#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!




  #2  
17th June 2018, 08:18 PM
Saikiranreddy47475
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Join Date: Jul 2013
Posts: 14,288
Default 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.
Do you have any question? or have anything to say?



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