For Indian Nationals who have secured admission to Professional/Technical Courses at foreign Universities and Institutions.
Covers: admission/tuition fees to college/university, hostel/mess charges, examination/library/laboratory fee, purchase of books/equipments/instruments/uniforms, caution deposit/building fund/refundable deposit supported by institution bills/receipts, one way travel expenses, purchase of computers if essential for completion of the course, and any other expense required to complete the course.
Maximum amount of loan: Rs. 15 Lacs, margin: 15%. Rates of Interest: Up to Rs.4.00 lacs - BPLR with monthly rests, Above Rs. 4.00 lacs: BPLR +1.00% with monthly rests.
Repayment period: the loan is repayable in 5 years after the course year or 6 months after getting a job.
For further details, please contact the Bank of Baroda Branch nearest to you.