Give your Children a Gift of Education with Bank of Baroda Education Loan

Higher education can be costly, especially if it’s abroad. More daunting is the heavy interest that needs to be paid with education loans taken to cater to your child’s dream. But if you have a daughter, there can be some relaxation for you when it comes to repaying the education loan with top Indian financial institutions like Bank of Baroda which provides the cheapest interest rates in the country at 8.85%. Bank of Baroda is further the only nationalized bank which has a preferred list of Universities which further get a 0.75% discount. So, the net effective rate become 8.10%
Further, a 0.5 percent concession on interest rates for female students is also given to the applicant. The Cosigner can avail the 80E Tax benefit where in the net effective rate of interest comes to be around 6%. The difference is extravagant, it can surely make a huge impact on your monthly EMIs. Compared to other private lenders the interest is nearly 50%. So, what are you waiting for? Hurry up and gift your child a gift of excellent education with Bank of Baroda education loan. In this blog post, we shall share a list of some prime universities for STEM courses across the world for which BOB can favor you get an education loan for study abroad.

Prime Universities in the USA

1. Stanford University
2. California Institute of Technology (Caltech)
3. Massachusetts Institute of Technology (MIT)
4. Princeton University
5. Georgia Institute of Technology
6. Carnegie Mellon University
7. The University of California, Berkeley (UCB)
8. The University of Illinois at Urbana-Champaign
9. University of Michigan
10. Cornell University
11. Northwestern University
12. Purdue University West Lafayette
13. Columbia University (Fu Foundation)
14. The University of Texas at Austin
15. University of Texas Austin
16. Harvard University
17. University of California Santa Barbara
18. University of California San Diego
19. Johns Hopkins University
20. University of Wisconsin Madison
21. University of Washington
22. Rice University
23. Ohio State University
24. Pennsylvania State University- University Park
25. Texas A&M University College Station

Prime Universities in the United Kingdoms

1. Cardiff University
2. University of Bath
3. University of Glasgow
4. Cranfield University
5. Imperial College London
6. King’s College London
7. The University of Edinburgh
8. The University of Manchester
9. The University of Nottingham
10. The University of Sheffield
11. The University of Warwick
12. UCL (University College London)
13. University of Birmingham
14. University of Bristol
15. University of Cambridge
16. University of Leeds
17. University of Oxford
18. University of Southampton
19. Durham University
20. Queen Mary University of London
21. University of Exeter
22. Lancaster University
23. University of Leicester

Prime Universities in Taiwan

1. National Cheng Kung University (NCKU)
2. National Taiwan University of Science and Technology (Taiwan Tech)
3. National Taiwan University (NTU)
4. National Tsing Hua University

Prime Universities in Switzerland:

1. EPFL (Ecole Polytechnique Fédérale de Lausanne)
2. ETH Zurich – Swiss Federal Institute of Technology ETH Zurich
3. University of Zurich

Prime Universities in Sweden:

1. Chalmers University of Technology
2. KTH Royal Institute of Technology
3. Lund University

Prime Universities in Spain:

1. Politecnica de Madrid
2. Universitat de Barcelona
3. Universitat Politecnica de Catalunya
4. Universitat Politecnica de Valencia

Prime Universities in South Korea:

1. KAIST – Korea Advanced Institute of Science & Technology
2. Korea University
3. Pohang University of Science and Technology (POSTECH)
4. Seoul National University
5. Sungkyunkwan University (SKKU)

Prime Universities in Singapore:

1. Nanyang Technological University, Singapore (NTU)
2. National University of Singapore (NUS)

Prime Universities in Russia

1. Lomonosov Moscow State University.

Prime Universities in New Zealand:

1. The University of Auckland.

Prime Universities in Italy:

1. Alma Mater Studiorum – University of Bologna
2. Politecnico di Milano
3. Politecnico di Torino
4. Sapienza University of Rome

Prime Universities in Germany:

1. Friedrich-Alexander-Universitat Erlangen-Nürnberg
2. Humboldt-Universitat zu Berlin
3. KIT, Karlsruhe Institute of Technology
4. Ludwig-Maximilians-Universität München
5. RWTH Aachen University
6. Technische Universitat Berlin
7. Technische Universitat Darmstadt
8. Technische Universitat Dresden
9. Technische Universitat München
10. Universität Stuttgart

Prime Universities in France:

1. Centrale Supelec
2. Institut Polytechnique de Grenoble – Grenoble Institute of Technology
3. Université Pierre et Marie Curie (UPMC)

Prime Universities in Finland:

1. Aalto University

Prime Universities in Canada:

1. McGill University
2. McMaster University
3. Queen’s University at Kingston
4. Universite de Montreal
5. University of Alberta
6. University of British Columbia
7. University of Toronto
8. University of Waterloo

Prime Universities in Australia:

1. Curtin University
2. Monash University
3. Queensland University of Technology (QUT)
4. RMIT University
5. The Australian National University (ANU)
6. The University of Adelaide
7. The University of Melbourne
8. The University of New South Wales (UNSW Australia)
9. The University of Newcastle, Australia (UON)
10. The University of Queensland
11. The University of Sydney
12. The University of Western Australia
13. University of Technology Sydney
14. University of Wollongong

Apart from the Prime Universities List Bank of Baroda Education loans are the most sought after for the following reasons

1. Bank of Baroda Education loans for abroad as well are the only loans where the processing fees are refundable. The processing fees in INR 10,000 only which is the most economical in the market
2. The Loan to Value of the loan in 90% or for preferred list 100%. This is the best available for a secured loan for bank of Baroda. The availability option for Bank of Baroda Student loans is better than any other nationalized bank
3. Bank of Baroda education loan for study abroad is not dependent on the income of the cosigner They as well look to fund in case your parents are retired or have pension income.

The list Never Ends!

If you are thinking of admitting your daughter or any other child in one of these universities and wish to seek a Bank of Baroda education loan, then submit all the documents online. Once submitted online the entire set of documents reach the SMS processing center. The student directly visits the processing center and a dedicated loan officer helps with the loan process This reduces the turnaround time for the Bank of Baroda education loan by around 40%.

We would strongly recommend Bank of Baroda Loan for you in case you are looking for Collateral loan.