Financing higher education, especially abroad, often starts with finding a reliable lender. Bank of Baroda (BoB) is one of the most preferred banks for students because it offers multiple Bank of Baroda education loan schemes, each designed for different courses, countries, and budgets. These loans come with competitive interest rates, flexible repayment options, and both collateral and no-collateral choices depending on your profile and the scheme you apply under.
Whether you’re planning to study in India or at a top university abroad, this Bank of Baroda education loan for abroad guide breaks down BOB’s education loan interest rates, eligibility criteria, loan limits, coverage, margin money rules, collateral requirements, and application process.
Key Takeaways
- Bank of Baroda education loan offers ₹1 lakh to ₹80 lakh, depending on the scheme and institution.
- BoB education loan interest rates (floating) start from 7.10% and go up to 12.50% depending on the scheme, with a 0.5% concession for female students and additional scheme-based benefits.
- Bank of Baroda non-collateral education loan options are available for premier institutions or under select schemes for strong student profiles.
- Up to 100% of education expenses are covered, including tuition, hostel, living costs, study materials, travel, exam fees, and medical insurance.
- Repayment tenure extends up to 15 years, with a moratorium covering the course duration + 6–12 months.
BoB education loans focus on your academic potential, not just credit scores, making it accessible for many students. Read below to know if you are ready to apply!
Baroda Education Loan Scheme 2025 for Abroad and India?
The Bank of Baroda Education Loan Schemes help Indian students fund higher education in India or abroad by offering flexible, affordable financing options. With loans starting from ₹7.10% p.a., the BoB student loan helps students cover the costs of tuition, living expenses, and other academic-related costs, whether you're studying in India, abroad, or even online!
The loan offers features such as easy-to-understand repayment options, straightforward documentation requirements, transparent terms, and tax benefits under Section 80E. Let’s understand each feature in detail.
Bank of Baroda Education Loan Interest Rates 2025
Bank of Baroda education loan interest rate ranges from 7.10% to 12.50% (floating), depending on various factors. Interest rates are linked to the BRLLR (Repo-linked rate) and include 0.10% – 0.50% concessions for female students and select categories.
Here are the Bank of Baroda floating and fixed rates for various education loan schemes:
|
Scheme
|
Floating Interest Rate (p.a.)
|
Fixed Interest Rate (p.a.)
|
|
Baroda Vidya
|
BRLLR + 5.10%
|
13.5%
|
|
Baroda Gyan
|
Up to ₹7.5 lakh - 10.15%
Above ₹7.5 lakh - 10.05%
|
Up to ₹7.5 lakh - 11.45%
Above ₹7.5 lakh - 12.05%
|
|
Baroda Digital Education Loan
|
7.1% - 8.95%
|
NA
|
|
Baroda Education Loan to Students of Premier Institutions
(India)
|
7.10% - 8.65%
|
9.55% - 11.45%
|
|
Baroda Executive Development Premier Institutions (EDP)
|
India - 7.1% - 8.65%
Abroad - 9.65% - 10.5%
|
India - 9.55% - 11.45%
Abroad - 11.25% - 12.5%
|
|
Baroda Scholar
|
Premier institutes - 8.7%
Non-Premier institutes - 9.2% - 10.7%
|
Premier institutes - 10.7% - 11.45%
Non-Premier institutes - 11.2% - 12.7%
|
|
Baroda Skill Loan Scheme
|
9.65%
|
Up to ₹7.5 lakh - 10.95%
Above ₹7.5 lakh - 11.65%
|
|
Baroda Medi Elite
|
7.45% - 8.15%
|
NA
|
|
Baroda Eco-Saarthi
|
7.1% - 8.65%
|
NA
|
Applicants must check the updated Bank of Baroda education loan interest rates on its website before applying, as the rates can change in line with RBI policy.
Bank of Baroda Margin Money Policy
Bank of Baroda education loan amount up to ₹4 lakh typically require no margin and loans between ₹4 lakh and ₹7.5 lakh usually carry a 5% margin
Whereas, BoB student loans above ₹7.5 lakh, especially for abroad studies, involve a 15% margin. These percentages can vary slightly depending on the specific BoB scheme.
If you don’t want a higher-margin loan offered by Bob, you can avail no margin education loans at NBFCs like Propelld, which provide 100% funding.
Get 40 Lacs No Collateral Education Loan
Since interest rates differ across schemes, it’s useful to understand how BoB categorises its education loans.
Bank of Baroda Education Loan Types
You can get a Bank of Baroda education loan without collateral and with collateral, depending on the type of scheme.
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Loan Type
|
Collateral Required
|
Typical Loan Limit
|
|
Unsecured
|
No
|
Up to ₹7.5 lakh / Higher for Premier Institutes
|
|
Secured
|
Yes
|
Above ₹20 lakh
|
BoB Education Loan Schemes for Abroad and Indian Studies
Bank of Baroda also offers a range of loan programs designed to meet diverse educational needs, covering everything from school fees to higher studies abroad.
Baroda Vidya (School Education)
Loan for school education at recognised Indian institutions up to 12th standard.
Maximum Loan Amount: ₹4 lakh
Features: No processing or documentation charges, no margin/security required.
Repayment: 12 monthly instalments per year; first EMI due 12 months after first disbursement.
Baroda Gyan (Higher Education in India)
Designed for graduation, post-graduation, and professional courses in India.
No processing charges up to ₹7.5 lakh; no documentation fees.
Collateral: Not required up to ₹7.5 lakh.
Eligible Courses: Engineering, medical, law, CA/ICWA, and more.
Baroda Education Loan for Premier Institutions (India)
Designed for students admitted to Premier Institutions in India (as per BoB’s approved list).
Loan Amount: ₹20–40 lakh (based on institution category & repayment capacity).
Collateral: Not required for many premier categories (AA & A).
Fees: No processing fee; no margin money.
Moratorium: Course duration + 1 year (or 6 months post-placement).
Repayment: Up to 15 years after moratorium.
BoB EDP Loan – Premier Institutions in India
For Executive Development Programs (weekend, part-time, online) at premier Indian institutions for employed applicants only.
Loan Amount: Up to ₹80 lakh
Processing Fees: None; low/no margin for loans up to ₹4 lakh.
Moratorium: Course duration + 3 months
Repayment: 10–15 years
Collateral: Not required up to ₹15 lakh.
BoB EDP Loan – Premier Institutions Abroad
For Executive Development Programs abroad for employed applicants.
Loan Amount: Up to ₹80 lakh
Processing Fee: 1% upfront (₹10,000), refundable on first disbursement.
Collateral:
- No collateral up to ₹4 lakh
- Third-party guarantee for ₹4–7.5 lakh
- Collateral required above ₹7.5 lakh
Moratorium: Course period + 3 months
Repayment: 10–15 years
Baroda Scholar (Abroad Studies)
For students pursuing studies abroad (MBA, MS, MCA, etc.).
Benefits: No processing fees up to ₹7.5 lakh; no documentation charges.
Security: No collateral for loans up to ₹7.5 lakh.
Eligibility: Covers a wide range of premier & non-premier foreign universities.
Baroda Digital Education Loan (Studies in India)
For full-time online courses at premier Indian institutions.
Maximum Age: 40 years
Charges: No prepayment or processing fees
Moratorium: Course duration + 1 year
Repayment: Flexible tenure options available.
Baroda Skill Loan Scheme
For vocational or technical courses at ITIs, polytechnics, and NSDC-affiliated centres.
Loan Amount: ₹5,000 – ₹1,50,000
Charges: No processing/documentation fees; no collateral required.
Moratorium: Up to 12 months (for long courses) or 6 months (short courses).
Repayment: Up to 7 years.
Baroda Medi Elite (Medical Courses in India)
Designed for NEET-qualified medical students (UG & PG).
Loan Amount: Up to ₹40 lakh (collateral-free up to limit).
Processing Fee: None
Repayment: Up to 15 years after moratorium.
Tax Benefits: Eligible under Section 80E.
BoB Eco-Saarthi (ESG Courses)
For Environmental, Social & Governance courses at recognised Indian institutions.
Loan Amount: Up to ₹25 lakh
Charges: No processing fees up to ₹7.5 lakh
Repayment: Up to 15 years (course period + 1 year)
Tax Benefits: Available under Section 80E.
Higher Education & Skill Development Guarantee Scheme (Delhi)
For Delhi students pursuing higher education.
Loan Amount: Up to ₹10 lakh
Collateral: None required
Guarantee Fee: 0.50% of outstanding amount
Processing Fee: None
Moratorium: Course duration + 1 year
BoB Education Loan Interest Subsidy Scheme (EWS)
For economically weaker section (EWS) students.
Income Criteria: Up to ₹7.5 lakh per year
Loan Amount: Up to ₹7.5 lakh
Benefits: Interest subsidy during moratorium only.
Collateral: Not required; no third-party guarantee needed.
Moratorium: Course period + 1 year
You can check out the complete BoB Education Loan Schemes approved college list and download the pdf here.
So, before you decide which scheme suits you, check the standard BoB student loan eligibility criteria that every applicant must meet.
People Also Ask
What are the current interest rates for Bank of Baroda education loans in 2025?
Bank of Baroda’s education loan interest rates for 2025 vary based on the BoB repo rate, loan amount, course type, and the borrower’s academic and financial profile.
How can I calculate the EMI for the Bank of Baroda education loan?
Your EMI depends on three factors:
- Loan amount (principal)
- Applicable interest rate
- Repayment tenure
You can instantly compute your monthly instalments using any online Education Loan Interest Rate Calculator. EMIs begin only after the moratorium period, ensuring repayment starts once your income stabilises after studies.
Does Bank of Baroda offer education loans without collateral?
Yes, Bank of Baroda offers education loans without collateral for eligible students. However, larger loan amounts may still require collateral based on the bank’s internal policies and risk assessment.
Can I get a Bank of Baroda education loan for studying abroad?
Yes, Bank of Baroda provides special education loans for studies abroad. These may require additional documentation such as visas, proof of admission, financial statements, and collateral for higher loan amounts.
You can also read everything related to Leducation loans for abroad study here.
Bank of Baroda Student Loan Eligibility Criteria
To apply for the BoB student loan 2025, applicants must meet the following eligibility criteria:
- Must be an Indian citizen with a permanent Indian address.
- Must be between 16 - 40 years old (depending on the education scheme).
- Must have admission to recognised institutions in India or abroad.
- Must have a consistent academic record with passing grades and with no education gap exceeding 2 years.
- Family income must be sufficient to support the BoB student loan repayment.
If you do not meet the BoB loan eligibility, you can check out eligibility for education loans by other banks or NBFCs like Propelld, where you might even find loan options with plans customised to your needs.
Let’s move on to the list of documents you need to keep handy when applying for Bank of Baroda education loan.
Get Education Loan with Higher Chances of Approval!
Bank of Baroda Education Loan Documents Checklist
Get your documents ready to simplify the BoB education loan application process.
|
Category
|
Documents Required
|
|
Personal ID
|
Aadhaar/Passport/Driver’s License • PAN Card • Recent photos • Address proof
|
|
Academic Records
|
Mark sheets • Admission letter • Fee structure • Scholarship letter (if any)
|
|
Financial Documents
|
Salary slips • ITR (2 years) • Bank statements (6 months) • Form 16 • Co-applicant income proof • Co-applicant PAN & address proof
|
|
Study Abroad
|
Passport • Student visa • I-20/CAS/Offer Letter • Test scores (GRE/GMAT/IELTS/TOEFL) • Living expense estimate
|
|
Additional (If Required)
|
Collateral documents • Co-applicant photos • Any extra documents asked by BoB
|
- Self-attest all copies.
- Keep original documents handy for verification.
- Translate and notarise any non-English or non-Hindi documents.
- Ensure bank statements show consistent income or savings.
Additionally, for loan approval, the bank also evaluates factors such as the course's reputation, the institution's accreditation, the applicant's academic history, the family’s financial stability, and collateral availability for secured loans.
You can check everything you need to know about important documents required for abroad education loan here.
Next, we will explore the Bank of Baroda education loan for abroad and India application process to understand how eligible candidates can proceed.
How to Apply for Bank of Baroda Education Loan?
You can apply for a BoB Education Loan online (through a simplified digital process) as well as offline (by visiting a branch).
Online Process
Offline Process
Online Application Process
Here’s the step-by-step process to apply online for the Bank of Baroda Education Loan for a faster and more convenient experience:
- Go to the official website of Bank of Baroda and click on 'Education Loan' under the 'Loans' tab.
- On the 'Education Loan' tab, click on the 'Apply for Education Loan' button.
- You will be redirected to the portal of the PM-Vidyalaxmi Scheme.
- Enter your login details if you already have an account; else, click on ‘Create an Account’.
- Complete the registration process and click on submit.
- A Bank of Baroda representative will contact you for further processing.
Offline Application Process
If you prefer a traditional approach, you can apply for a student loan by visiting your nearest BoB branch and following these steps:
- Visit the Bank of Baroda branch and fill out the loan application form.
- The bank will review your profile. If approved, you will be asked to submit the required documents.
- Submit the documents at the BoB branch.
- Upon verification, the bank will proceed to disburse your loan amount into your account.
BoB loan disbursal period varies by branch, typically taking up to 3 - 7 days. However, Propelld’s loan sanction timeline is just 48 hours! Isn’t that impressive?
Also, now that you know how the loan is processed, you must check if your desired course is covered by BoB loan.
Courses Covered Under Bank of Baroda Education Loans
Here is the list of different courses covered under the BoB student loan for abroad and Indian studies in 2025:
|
Scheme
|
Courses Covered (Micro Summary)
|
|
Vidya
|
School education up to Class 12 (all boards).
|
|
Gyan
|
UG/PG in India: BA, BSc, BCom, BTech, MBBS, MA, MSc, MBA, MTech + UGC/AICTE/Govt-approved diplomas.
|
|
Scholar
|
International UG, PG, MBA, MS, MD, PG Diplomas, STEM + professional programs abroad.
|
|
Premier India
|
Programs at IIT, IIM, NIT, IIIT, ISI, NIFT, NID + top govt-approved institutes.
|
|
EDP India
|
Short/long EDPs for working professionals (IIM/ISB/XLRI).
|
|
EDP Abroad
|
Executive MBA, leadership & management programs at global B-schools.
|
|
Skill Loan
|
NSDC/SSC skill-development courses (3 months–3 years).
|
|
Digital Education
|
100% online UG/PG/professional degrees (UGC/AICTE/AIU approved).
|
|
MEDI Elite
|
Indian medical courses: MBBS, BDS, BAMS, MD, MS, MDS, DM, MCh (NMC/DCI recognised).
|
Pro Tips
- Always cross-check your institute’s recognition before applying — non-approved colleges lead to instant rejection.
- Premier & Medical schemes often get better interest rates and higher loan limits than regular Gyan loans.
- For EDP & Digital programs, many banks apply tighter eligibility, even if the course is recognised.
Expenses Covered Under Bank of Baroda Student Loan
Bank of Baroda education loans are designed to cover end-to-end academic and living expenses for students pursuing education in India or abroad. Coverage varies slightly by scheme (Gyan, Scholar, MEDI Elite, Skill Loan, EDP, etc.), but most core cost heads remain fully eligible under BoB loan norms.
- Tuition & Academic Fees: Includes tuition, admission, examination, library, and laboratory charges.
- Living Expenses: Covers hostel/PG/rented accommodation, mess charges, and daily living costs.
- Study Materials: Books, stationery, laptops, equipment, and other academic supplies.
- Travel: One-way airfare for overseas education.
- Insurance: Student, medical, and travel insurance as required.
- Deposits: Caution deposit, building fund, and refundable security (as per bank limits).
- Projects and Training: Expenses for study tours, internships, project work, and industrial/technical training.
- Digital Learning: Online course fees, software, and e-learning tools.
- Medical Courses: Clinical training and medical equipment under MEDI Elite schemes.
- Skill Development: Fees, assessments, and certification costs for skill-based courses (Skill Loan).
- Executive Programs: EDP fees, global modules, and other program-related expenses.
Students with existing education loans can also explore refinance options with Propelld to reduce EMIs or loan interest.
Pro Tips
- Always retain original fee receipts and invoices — BoB reimburses strictly against documentary proof.
- Laptop & travel coverage often have internal caps, even when listed as eligible.
- For international students, visa-linked insurance is usually compulsory for loan disbursal.
Fund College Fees + Living Expenses
People Also Ask: Real-User Experiences with BoB Student Loans
Here are some queries on Reddit threads like r/Indians_StudyAbroad, r/CATpreparation, and r/personalfinanceindia, by actual users who applied for BoB Education Loans.
How good is Bank of Baroda for student loans?
Reddit users say BoB offers competitive rates and multiple schemes, but processing delays and service issues are common.
Several users warned about slow disbursements, strict documentation, micromanaged reimbursements, and difficulty getting updates from branch staff.
How long does it take for Bank of Baroda to process an education loan?
Some students reported 2 months of delay, while others got faster approvals through more responsive branches.
Processing is slower for overseas courses or non-premier institutions.
Does Bank of Baroda cover the full cost of education?
Yes. Applicants shared that BoB sometimes sanctions the entire course cost, especially under the Premier Institutions Scheme.
One Reddit user reported being sanctioned the full ₹80 lakh for a master’s program abroad.
Is getting day-to-day living expenses easy with a Bank of Baroda student loan for abroad?
Many users said no — reimbursement for living expenses requires scanning receipts, uploading them, and waiting for approval,
making the process slow and inconvenient.
Does Bank of Baroda charge extra fees like insurance or stamp duty?
Yes. Applicants reported paying additional charges like stamp duty (~₹6,000) and insurance (~₹25,000).
Stamp duty is typically mandatory, while insurance may be optional depending on the branch.
Does BoB allow easy prepayment of education loans?
Not always. Some users said their prepayment amounts were incorrectly adjusted as advance EMIs instead of reducing the principal.
Reddit users strongly suggest getting written confirmation for any prepayment.
Is Bank of Baroda better than other banks for education loans?
Reviews are mixed. While BoB offers attractive interest rates and higher loan limits,
many students prefer faster banks (like Bank of Maharashtra) or NBFCs such as Propelld, especially for urgent fee deadlines.
To make this easier to evaluate, here are the main advantages and challenges of BoB’s student loan.
What are the Benefits of BoB Education Loan for Abroad?
Bank of Baroda education loans come with several features designed to support students aiming for higher education:
How good is Bank of Baroda for student loans?
Reddit users say BoB offers competitive rates and multiple schemes, but processing delays and service issues are common.
Several users warned about slow disbursements, strict documentation, micromanaged reimbursements, and difficulty getting updates from branch staff.
How long does it take for Bank of Baroda to process an education loan?
Some students reported 2 months of delay, while others got faster approvals through more responsive branches.
Processing is slower for overseas courses or non-premier institutions.
Does Bank of Baroda cover the full cost of education?
Yes. Applicants shared that BoB sometimes sanctions the entire course cost, especially under the Premier Institutions Scheme.
One Reddit user reported being sanctioned the full ₹80 lakh for a master’s program abroad.
Is getting day-to-day living expenses easy with a Bank of Baroda student loan for abroad?
Many users said no — reimbursement for living expenses requires scanning receipts, uploading them, and waiting for approval,
making the process slow and inconvenient.
Does Bank of Baroda charge extra fees like insurance or stamp duty?
Yes. Applicants reported paying additional charges like stamp duty (~₹6,000) and insurance (~₹25,000).
Stamp duty is typically mandatory, while insurance may be optional depending on the branch.
Does BoB allow easy prepayment of education loans?
Not always. Some users said their prepayment amounts were incorrectly adjusted as advance EMIs instead of reducing the principal.
Reddit users strongly suggest getting written confirmation for any prepayment.
Is Bank of Baroda better than other banks for education loans?
Reviews are mixed. While BoB offers attractive interest rates and higher loan limits,
many students prefer faster banks (like Bank of Maharashtra) or NBFCs such as Propelld, especially for urgent fee deadlines.
What are the Challenges of Bank of Baroda Education Loan?
While the loans have their advantages, here are some challenges to consider:
Extensive Documentation
Especially for international studies, the paperwork can be quite detailed.
Strict Eligibility Rules
Meeting the requirements can be tough, but it ensures responsible borrowing.
Thorough Financial Checks
Larger loan amounts come with more rigorous financial evaluations.
The Bank of Baroda non-collateral education loan schemes make financing studies in India or abroad easier with affordable interest rates, flexible repayment options, and collateral-free limits for eligible institutes.
Worried about qualifying for a Bank of Baroda Education Loan?
Propelld offers quicker approval, simpler paperwork, and more flexible criteria for students aiming to study in India or abroad.
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