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Bank of Baroda
For pursuing any type of educational, Bank of Baroda provides four loan options
for students. They are :
Baroda Career Development
This scheme is a unique loan facility for a niche community
of working executives to undergo a specialized course to develop them into
management leaders and change agents in the global arena
| Eligibility : |
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Student
- Should be an Indian National
- Have secured admission to the course through entrance test / merit
based selection process.
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).
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Loan Details
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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.
Quantum
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. 20.00 Lacs.
Margin :
- 15% (Any scholarship / assistantship, if received, to be reduced
from the total expenses of the course.)
Security :
- 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.
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| Rate of Interest |
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Rates of interest charged will be as
per Bank's policy on the date of disbursement of loan. |
| Repayment |
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Repayment Holiday/Moratorium Period
is course period + 3 months or 1 month after getting new job or resuming
job, whichever is earlier.
Maximum - 5 - years after the moratorium period in
EMI.
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| Contact Details
Head Offices
Suraj Plaza-1, Sayaji Ganj, Baroda-390005
Phone : (0265) 236 1852 (10lines)
Fax : (0265) 236 2395, 236 1824, 236 1806
Baroda House, P.B. No.506, Mandavi, Baroda-396006
Phone : (0265) 256 3932
Fax : (0265) 256 2445
Corporate Centre
Baroda Corporate Centre,
Plot No - C-26, G - Block, Bandra - Kurla Complex, Bandra (East),
Mumbai-400051
Phone :(022) 6698 5000- 04
Fax :(022) 2652 350
Website : visit
Bank of Baroda Zonal Offices
Bank of Baroda Regional Offices
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Note : Since
the rules, regulations, eligibility conditions, repayments and interests rates
etc. are revised by the banks from time to time in keeping pace with the changing
capital market conditions, students and parents are advised to thoroughly check
the terms and conditions of educational loan scheme on offer at the time of application.
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