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#1
27th May 2018, 12:58 PM
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Terms and Conditions of Bank of Baroda Education Loan scheme?
Hello everyone, I am looking forward to apply an education loan in Bank of Baroda. I would like to know about the terms and conditions for applying an education loan in this bank. Can anyone tell me? Waiting for your response!
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#2
17th June 2018, 08:18 PM
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Re: Terms and Conditions of Bank of Baroda Education Loan scheme?
Detailed information regarding terms and conditions of Bank of Baroda Education Loan Scheme are mentioned below :-
1. Quantum of finance: --> Maximum Rs. 80.00 Lakh for Medical & Aviation Education and --> Maximum Rs.10.00 Lakh for others. --> Need based finance subject to repayment capacity of parents. 2. Margin :- --> Up to Rs. 4.00 lakhs: NIL --> Above Rs. 4.00 lakhs: 5% 3. Repayment Holiday/ Moratorium Period :- --> Course Period plus one year 4. Repayment Period :- --> For loans up to Rs. 7.50 Lakhs : Moratorium Period plus Maximum - 10 years --> For Loans above Rs. 7.50 Lakhs : Moratorium Period plus Maximum - 15 years. |
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