Investment Banking Education

Education Loan

• Any Indian National fulfilling criteria stated above is eligible for education loan.

• The parents, guardians, friends and relative can be co-obligant.

• Bank of Baroda extend need based finance subject to repaying capacity of the parents/student with margin upto following ceilings.

  Studies in India
  Studies abroad

• We grant loan for a term of 5-7 years after repayment holiday/moratorium.

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

• The accrued interest during the repayment holiday period to be added to the principal and repayment in Equated Monthly Instalment (EMI) is fixed.

• Yes, we do offer 1% interest concession to student loanee, if the interest is serviced during the study period when repayment holiday is specified for interest / repayment under the scheme. Additionally, 1% interest concession is provided to girl students.

• We charge simple interest at monthly rests during the repayment holiday /moratorium period.