Eligibility Criteria & Interest Rates- Baroda Education Loan to students of premier Institutions

Published: Thursday June 27, 2019 15:17

This student education loan is given to Indian Nationals who have secured admission into premier educational institutions in India. The loan amount depends on the categorization of the institute (AA, A, B, C).

Eligibility

Courses Eligible

1. Full time regular Courses conducted by the Premier Educational Institutions.

Student Eligibility

1. Should be an Indian National
2.  Secured admission to professional / technical courses Abroad through Entrance Test / Merit Based Selection process.

Interest Rates & Charges

1. No special concession for girl students under this scheme.
2. Simple interest to be charged at monthly rests during the repayment holiday/moratorium period.
3. Penal interest @ 2% p.a. on overdue amount, if the loan amount exceeds Rs.4/- lacs.
4. The accrued interest during the repayment holiday period to be added to the principal and repayment in Equated Monthly Instalment (EMI) be fixed.

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