#1
18th March 2015, 02:17 PM
|
|||
|
|||
Mode of Repayment against Education Loan offered by Bank Of Baroda for self organized 1 year Diploma course?
Hello,
I have applied for Manipal Bank Of Baroda recruitment. There I have to give written test and they will provide me 1 year Diploma course. For this, Bank of Baroda is giving education loan. I want to know that what will be the repayment mode of this education loan? |
#2
21st March 2015, 01:32 AM
|
|||
|
|||
![]() Quote:
Talking about Eligibility to get loan from Bank of Baroda, Meritorious student who qualified for a seat in reputed institution under merit quota and if student chooses to pursue under Management quota (fees as approved by the state government for payment seats will be taken subject to viability of the repayment) are eligible for it. Additionally if student going for premier institutes then 1% concession will be provided to the student. Moratorium Period/Repayment Holiday for Bank of Baroda education loan is the course period(in years/months) plus 1 year or 6 months after getting job, whichever is earlier. Repayment Period under this Scheme is 10 years up to 7.5 lacs and 180 months if the loan amount is above 7.5 lacs. Simple interest rage will be charged at monthly rests during the repayment holiday or Moratorium period. 0.5% concession will be given to girl student and there will be penal interest @ 2% on overdue amount, if the loan amount exceeds Rs 4 lacs. |
Related Topics: |
||
Thread | Replies | Last Post |
How should I apply for CBSE scholarship after scoring 83.4%? Is it true that I wont be able to apply for any other scholarship after applying for the CBSE scholarship? | 29 | 10th September 2017 11:00 PM |
Scholarship programs for Ph.D candidate? Why scholarship rates remain higher for backward communities? | 2 | 2nd May 2015 02:32 PM |
|