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COMPARE : EDUCATION LOANS
Bank of Baroda Education Loan
Introduction
Bank of Baroda provides education loan under three options Baroday Vidya – a loan scheme for studies from Nursery to Senior Secondary School. Baroda Gyan – loan scheme for students pursuing Graduation, Post - Graduation, Professional & Other courses in India. Baroda Scholar – loan scheme for students going abroad for professional / technical studies.
Highlights
  Study Abroad Study India
Course Graduation Post Graduation
Loan Type Term Loan Term Loan
Loan Purpose 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. 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.
Secured admission to either of above courses
Loan Amount Min. - Rs 50000
Max. - Rs 400000
Min. - Rs 50000
Max. - Rs 400000
Margin Money 15 % 5 %
Tenure Min. - 1 Yrs.
Min. - 1 Yrs.
Interest Rate 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.
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.
Time to Process Loan 7 days 7 days
 Fees & charges
 Eligibility Criteria
 Security
 Terms & Conditions
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