BOB Education

Loan for Abroad

EDP
 About Bank of Baroda
❏ Bank of Baroda was established in 1908 and provides various
domestic and international banking services to corporate and retail
customers.
❏ Bank of Baroda (BOB) has been financing the dreams of thousands
of students to study abroad.
❏ BOB has a flagship education loan scheme, Bank of Baroda Scholar
which provides financial assistance to students wishing to pursue
executive development programs or regular courses in overseas
universities.
 As a commercial bank, Bank of Baroda provides the following interest
subsidy :-

1. Dr. Ambedkar Central Sector Scheme of Interest Subsidy for

abroad studies for Other Backward Classes and Economically
Backward classes
2. Padho Pardesh interest subsidy Scheme for minority communities.
3. Central Scheme of Interest Subsidy (CSIS) for Economically
Weaker sections
Given below is a video about BOB Education Loan.
Click the image to know more.
 BOB Education Loan for EDP
Bank of Baroda also provides education loans for Executive Development
Programme (EDP) being offered by Premier Institutions Abroad

Features Details

Loan Amount ● Rs. 80 lakhs

● Amount of loan shall be<=

Collateral
100% of collateral value
 Features Details

● Listed Universities: 9.45% for

girls, 9.95% for boys,
● Unlisted Universities: 10.20% for
Rate of Interest girls, 10.70% for boys.
● Interest rates are linked to
MCLR

● No margin money upto Rs.4 lakh

Margin Money Above Rs.4 lakh - 5%
 Features Details

● An amount of Rs.10,000 + GST

(Rs.10,000 refundable)
● Additional property valuation
Processing Fee
charges include Rs. 7,500, in case
of collateral of Real Estate

● Above Rs.7.5 lakh: Moratorium

period + 15 years
Loan Tenure ● Upto Rs.7.5 lakh: Moratorium
period + 10 years
 Features Details

Moratorium Period ● Course period + 6 months

Prepayment Penalty ● No
 Other Features
❏ Early approval of loan before i20 or visa.
❏ Covers both tuition and living expenses, including off campus living
expenses.
❏ Tax benefit u/s 80(E).
❏ No need to pay interest during the course tenure.
❏ Pre-visa disbursal as per the norms of visa offices.
❏ No pre-payment penalty.
❏ 0.50% concession in the interest rates for the girl student.
 Documents Required
Applicant Co-Applicant

❏ Identity Proof ❏ Identity Proof

❏ Address Proof ❏ Address Proof
❏ Past Academic Record
❏ GMAT, GRE, TOEFL scores
❏ Proof of Admission
 Documents Required
Applicant
❏ Statement of cost/expenses
❏ 2 passport size photographs
❏ Legal documents of the
collateral/ Property documents
Co-Applicant
❏ 2 passport size photographs
❏ Loan A/C statement of one
year, if there is any previous
loan
❏ Legal documents of the
collateral/ Property documents
 Income Proof for Salaried Co-
Applicant/Guarantor
❏ Salary slip of last 3 months
❏ Copy of Form 16 for last 2 years
❏ Bank A/C statement for the last
6 months(of salary A/C)
Income Proof for Self-employed Co-
Applicant/Guarantor
❏ Business address proof
❏ Last 2 years IT return
❏ TDS Certificate(Form 16A, if
applicable)
❏ Certificate of Qualification(for
professionals)
❏ Bank A/C statement for the last
6 months
 Loan Process
1. Online application at GyanDhan and uploading of documents at
the GyanDhan website. Free doorstep document collection by the
GyanDhan executive.
2. Processing and approval of the documents.
3. Sanctioning of loan and disbursal of payment.

Check loan eligibility

Request a Callback
 The GyanDhan Effect

❏ Doorstep
❏ Low
Service
Turnaround
Time

❏ No Cost to ❏ Higher
You Chances of
Approval
Given below is a video of the customer’s experience
with GyanDhan in procurement of education loan.
Click the image to know more.
 About GyanDhan
❏ GyanDhan is an education loan marketplace which aims to make
higher education accessible for every aspiring student, irrespective
of their financial background. We have partnered with chief
financial institutions from India and abroad and have been
helping students to secure the best education loan for abroad with
the least amount of hassle in a shorter period of time.
❏ GyanDhan was awarded by the US State Department at the
Global Entrepreneurship Summit 2017.
GyanDhan has various tools to help the students
evaluate their profile which are:-

Estimate
Future
Earnings

SOP Admit
Review Predictor
GyanDhan Tools

EMI University
Calculator Compare
 Other Sources
GyanDhan has various other blogs and presentations regarding Avanse
education loan on its website. The links to these sources are as follows:

❏ How to Get a Bank of Baroda Education Loan: A Detailed

Guide
❏ All You Need to Know About Education Loan With
Collateral
❏ Ways to Get an Education Loan without Collateral for Abroad
Studies
❏ How Do Different Universities Value GRE Scores?
 Contact Us

❏ Address: 1st Floor, 262, Westend Marg, Saidulajab, Saket, New Delhi, 110030
❏ Website: www.gyandhan.com
Contact@gyandhan.com
❏ Call us at:
● For loan : 9319431090
To request a callback