Education and Career Forum

Respected Sir/Madam, I want to apply an education loan in Bank of Baroda. I want to study BCA and the total cost of this course is Rs. 1.8 Lacs. Can I know what interest rates will be there for this amount?

Interest rates against an education loan of Rs. 1.8 lakhs in Bank of Baroda are mentioned below :-

--> MCLR + Strategic Premium + 2.50% per annum.

Concession of 0.5% on rate of interest is provided to girl candidates.

Originally Posted by Unregistered

Respected Sir/Madam, I want to apply an education loan in Bank of Baroda. I want to study BCA and the total cost of this course is Rs. 1.8 Lacs. Can I know what interest rates will be there for this amount?

The interest rate against an education loan of Rs 1.80 Lakhs in Bank of Baroda is 10.90%. Girl students can get 0.50% concession in interest rate. Interested students can contact the Bank of Baroda branch nearest to their house for education loan. There is no processing charge and margin for an education loan of Rs 1.80 Lakhs in Bank of Baroda. Students have to submit the necessary documents like admission proof, fee schedule, address proof, ID proof, PAN card of the student and parent, income proof, photographs, completely filled application form, etc. for getting an education loan.

Note- Loans to girl students gets an applicable 0.50% concession. Interest must be serviced as and when applied during the moratorium period. If loan amount exceeds Rs.2 lakhs, penal interest at the rate of 2% applies on the overdue amount.