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Bank of Baroda

Bank of Baroda Education Loan

  • 100% Collateral-free Funding
  • Competitive & Fixed Interest Rates
  • Minimal Documentation
  • Hassle-free Process

Free Education Loan Assistance from Top Education Loan Lenders in India.

Interest Rate Starting From 8.55%

Loan Amount Upto 1.5 Crore

Process Fees 1% Of Loan Amount

How Bank of Baroda Education Loan Works

Simple 7 Step Process to obtain an Education Loan

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Loan Purpose

The loan helps Indian students fund their higher education abroad.

Loan Amount

From Rs. 7.5 lakh to Rs. 1.5 crore depending on course, country, and collateral.

Moratorium Period

Course duration + 12 months (you don’t have to repay during this time).

Repayment Tenure

10 to 15 years.

Margin Money

0% to 15%, depending on the institution and loan amount.

Repayment Starts

After the moratorium period ends.

Bank of Baroda Education Loan for Abroad Studies

Dreaming of studying overseas? You are not alone. Thousands of Indian students aim to make it big by studying abroad, but the cost can feel like a roadblock. That’s where the Bank of Baroda Education Loan for abroad studies steps in. Spoctree is here to help you understand how this loan works, what it offers, who can apply, and why getting your Bank of Baroda abroad Education Loan through Spoctree is a smart choice.

Features of Getting an Unsecured Bank of Baroda Education Loan Abroad

  • Education loan for pursuing education abroad (Target group: Students going abroad for vocational/technical studies.)
  • No processing charges up to Rs. 7.50 Lakh
  • No documentation charges
  • No Margin on loans up to Rs. 4 lakh

Benefits of Getting Bank of Baroda Education Loan Abroad from Spoctree

  • Compare instantly: See other lenders side-by-side before choosing.
  • Talk to a local advisor: Spoctree offers human support for your doubts.
  • Spocbot help: Ask questions about loan interest, eligibility, or EMI instantly.
  • Faster processing: Avoid delays. Spoctree follows up directly with BOB teams.
  • No extra charges: We don’t charge you anything for this service.
  • Higher approval chances: Spoctree helps resolve documentation or property issues quickly.

Eligibility for Unsecured Bank of Baroda Education Loan Abroad

  • Must be an Indian citizen aged 18 or above.
  • Should have secured admission in a recognised foreign university.
  • Admission should be merit-based or via entrance tests.
  • The course should be technical, professional, or certified (MBA, MS, CPA, etc.).
  • Co-applicant (usually parent/spouse/guardian) is mandatory.

Interest Rate of Bank of Baroda Education Loan for Studies in India and Abroad

Fixed Rate:
Product Conditions Repo Rate + Spread Effective Rate of Interest
Baroda Scholar Education loan to Premier Institution Abroad (specified in the list of Premier Institutions):
Abroad
Upto Rs. 7.50 Lakh Base Rate + 2.00% 11.40%
Above Rs 7.50 lakh BRLLR + 2.55% 10.70%
Special rate of Interest for Children of defense personnel under the Baroda Yodha Education Loan Scheme)
Upto Rs. 7.50 Lakh Base Rate + 2.00% 11.40%
Above Rs 7.50 lakh BRLLR + 2.55% 10.70%
Abroad (for CANADA)
Upto Rs. 7.50 Lakh Base Rate + 2.00% 11.40%
Above Rs 7.50 lakh BRLLR + 2.55% 10.70%
Education loan to Non-Premier Institution in Abroad (which are not specified in the list of Premier Institutions):
Abroad
Upto Rs. 7.50 Lakh Base Rate + 2.00% 11.40%
Above Rs 7.50 lakh BRLLR + 3.05% 11.20%
Special rate of Interest for Children of defense personnel under the Baroda Yodha Education Loan Scheme
Upto Rs. 7.50 Lakh Base Rate + 2.00% 11.40%
Above Rs 7.50 lakh BRLLR + 3.05% 11.20%
Abroad (for CANADA)
Upto Rs. 7.50 Lakh Base Rate + 2.00% 11.40%
Above Rs 7.50 lakh BRLLR + 4.55% 12.70%
*0.20% concession in ROI for girl child for Non-Premier Institutes. However, no concession for Premier institutes for girl children.
Floating Rate:
Product Conditions Repo Rate + Spread Effective Rate of Interest
Baroda Scholar Education loan to Premier Institution in Abroad (specified in the list of Premier Institutions):
Abroad BRLLR + 0.55% 8.70%
Abroad (for CANADA) BRLLR + 0.55% 8.70%
Education loan to Non-Premier Institution in Abroad (which are not specified in the list of Premier Institutions):
Abroad
Upto Rs. 7.50 Lakh Base Rate + 2.00% 10.15%
Above Rs 7.50 lakh BRLLR + 1.05% 9.20%
Special rate of Interest for Children of defense personnel under the Baroda Yodha Education Loan Scheme BRLLR + 1.05% 9.20%
Abroad (for CANADA)
Upto Rs. 7.50 Lakh BRLLR + 2.00% 10.15%
Above Rs 7.50 lakh BRLLR + 2.55% 10.70%
*0.20% concession in ROI for girl child for Non-Premier Institutes. However, no concession for Premier institutes for girl children.

EMI Payment Methods for Bank of Baroda Education Loan Abroad

  • Standing Instruction (SI): EMI auto-debited from your Bank of Baroda account.
  • Electronic Clearing Service (ECS): Auto-debit from non-BOB bank accounts.
  • Post-Dated Cheques (PDCs): Submit cheques from non-BOB accounts; applicable only at non-ECS branches.
Tip: SI or ECS is better for faster and error-free EMI handling.

How to Apply for a Bank of Baroda Abroad Education Loan?

  • Online Method:
    • Visit the official Bank of Baroda site.
    • Go to "Education Loan" under the "Loans" section.
    • Click on "Apply Now" and you’ll be redirected to the Vidya Lakshmi portal.
    • Register and fill out the application form.
  • Offline Method:
    • Visit the nearest BOB branch.
    • Fill out the loan application form.
    • Submit documents (academic, ID, admission proof, co-applicant income proof).
    • Wait for verification and disbursement.
  • Apply via Spoctree for Faster Results:
    • Use Spoctree’s Education Loan comparison tool.
    • Talk to our advisor.
    • Upload documents.
    • Let us negotiate and get you the best deal.
    • Get approval in as little as 15 days.
Planning to study abroad shouldn’t come with financial stress. With Spoctree, comparing and applying for your Bank of Baroda overseas education loan becomes easy, fast, and stress-free. Whether it is your first time applying for a loan or you just want to explore your options, Spoctree is here to guide you every step of the way.
Apply Now

Frequently Asked Question

Bank of Baroda Education Loan interest rates vary from 9.70% to 13.20% depending on the scheme, institution, and loan amount. Girl students may get a 0.20% concession.
It depends on your need, but Bank of Baroda offers one of the most competitive Education Loan options, especially for abroad studies. You can compare all banks on Spoctree before applying.
Baroda Vidya Loan is for Indian students from nursery to class 12 who have secured admission in a recognised school. The loan is taken in the name of the parent or guardian.
To get a Rs. 7.5 lakh loan, apply through the Bank of Baroda online portal or Spoctree. For this amount, you usually don’t need to provide any collateral.
The interest rate starts from 9.70% p.a. for study abroad and may go up to 13.20% depending on the course, amount, and fixed/floating rate.
The loan repayment tenure is up to 15 years. It includes the moratorium period (course duration + 12 months) and a regular EMI payment period.
Margin money ranges from 0% to 15%, depending on the course and institution. Loans to premier institutes often have 0% margin money.
Yes, under Section 80E of the Income Tax Act, the interest paid on an Education Loan can be claimed as a deduction without any upper limit.