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Blogs on #Bank of Baroda BoB
The education loan process may seem like a work of smoke and mirrors because of the long, complex, and tedious process involved. However, we understand the confusion among students and parents, and therefore, try to give you the lowdown. In this blog, we will take you through the BOB Education loan disbursement process. What is the difference between loan sanction and loan disbursement? A... Read more
If you plan to study abroad and are unable to arrange finances to pay for your education, the wisest thing is to take an education loan. And if you plan to take an education loan, then the smartest thing is to take loan insurance coverage. What’s Insurance Coverage For An Education Loan? The insurance cover safeguards your family from the burden of paying off the student loan in case a... Read more
“I am sorry. The rate of interest has been increased, so you have to pay a higher EMI”, the disinterested branch manager of the NBFC told a student who had taken an education loan in Fall 2017. This was the third time in the last two years that the NBFCs had increased the rate of interest on education loans, totaling up to a hike of 3% (12% became 15% in a matter of 2 years). The above is a... Read more