An important investment n individual makes in his life is Education. Financial support is very much essential in certain studies for further higher studies and specialization. A timely savior is a bank loan. Bank of Baroda offers the Baroda Vidya loan for School students
Some of them are
Bank of Baroda
The Bank of Baroda offers loan for students scheduling education from (nursery to XII STD), pursing education from graduate to post graduate. To accomplish your goals the bank of Baroda helps you to a great extent.

Baroda Vidya loan

Bank Vidya loan is offered for student pursuing school education from Nursery to Senior Secondary School.
No processing & documentation charges.

No Margin is needed

No security is required.

Terms & Conditions

Eligibility:

Should be an Indian citizen residing in India.

Student should have been admitted to a recognized school / High school / Jr. College (including CBSE / ICSE / State Board) for any one of the following courses

Stage I: Nursery to Vth STD.

Stage II : VI th to VIII STD.

Stage III : IX th to XII th STD.

Coverage of expenses for:

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.4.00 Lacs

Repayment Period:

Loan for each yearly sub limit is repayable in 12 equal monthly installments. First installment to be due 12 months after first disbursement of each year's loan component.

The parents must be residing in the place for a minimum period of -3- years, except in the case of transferable job.

Security :

In case the loan is given for purchase of computer the same is to be hypothecated to the bank.

Rate of Interest :

FOR PRESENT RATE OF INTEREST: visit www.bankofbaroda.com

1% concession in rate of interest to loans for girl students.

Interest to be serviced as and when applied during moratorium period.

Penal Interest @ 2% on overdue amount if the loan amount exceeds Rs. 2/- lacs