{"id":115,"date":"2020-06-19T06:01:08","date_gmt":"2020-06-19T06:01:08","guid":{"rendered":"https:\/\/www.eduloans.org\/blogs\/?p=115"},"modified":"2024-08-11T13:42:05","modified_gmt":"2024-08-11T13:42:05","slug":"give-your-children-a-gift-of-education-with-bank-of-baroda-education-loan","status":"publish","type":"post","link":"https:\/\/www.eduloans.org\/blogs\/give-your-children-a-gift-of-education-with-bank-of-baroda-education-loan\/","title":{"rendered":"Give your Children a Gift of Education with Bank of Baroda Education Loan"},"content":{"rendered":"

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Higher education can be costly, especially if it\u2019s abroad. More daunting is the heavy interest that needs to be paid with education loans taken to cater to your child\u2019s 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<\/strong>. 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<\/a><\/strong>.<\/p>\n

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