1. Only for Indian nationals, residing in India
2. The applicant should have secured admission in a recognized institute with ICSE, state board, or CBSE for courses like Stage I( Nursery to Std. V), Stage II(Std. VI to Std. VIII), and Stage III( Std. IX to Std. XII).

1. Bank of Baroda education loan up to Rs.4 lakhs: Base Rate + 2.50 percent

Note:-

1. The fee is payable to the college/school.
2. Examination / Library / Laboratory Fee.
3. Fee and other charges payable to the hostel.
4. Purchase of books / equipments / instruments / uniforms.
5. Personal Computers / Laptops wherever required.
6. Caution deposit / building fund / refundable deposit supported by instituion bills / receipts.
7. The cost of external coaching/tuition is not to be considered

• Graduation courses: BA, B.Com, B.Sc., etc
• Post Graduation courses: Masters & PhD.
• Professional courses like Engineering, Medical, Agriculture, Veterinary, Law, Dental, Management, Architecture, Computer, etc.
• (Management courses include Hotel Mgt., Hospitality Mgt., Event Mgt., Mass Communication, etc offered by reputed institutions having assured employment prospects)
• Computer certificate courses of reputed institutes accredited
• to Dept. of Electronics or institutes affiliated to an approved university.
• Courses like ICWA, CA, CFA, etc.
• Courses conducted by IIM, IIT, IISc, XLRI. NIFT etc.
• Regular Degree / Diploma courses like Aeronautical, Pilot training, Shipping, etc., approved by the Director-General of Civil Aviation / Shipping.
• Courses offered in India by reputed Foreign Universities.
• Evening courses of approved institutes.
• Other courses leading to diploma / degree etc. conducted by colleges / universities approved by UGC / Govt./ AICTE / AIBMS / ICMR etc.
• Teachers Training Course / Nursing Course / BEd will be eligible for education loan provided the training institutions are approved either by the Central Government or by State Government and such courses should lead to Degree or Diploma Courses and not to Certificate Course. Branches can consider the request for an education loan under our “Baroda Gyan Scheme” for the above courses. The fees to be considered for the purpose should be the fees structure as approved by the State Government or Government approved Regulatory Body for merit seats in Government Colleges / Private Self Financing Colleges, Cooperative and Colleges run by Universities, as the case may be.

The Bank of Baroda Education Loan scheme applies to merit students who are eligible for a seat under the merit quota but pursue a course under the management quota.

The management quota seats that are under the Bank of Baroda education loan scheme and the fees applicable to these seats (authorized by the State Government will be taken subject to the viability of repayment

1. BRLLR +2.00% (including Strategic Premium)

Note:-

1. Female students get an applicable 0.50 percent concession.
2. The bank will charge simple interest through the moratorium period with monthly rests.
3. If the loan amount is more than two lakhs, the penal interest at the rate of two percent will apply to the overdue amount.
4. Added concession of one percent applies to the students who are admitted in some of the premier institutions like IIT, AIIMS, IIM, IIFT, ISB, NIT, IISc, XLRI, MDI, and SPJIM.

No security for loan amount up to rupees four lakhs.

Loan amount from to rupees four lakhs to rupees seven and a half lakhs: third party assignment towards future salaries and guarantee towards loan repayment.

Loan amount above seven and a half lakh: Tangible collateral as security that is equal to 100 percent of the loan amount. Also the assignment of future salaries towards loan repayment.

None for loans up to rupees four lakhs.

Five percent for loan above rupees four lakhs.

Note- Margin is applied on a pro-rata basis on a yearly basis as and when disbursements are availed.

For loan amount up to rupees seven and a half lakhs, repayment should be in maximum 120 installments

Loan amount above rupees seven and a half lakhs and a repayment in max 180 installments

The repayment holiday starts from the Course Period + one year or six months after getting the job (whichever comes first).

1. The fee of the institute
2. Fee for the library, examination, hostel, and laboratories
3. Purchase of books, uniform, instruments, and equipment
4. Purchase of personal laptop or computer only if it is necessary for the course
5. Extra payments like Caution deposit, building funds, and Refundable deposit which are backed up with proper receipts and bills.
6. Additional expenses that are important for the completion of the course including projects, study tours, and thesis.

• The applicant must be an Indian citizen and should have got admission to a reputed college abroad in some professional/technical course.

The Bank of Baroda Education Loan scheme applies to merit students who are eligible for a seat under the merit quota but pursue a course under the management quota.

The management quota seats that are under the Bank of Baroda education loan scheme and the fees applicable to these seats (authorized by the State Government will be taken subject to the viability of repayment

Loans up to rupees four lakhs: Base Rate + 2.50 percent

Loans from rupees four lakhs to rupees seven and a half lakhs: Base Rate + 2.50 percent

Loans above rupees seven and a half lakhs: Base Rate + 1.75%

Bank of Baroda Overseas Education Loan for Vocational Education and Training: Base Rate + 2.00 percent

Note- Female students will get a concession of .5 percent. Also, the simple interest will be charged through the moratorium period with monthly rests. If the loan amount is more than two lakhs rupees, a panel interest rate of two percent will be applied to the overdue amount. Students admitting to some premier institutions like IIT, IIFT, IIM, AIIMS, NIT, MDI, XLRI, and SPJIM will get an added concession of one percent.

Loan amount up to rupees four lakhs: None

Loan amount from four lakhs to seven and a half lakhs: Third-party guarantee and assignment of future salaries towards loan repayment.

Loan amount above rupees seven and a half lakhs: Tangible collateral as security equivalent to 100 percent of the loan amount. Plus the assignment of future salaries towards loan repayment.

Loan amount up to rupees seven and a half lakhs and the repayment in maximum 120 installments

Loan amount above rupees seven and a half lakhs and the repayment within180 installments

1. The fee of the institute
2. Fee for the library, examination, hostel, and laboratories
3. Purchase of books, uniform, instruments, and equipment
4. Purchase of personal laptop or computer only if it is necessary for the course
5. Extra payments like Caution deposit, building funds, and Refundable deposit which are backed up with proper receipts and bills.
6. Additional expenses that are important for the completion of the course including projects, study tours, and thesis.
7. Expenses for one-way travel.

1. All undergraduate, Doctorate, post-graduate, and Technical courses along with other job-oriented courses offered by recognized foreign Universities.
2. Degree/Diploma in Aeronautical, shipping, and pilot training which are approved by Director General of Civil Aviation/shipping in India as well as a competent local aviation/shipping authority.

• Up to 35 years for non-employed people
• Up to 45 years in the case of working employees and executives

• Indian Nationals with secured admission to any professional or technical course in a recognized institution.
• Permanent employees who are employed at least for three years with any organization and wish to gain higher professional qualifications. These professionals should also have secured admissions in a reputed institute.

• Upto Rs. 8,000,000 for studies in India
• Upto Rs. 8,000,000 under Bank of Baroda overseas education loan studies abroad.
• Upto Rs. 8,000,000 for studies at IITs, ISB’s, and IIM’s.

• Quarterly or monthly rests.
• Repayment of Education Loans typically starts one year after completing the course of six months after getting a job, whichever is earlier.
• Loan interest re‐payment will start immediately after the disbursement of the first installment of the loan.

• The entire tenure of an Education Loan includes Duration of Study, Grace Period after the Study, and Repayment Period.
• For Indian courses, repayment tenure is a maximum of 15 years after the commencement of repayment.
• For Abroad courses, repayment tenure is a maximum of 15 years after the commencement of repayment.