My Profile
Active Members
TodayLast 7 Days
more...
Awards & Gifts
Online Exams
Fresher Jobs
Our fresher job section is exclusively for fresh graduates! Find jobs for freshers in major Indian
cities including Bangalore, Chennai, Hyderabad, Pune or Kochi
Resources
Find educational articles, blogs, discussion threads and other resources.
Colleges
Find details about any college in India or search for courses.
Advertisements
|
Bank of Baroda Education Loan Scheme - Baroda Gyan
Posted Date: 18 Apr 2008 Resource Type: Articles/Knowledge Sharing Category: Educational Loans
|
Posted By: Bala Member Level: Diamond
Rating:  Points: 4
|
|
|
Bank of Baroda Education Loan Scheme - Baroda Gyan
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.
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 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.7.50 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 lacs : Collateral in the form of a suitable third party guarantee alongwith 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.
For more details, visit http://www.bankofbaroda.com/pfs/gyan.asp
|
Responses
|
| Author: Shinu 31 May 2008 | Member Level: Gold Points : 2 | I was looking for information on loans. I have been interested in this and happy to read more about it.Thanks for the information
|
|
|