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Old 24th October 2016, 03:49 PM
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Default MBA Student Loan Interest Rates

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  #2  
Old 8th March 2018, 11:33 AM
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Default Re: mba student loan interest rates

I have completed graduation and want to do MBA Degree from top College in India. So I have to apply for Education Loan. I am thinking to apply at Bank of Baroda, so will you tell me about interest rate for Student Loan given for MBA Program?
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Old 8th March 2018, 11:34 AM
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Default Re: mba student loan interest rates

The Bank of Baroda offers several types of loans for students.

As you want to do MBA from top College in India, so you should apply for following loan:

LOAN: Baroda Education Loan to students of premier Institutions

Eligibility to Apply:
Students should be Resident Indian.
Secured admission in professional / technical courses in India

I am providing list of Premier Institutes which are available for admission through this Education Loan:

List of Premier Institutes:
List A:

Indian Institute of Management (IIM)
All India Institute of Medical Sciences (AIIMS)
Indian School of Business (ISB)
National Institute of Technology (NIT)
Xavier Labour Relations Institute (XLRI)
SP Jain Institute of Management and Research (SPJIMR)
SPJIM
Indian Institute of Science (IISc)
Christian Medical College (CMC)
Department of Industrial & Management Engineering, IIT, Kanpur
Grant Medical College (GMC), Mumbai
Kasturba Medical College (KMC), Manipal
Lady Hardinge Medical College (LHMC), Delhi
Madras Medical College (MMC), Chennai
Maulana Azad Medical College (MAMC), Delhi
Post Graduate Institute of Medical Education & Research (PGIMER), Chandigarh
Symbiosis Centre For Management & HRD (SCMHRD), Pune
Symbiosis Institute of Business Management (SIBM), Pune
Indian Institute of Space & Technology
Indian Institute of Technology (IIT)
Indian Institute of Foreign Trade (IIFT)
Armed Force Medical College (AFMC)
Management Development Institute (MDI)
Bangalore Medical College (BMC)
Birla Institute of Technology and Science (BITS) Pilani
Indian School of Mining Dhanbad
IT BHU, (IIT Varanasi)
Marine Engineering & Research Institute, Kolkata
Department of Management Studies, IIT, Delhi
King Edward Medical College (KEMC), Mumbai
Xavier Institute of Management (XIM), Bhubaneswar
Indira Gandhi Rashtriy Udaan Academy, Raibareili.
St. John's Medical College, Bangalore
Jawaharlal Institute of Post-Graduate Medical Education and Research (JIPMER), Pondicherry
International Institute of Information Technology, Bangalore, Hyderabad, Bhubaneswar, Delhi,

List B:
National Institute of Technology (NIT), Agartala
Amrita School of Medicine (ASM), Kerala
College of Engineering , Pune
College of Structural & Architectural Planning (Anna University), Chennai
Delhi College of Engineering (DCE), Delhi
Dhirubhai Ambani Institute of Information & Communication Technology (DAIICT),
Dr. B R Ambedkar National Institute of Technology (NIT), Jalandhar
Indian Institute of Forest Management (IIFM), Bhopal
Jamnalal Bajaj Institute of Management Studies (JBIMS), Mumbai
L N Mittal Institute of Information & Technology (LNMIIT), Jaipur
Loyola Institute of Business Administration (LIBA), Chennai
Malaviya National Institute of Technology (NIT), Jaipur
Motilal Nehru National Institute of Technology (NIT), Allahabad
Narsee Monjee Institute of Management Studies (NMIMS), Mumbai
National Institute of Industrial Engineering (NITIE), Mumbai
National Law School of India University (NLSIU), Bangalore
Netaji Subash Institute Of Technology (NSIT), Delhi
Nirma Institute of Management, Ahmedabad
Sardar Vallabh Bhai National Institute of Technology (NIT), Surat
Tata Institute of Social Sciences (TISS), Mumbai
University College of Engineering (UCE), Burla, Odisha
Veermata Jijabai Technological Institute (VJTI), Mumbai
Visvesvaraya National Institute of Technology (NIT), Nagpur
IIIT, Gwaliar
School of Planning & Architecture, New Delhi
University Institute of Chemical Technology (UICT), Mumbai
National Institute of Design (NID), Ahmedabad
Mudra Institute of Communication (MICA), Ahmedabad
National University of Juridical Sciences (NUJS), Kolkata
Faculty of Engineering & Technology, Jadavpur University, Kolkata
Faculty of Management Studies (FMS), Delhi
Institute of Management Technology (IMT), Ghaziabad
Institute of Rural Management (IRMA), Anand
Indian Institute of Science (IISc), Bangalore
Madras Institute of Technology (Anna University), Chennai
Manipal Institute of Technology (MIT), Manipal
Maulana Azad National Institute of Technology (NIT), Bhopal
Centre for Environmental Planning & Technology (CEPT), Ahmedabad
Dayanand Medical College (DMC), Ludhiana
College of Engineering, Guindy (Anna University), Chennai
Birla Institute of Technology (Mesra), Ranchi
Alagappa Chettiar College of Engineering & Technology (Anna University), Chennai.

The Bank Covers following of expenses:
Fee payable to college/Institution/University/school/hostel.
Examination / Library / Laboratory fee.
Purchase of books / equipments / instruments / uniforms.
Purchase of Personal Computer / Laptop - essential for completion of the course.
Hostel fees / charges.
Insurance premium for student borrower
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.
Cost of external coaching/ tuition is not to be considered.

Rate of Interest:
For List-A Institutions:
For Executive Development Program (EDP): only for List-A
Upto 15 Lacs : MCLR + Strategic Premium + 0.25%
Above 15 Lacs: MCLR + Strategic Premium

For IIM Ahmadabad, Kolkata, Bangalore and XLRI Jamshedpur : MCLR
All other IIMs, Symbiosis, IIFT-Delhi : MCLR

For List-B Institutions
Upto Rs 7.50 Lacs : One year MCLR + Strategic Premium + 0.75%
Above Rs 7.50 Lacs: One year MCLR + Strategic Premium + 0.50%
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