Axis Bank Mortgage Loan Interest Rate - 2017 2018 Student Forum

Bank of Baroda Education Loan interest rate

Investment Banking Education / September 14, 2017

Courses Eligible :

Student Eligibility :

  • Should be Resident Indian.
  • Secured admission in professional / technical courses in India conducted by above mentioned Institutions.

Coverage of expenses :

  • Fee payable to college/Institution/University/school/hostel.
  • Examination / Library / Laboratory fee.
  • Hostel fees / charges.
  • Purchase of books / equipments / instruments / uniforms.
  • Caution deposit, Building fund / refundable deposit supported by institution bills/ receipts, subject to condition that the amount does not exceed 10% of the total tuition fees for the entire course.
  • Purchase of Personal Computer / Laptop - essential for completion of the course.
  • Insurance premium for student borrower
  • Any other expenses required to complete the course - like study tours, project works, thesis, etc.
  • Cost of external coaching/ tution is not to be considered.

Quantum of finance :

Category Maximum Loan Limit
No security only co obligation of parent/guardian With tangible collateral security of full value of the Loan amount along with co obligation of parent/Guardian
Institutions under List - A Rs. 15.00 Lacs Rs.30.00 Lacs
Institutions under List-B Rs.7.50 Lacs
For IIM- Ahmedabad, Kolkata, Bangalore and XLRI Jamshedpur Rs.30.00 Lacs

However, in case of loan above Rs.15.00Lacs, the tangible Net worth of the parents/Guardian, who stand as Co-applicant/guarantor(together) should not be less than the loan amount sanctioned

  • Need based finance subject to futurerepayment capacity based on projected future earning which should commensurate with past placement records and average packages offered to the pass outs of the college.

Margin :


  • No special concession for girl students under this scheme.
  • 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/- lacs.
  • The accrued interest during the repayment holiday period to be added to the principal and repayment in Equated Monthly Instalment (EMI) be fixed.

Moratorium period :

  • Course period + 1 year, or 6 months after getting job, whichever is earlier.

Repayment Period :

  • For loans upto Rs.7.50 lac : Maximum 120 installments
  • For Loans above Rs.7.50 lac : Maximum 180 installments
To commence after one year of completion of studies or six months after getting the job, which ever is earlier.