With the Government of India embarking on the need for significant economic reforms since the past decade and half, the demand for well-educated and experienced professionals belonging to various fields has grown exponentially. In our effort to empower the needs of the people, we have been constantly designing innovative financial products as our contribution to the ascent of one of world's fastest growing economies.

To help the future management leaders acquire higher specialized managerial skills and dominate the global arena, Bank of Baroda brings to you Baroda Loan for Executive Development, a unique loan facility for a niche community of working executives.

• To facilitate bright, enthusiastic and high potential working executives to undergo a specialized course to develop them into management leaders and change agents in the global arena.
  
  

Student Eligiblity :

• Should be an Indian National.
  
  
• Must possess bachelor's degree or higher education in any discipline.
  
  
• Gainfully employed in executive cadre atleast for 3 years OR
  
  
• If self-employed, must be associated in the business in managerial capacity for last 3 years.
  
  
• Present gross annual emoluments / income of the applicant should not be less than Rs. 2.00lacs.
  
  
• Age :
  Minimum - 25 years.
  Maximum : As prescribed by the Institute imparting the course.
  

• Maximum : Rs. 8.00 Lacs.
  
  
• Need based finance subject to repaying capacity of applicant, based on present / expected income after completion of the course.

• Fee payable to Institution.
  
  
• Examination/ Library fee and other programme related material / network (internet) charges.
  
  
• Purchase of computers if essential for completion of the course.
  
  
• Project related expenses.
  
  
• Hostel expenses.
  
  
• Reasonable family expenses for the course period in case of married executives, subject to maximum of Rs. 1.20 lac p.a.
  
  
• Travel expenses for going abroad for the project assigned to the applicant relating to the programme.

15% (Any scholarship / assistantship, if received, to be reduced from the total expenses of the course.)

Rate of Interest :

• Rates of interest charged will be as per Bank's policy on the date of disbursement of loan. (For current interest rates click here).

Repayment Holiday/Moratorium Period :


• Course period + 3 months or 1 month after getting new job or resuming job, whichever is earlier.
  
  Repayment Period :
  
  
• Maximum - 5 - years after the moratorium period in EMI.

As per Bank's norms.

Financing Branch :

Any branch situated in close proximity to :

• The permanent residence of the applicant OR
  
  
• The institution where the admission is sought OR
  
  
• The place where the immovable property, offered as security is located.

• As per bank's norms.

For further details, please contact the Bank of Baroda Branch nearest to you.



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