Education and Career Forum

My father want to apply for an education loan for me so that I can get admission and study MBBS course. He is telling me to apply an education loan from Dena Bank. But I am not interested to apply an education loan in this Bank. So, before applying an education loan in this bank I want to know about the benefits of applying an education loan in this bank?

Originally Posted by Unregistered

My father want to apply for an education loan for me so that I can get admission and study MBBS course. He is telling me to apply an education loan from Dena Bank. But I am not interested to apply an education loan in this Bank. So, before applying an education loan in this bank I want to know about the benefits of applying an education loan in this bank?

Dena Bank amalgamated with Bank of Baroda with effect from 1st April, 2019.

Benefits of applying for an education loan in Bank of Baroda are given below:

>> Applicant can get up to Rs 80 Lakhs for Medical Courses

>> Applicant can get a free Debit Card

>> There is no processing charge

>> There is no margin up to an education loan of Rs 4 Lakhs

>> Only simple interest will be charged during the moratorium period or repayment holiday

>> Girl students can get 0.50% concession in interest rates

>> Attractive rate of interest

Benefits of Applying:--

1. Candidate will get a free Debit Card

2. Candidate will get up to Rs 70-80 Lakhs for Medical Courses

3. No margin up to an education loan of Rs 3-4 Lakhs.

4. Only Girl students can get 0.40% to 0.50% concession in interest rates.

5. No processing charge

6. There is a Attractive rate of interest