Bank of Baroda

Bank of Baroda (BoB) is an Indian state-owned banking and financial

services company headquartered in Vadodara. It offers a range of banking
products and financial services to corporate and retail customers through its
branches and through its specialized subsidiaries and affiliates in the areas of
retail banking, investment banking, credit cards and asset management. Its
total global business was 8,021 billion as of 31 mar 2013, making it the
second largest Bank in India after State Bank of India. In addition to its
headquarters in its home state of Gujarat it has a corporate headquarters in
the Bandra Kurla Complex in Mumbai.
Based on 2012 data it is ranked 715 on Forbes Global 2000 list. BoB has
total assets in excess of 3.58 trillion (short scale), 3,583 billion (long
scale), a network of 4283 branches (out of which 4172 branches are in India)
and offices, and over 2000 ATMs.
The bank was founded by the Maharaja of Baroda, H. H. Sir Sayajirao
Gaekwad III on 20 July 1908 in the Princely State of Baroda, in Gujarat.
The bank, along with 13 other major commercial banks of India, was
nationalized on 19 July 1969, by the Government of India and has been
designated as a profit-making public sector undertaking (PSU).

Baroda Manipal postgraduate diploma in banking and finance
Bank of Baroda and Manipal University have established the Baroda
Manipal School of Banking, which offers a Postgraduate Diploma in
Banking & Finance (PGDBF) from Manipal University. Entry will require
passing a written test and a subsequent group discussion and personal
interview. The duration of the course is just -1- year. After which successful
graduates will join Bank of Baroda as management trainees.


Bank of Baroda offers a wide range of retail loans to meet your diverse
needs. Whether the need is for a new house, child's education, purchase of a
new car or home appliances, our unique and need specific loans will enable
you to convert your dreams to realities.

Key products



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



Baroda Career Development Loan

Auto Loan



Two Wheeler Loan

Loan to Doctors



Traders Loan

Personal Loan



Baroda Ashray (Reverse Mortgage
Loan)
Loan for financing Individuals for
subscription to Public Issues /IPO

Baroda Advance Against Gold Baroda Traders Loan Against the
Ornaments /Jewelries
(At Urban & Metro Centers)
Security of Gold Ornaments
/Jewelries (At Urban & Metro
Centers)

Baroda Additional Assured Advance
(AAA) (Resident / NRIs /PIOs)
Baroda Traders Gold Card Scheme

Credit Risk Guarantee Fund Scheme
for Low Income Housing (CRGFS)




Baroda Education Loan

Education is the most important investment one makes in life. Higher studies
and specialization in certain fields call for additional financial support from
time to time.
Whether you are planning school education (nursery to standard XII) of your
child, pursuing a graduate or post-graduate degree, the Bank of Baroda
Education Loans, can help finance your ambitions and goals.
Following are the loan options available:
Baroda Vidya
Baroda Gyan
Baroda Scholar
Baroda Education Loan for Vocational
Education & Training
Central Scheme of Interest Subsidy for
Education Loans



Baroda Vidya
Bank of Baroda presents a one of its kind finance option for parents of
students pursuing school education. These loans are available for studies
from Nursery to Senior Secondary School.
No processing & documentation charges.
No Margin.
No security required.


Eligibility:
Should be an Indian national residing in India.
Student should have secured admission to a recognized school / High
school / Jr. College (including CBSE / ICSE / State Board) for any of
the following courses
1. Stage I: Nursery to V
Th
STD.
2. Stage II: VI
Th
to VIII
Th
STD.
3. Stage III: IX
Th
to XII
Th
STD.

Coverage of expenses for:
Fee payable to college / school.
Examination / Library / Laboratory Fee.
Fee and other charges payable to hostel.
Purchase of books / equipments / instruments / uniforms.
Personal Computers / Laptops wherever required.
Caution deposit / building fund / refundable deposit supported by
institution bills / receipts.

Maximum Loan Amount: Rs.4.00 Lacs

Repayment Period:
Loan for each yearly sub limit is repayable in 12 equal monthly
installments. First installment to be due 12 months after first
disbursement of each year's loan component.
The parents must be residing in the place for a minimum period of -3-
years, except in the case of transferable job.
Security:
In case the loan is given for purchase of computer the same is to be
hypothecated to the bank.
Rate of Interest:
1% concession in rate of interest to loans for girl students.
Interest to be serviced as and when applied during moratorium period.
Penal Interest @ 2% on overdue amount if the loan amount exceeds
Rs. 2/- lacs.

Baroda Gyan
A loan product specially designed for students pursuing Graduation, Post -
Graduation, Professional & Other courses in India. Bank of Baroda extends
a helping hand to energize your studies and promote education of the youth.
No processing charges.
No Margin on loans up to 4 lacs.
Free Debit Card.


Courses Eligible:
All Graduation courses.
All Post Graduation courses & Doctorate courses.
Professional Courses viz. Engineering, Medical, Agriculture,
Veterinary, Law, Dental, Management, Computer, Ayurved,
Homeopathy, Physiotherapy, Hotel Management, Hospital
Management, Interior Designing, Architecture, Event Management,
Mass Communication, Fashion Technology, etc.
Computer certificate courses of reputed institutes accredited to Dept.
of Electronics or institutes affiliated to Universities.
Courses like C.A, ICWA, CFA, CS, etc.
Courses conducted by IIM, IIT, IISc, XLRI. NIFT etc.
Regular Degree/ Diploma courses like Aeronautical, pilot training,
shipping etc., approved by Director General of Civil
Aviation/shipping.
Other courses leading to diploma / degree etc. conducted by
colleges/universities approved by UGC/Govt./ AICTE/ AIBMS/
ICMR etc.
Courses offered in India by reputed foreign Universities.
Evening courses of institutes approved by
State/Central/Govt./UGC/AICTE/AIBMS/ICMR/ICAR.
Courses offered by National Institutes and other reputed private
institutions. The College/Institute must have been approved by the
State/Central Govt./UGC/AICTE,etc.

Student Eligibility:
Should be Resident Indian.

Secured admission to either of above courses

A meritorious student (who qualifies for a seat under merit quota) will
also be eligible for loan under this scheme even if the student chooses
to pursue a course under Management Quota.


Or courses under Management Quota Seats considered under the
scheme, fees as approved by the State Government/ Government
approved regulatory body for payment seats will be taken, subject to
viability of repayment.

Additional concession of 1.00% to the students who have sought
admission in premier institutions viz. IIMs, IITs and AIIMS / AFMC
for loans of more than Rs 7.50 lacs secured by tangible securities.


Coverage of expenses:
Fee payable to college / Institution / University.
Examination / Library / Laboratory Fee.
Fee and other charges payable to hostel.
Purchase of books / equipments / instruments.
Personal Computers / Laptops wherever required.
Caution deposit / building fund / refundable deposit supported by
institution bills / receipts.
Any other expenses required to complete the course - like study tours,
project works, thesis, etc.
Maximum Loan Amount: Rs.10.00 Lacs.
Margin:
Up to Rs. 4.00 lacs: - NIL

Above Rs. 4.00 lacs: - 5%
Margin is to be contributed on pro rata basis on year to year basis as
and when disbursements are availed.

Repayment Holiday / Moratorium Period:
Course period + 1 year or 6 months after getting job, whichever is
earlier.

Repayment Period:
Repayable in 120 maximum Installments for loan amount up to Rs
7.50 lacs
Repayable in 180 maximum Installments for loan amount above Rs
7.50 lacs.

Security:
Up to Rs.4 lacs : No security
Above Rs. 4.00 Lacs and up to Rs. 7.5 lacs: Collateral in the form of a
suitable third
party guarantee along with assignment of future income.
Above Rs.7.5 lacs: Tangible collateral security equal to 100% of the
loan
amount along with assignment of future income
Rate of Interest:
Simple interest to be charged at monthly rests during the repayment
holiday / moratorium period.
1% interest concession is provided if interest debited during
repayment holiday is serviced.
1% Concession in rate of interest to loans for girl student.
Penal interest @ 2% p.a. on overdue amount, if the loan amount
exceeds Rs.4.00 lacs.
For loans above 4 lacs, interest rate will be 2 % above base rate for
ISB, Hyderabad Students which is 2 % less than that for students of
other institutes

Baroda Scholar
Bank of Baroda presents financial assistance to students going abroad for
Professional / Technical studies. The loan offering is designed to empower
you with the financial capability to realize your dreams... Achieve your
goals... Reach out to the maximum limits...



Eligibility of Courses:

Graduate/Post Graduate / Doctorate / Job Oriented Professional / Technical
Courses offered by reputed Universities overseas.
Regular Degree/ Diploma courses like Aeronautical, pilot training, shipping
etc. The Institute should be recognized by the competent local aviation /
shipping authority and Director General of Civil Aviation/shipping in India.
Student Eligibility:
Should be an Indian National.
Secured admission to Professional/Technical Courses at foreign
Universities/Institutions.
Coverage of expenses (for overseas studies):
Admission/Tuition fees to College/University.
Hostel/Mess charges.
Examination/Library/Laboratory fee.
Purchase of books/equipments/instruments.
Caution deposit/building fund/refundable deposit supported by
institution bills/receipts.
One way travel expenses/Passage money.
Purchase of computers if essential for completion of the course.
Any other expense required to complete the course e.g. study tour,
project work, thesis etc.

Maximum amount of loan: Rs. 20.00 Lacs.
Margin: 15%


Repayment Holiday / Moratorium Period:
Course period + 1 year or 6 months after getting job, whichever is
earlier.
Repayment Period:
Repayable in 120 maximum Installments for loan amount up to Rs
7.50 lacs
Repayable in 180 maximum Installments for loan amount above Rs
7.50 lacs.

Security:
Up to Rs.4.00/- lacs : No security
Above Rs. 4.00 Lacs and up to Rs. 7.5 lacs: Collateral in the form of a
suitable third
party guarantee along with assignment of future income.
Above Rs.7.5 lacs: Tangible collateral security equal to 100% of the
loan
amount along with assignment of future income
Rate of Interest:
Simple interest during repayment holiday/moratorium period.
1% interest concession, if interest debited during the repayment
holiday is serviced.
1% Concession in rate of interest to loans for girl student.
Penal interest @ 2% p.a. on overdue amount if loan exceeds Rs.4/-
lacs.

Baroda Education Loan for Vocational Education & Training
1. Scheme shall be applicable at all our Branches across the country

2. The prospective borrower should be an Indian National and have
secured admission in a course approved /supported by a Ministry/
Deptt/ Organization of the Govt or a Company /Society/ Organization
supported by National Skill development Corporation or State Skill
Missions /State Skill Corporation leading to a certificate /diploma
/degree etc. by Govt. Organization or an Organization recognized
/authorized by Govt to do so.

3. Courses eligible: Vocational /Skill development courses of duration
from 2 months to 3 years run or supported by a Ministry
/Deptt/Organization of the Govt or a company /society/
organization supported by National Skill Development Corporation or
State Skill Missions /State Skill Corporations, preferably leading to a
certificate /diploma /degree etc. issued by a Government Organization
or an organization recognized /authorized by the Govt. to do so. State
Level Bankers committee (SLBC) / State level Co-ordination
Committee (SLCC) may add other skill development courses
/programmes, having good employability.

4. The Student should not be minor and in case he is a minor, documents
shall be executed by the parents and bank will obtain a letter of
ratification from him/her upon attaining majority. There is no bar on
maximum age of the borrower
Need based finance to meet expenses will be considered subject to
following:
1 For courses of duration up to 3 Months Rs.20000/
2 For courses of duration >3 months and up to 6 months Rs.50000/
3 For Courses of duration >6 months to 1 year Rs.75000/
4 For courses of duration above 1 year Rs.150000/

Following expenses shall be considered for granting the loan
under this scheme:

1. Tuition fee/Course fee
2. Examination /Library/Laboratory fee
3. Caution Deposit
4. Cost of Books/Equipments and Instruments
5. Any other reasonable expenditure found necessary for completion of
the course.

There will not be stipulation of any margin under the product i.e.
Margin will be Nil-
Rate of Interest shall be Base rate plus 2% i.e. 12.50% at present
and simple interest shall be charged till the start of repayment.
Servicing of interest during Study Period and Moratorium Period shall
be at the option of the borrower. In case, interest is serviced during the
study period and Moratorium period, Concession of 1% in interest
rate for entire tenure of loan shall be provided.
For girl students, an incentive in the form of 1% Interest Concession shall be
provided as being provided under our Education Loan Product.

Processing Charge/documentation Charges: NIL
Security: No Collateral or third party guarantee will be obtained,
however, the parent will execute loan document along with the
student borrower as joint borrower.
1. Moratorium Period and Repayment: Repayment of loan will
commence after a period of 6 months from the completion of course
of maximum 1 year duration. Whereas for courses of duration of more
than 1 year, Repayment will commence after a period of 12 months
from the completion of course. Maximum Repayment period will be
as under:
Loans up to Rs 50,000 : Up to 2 Years
Loans between Rs 50,000 to Rs 1 lac : 2 to 5 Years
Loans above Rs 1 lac : 3 to 7 Years

2. Insurance: Group credit Life Insurance Cover will be available at the
option and cost of the borrower. Cost of Insurance Premium may be
financed by Bank by adding the same in the project cost and shall be
recovered along with EMIs of the loan.

3. The Borrower can repay the loan any time after commencement of
repayment WITHOUT having to pay any prepayment charges.




** Additional concession of 1.00% to the students who have sought
admission in premier institutions viz. IIMs, IITs and AIIMS / AFMC for
loans of more than Rs 7.50 lac secured by tangible securities.

Central Scheme of Interest Subsidy for Education Loans
Government of India, Ministry of Human Resources Development, and
Department of Higher Education has formulated an Interest Subsidy for
Education Loans for the students of economically weaker section (EWS) for
pursuing technical / professional courses in India.
Salient features of scheme are as under:
Scheme will be named as Education Loan Interest Subsidy
Scheme specially designed to provide Interest Subsidy for the period
of moratorium on educational loans taken by students from
Economically Weaker Sections from our Bank under the educational
loan scheme of the Indian Banks Association to pursue Technical /
Professional Education studies in India.
Baroda Education Loan
Loans up to Rs.4.00 lacs Base Rate + 2.50%
Loans above Rs.4.00 lacs and up to
Rs 7.50 lacs
Base Rate + 4.00%
Loans above Rs.7.50 lacs Base Rate + 3.50%
Baroda Education Loan for
Vocational Education & Training
Base Rate + 2.00%
Course fee (all inclusive) may exceed Rs. 10 lacs but subsidy
amount will be calculated only up to loan amount of Rs. 10 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 01.04.2009, only interests on the amount
disbursed after 01.04.2009 are eligible.
After the moratorium period interest will be borne by student.
Student should belong to Economically Weaker Section (not on
social background) having parental family income from all
sources not more than Rs. 4.5 lac per annum.
State Government will designate appropriate authority or authorities
who are competent to issue Income certificate, based on economic
index and not social background, for the purpose of this scheme.
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, other institutions
recognized by the concerned Statutory Bodies, Indian Institutes of
Management (IIMs) and other Institutions set up by the Central / State
Government.
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,
either for first undergraduate degree course or the post graduate
degrees / diplomas in India. Interest subsidy shall, however, be
admissible for integrated courses (graduates + post graduates).
Subsidy shall not be available if a student discontinues the course in
midstream, expelled from Institutions on disciplinary or academic
grounds.
There would be tag / marker on the degree and mark sheet of the
student indicating his repayment liabilities. Electronic tag will enable
employers to identify loanees. Nodal Bank for the scheme shall be
Canara Bank and monitoring shall be finalized in consultation with
the Canara Bank.
List of Technical / Professional courses for which the scheme would
be applicable shall be publicized from time to time by UGC and
AICTE and the same would be immediately displayed at their
websites, which may be accessed for verification purposes.
Agreement is also to be signed by the student and Bank.




Baroda Career Development
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.


Eligibility 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 Eligibility:
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:
Maximum 60 EMIs.

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.
Baroda Career Development