Bank Of Baroda

Check list for Educational loan

Advance Department- Ghatkopar East 6/8/2012

Hostel Charges etc. . Examination Fee.CHECK LIST FOR EDUCATIONAL LOAN  DOCUMENTS REQUIRED  Application Form duly filled and signed in by the Applicant. if any.  Two Passport Size Photograph. are mentioned.  Copy of Passport/Visa.  Letter of Confirming Scholarship. cost of air fare (documentary detail) in case of studies abroad.  Proof of Identification:  Voter ID  Driving Licence  Passport  PAN card  Proof of Address:  Voter ID  Electricity bill  Telephone bill  Passport  Age Proof of the Applicant  Proof of admission to the course for which the loan is being applied  Prospectus of the course wherein charges like Admission Fee.  Mark sheets of the last qualifying examination for school and graduate.

 Affidavit that no loans have been availed from other banks in the applicant’s name. Valuation Certificate of Govt approved valuer and Non-encumbrance Certificate from approved Lawyer of the Bank. 4 lacs. .  Details of Assets & Liabilities of parents.copy of Title Deed. standing  If immovable property offered as Collateral Security .7. (if any)  Details/statements of Bank accounts held by the student applicant/co-obligant(s)/guarantors (if any) for the last six months. Guardians/Guarantor’s Form 135 with supporting documents  Income proof/latest income tax return of parents/coobligants.4. guarantors.50 lacs. Particulars of Guarantors and details of their Assets & Liabilities.00 lacs – No security # *.  Documentation for securities like mortgage in name of of property/NSC/KVP/FDR/LIC guarantor. # Collateral Security is required only for Educational Loan exceeding Rs. NOTE: # Upto Rs.  In case loan amount is above Rs. Guarantor is required only for educational loans exceeding Rs.4.00 lacs : *.

Government of India will provide full interest subsidy during the moratorium period on loans taken by students from the Bank. For loans sanctioned prior to 01. 4. either for first undergraduate degree course or the post graduate degrees / diplomas in India. expelled from Institutions on disciplinary or academic grounds. 10 lacs.2009. 10 lacs but subsidy amount will be calculated only upto loan amount of Rs.  Subsidy shall not be available if a student discontinues the course in midstream.04. Student should belong to Economically Weaker Section (not on social background) having parental family income from all sources not more than Rs. Indian Institutes of Management (IIMs) and other Institutions set up by the Central / State Government.04. Interest subsidy shall. . based on economic index and not social background.   After the moratorium period interest will be borne by student. be admissible for integrated courses (graduates + post graduates).2009 are eligible.  Interest rates charged on the loan shall be as per interest rates applicable under our Education Loan Scheme.  Interest subsidy shall be available to the eligible students only once.5 lac per annum. for the purpose of this scheme. other institutions recognized by the concerned Statutory Bodies. only interst on the amount disbursed after 01. however.  State Government will designate appropriate authority or authorities who are competent to issue Income certificate.INTEREST SUBSIDY FOR EDUCATIONAL LOAN   Course fee (all inclusive) may exceed Rs.  Subsidy will be available only to students enrolled in recognized Technical / Professional courses (after XII) in India in Educational Institutions established by Acts of Parliament.

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