Baroda Loan For Executive Development

This scheme is a unique loan facility for a niche community of working executives to undergo a specialized course to develop them into management leaders and change agents in the global arena

Eligibility :
	Student Should be an Indian National Must possess bachelor's degree or higher education in any discipline. Gainfully employed in executive cadre at least for 3 years OR If self-employed, must be associated in the business in managerial capacity for last 3 years. Present gross annual emoluments / income of the applicant should not be less than Rs. 2.00 lacs. Courses Full time Management courses including financial management conducted by IIMs Age : Minimum - 25 years. Maximum : As prescribed by the Institute imparting the course.
Loan Details
	Coverage of expenses  Fee payable to Institution. Examination/ Library fee and other programme related material / network (internet) charges. Purchase of computers if essential for completion of the course. Project related expenses. Hostel expenses. Reasonable family expenses for the course period in case of married executives, subject to maximum of Rs. 1.20 lac p.a. Travel expenses for going abroad for the project assigned to the applicant relating to the programme. Quantum  Need based finance subject to repaying capacity of applicant, based on present / expected income after completion of the course. Maximum Loan Amount : Rs. 8.00 Lacs. Margin : 15% (Any scholarship / assistantship, if received, to be reduced from the total expenses of the course.) Security : As per bank's norms. Processing / Documentation charges : As per Bank's norms.
Rate of Interest
	Rates of interest charged will be as per Bank's policy on the date of disbursement of loan.
Repayment
	Repayment Holiday/Moratorium Period is course period + 3 months or 1 month after getting new job or resuming job, whichever is earlier. Maximum - 5 - years after the moratorium period in EMI.
Contact Details Head Offices Suraj Plaza-1, Sayaji Ganj, Baroda-390005 Phone : (0265) 236 1852 (10lines) Fax     : (0265) 236 2395, 236 1824, 236 1806 Baroda House, P.B. No.506, Mandavi, Baroda-396006 Phone : (0265) 256 3932 Fax     : (0265) 256 2445 Corporate Centre Baroda Corporate Centre, Plot No - C-26, G - Block, Bandra - Kurla Complex, Bandra (East), Mumbai-400051 Phone :(022) 6698 5000- 04 Fax :(022) 2652 350 Website : visit Bank of Baroda Zonal Offices Bank of Baroda Regional Offices