, Kolkata||Army Institute of Law (AIL), Mohali||Army Institute of Nursing (AIN), Guwahati|
|Army Institute of Hotel Management and Catering Technology, Bengaluru||Army Law College (ALC) Pune, Kanhe, Pune||Army College of Medical Sciences, Delhi Cantt|
|Security||Unsecured: Rs 25.00 lacs|
All other guidelines and criteria shall be remain unchanged.
- Operating units to explore opening of Salary account for the defence personnel with our Bank.
- The students would mandatorily open the savings account with the Bank.
- Mandatory GCLI for the students seeking unsecured loan for taking admission in AWES institutions
- Assignment of Term Life policy of Defence Personnel/Co-applicant in favor of the Bank to be explored
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