Search for:
Home
Contact Us
Branches
Personal
Deposits
Retail Loans
Lockers
mPassBook
M-Connect+
RF2I
Business
Deposits
Credit
Micro Finance
Micro Deposits
Micro Credit
Remittance
Fiji Clear
Bankers Cheques
Swift
Demand Drafts
Rapid Funds 2 India
NRI
Interest Rates
Retail Loans
>
Baroda Education Loan
Loan for Education
Study in Fiji
Eligibility
Loan Amount
Repayment
Other Information
Study Abroad
Eligibility
Loan Coverage
Loan Amount
Margin
Repayment
Other Information
Fees and Charges
Download Brochures
Download Form
Branch Locator
Inquiry
Quick Links
Personal
Deposits
Retail Loans
Lockers
mPassBook
M-Connect+
RF2I
Business
Micro Finance
Remittance
NRI
Interest Rates
Application Forms
Exchange Rates
Baroda Education Loan
We offer loan facility to study in Fiji as well as to study abroad.
Loan to study in Fiji
Eligibility
All Fiji citizens who has secured admission in a recognised college/ institute / university for education in the class after Form VI or for diploma / degree / postgraduate courses are eligible for Baroda Education Loan.
Loan Coverage - Baroda Education Loan would cover following educational expenses
Admission / Tuition Fees
Examination / Library / Laboratory Fees
Hostel / Boarding / Mess Charges
Purchase of Books / Equipments / Instruments / Uniform / Computer / Laptop which are supported by institution bill / receipts
Any other expenses like study tour, project work, thesis etc which required to complete the course.
Maximum Loan Amount
Loan can be given for maximum to following limits subject to repayment capacity of the parents:
Diploma course : $10,000.00
Graduation Course : $25,000.00
Post Graduation : $20,000.00
Margin / Contribution : 10%
Repayment Period
For Course period from
12 months to 18 months
Maximum 24 equated monthly installment to be commenced 6 months after first disbursement
For Course exceeding 18 months
Maximum 48 equated monthly installment to be commenced 12 months after first disbursement
Other Information
Loan amount and repayment amount will also depend upon the repayment capacity of the parents in such a way that total deductions from the income of the parents should not exceed sixty percent of the income net of statuary deductions.
Loan needs to be secured by liquid security viz. Term Deposits, Life Insurance Policy or by way of first registered mortgage of property.
For further details please contact any of our branch.
Other Terms and Conditions apply
Loan to study abroad
Eligibility
All Fiji citizens who has secured admission in professional / technical courses abroad through entrance / merit based selection process are eligible for Baroda Education Loan.
Loan Coverage :
Baroda Education Loan would cover following educational expenses
Admission / Tuition Fees
Examination / Library / Laboratory Fees
Hostel / Boarding / Mess Charges
Purchase of Books / Equipments / Instruments / Uniform / Computer / Laptop which are supported by institution bill / receipts
Any other expenses like study tour, project work, thesis and one way travel expenses / passage money etc which required to complete the course.
Maximum Loan Amount
Loan can be given for maximum of $75,000.00 subject to repayment capacity of the parents.
Margin / Contribution
10%
Repayment Period
Loan can be repaid in maximum 72 EMI (Equated Monthly Installments) which would be commenced 12 months after the date of first disbursement.
Other Information
Loan amount and repayment amount will also depend upon the repayment capacity of the parents in such a way that total deductions from the income of the parents should not exceed sixty percent of the income net of statuary deductions.
Loan needs to be secured by liquid security viz. Term Deposits, Life Insurance Policy or by way of first registered mortgage of property.
For further details please contact any of our branch.
Other Terms and Conditions apply
Fees and Charges
Establishment Fees
1.00% of Loan Amount
Credit Service Fees
Upto $1,500.00
$5.00 per month
From $1,501.00 to $5,000.00
$15.00 per month
From $5,001.00 to $10,000.00
$20.00 per month
From $10,001.00 to $30,000.00
$35.00 per month
From $30,001.00 to $50,000.00
$70.00 per month
From $50,001.00 to $70,000.00
$100.00 per month
From $70,001.00 to $90,000.00
$120.00 per month
From $90,001.00 to $100,000.00
$140.00 per month
From $100,001.00 to $200,000.00
$240.00 per month
Above $200,000.00
0.125 % of Loan Amount / OD Limit per month
(Minimum $240.00 and Maximum 1,500.00)
Inspection Fees
Upto $1,500.00
Free
From $1,501.00 To $10,000.00
$50.00 per visit
From $10,001 To $25,000.00
$75.00 per visit
From $25,001.00 To $50,000.00
$100.00 per visit
From $50,001.00 To $100,000.00
$150.00 per visit
Above $100,000
$200.00 per visit
Security Document Handling Fees
Upto $1,000.00
Free
Above $1,000.00
One Document
$100.00
Additinal Document
$40.00 per document
(Solicitor charges + out of pocket expenses to be recoverred seperately)
Loan Arrear Fees
Upto $500.00
2% p.a. additional interest on
the overdue amount with
minimum of $25.00 per month
From $501.00 To $1,000.00
2% p.a. additional interest on
the overdue amount with
minimum of $25.00 per month
From $1,001.00 To $2,500.00
2% p.a. additional interest on
the overdue amount with
minimum of $25.00 per month
From $2,501.00 To $5,000.00
2% p.a. additional interest on
the overdue amount with
minimum of $25.00 per month
Above $5,000.00
2% p.a. additional interest on
the overdue amount with
minimum of $25.00 per month
Opinion Fees
Local
$25.00 + Out of Pocket Expenses
Overseas
$50.00 + Out of Poecket Expenses
Modification in Terms and Conditions
For each modification
$100.00
Stamping/Unstamping Charges
$15.00 + out of pocket expenses
Document Discharge Fees
$100.00 per document
Settlement Fees
$150.00 per settlement
Search Fees
$30.00 subsequent $10.00 per hour
Data Bureau Charges
$17.00
Duplicate Statement Fees
$5.00 per page Computer Printout
$7.50 per page statement
Establishment Fees
1.00% of Loan Amount
Credit Service Fees
Upto $1,500.00
$5.00 per month
From $1,501.00 to $5,000.00
$15.00 per month
From $5,001.00 to $10,000.00
$20.00 per month
From $10,001.00 to $30,000.00
$35.00 per month
From $30,001.00 to $50,000.00
$70.00 per month
From $50,001.00 to $70,000.00
$100.00 per month
From $70,001.00 to $90,000.00
$120.00 per month
From $90,001.00 to $100,000.00
$140.00 per month
From $100,001.00 to $200,000.00
$240.00 per month
Above $200,000.00
0.125 % of Loan Amount / OD Limit per month
(Minimum $240.00 and Maximum 1,500.00)
Inspection Fees
Upto $1,500.00
Free
From $1,501.00 To $10,000.00
$50.00 per visit
From $10,001 To $25,000.00
$75.00 per visit
From $25,001.00 To $50,000.00
$100.00 per visit
From $50,001.00 To $100,000.00
$150.00 per visit
Above $100,000
$200.00 per visit
Security Document Handling Fees
Upto $1,000.00
Free
Above $1,000.00
One Document
$100.00
Additinal Document
$40.00 per document
(Solicitor charges + out of pocket expenses to be recoverred seperately)
Loan Arrear Fees
Upto $500.00
2% p.a. additional interest on
the overdue amount with
minimum of $25.00 per month
From $501.00 To $1,000.00
2% p.a. additional interest on
the overdue amount with
minimum of $25.00 per month
From $1,001.00 To $2,500.00
2% p.a. additional interest on
the overdue amount with
minimum of $25.00 per month
From $2,501.00 To $5,000.00
2% p.a. additional interest on
the overdue amount with
minimum of $25.00 per month
Above $5,000.00
2% p.a. additional interest on
the overdue amount with
minimum of $25.00 per month
Opinion Fees
Local
$25.00 + Out of Pocket Expenses
Overseas
$50.00 + Out of Poecket Expenses
Modification in Terms and Conditions
For each modification
$100.00
Stamping/Unstamping Charges
$15.00 + out of pocket expenses
Document Discharge Fees
$100.00 per document
Settlement Fees
$150.00 per settlement
Search Fees
$30.00 subsequent $10.00 per hour
Data Bureau Charges
$17.00
Duplicate Statement Fees
$5.00 per page Computer Printout
$7.50 per page statement
© 2020 Bank of Baroda, Fiji Territory, GPO. Box.57, Suva, Fiji Islands.