Education is the most important investment one makes in life. Higher studies and specialisation in certain fields call for additional financial support from time to time.
Whether you are planning school education (including + stage) of your child, pursuing a graduate or post-graduate degree, professional courses or going abroad for Professional/Technical studies the BRGB Education Loans, can help finance your ambitions and goals.
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Terms & Conditions |
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 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. |
• Graduate/Post Graduate/Doctorate/Job Oriented Professional/Technical Courses offered by reputed Universities overseas |
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Student Eligibility :
• Should be Resident Indian. |
• Secured admission to either of above courses |
• Secured admission to Professional/Technical Courses at foreign Universities/Institutions.
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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 / uniforms. |
• Personal Computers / Laptops wherever required. |
• Caution deposit / building fund / refundable deposit supported by instituion bills / receipts. |
• Any other expenses required to complete the course - like study tours, project works, thesis, etc. |
• Travel expenses/Passage money for students going abroad for studies. |
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Maximum Loan Amount :
Rs. 7.50 lacs for study in India |
Rs. 15 lacs for study in abroad |
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Margin :
• Upto Rs. 4.00 lacs :- NIL |
• Above Rs. 4.00 lacs :- 5% for study in India and 15% study in abroad. |
• Scholarship/assistantship if any received to be included in the margin. |
• Margin will be contributed on pro rata basis on years to years basis as and when disbursements are availed. |
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Rate of Interest :
• Simple interest to be charged at monthly rests during the repayment holiday/moratorium period. |
• Penal interest to be charged @ 2% p.a. on overdue amount. |
• 1% interest concession be provided if interest debited during repayment holiday is serviced. |
• 1% Concession in rate of interest to loans for girl student. |
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Repayment Holiday/Moratorium Period :
• Course period + 1 year, or |
• 6 months after getting job, whichever is earlier.
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Repayment Period :
• The loan is repayable in 5-7 years after the above period. |
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Security :
• Upto Rs.4 lacs : No security |
• Above Rs. 4 lacs : 100% security.
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For more details, kindly visit a Baroda Rajasthan Gramin Bank Branch nearest to you. |
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