Education is the most important investment one makes in life. Higher studies and specialization in certain fields call for additional financial support from time to time.
Following are the loan options available:
Bank of Baroda presents a one of its kind finance option for parents of students pursuing school education. These loans are available for studies from Nursery to Senior Secondary School.
Should be an Indian national residing in India.
Student should have secured admission to a recognized school / Highschool / Jr. College (including CBSE / ICSE / State Board) for any of the following courses
Stage I : Nursery to V th STD.
Stage II : VI th to VIII STD.
Stage III : IX th to XII th STD.
Coverage of expenses for :
Read: SBI education loans
Loan for each yearly sub limit is repayable in 12 equal monthly installments. First installment to be due 12 months after first disbursement of each year’s loan component.
The parents must be residing in the place for a minimum period of -3- years, except in the case of transferable job.
In case the loan is given for purchase of computer the same is to be hypothecated to the bank.
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.
Courses Eligible :
Read: Education loans in India
Upto Rs. 4.00 lacs :- NIL
Above Rs. 4.00 lacs :- 5%
Above Rs.7.5 lacs: Tangible collateral security equal to 100% of the loan
amount along with assignment of future income
Bank of Baroda presents financial assistance to students going abroad for Professional / Technical studies. The loan offering is designed to empower you with the financial capability to realise your dreams… Achieve your goals… Reach out to the maximum limits…
Rs. 20.00 Lacs.
The loan is repayable in 5-7 years after the above period.
For further details, click here for more details.