Gainfully employed persons intend to pursue higher education, vocational courses, trainings, pilot trainings, skill up gradation, diploma or degree courses offered in aviation, hospitality and travel management, executive development etc. in India / abroad.
To help the future management leaders acquire higher specialized managerial skills and dominate the global arena, Bank of Baroda brings to you Baroda Career Development, a unique loan facility for working persons.
Terms & Conditions
Eligiblity of Courses :
- Graduate, Post Graduate, Diploma, Professional Courses, Specialization courses offered by reputed Universities/ Institutions (Indian or Overseas), having assured employment prospects,
- Skill up gradation courses offered by various institutes (Indian/Overseas), having assured employment prospects,
- Courses offered by Hospitality Management Institutes for Skill upgrade/Short course/ Training etc.
- Pilot Training Courses, offered by reputed Institutions (Indian or Overseas), approved by Director General of Civil Aviation (DGCA) /International Civil Aviation Organization (ICAO).
Student Eligiblity :
- Should be an Indian National.
- Have secured admission to the course through entrance test / merit based selection process.
Maximum Quantum of Loan :
- Need based finance subject to repaying capacity of applicant, based on present / expected income after completion of the course.
- In India: Rs. 10.00 Lacs.
- Abroad : Rs. 20 Lacs.
Coverage of expenses :
- Tuition Fees, Examination/ Library fee etc. charged by the Institution.
- Hostel fees.
- Cost of Books, equipments, instruments, etc.
- Personal Computers/ Laptops, wherever required.
- Any other expenses required to complete the Course viz: Study Tours, Project works, thesis, etc.
Margin :
15% (Any scholarship / assistantship, if received, would not be included in margin).
Repayment Period :
Repayment Holiday :
- Course period + 6 months or 3 months after getting a job, whichever is earlier.
Security :
- 100% tangible collateral security by way of mortgage of property or assignment of securities NSC, KVP, LIC policy, FDR etc.
- Personal guarantee of Father / mother of the applicant or any other person having sufficient worth.
RATE OF INTEREST: (CLICK HERE FOR CURRENT INTEREST RATES).
PROCESSING CHARGES: (CLICK HERE FOR DETAILS)
For further details, please contact the Bank of Baroda Branch nearest to you.
> Home Loan
> Home Loans to NRIs / PIOs
> Home Improvement Loan
> Interest Subsidy Scheme For Housing The Urban Poor (ISHUP)
> Loan Against Future Rent Receivables
> Mortgage Loan
> Advance Against Securities
> Education Loan
> Career Development Loan
> Car Loan
> Two Wheeler Loan
> Loan to Doctors
> Traders Loan
> Personal Loan
> Loan for financing Individuals for subscription to Public Issues /IPO
> Baroda Ashray (Reverse Mortgage Loan)
> Baroda Advance Against Gold Ornaments /Jewellries (At Urban & Metro Centres)
> Baroda Traders Loan Against the Security of Gold Ornaments /Jewellries (At Urban & Metro Centres)
