Bank of Baroda Education Loan


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Bank of Baroda Education Loan

Established in 1908, Bank of Baroda provides various international and domestic banking services to retail and corporate customers. Education loan from Bank of Baroda has been financing the dreams of thousands of students looking to study both in India and abroad for many years now.

Baroda Scholar is their flagship education loan scheme that provides financial assistance for students wishing to pursue regular courses or executive development programs in overseas universities.

  1. Bank of Baroda Scholar for Study Abroad
  2. Features
    S.No. Features Bank of Baroda Education Loan Details
    1. Maximum Loan Amount Listed Universities: Rs.80 lakh
    Unlisted Universities: Rs.60 lakh
    2. BOB Education Loan Rate of Interest Listed Universities: 9.90% for boys, 9.40% for girls,
    Unlisted Universities: 10.65% for boys, 10.15% for girls. Interest rates are linked to MCLR. For current rate, check here.
    3. Processing Fee Rs.10,000 + GST (Rs.10,000 refundable)
    4. Margin Money Listed Universities: NIL
    Unlisted Universities: Up to Rs.4 lakh - NIL, Above Rs.4 lakh - 10%
    5. Loan Tenure Up to Rs.7.5 lakh: Moratorium period + 10 years
    Above Rs.7.5 lakh: Moratorium period + 15 years
    6. Moratorium Period 12 months after the completion of the course
    7. Institutions Covered The “Listed Universities” are listed here
    8. Prepayment Penalty No
    Benefits
    1. Early approval of loan before i20 or visa.
    2. Covers both tuition and living expenses, including off campus living expenses.
    3. No pre-payment penalty.
    4. Tax benefit u/s 80(E).
    5. No need to pay interest during the course tenure.
    6. Pre-visa disbursal as per the norms of visa offices.
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Low Turnaround Time

GyanDhan gets the Bank of Baroda loan approved in 12 days. This is why 1000s of students trust us with their loan requests every year..

Doorstep Service

For Bank of Baroda Education Loans, we provide doorstep pickup of documents in Delhi, Mumbai, Pune, Hyderabad, and Bengaluru. No need to visit the branch!

No Cost to You

GyanDhan’s services for applicants are absolutely free. We do not charge any kind of processing fees or commissions from the applicants at all.

Higher Chances of Approval

In case of any missing documents, property issues or other problems, we approach Bank of Baroda officials promptly to find solutions. This ensures speedy resolution and significantly increases your odds of approval.

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Processing & Approval

Free Doorstep Document Collection

Loan Sanction & Disbursal

Apply Online for your Education Loan

GyanDhan provides a customized documents list for Bank of Baroda Education loans, which depends on your profile, your co-applicant’s profile and the property/asset, which you offer as collateral. At a high level, the following documents are needed.

Applicant’s Documents Pertaining to:

  1. Identity Proof
  2. Address
  3. Past Academic Record

Co-Applicant’s Documents Pertaining to:

  1. Identity Proof
  2. Address
  3. Financial

After evaluating your profile, GyanDhan will present you with a customized documents’ list and then initiate the loan process with Bank of Baroda. In case, some documents are missing then we will suggest you alternate options to get your loan sanctioned on time.


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