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Period of Loan
5 years
Purpose
Tuition fees, Library/Other institution charges, Hostel/Mess charges, Travel expenses abroad (one way only)
Amount of loan
For studies in India
Rs.550000
For studies abroad
Rs.1.5 million
Interest Rate
Depending on the loan amount with maximum of 13.77%
Margin Required
Maximum 15%, depending on the loan amount. 20% of the loan amount in case of abroad studies
Period of Loan
The loans are to be repaid starting from 6 months after course completion or 1 year after getting a job
For updated information please visit Bank of Baroda |
