- What is Vijaya Bank education loan interest rate?
- What is the margin money on the Vijaya Bank education loan?
- How much loan can be taken from the Vijaya Bank education loan to study abroad?
- What is the moratorium period in the Vijaya Bank study loan?
- What are the documents required for a Vijaya Bank education loan?
- At what locations in India can a student avail of a Vijaya Bank education loan?
- How can GyanDhan help you with your abroad education loan?
- Listed Universities - 8.25% for boys, 7.75% for girls,
- Unlisted Universities - 8.9% for boys, 8.4% for girls. Interest rates are linked to MCLR.
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From Student
- Identity Proof - PAN/ Passport/ Driver’s License/ Voter ID card.
- Address - Recent copy of Telephone Bill/ Electricity Bill /Water Bill/ Piped Gas Bill or copy of Passport/ Driving License/ Aadhaar Card.
- Passport Mandatory (in case of study abroad).
- Past Academic Record.
- 10th Result
- 12th Result
- Under Graduate Result Semester Wise (If required)
- Entrance Exam Result (e.g. GMAT, GRE, TOEFL, etc. for abroad study)
- Entrance Exam Result (e.g. CAT, CMAT, JEE, NEET, CET, GMAT, GRE, etc. for domestic institutes)
- Proof of Admission - Admission Letter. Conditional admission letter is also applicable.
- Statement of cost/expenses.
- 2 passport-size photographs.
- Loan A/C statement of one year, if there is any previous loan from other Banks/ Lenders.
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From Co-applicant
- Identity Proof - PAN/ Passport/ Driver’s License/ Voter ID card.
- Address - Recent copy of Telephone Bill/ Electricity Bill/Water Bill/ Piped Gas Bill or copy of Passport/ Driving License/ Aadhaar Card.
- 2 passport-size photographs.
- If any previous loan from other Banks/ Lenders, then Loan A/C statement of one year.
- Legal documents of the collateral/ Property documents
- Income proofs
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Collateral Documents Required
- Registered sale deed
- If the property is a built one, then approved plan/map
- Link or chain documents, showcasing the ownership history of the property for the last 30 years
- A latest property tax receipt
- Occupancy proof
Updated on: 11 Sep 2023
Table of Content Founded in 1931, Vijaya Bank is now a fully owned subsidiary of Bank of Baroda. On April 01, 2019, Vijaya Bank was merged into the Bank of Baroda. Vijaya Bank education loan to study abroad also ceased to exist and students can now apply for Bank of Baroda education loan to fund their abroad studies. To know about Vijaya Bank study loans, students can read about the Bank of Baroda Scholar scheme that provides education loans to students who want to study overseas. The interest rate of Vijaya Bank abroad education loan is: Vijaya Bank Education Loan Details Maximum Loan Amount Listed Universities: Rs.80 lakh Loan Tenure Up to Rs.7.5 lakh: Moratorium period + 10 years Interest Rate Listed Universities: 8.25% for boys, 7.75% for girls, Moratorium Period 6 months after the course completion Margin Money Listed Universities: NIL Processing Fees Rs.10,000 + GST (Rs.10,000 refundable); Additional property valuation charge of Rs. 7,500, in case of Real Estate collateral Vijaya Bank margin money for listed universities is nil. For unlisted universities, margin money up to Rs.4 lakh is nil whereas, for amounts above Rs.4 lakh, the margin money is 10%. Read More About: Education Loan Without Collateral for Abroad Studies The maximum loan amount that can be taken from Vijaya bank to study in any of the premium institutes is INR 80 lakhs. To study in any other university or college, the maximum loan amount that can be taken as a Vijaya Bank study loan for overseas is INR 60 lakhs. Fill the form to get free expert help The Vijaya Bank moratorium period is up to 6 months after the program gets completed. Maximum loan tenure for Vijaya Bank abroad education loan can be up to 15 years for loan amount exceeding INR 7.5 lakhs. For a loan amount above INR 7.5 Lakhs, Vijaya Bank only offers a loan with collateral. The documents required are: Read more about: Types of Collateral Security Acceptable for an Education Loan An education loan from Vijaya Bank can be taken from any branch closest to your place of residence. GyanDhan, India’s first education loan financing marketplace, helps students get the best education loan product for foreign education from government- SBI and private banks- ICICI Bank as well as NBFCs- HDFC Credila. Check your loan eligibility now and get an abroad education loan at the lowest interest rate and faster approval.
Let's explore the features and details of the current abroad education loan product...What is Vijaya Bank education loan interest rate?
Unlisted Universities: Rs.60 lakh
Above Rs.7.5 lakh: Moratorium period + 15 years
Unlisted Universities: 8.9% for boys, 8.4% for girls. Interest rates are linked to MCLR.
Unlisted Universities: Up to Rs.4 lakh - NIL, Above Rs.4 lakh - 10%
What is the margin money on the Vijaya Bank education loan?
How much loan can be taken from the Vijaya Bank education loan to study abroad?
Need an Abroad Education Loan?
What is the moratorium period in the Vijaya Bank study loan?
What are the documents required for a Vijaya Bank education loan?
At what locations in India can a student avail of a Vijaya Bank education loan?
How can GyanDhan help you with your abroad education loan?
First published date: 10 May 2021
