Following are the loan options available in Bank Of Baroda for Students:
Upto Rs. 4.00 lacs :- NIL;Above Rs. 4.00 lacs :- 5%;Margin is to be contributed on pro rata basis on year to year basis as and when disbursements are availed.
Simple interest to be charged at monthly rests during the repayment holiday / moratorium period.1% interest concession is provided if interest debited during repayment holiday is serviced.1% Concession in rate of interest to loans for girl student.Penal interest @ 2% p.a. on overdue amount, if the loan amount exceeds Rs.4.00 lacs.
Processing Fee : No processing charges
Course period + 1 year or 6 months after getting job, whichever is earlier.The loan is repayable in 5-7 years after the above period
Upto Rs.4 lacs : No security.Above Rs. 4.00 Lacs and up to Rs. 7.5 lacs: Collateral in the form of a suitable third party guarantee alognwith assignment of future income.Above Rs.7.5 lacs: Tangible collateral security equal to 100% of the loanamount along with assignment of future income
Delhi Tel: 3321562,3325147
Bangalore Tel: ‘5586137, 5595347
Chennai Tel: ‘8283652
Hyderabad Tel: ‘3237760, 3230450, 3230368
Kolkata Tel: ‘4754047
Mumbai Tel: 2656727