Education and Career Forum

Can anyone of you please let me know about the loan margin for such students who are applying an education loan in Bank of Baroda? I am interested to apply an education loan in this bank that is why I want to know about the loan margin.

Margin under Bank of Baroda Education Loan scheme:

Bank of Baroda provides four different education loans schemes:

1. Bank Of Baroda Vidya Scheme: There is no margin requirement under this scheme.

2. Bank Of Baroda Gyan Scheme: No requirement of margin for loans up to Rs. 4 lakh and above Rs. 4 lakh there is a margin of 5%.

3.Bank Of Baroda Scholar Scheme: The maximum amount of education loan granted is Rs. 15 lakh.
There is a requirement of margin of 15%.

4. Bank Of Baroda Vocational Scheme: There is no margin requirement under this loan scheme.

The maximum amount of education loan granted is Rs. 15 lakh. There is a requirement of margin which is 15% For a loan amount up to Rs. 7.5 lakh, repayment period is 10 years and for amounts higher than Rs. 7.5 lakh it is 15 years.