Apply for Education Loan Fiji : Bank of Baroda

Organization : Bank of Baroda
Facility : Apply for Education Loan
Country : Fiji

Website : https://www.bankofbaroda-fiji.com/

Baroda Education Loan :

We offer loan facility to study in Fiji as well as to study abroad.

Related : Bank of Baroda Internet Banking Fiji : www.statusin.org/27844.html

Loan to study in Fiji :
Eligibility :
All Fiji citizens who has secured admission in a recognised college/ institute / university for education in the class after Form VI or for diploma / degree / postgraduate courses are eligible for Baroda Education Loan.

Loan Coverage – Baroda Education Loan would cover following educational expenses
** Admission / Tuition Fees
** Examination / Library / Laboratory Fees
** Hostel / Boarding / Mess Charges

** Purchase of Books / Equipments / Instruments / Uniform / Computer / Laptop which are supported by institution bill / receipts
** Any other expenses like study tour, project work, thesis etc which required to complete the course.

Maximum Loan Amount :
Loan can be given for maximum to following limits subject to repayment capacity of the parents
Diploma course : $10,000.00

Graduation Course : $25,000.00
Post Graduation : $20,000.00
Margin/Contribution : 10%

Repayment Period :
1. For Course period from 12 months to 18 months Maximum 24 equated monthly installment to be commenced 6 months after first disbursement

2. For Course exceeding 18 months Maximum 48 equated monthly installment to be commenced 12 months after first disbursement

Other Information :
** Loan amount and repayment amount will also depend upon the repayment capacity of the parents in such a way that total deductions from the income of the parents should not exceed sixty percent of the income net of statuary deductions.

** Loan needs to be secured by liquid security viz. Term Deposits, Life Insurance Policy or by way of first registered mortgage of property.
** For further details please contact any of our branch.
** Other Terms and Conditions apply

Loan to study abroad :
Eligibility :
All Fiji citizens who has secured admission in professional / technical courses abroad through entrance / merit based selection process are eligible for Baroda Education Loan.

Loan Coverage :
Baroda Education Loan would cover following educational expenses
** Admission / Tuition Fees
** Examination / Library / Laboratory Fees

** Hostel / Boarding / Mess Charges
** Purchase of Books / Equipments / Instruments / Uniform / Computer / Laptop which are supported by institution bill / receipts

** Any other expenses like study tour, project work, thesis and one way travel expenses / passage money etc which required to complete the course.

Maximum Loan Amount :
Loan can be given for maximum of $75,000.00 subject to repayment capacity of the parents.
Margin/Contribution : 10%

Repayment Period :
Loan can be repaid in maximum 72 EMI (Equated Monthly Installments) which would be commenced 12 months after the date of first disbursement.

Other Information :
** Loan amount and repayment amount will also depend upon the repayment capacity of the parents in such a way that total deductions from the income of the parents should not exceed sixty percent of the income net of statuary deductions.

** Loan needs to be secured by liquid security viz. Term Deposits, Life Insurance Policy or by way of first registered mortgage of property.
** For further details please contact any of our branch.
** Other Terms and Conditions apply