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  #1  
20th June 2016, 01:23 PM
Unregistered
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Whether Bank of Baroda charges processing fee of Education Loan?


Hello Everyone,
I want to know that is Bank of Baroda takes processing fee for an Education Loan? I want to apply Education Loan in this Bank. Kindly tell me is it charge processing fee?




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  #2  
21st June 2016, 08:18 AM
SudeepKumarSaha
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Join Date: Dec 2013
Location: India
Posts: 8,583
Default Re: Whether Bank of Baroda charges processing fee of Education Loan?

Yes, there will be processing fee charged by Bank of Baroda when your loan gets sanctioned for education purpose. However, this cannot be termed exactly as processing fee . The money which is charged is the cost o paperwork which have been used in your education loan. Thus, it is basically the cost which was incurred by the bank to prepare all the loan documents. The amount charged is usually around 100-120.
  #3  
21st June 2016, 11:55 AM
ShreeRocks
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Join Date: Jul 2015
Posts: 2,813
Default Re: Whether Bank of Baroda charges processing fee of Education Loan?

Quote:
Originally Posted by Unregistered View Post
Hello Everyone,
I want to know that is Bank of Baroda takes processing fee for an Education Loan? I want to apply Education Loan in this Bank. Kindly tell me is it charge processing fee?
No, Bank of Baroda will not charge any processing charges for the education loan in the name of Baroda Gyan & Baroda Vidya. The Baroda Gyan is for Graduation, Post Graduation courses and Doctoral Degrees. Baroda Vidya for School Education. You can find the details in the website link given Official Website
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