Bank of Baroda Education Loans

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Following are the four different educational loan schemes available with Bank of Baroda, India:

   1. Baroda Vidya
   2. Baroda Gyan
   3. Baroda Scholar
   4. BarodaLoan For Executive Development

Baroda Vidya
Bank of Baroda presents a one of its kind finance option for parents of students pursuing school education. These loans are available for studies between Nursery and Standard XII.

Eligibility
Students must be an Indian national residing in India.
Student should have secured admission to a recognized school / High school / Jr. College (including CBSE / ICSE / State Board) for any of the following courses
Stage I: Nursery to V STD.
Stage II: VI to VIII STD.
Stage III: IX to XII STD.
Evening courses of institutes approved by State/Central Govt.
No minimum qualifying marks required.

Coverage of expenses
Fee payable to college / school.
Examination / Library / Laboratory Fee.
Fee and other charges payable to hostel.
Purchase of books / equipments / instruments / uniforms.
Personal Computers / Laptops wherever required.
Caution deposit / building fund / refundable deposit supported by institution bills / receipts.

Maximum Loan Amount:
Rs.4 lacs

Baroda Gyan
A loan product specially designed for students pursuing Graduation, Post-Graduation, Professional & Other courses in India. Bank of Baroda extends a helping hand to energize your studies and promote education of the youth.

Courses Eligible

All Graduation courses.
All Post Graduation courses & Doctorate courses.
Professional Courses viz. Engineering, Medical, Agriculture, Veterinary, Law, Dental, Management, Computer, Auyurved, Homeopathy, Physiotherapy, Hotel Management, Hospital Management, Interior Designing, Architecture, Event Management, Mass Communication, Fashion Technology, etc.
Computer certificate courses of reputed institutes accredited to Dept. of
Electronics or institutes affiliated to Universities.
Courses like CA, ICWA, CFA, CS, etc.
Courses offered in India by reputed foreign Universities.
Evening courses of institutes approved by State/Central/Govt./UGC/AICTE/AIBMS/ICMR/ICAR.
Courses offered by National Institutes and other reputed private institutions.
The College/Institute must have been approved by the State/Central Govt./UGC/AICTE etc.

Student Eligibility
Should be Resident Indian.
Secured admission to either of above courses
No minimum qualifying marks.

Coverage of expenses
Fee payable to college / Institution / University.
Examination / Library / Laboratory Fee.
Fee and other charges payable to hostel.
Purchase of books / equipments / instruments / uniforms.
Personal Computers / Laptops wherever required.
Caution deposit / building fund / refundable deposit supported by instituion bills / receipts.
Any other expenses required to complete the course - like study tours, project works, thesis, etc.
Maximum Loan Amount: Rs.7.5 lacs

Margin
Upto Rs.4 lacs - NIL
Above Rs.4 lacs - 5%

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Baroda Scholar

Bank of Baroda presents financial assistance to students going abroad from India for Professional/Technical studies.

Courses Eligibility
Graduate/Post Graduate/Doctorate/Job Oriented Professional/Technical Courses offered by reputed Universities overseas.

Student Eligibility
Students should be an Indian National.
Secured admission to Professional/Technical Courses at foreign Universities/Institutions.
No minimum qualifying marks required.

Coverage of expenses for overseas studies
Admission/Tuition fees to College/University.
Hostel/Mess charges.
Examination/Library/Laboratory fee.
Purchase of books/equipments/instruments/uniforms.
Caution deposit/building fund/refundable deposit supported by institution bills/receipts.
One way travel expenses/Passage money.
Purchase of computers if essential for completion of the course. Any other expense required to complete the course e.g. study tour, project work, thesis etc.

Maximum amount of loan
Graduation & Other Courses up to 3 years duration: Rs.10 Lacs
Post graduation and other advanced studies: Rs.15 Lacs

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Baroda Loan for Executive Development

To help the future management leaders acquire higher specialized managerial skills and dominate the global arena, Bank of Baroda brings Baroda Loan for Executive Development, a unique loan facility from Bank of Baroda for working executives.

Eligibility of Courses
Full time Management courses including financial management conducted by IIMs.

Student Eligibility
Should be an Indian National.
Must possess bachelor's degree or higher education in any discipline. Gainfully employed in executive cadre atleast for 3 years OR If self-employed, must be associated in the business in managerial capacity for last 3 years.
Present gross annual emoluments / income of the applicant should not be less than Rs.2 lacs
Minimum Age: 25 years.
Maximum Age: As prescribed by the Institute imparting the course.
Quantum of Loan
Maximum: Rs. 8 lacs
Need based finance subject to repaying capacity of applicant, based on present / expected income after completion of the course.

Coverage of expenses
Fee payable to Institution.
Examination/ Library fee and other programme related material / network (internet) charges.
Purchase of computers if essential for completion of the course.
Project related expenses.
Hostel expenses.
Reasonable family expenses for the course period in case of married executives, subject to maximum of Rs. 1.20 lac p.a. Travel expenses for going abroad for the project assigned to the applicant relating to the programme.

Margin:
15% (Any scholarship / assistantship, if received, to be reduced from the total expenses of the course)