Eligiblity of Courses :
- Graduate, Post Graduate, Diploma, Professional Courses, Specialization courses offered by reputed Universities/ Institutions (Indian or Overseas), having assured employment prospects.
- Skill up gradation courses offered by various institutes (Indian/Overseas), having assured employment prospects.
- Courses offered by Hospitality Management Institutes for Skill upgrade/Short course/ Training etc.
- Pilot Training Courses, offered by reputed Institutions (Indian or Overseas), approved by Director General of Civil Aviation (DGCA) /International Civil Aviation Organization (ICAO).
Student Eligiblity :
- Should be an Indian National.
- Have secured admission to the course through entrance test / merit based selection process.
Maximum Quantum of Loan :
- Need based finance subject to repaying capacity of applicant, based on present / expected income after completion of the course.
- In India: Rs. 10.00 Lacs.
- Abroad : Rs. 20 Lacs.
Coverage of expenses :
- Tuition Fees, Examination/ Library fee etc. charged by the Institution.
- Hostel fees.
- Cost of Books, equipments, instruments, etc.
- Personal Computers/ Laptops, wherever required.
- Any other expenses required to complete the Course viz: Study Tours, Project works, thesis, etc.
- 15% (Any scholarship / assistantship, if received, would not be included in margin).
Repayment Period :
Repayment Holiday :
- Course period + 6 months or 3 months after getting a job, whichever is earlier.
- 100% tangible collateral security by way of mortgage of property or assignment of securities NSC, KVP, LIC policy, FDR etc.
- Personal guarantee of Father / mother of the applicant or any other person having sufficient worth.
|Baroda Education Loan to Students of Premier Institutions (For Studies in India)
||For List-A Institutions :
Upto Rs 15 Lacs : One year MCLR + Strategic Premium + 0.25%
Above Rs 15 Lacs: One year MCLR + Strategic Premium
|For List-B Institutions:
Upto Rs 7.50 Lacs : One year MCLR + Strategic Premium + 0.75%
Above Rs 7.50 Lacs: One year MCLR + Strategic Premium + 0.50%
For More Information About Interest Rates
Mumbai: 02266985000-04,22-42068502,Baroda: 02652576402,02652307852/2361852Hyderabad: 0402342 1650Bhopal: 1800223344Hukumpeta: 0883-2469766Karnataka: 08025615344Maharashtra: 02589222276