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    We found 1 Bank of Baroda (BOB) Career Development Loan

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    11.35% - 16.35% Floating
    1,000 to ₹10,000 One time fee
    1L - 10L
    4 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Eligibility Criteria

    Bank of Baroda (BOB) Career Development Loan is Rated as "Great!" by 14 Users

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    Baroda Career Development Loan

    When employees who are worthwhile intend to study further and pursue a higher degree, or intend on taking up vocational courses, trainings, upgrading their skills with a course, or even executive development be it in the country or anywhere abroad. To help these future leaders and working professionals attain their goals and acquire the required training, Bank of Baroda helps them with the one of kind loan.

    Where is the purpose of Baroda Career Development Loan from Bank of Baroda?

    The loan amount is meant for the employees and working professionals to broaden their horizons, and expand their capabilities. These loans can be availed for full time or even vocational courses that will help working professionals.

    What is the eligibility criteria for Baroda Career Development Loan from Bank of Baroda?

    The Baroda Career Development Loan will be provided to any eligible student who has a Indian Nationality. And the admission for the course which will help the candidate to improve the skills should be secured through merit only.

    What is the maximum amount of loan can I avail for with the Bank of Baroda?

    The loan will be provided to the individual based on their repaying capability, this will also depend on their present income as well as their expected income after the course has been completed.

    The amount will be a maximum of Rs. 10, 00, 000 for any courses which will be conducted in India. If the course will be in a college or institute that is situated out of the country that loan amount will provided will be Rs. 20, 00, 000.

    What are the documents required for Baroda Career Development Loan from Bank of Baroda?

    This loan will need a collateral security at the time of application, it can be a mortgage of property, LIC policy hypothecation, FDR, assignment of securities like NSC, KVP etc. The loan can also be availed with providing a guarantor like the applicant's parents, or any individual who has sufficient net worth.

    What are the terms for Baroda Career Development Loan from Bank of Baroda?

    All relevant data such as penalty on defaults, disbursal process, repayment tenure, moratorium period, processing fees, prepayment charges, collaterals/securities, additional certificate requirements (proof of income etc.)

    The loan will be disbursed from the bank after they have received the collateral security and well as the application forms, the loans repayment will need to done within a 60 months equated monthly installments, the rate of interest charges for this loan as of 20th November 2015 is a Base Rate of 9.65% + 2.75% . There will be a repayment holiday for the applicant for the entire course period + 6 months or 3 months after the completion of the course and getting a job whichever is earlier.

    How do I apply for this loan?

    When you would like to apply for this loan you can download the application from the Bank of Baroda website and fill in the required details and provide the relevant documents attached to the form, and visit the nearest branch

    Let’s take an example

    For example, let’s take a simple EMI Calculation of loan amount given to Mr. Rakesh who is a hardworking executive in X company. He decides that to get to a higher level in the company he will need to pursue his MBA from a reputed institute. So he decides to take up an Executive MBA course for a period of 1 year. The amount of the course is fees and related charges work up to Rs. 5, 00, 000. So Mr. Rakesh decides to apply to Bank of Baroda for their Baroda Career Development Loan. After all the process Mr. Rakesh will take the loan for a period of 60 months. Which will be:

    5, 00, 000 * 12.4% (9.65% + 2.75) for a period of 60 months. Therefore the EMI for the month The Mr. Rakesh would pay would be Rs. 11, 224. Making the total he owes the bank Rs. 6, 73, 413 (principal of Rs. 5, 00, 000 + interest of Rs. 1, 73, 413).

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  • Bank of Baroda (BOB) Career Development Loan Reviews

    • Bank of Baroda Personal Loan
      "Excellent Service"
      0.5 3.0/5 "Satisfactory"
      Bank of Baroda provides an excellent service for me and they make my loan process easy and fast which was very helpful for me in processing my loan and the rate of intrest was also low compare to others which comes to 13.5% was affortable for me and the executives were also helpful in processing my loan process.
      Was this review helpful? 0
      , kolhapur
      Reviewed on Aug 22, 2017
    • Bank of Baroda Personal Loan
      "Very good service"
      0.5 5.0/5 "Blown Away!"
      I have got personal loan from Bank of Baroda within 2 to 3 days of time. The additional charges are nominal with Bank Of Baroda. The rate of interest was average as per the market rate. The customer service was also very helpful in regards to my personal loan process. I am satisfied with the loan amount.
      Was this review helpful? 0
      , rohtak
      Reviewed on Aug 21, 2017
    • Bank of Baroda Personal Loan
      "BOB considers only Government employees for personal loan"
      0.5 1.0/5 "Really Bad"
      Though I am a long term customer of Bank of Baroda, they were not willing to give me a personal loan. I am having savings account for quite long time and I do much transactions with them. In spite of having savings account with SBI, I prefer BOB for all my transactions. But BoB considers only the government employee for personal loan, which is really a disappointment.
      Was this review helpful? 4
      , bhopal
      Reviewed on Mar 10, 2017
    • Bank of Baroda Personal Loan
      "Excellent !!!!!"
      0.5 5.0/5 "Blown Away!"
      Within one day my personal loan was disbursed by bank of baroda as i have account with them i just visited the branch once and on the same day the approval was given. Interest rate charged 13.5 %. Partial payment and pre payment van be done without any charges. BOB has the fast process.
      Was this review helpful? 7
      , jaipur
      Reviewed on Dec 09, 2015
    • Bank of Baroda Personal Loan
      "Satisfied!"
      0.5 3.0/5 "Satisfactory"
      I got my personal loan amount disbursed within 10 days of application. Since I am holding a savings account with Bank Of Baroda, they collected only minimal documents for the application. The interest rate and processing fees is normal when compared to other banks.
      Was this review helpful? 7
      , hyderabad
      Reviewed on Aug 29, 2015
    • Bank of Baroda Personal Loan
      "Excellent service"
      0.5 4.5/5 "Excellent!"
      I hold saving account in Bank of Broda, basis on my existing relationship I applied for personal loan. I was offered loan at 11.5% interest rate. The executive came to my house within 2 hours to collect my documents. My loan was processed in 10 days.Excellent service provided from the bank.
      Was this review helpful? 4
      , vadodara
      Reviewed on Aug 10, 2015
    • Bank of Baroda Personal Loan
      "BANK OF BARODAPersonal Loan"
      0.5 4.5/5 "Excellent!"
      I am being with BOB for a quiet long time it is very friendly. They maintain good communication. Interest rate is quiet low while comparing to other banks. Even though the interest rate is high they did not keep up their words on interest so bit dissatisfied on it. Base Rate + 4.50%
      Was this review helpful? 6
      , surat
      Reviewed on May 15, 2015
    • Bank of Baroda Personal Loan
      "Bank of baroda personal loan"
      0.5 3.0/5 "Satisfactory"
      I am being with BOB for a quiet long time it is very friendly. They maintain good communication. Interest rate is quiet low while comparing to other banks. Even though the interest rate is high they did not keep up their words on interest so bit dissatisfied on it. Base Rate + 4.50%
      Was this review helpful? 5
      , secunderabad
      Reviewed on Feb 03, 2015
    • Bank of Baroda Personal Loan
      "awesome facility"
      0.5 5.0/5 "Blown Away!"
      BOB The loan amount ranges from 20,000 to 2 lacs. While the lower limit is good enough to cover people requiring small ticket personal loan, the upper limit is too low to attract people who seek higher amounts.The processing fees are 2% of the loan amount which is as per market standards. There are no prepayment charges which are a big plus for borrowers looking to pay off the loan ahead of schedule.is a public sector bank. The bank was established in 1908 and was nationalized in 1969.
      Was this review helpful? 7
      , mumbai
      Reviewed on Jan 07, 2015
    • Bank of Baroda Personal Loan
      "Best Service of Personal Loan by Bank of Baroda "
      0.5 3.5/5 "Pretty good"
      BOB The loan amount ranges from 20,000 to 2 lacs. While the lower limit is good enough to cover people requiring small ticket personal loan, the upper limit is too low to attract people who seek higher amounts.The processing fees are 2% of the loan amount which is as per market standards. There are no prepayment charges which are a big plus for borrowers looking to pay off the loan ahead of schedule.is a public sector bank. The bank was established in 1908 and was nationalized in 1969. It is one of the few nationalized banks to pursue an aggressive marketing strategy.Overall service was good.I don't have any account but even though I got a good response from them.
      Was this review helpful? 11
      , mumbai
      Reviewed on Oct 29, 2014
    • Bank of Baroda Personal Loan
      "Banking relationship with this bank is good"
      0.5 4.5/5 "Excellent!"
      It is a nationalized bank, whatever they are providing its per the government norms. If I am in need of money in urgent basis, they help me and give it immediately. Interest rate is 9.25% and I would do the deposit in branch. I have a good personal relation with this bank, even the customer service gives me personally.
      Was this review helpful? 5
      , mumbai
      Reviewed on Sep 16, 2014
    • Bank of Baroda Personal Loan
      "Consideration of EMI date would be helpful"
      0.5 3.0/5 "Satisfactory"
      I had taken the loan before 5 years and at that point of time, there were no processing fees. Interest rate is as per the market. Its quite good and no issues at all. Regarding interest rate, the charges , i feel happy. Customer service way of approach is not bad as once my queries were resolved in bit long time. Initially, i requested to deduct the installment of 10th and later was changed as per their bank system. Its better if they can provide the installment date as per the convenient of customers. Even ECS payment options is not available.
      Was this review helpful? 7
      , udaipur
      Reviewed on Jul 23, 2014
    • Bank of Baroda Personal Loan
      "Overall services are fine and good"
      0.5 5.0/5 "Blown Away!"
      The Bank of Baroda bank services are quite OK as it is nationalized bank. Net banking is too good and faster. Branch services are quite OK and executives are doing a good job. I can find number of ATM's and their overall services are fine and good.
      Was this review helpful? 7
      , chennai
      Reviewed on Jul 14, 2014
    • Bank of Baroda Personal Loan
      "Lead banker of my company"
      0.5 3.0/5 "Satisfactory"
      Four months ago I received a personal loan from Bank of Baroda. Everything such as documentation and the loan process are the same however the guarantor details are mandatory to get a loan. Rate of interest is variable but quite affordable. Bank of Baroda is one of lead banker of my company and I am holding a salary account for a while.
      Was this review helpful? 13
      , vadodara
      Reviewed on May 17, 2014
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