BOB Loan for Study Abroad: University List

Bank of Baroda (BOB) is a prominent public sector bank offering financial solutions to students facing financial constraints. Bank of Baroda, under its flagship Baroda Scholar Education Loan Scheme, provides funding of up to INR 1.5 crore for students pursuing higher education abroad. To ensure quality and employability, the public bank has prepared a list of approved foreign universities for BOB education loan. Admission to these institutions improves your chances of loan approval and may even qualify you for lower interest rates, minimal margin money, and relaxed collateral norms.

This list includes globally recognized universities ranked in the QS World Rankings, THE Rankings, or accredited by national regulatory bodies. Countries covered under this approved list include the USA, Canada, UK, Germany, Australia, Singapore, and more. This blog will guide you about the Bank of Baroda education loan for abroad university list, eligibility criteria, and how it affects your loan approval.

Key Features of Bank of Baroda Education Loan for Abroad Studies

Planning your abroad studies with the assistance of an education loan abroad can do wonders in your education loan journey. BOB provides numerous loan products to assist students with their dream of studying abroad. However, there is a list of approved foreign universities for education loan BOB that they follow to categorize loan products. 

Eligibility Criteria for BOB Education Loan Abroad Universities

To apply for an education loan in the public sector bank, Bank of Baroda, students are required to fulfill the following eligibility criteria.

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  The student must be an Indian citizen.
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  The minimum age of the student should be 18 years.
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  The student must be enrolled in a recognized university for a professional or technical program via an entrance-based selection process.
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  The institution in which the student is enrolled must fall within the list of approved foreign universities for education loan by BOB.
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  The student must have a good academic history and should meet the minimum academic criteria set by the bank. 
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  The applicant student must have secured good scores in standardized tests like GRE, GMAT, and English proficiency tests like TOEFL, IELTS, etc. 

Unlock your study abroad dreams with Bank of Baroda’s Education Loan! Learn about eligibility, interest rates, and the easy application process in this video.

Understanding the BOB Abroad Education Loan University List

Bank of Baroda categorizes its loan products based on its lists of premier institutions to cater different needs of the students. The approval of a loan, the loan amount, margin requirements, and collateral requirements depend on whether the institution is listed or not. If you are enrolled in an institution on the approved list, it helps you secure higher loan amounts that too at lower interest rates.

These lists are categorized based on fields of study, ensuring that students receive tailored financial support aligned with their academic pursuits. BOB abroad education loan university list includes a range of institutions such as universities, colleges, and technical institutions across various countries. 

Management Courses:

BOB's list for management courses encompasses globally renowned business schools, primarily in the United States and the United Kingdom. Institutions such as Harvard Business School, MIT, Stanford Graduate School of Business, and London Business School are featured in this list. 

STEM Courses:

For students aiming to pursue (STEM) programs, BOB's list includes top-tier universities like the California Institute of Technology (Caltech), Massachusetts Institute of Technology (MIT), and Stanford University. These institutions are recognized for their research and academic excellence in STEM fields.

Medical Courses:

Aspiring medical professionals can refer to BOB's list featuring esteemed institutions such as Johns Hopkins University, Harvard Medical School, and the University of California, San Francisco. These universities are celebrated for their contributions to medical research and education.

Law, Economics and Econometrics, Art, Performing Arts and Design Courses:

For students pursuing creative and analytical disciplines, BOB also has a list of leading global universities. Institutions like the University of Oxford, University of Cambridge, University of Melbourne, and the University of Toronto stand out for their excellence in Law, Economics, Art, Performing Arts, and Design. 

List of Approved Foreign Universities for Education Loan by BOB

The approved list of BOB includes renowned institutions across various countries such as the US, UK, Canada, Australia, and Europe. Top universities like Harvard University, the University of Toronto, and the University of Melbourne are included, along with emerging institutions in Asia. Below is the list of top universities approved by Bank of Baroda. 

Top Universities in the USA:

Top Universities in the UK:

Top Universities in Canada:

Australian and European Universities: Approved List: