Welcome to the 7th episode of Loanflix web-series titled ‘Bank of Baroda education loan for abroad studies’. This episode will be giving you information regarding the Bank of Baroda abroad education loan schemes. It will also discuss the best scheme for abroad education loan, Bank of Baroda education loan interest rates, repayment periods, processing fee and much more.
Loanflix is the most comprehensive web-series on abroad education loans. The motive is to empower students and their guardians so that they can take an informed decision about the education loan. We understand that applying for an abroad education loan can be a confusing process for many of you. Clearing your doubts regarding the same is important to us.
Let us take a look at the major FAQ’s related to Bank of Baroda abroad education loan schemes.
What are the various Bank of Baroda education loan schemes?
This section will discuss the different types of education loan schemes offered by the Bank of Baroda. Did you know, that there is no need for a co-applicant if you go for the Bank of Baroda Executive Development program? To know the details about this, and many other abroad education loan-related queries, do check out this episode of Loanflix.
Which loan scheme is meant for abroad education loans?
The Bank of Baroda has a huge variety of education loan schemes, What sets their abroad education loan schemes apart from all the other banks out there? Do they have a separate list of institutions? If yes then what are the loan scheme benefits for applicants who apply to these institutions? Find out the answers to these and much more information in this part of the episode.
How much is the maximum loan amount offered?
Did you know what exactly is the top limit of the loan amount offered by the Baroda Scholar scheme? There are certain terms and conditions laid down by the bank regarding the same. To unearth more information, do watch this part of the 7th episode.
What are the interest rates for Baroda Scholar scheme?
Did you know that the Bank of Baroda has a specific list of premier institutes? Are you aware that the interest rates applicable to these institutes are different than those applicable to institutes that are not on this list? What is the MCLR set by Bank of Baroda? If these questions are bugging you, watch out for this portion of the episode.
How much time does the bank allow to pay back the loan amount?
Are moratorium period and loan repayment period the same? What is the difference between the two? What is the maximum loan repayment period stated by Bank of Baroda for their abroad education loan schemes? Damini, the co-founder of WeMakeScholars and the speaker in this episode explains these terms in broad details.
What is acceptable as collateral?
What is collateral? What is the accepted collateral as stated by the Bank of Baroda abroad education loan scheme? etc., are some of the important terms discussed in this part of the episode.
What percentage of expenses are covered under this loan scheme?
What exactly is covered under the term 'total expenses'? What else is covered by the loan amount apart from your tuition fees? Learn all about it in this section of the episode.
What is the processing fee charged by Bank of Baroda for this scheme?
Details like the basic processing fee charged by the Bank of Baroda for the Baroda scholar scheme and the additional charges applicable to collateral loan applicants, etc. are discussed in this part.
Is there any Bank of Baroda abroad education loan scheme for working professionals?
In this last part of this 7th episode, know the details of this special loan scheme offered by the Bank of Baroda to working professionals who need education loan to pursue their higher education in India as well as abroad.
We hope that this episode answers many of your queries regarding Bank of Baroda abroad education loan schemes. If it did, do stay tuned for our next episode in this series, titled, 'Education loans from Government Banks- Issues & solutions', in which our experts dismiss certain myths and discuss some of the issues faced by aspirants when they apply for education loans from Govt. banks and provide solutions for them. If you do like the episodes on Loanflix, Please don't forget to like this video and subscribe to our YouTube channel to avoid missing important updates regarding future episodes.
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Timezone : (GMT+05:30) Chennai
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Damini is the Cofounder & CEO of WeMakeScholars.com. It’s a BITS start up supported and funded under the IT Ministry, Govt. of India. The organisation’s motive is to offer unbiased collateral/non-collateral based education loan support to students who are planning for studying abroad. As this initiative is under the digital India campaign, it's at free of cost. WMS works with 14+ banks (public/pvt) in India and help you get the best edu loan matching your profile.
Prior to launching WeMakeScholars, Damini had done her masters from the University of Sheffield, UK. Her education was funded under the Developing Solutions Masters Scholarship which covered her full tuition fee ($ 38,000). Damini is also a gold medalist in her Bachelors and also won the outstanding student award from the Vice president of India.
She was the speaker at TiECon 2016 at Silicon valley, San Francisco in the social entrepreneurship segment. She was also covered in the Asian Entrepreneur magazine in the “Women on Top in Tech”, a global series of Women Founders, CEOs & Leaders in Tech.