Bank of Baroda Loan

Bank of Baroda Bank Education Loan

Since the rules, regulations, eligibility conditions, repayments and interests rates etc are revised by the banks from time to time. students and parents are advised to check thoroughly the terms and conditions of educational loan scheme of respective bank on offer at the time of application.

Bank of Baroda

Bank of Baroda Bank Education Loan

Bank of Baroda Bank's Education Loan aims to provide the much needed financial support to deserving students for pursuing higher professional or technical education in India and abroad. The education loan would be provided to those students who have obtained admission to career-oriented courses e.g. medicine, engineering, management etc., either at the graduate or post-graduate level.

We believe, given the right tools and aid every child has the potential to be successful. Our education loans aim to be the very tool that will enable them to reach their goals in life. No more would a deserving student have to give away their pursuit of dreams due to lack of money. Our student loans will ensure that worthy students are empowered to take their destiny in to their own hands. Our endeavour is to help the future of our nation in education and prosperity.

Bank of Baroda Bank Eduation Loan

Eligiblity of Courses :

  • Graduate, Post Graduate, Diploma, Professional Courses, Specialization courses offered by reputed Universities/ Institutions (Indian or Overseas), having assured employment prospects.
  • Skill up gradation courses offered by various institutes (Indian/Overseas), having assured employment prospects.
  • Courses offered by Hospitality Management Institutes for Skill upgrade/Short course/ Training etc.
  • Pilot Training Courses, offered by reputed Institutions (Indian or Overseas), approved by Director General of Civil Aviation (DGCA) /International Civil Aviation Organization (ICAO).

Student Eligiblity :

  • Should be an Indian National.
  • Have secured admission to the course through entrance test / merit based selection process.

Maximum Quantum of Loan :

  • Need based finance subject to repaying capacity of applicant, based on present / expected income after completion of the course.
  • In India: Rs. 10.00 Lacs.
  • Abroad : Rs. 20 Lacs.

Coverage of expenses :

  • Tuition Fees, Examination/ Library fee etc. charged by the Institution.
  • Hostel fees.
  • Cost of Books, equipments, instruments, etc.
  • Personal Computers/ Laptops, wherever required.
  • Any other expenses required to complete the Course viz: Study Tours, Project works, thesis, etc.

Margin :

  • 15% (Any scholarship / assistantship, if received, would not be included in margin).

Repayment Period :

  • Maximum 60 EMIs.

Repayment Holiday :

  • Course period + 6 months or 3 months after getting a job, whichever is earlier.

Security :

  • 100% tangible collateral security by way of mortgage of property or assignment of securities NSC, KVP, LIC policy, FDR etc.
  • Personal guarantee of Father / mother of the applicant or any other person having sufficient worth.

Interest Rates:

Loan Amount (Rs.) Effective ROI
Baroda Education Loan to Students of Premier Institutions (For Studies in India) For List-A Institutions :
Upto Rs 15 Lacs : One year MCLR + Strategic Premium + 0.25%
Above Rs 15 Lacs: One year MCLR + Strategic Premium
For List-B Institutions:
Upto Rs 7.50 Lacs : One year MCLR + Strategic Premium + 0.75%
Above Rs 7.50 Lacs: One year MCLR + Strategic Premium + 0.50%

For More Information About Interest Rates

Note: Marginal Cost Based Lending Rate (MCLR) – 8.65%
Note:MCLR Reset frequency for Education Loans - Half Yearly


  • Mumbai: 02266985000-04,22-42068502
  • Baroda: 02652576402,02652307852/2361852
  • Hyderabad: 0402342 1650
  • Bhopal: 1800223344
  • Hukumpeta: 0883-2469766
  • Karnataka: 08025615344
  • Maharashtra: 02589222276

Website: Loan