Education loan in Bank of Baroda
Bank of Baroda is providing education loan in the name of
baroda vidhya for the school students and kian for the students studying in any
of the colleges in India and baroda scaser for the Indian students studying in
abroad.
Education loan amount size
For the students studying in India , maximum amount of upto
Rs.7,50,000 will be provided and for the students studying in abroad maximum
amount of upto Rs.15,00,000 will be provided.
Advance amount to be paid:
Nothing till 4,00,000 Rs.
More than 4,00,000 Rs: Students studying in India should pay
5% and students studying in abroad should pay 15% of the amount.
Interest rate:
Upto Rs.4,00,000 : B.P.L.R.,(2.00% above BR)
More than Rs.4,00,000 : B.P.L.R.,(4.00% above BR)
Way of repaying the loan:
One year after finishing the studies or right from 6th
month after joining the job the repayment process is to be started.The loan
amount is to be closed within 5 to 7 years.
Warranty:
No property gurantor is required till 4,00,000 Rs.
From 4,00,000 Rs till 7,50,000 Rs.: Third party’s guarantee
is required.
More than 7,50,000 Rs: Property guarantor is required.
HI,what are the requirements for acquiring this education loan.
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