Allahabad Bank Education
Loan EMI Calculator

Loan Amount (₹)
Interest Rate (%)
Tenure (Yrs)
EMI
0

THE BARODA VIDYA EDUCATION LOAN IS DESIGNED FOR STUDENTS PURSUING SCHOOL EDUCATION RANGING FROM NURSERY UP TO SENIOR SECONDARY SCHOOL.
Interest
Rate

Loan limit Interest Rate
Upto 1 lacs 9-10%
Loan Amount &
Security

Secured Unsecured
- Upto 1 lacs
Charges &
Repayment

Processing fees Nil
Repayment period The loan is repayable in three years by 36 Equal Monthly Installments to be paid by Post Dated Cheques (PDCs).
Moratorium period NA
Eligibility
Criteria

  • Indian National
Key Benefits &
Coverage

Margin
  • Nil
Course covered
  • Any School course recognized by an authorized examination bodies in India
Expenses covered
  • School fees, book & laptop purchase, travel expenses and any education related expenses.
Required
Documents

Student Co-Borrower
KYC
  • Aadhaar
  • 2 passport photos
  • Aadhaar & Pan card
  • residence proof
EDUCATION
  • Copy of admission proof to the educational institution along with fees structure and Fee slip / mark sheet / pass certificate / school leaving certificate / degree courses especially for those opting loan for courses
  • -
INCOME
  • Pan card
  • 6 months bank account statement
  • 6 months bank account statement
  • ITR of last 2years /form 16
  • Income proof(salary slip )
SECURITY
    ---
  • Assets and liabilities brief statement