Bank of Baroda Educational Loan
Different types of loans are provided to you by Bank of Baroda. Which proves to be very beneficial for you if you need money at that time. Today we will give you information in this post about the Educational Loan given by Bank of Baroda. With Bank of Baroda, you get a good Educational Loan of up to 15 years. You can get the loan amount of up to four lakhs. So friends, in today’s report, we are going to talk only about the Educational Loan given by Bank of Baroda. So if you want to know that you can get Educational Loan from Bank of Baroda in your own way. Do read this post of ours till the end. Before proceeding in the post, first of all, let’s talk about joining cation loan through Bank of Baroda, under which different schemes you will be given loan in that Educational Loan.
Types Of Bank of Baroda Educational Loan
• Baroda Vidya
• Baroda Gyan
• Baroda Educational Loan To Students Of Premier Institution (For Studies In India)
• Baroda Scholar
You got to know about the different schemes from Bank of Baroda that you will be given Educational Loan under. Now let us talk that you will get to see the maximum amount of Educational Loan from Bank of Baroda.
Maximum Loan Amount Of Bank of Baroda Educational Loan
The Educational Loan that will be given to you by Bank of Baroda will be available to you on the basis of different types. Therefore, the loan amount that will be given to you from here will also be given on the basis of different types. But from here you can take an Educational Loan of up to four lakhs very comfortably. But if you want to take the biggest Educational Loan from here as much as possible, then that loan will be told to you by the bank itself that how much loan is that bank to you. Will give Which will depend on the basis on which type of loan you have taken from here.
Friends, we are going to give you good information about all the loans that you will get to see loans under different schemes in the Educational Loan given by Bank of Baroda.
Detailed Information About Different Types Of Educational Loan From Bank of Baroda
First of all, we are going to give you information about Baroda Vidya Loan given by Bank of Baroda.
This loan is given to the children studying in any board recognized school in India.
Loan Amount Of Baroda Vidya
With this type of loan offered by Bank of Baroda, you can get loan of as low as you want. But if you want to get maximum loan from here, then you can get only up to ₹ 400000.
Interest Rate Of Baroda Vidya Educational Loan
On this Educational Loan given by Bank of Baroda, you will be charged interest at the rate of at least 7.50% by Bank of Baroda. If you take more and more from here, then the interest you will get here will be seen at the rate of 9.75%. Therefore, the interest rate of Baroda Vidya ranges from 7.50% to 9.75%.
Processing Fee Of Baroda Vidya
The processing fee charged by Bank of Baroda to you on this type of loan will be absolutely zero. You will not have to pay any processing fee here.
Security Needed For Baroda Vidya
Under the Baroda Vidya Educational Loan scheme, you will not need any kind of security, now you can get a loan from here alone without any security.
Loan Tenure Of Baroda Vidya Educational Loan
For how long will this loan be given to you, for how long your studies will be going on. You will not need to deposit any installment in the first 12 months. Whatever installment you deposit to this bank every year, you can deposit it in 12 months i.e. 12installments.
Eligibility Criteria For Baroda Vidya Educational Loan
To take Baroda Vidya Educational Loan, you have to fulfill the eligibility criteria given below.
1. To get Educational Loan from Baroda Vidya, you must be a citizen of India.
2. Any student who wants to get this loan should study in a recognized school only.
3. Whatever loan will be given to you from here, it will not be grand in the name of the student. That loan will be grand in the name of the student’s parents.
After getting information about the Educational Loan given under the Baroda Vidya scheme, now let us talk about the second type of Educational Loan given by Bank of Baroda, whose name is Baroda Gyan.
• Baroda Gyan
Baroda Gyan Loan is mainly given to the college students. Those who are doing some kind of graduation or are doing post graduation. Or are doing any different type of course but that course should be in India.
Loan Amount Of Baroda Gyan
Under the Baroda Gyan scheme, you can get an Educational Loan up to a maximum of Rs 4000000, which you will get only if you are a medical student. You must be studying medicine. If you are not a medical student then you can get Educational Loan up to ₹ 60,00,000.
Interest Rate Of Baroda Gyan
Under the Baroda Gyan Educational Loan scheme, you will be charged interest at the rate of 9.25%.
Processing Fee Of Baroda Gyan Educational Loan
You will not get to see any kind of processing fee on the Educational Loan given under the Baroda Gyan scheme. Under the scheme, you will get the administration piece exactly 0.
Collateral Needed For Baroda Gyan
If you get an Educational Loan of up to four lakhs from here, if you apply for the conventions up to four lakhs, then you will not need any kind of collateral here. But if you will get Educational Loan above four lakhs from here, then you will need Collateral here. You can also take the help of your parents for this.
Loan Tenure Of Baroda Gyan
Whatever Educational Loan you get under the Baroda Gyan scheme, that Educational Loan will be given to you for 15years.
Eligibility For Baroda Gyan
Whichever college you will go to for admission or whatever college you have come to take admission in that college, the courses given below should be necessary.
• Graduation courses
• Professional courses.
• Management courses.
• Computer certificate courses.
• Courses such as CFA CA ICWA.
• Diploma courses
• Teachers training courses
So you have to take admission in the same college in which any of these courses are available.
Key Benefits Of Baroda Gyan
• First of all, you are not charged any kind of processing fee here.
• Here you are given a loan of up to ₹ 400000at no interest rate.
• You are given here absolutely free debit card from which you can withdraw money anytime.
Documents Required For Bank of Baroda Educational Loan
Through Bank of Baroda, you get to see different types of Educational Loans, but in all those conventions, you will need only one type of documents, which is the following.
Main Documents To Be Submitted For Bank of Baroda Educational Loan
• Application form
• Passport size photographs
• Admission proof
• Proof of income
• Documents of collateral
• Bank statement
• You have to show 10th and 12th numbers here.
• If you have given any paper anywhere else, then you have to show its numbers also.
• To take admission for the college in the office, the entrance exam that would have taken place in that college, how many marks you would have got in that exam, you will also have to show it.
• If you have received any kind of stipend, then you will also have to show the documents for it.
Proof Of Address -: Here you have to show the following documents if you have to show this company address proof to this bank.
1. You will need Voter ID card.
2. You will need a driving license.
3. Aadhar card will be required.
4. Passport will be required.
So friends you will absolutely need documents.
How To Apply For Bank Of Baroda Educational Loan
So you have to first go to the official website of Bank of Baroda and go to the Educational Loan option.
After this, whatever type of Educational Loan you want to get, you have to choose that Educational Loan.
Nevertheless, here you have to apply for this by going to the option of Apply No.