| Bank of Baroda Education Loan |
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| Introduction |
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| Bank of Baroda provides education loan under three options Baroday Vidya – a loan scheme for studies from Nursery to Senior Secondary School. Baroda Gyan – loan scheme for students pursuing Graduation, Post - Graduation, Professional & Other courses in India. Baroda Scholar – loan scheme for students going abroad for professional / technical studies. |
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| Highlights |
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Study Abroad |
Study India |
| Course |
Graduation |
Graduation |
| Loan Type |
Term Loan |
Term Loan |
| Loan Purpose |
Professional Courses viz. Engineering, Medical, Agriculture, Veterinary, Law, Dental, Management, Computer, Ayurved, Homeopathy, Physiotherapy, Hotel Management, Hospital Management, Interior Designing, Architecture, Event Management, Mass Communication, Fashion Technology, etc. |
All Graduation courses.
All Post Graduation courses & Doctorate courses.
Professional Courses viz. Engineering, Medical, Agriculture, Veterinary, Law, Dental, Management, Computer, Ayurved, Homeopathy, Physiotherapy, Hotel Management, Hospital Management, Interior Designing, Architecture, Event Management, Mass Communication, Fashion Technology, etc.
Computer certificate courses of reputed institutes accredited to Dept. of Electronics or institutes affiliated to Universities.
Courses like C.A, ICWA, CFA, CS, etc.
Courses offered in India by reputed foreign Universities.
Evening courses of institutes approved by State/Central/Govt./UGC/AICTE/AIBMS/ICMR/ICAR.
Courses offered by National Institutes and other reputed private institutions. The College/Institute must have been approved by the State/Central Govt./UGC/AICTE,etc.
Secured admission to either of above courses |
| Loan Amount |
Min. - Rs 50000
Max. - Rs 2000000
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Min. - Rs 50000
Max. - Rs 400000
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| Margin Money |
15 %
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Upto Rs. 4.00 lacs :- NIL
Above Rs. 4.00 lacs :- 5%
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| Tenure |
Min. - 5 Yrs.
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Min. - 1 Yrs.
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| Interest Rate |
Loans upto Rs.4.00 lacs : 12.75%
Loans above Rs.4.00 lacs : 14.75%
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Loans upto Rs.4.00 lacs : 12.75%
Loans above Rs.4.00 lacs : 14.75%
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| Time to Process Loan |
7 days |
7 days |
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 Fees & charges
Fees & charges
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Study Abroad |
Study India |
| Processing Fee |
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1 % |
| Pre-Payment Charges |
1 % |
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Eligibility Criteria
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Eligibility Criteria
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Study Abroad
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Study Abroad:
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| Age |
Min.: 16 Yrs. Max.: 55 Yrs. |
| Documents Required: |
| ID Proof |
Yes |
| Age Proof |
Yes |
| Residence Proof |
Yes |
| Income Proof |
Yes |
| Telephone |
No |
| Photograph |
Yes |
| Bank Statement |
Yes |
| Signature Proof |
Yes |
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Study India
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Study India:
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| Age |
Min.: 16 Yrs. Max.: 55 Yrs. |
| Documents Required: |
| ID Proof |
Yes |
| Age Proof |
Yes |
| Residence Proof |
Yes |
| Income Proof |
Yes |
| Telephone |
Yes |
| Photograph |
Yes |
| Bank Statement |
Yes |
| Signature Proof |
Yes |
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Security
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Security |
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Upto Rs.4.00/- lacs : No security
Above Rs. 4.00 Lacs and up to Rs. 7.5 lacs: Collateral in the form of a suitable third
party guarantee alognwith assignment of future income.
Above Rs.7.5 lacs: Tangible collateral security equal to 100% of the loan
amount along with assignment of future income |
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Terms & Conditions
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Terms & Conditions |
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Course period + 1 year or 6 months after getting job, whichever is earlier.
1% interest concession, if interest debited during the repayment holiday is serviced. |
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Show All Education Loans
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