Baroda Education Loan For EDP Being Offered By Premier Institutes Abroad

About Baroda Education Loan For EDP Being Offered By Premier Institutes Abroad Scheme

Designed for working professionals admitted to executive development programmes at foreign recognised institutions, the Baroda Education Loan for EDP is provided by top institutes abroad. This loan will help with other academic expenses, including tuition. The loan term is 15 years, which permits reasonable instalments. You have to be working both during the course and after earning admittance. This programme guarantees that you may keep your professional obligations and support your advanced studies financially to keep on your learning path.

Rate of Interest

The Baroda Education Loan For EDP being offered by premier institutes abroad offers interest rates based on the loan amount:

• Up to ₹7.5 lakhs: BRLLR + 2.00%, making the effective rate 10.90%.

• Above ₹7.5 lakhs: BRLLR + 2.35%, leading to an effective rate of 11.25%.

Additional Charges:

• Should a property be mortgaged, non-refundable ₹ 8,500 covers legal and valuation expenses.

• Prepayment Charges: Personal fund repayment is not charged.

• Should the loan be moved to another lender, a 0.50% charge is due.

This loan can also support a child education plan, helping professionals manage their children's studies and educational expenses.

Key Features of this Scheme

• Your Executive Development Programme (EDP) can be funded with up to ₹80 lakhs.

• The loan addresses travel expenses, tuition, study materials, and other academic expenses.

• Ten years is the flexible repayment period for the loan, providing financial convenience.

• Additional loan processing fees are not present.

• Along with financing your education, a child investment plan helps you to guarantee long-term financial stability and shapes your future. 

Investment

Secure

Secure your child’s future with or without you

Start Investing

₹10,000/Month

& Get

₹1 Crore^*

VIEW PLANS

*Standard T & C Apply

Eligibility Criteria

• Residency: You must be an Indian resident.

• Course Requirement: Premier institutions overseas offer Executive Development Programmes (part-time, online, or distance learning) for which the loan is eligible.

• Included are courses offered by: Times Pro, Hughes Global Education, or another recognised partner.

• Employment Status: You should be working and continuing to do so while following the programme.

Documents Required

• KYC records are for co-applicants as well as candidates.

• Academic records, together with the programme proof of admission.

• Entrance exam findings, if relevant.

• Statement of expenses or study's cost schedule.

• Employment confirmation and income evidence.

• Last six months' bank account statements

• Documents about properties, if relevant.

Most Important Terms and Conditions

• Loans between ₹4–7.5 lakhs have a 15% margin; greater sums have no margin.

• Processing Fee: 1% (limit ₹10,000), reimbursed following the initial outlay.

• Loans above ₹7.5 lakhs call for 100% tangible collateral and prospective income assignment.

• Tenure of Repayment: Up to fifteen years, plus three months for course duration.

• Under a child education plan, this loan assists in guaranteeing your child's education.

• Under Section 80 E, you can get tax deductions on interest payments, lessening your financial load.