Financial Aid

BOB Education Loan

Receive expert, personalized guidance at no cost from VITTIYA to navigate education financing, ensuring a smooth journey to securing the funding you need for your studies in India or abroad.

Interest Rate

Starting from 9.7%

Processing Fees

₹10,000 + GST (Refundable)

Margin Money

0-10%

The Process Explained

How It Goes

Easy 5-Step Digital Journey to Secure Your Education Loan

01

Ensure Your Loan Eligibility

Check your eligibility & get conditional loan offers
instantly.

02

Speak with Loan Experts

Connect with our loan counselor to better understand the process.

03

Share Documents & Fill the Form

Complete required forms & submit documents for bank verification.

04

Settle Your Best Loan Offer

VITTIYA secures the best rates & maximum loan amount for you.

05

Get Loan Approval & Disbursement

Get fast loan approval & quick fund
disbursement.

01

Ensure Your Loan Eligibility

Check your eligibility & get conditional loan offers
instantly.

02

Speak with Loan Experts

Connect with our loan counselor to better understand the process.

03

Share Documents & Fill the Form

Complete required forms & submit documents for bank verification.

04

Settle Your Best Loan Offer

VITTIYA secures the best rates & maximum loan amount for you.

05

Get Loan Approval & Disbursement

Get fast loan approval & quick fund
disbursement.

Study Abroad

BOB Bank Education Loan for Abroad Studies

All you need to know about BOB bank education loan for studying abroad

Overview of BOB

Bank of Baroda (BOB), one of India’s leading public sector banks, was established in 1908 and is headquartered in Vadodara, Gujarat. Following the merger with Vijaya Bank and Dena Bank in 2019, BOB has further strengthened its presence across the country.

When it comes to financing overseas education, BOB offers several education loan schemes. Among them, the Baroda Scholar scheme is specifically designed to support Indian students pursuing higher education abroad. With features like competitive interest rates, flexible repayment options, and a wide course/country coverage, the Baroda Scholar loan is an ideal option for students aiming to study overseas.

Through VITTIYA, students can easily explore and apply for Bank of Baroda’s Baroda Scholar loan in a simplified and guided manner—ensuring a smooth, fast, and transparent process.

Bank of Baroda Education Loan Schemes

BOB offers a range of education loan schemes catering to students studying in India and abroad. Here’s a quick overview:

Baroda Gyan Scheme

For higher education in India. No collateral for loans up to ₹4L. Interest: 11.05%–11.15%. No processing fee. Tenure: 10–15 years.

Baroda Vidya Scheme

For school education in India. No collateral. Interest: 12.50%. Repayment in 12 EMIs per year, starting 12 months after first disbursement.

Baroda Scholar Scheme (Abroad)

For studying abroad. No collateral up to ₹4L; collateral required beyond ₹7.5L. Interest: 9.70%–11.15%. Tenure: Up to 15 years. Processing fee refundable after first disbursement.

Loan for Premier Institutions (India)

For students in top Indian institutes. No collateral up to ₹20L. Interest: 9.15%–10.20%. Tenure: Up to 15 years.

Executive Development Program (India)

For professionals pursuing executive education. Interest: 8.55%–10.20%. Tenure: Up to 15 years. No processing fee.

Skill Loan Scheme

For skill development courses. No collateral. Interest: 10.65%. Tenure: 3–7 years based on loan amount.

Features of Bank of Baroda Education Loan for Abroad Studies
Feature Detail
Loan Amount 7.5 Lakh INR - 1.5 Cr INR
Rate of Interest 9.70% - 11.15% (Floating)
(0.20% concession for female applicants of non-premier institutes)
Processing Fee INR 10,000 + GST (Refundable)
Margin Money 0 - 15%
Property Evaluation Charges 8,500 INR
Moratorium Period Course duration + 12 Months
Repayment Tenure 10 - 15 years

Bank of Baroda Education Loan Interest Rate

Bank of Baroda offers competitive and flexible interest rates on education loans, especially under the Baroda Scholar scheme for students going abroad.

Bank of Baroda Education Loan Eligibility Criteria

Required Documents for Bank of Baroda Education Loan
Applicant’s Documents
Co-Applicant’s Documents
Income Proof

How to Apply for Bank of Baroda Education Loan Online

While you can apply for a BOB education loan directly through their website, applying through VITTIYA offers a much smoother and faster experience.

VITTIYA is a trusted platform that helps Indian students secure education loans for studying abroad. Simply check your eligibility with us, and our team will handle the entire process—from lender coordination to documentation support—making your journey stress-free.

Getting Your Bank of Baroda Education Loan through VITTIYA

Bottlenecks in Bank of Baroda Education Loan

Overview of BOB

Bank of Baroda (BOB), one of India’s leading public sector banks, was established in 1908 and is headquartered in Vadodara, Gujarat. Following the merger with Vijaya Bank and Dena Bank in 2019, BOB has further strengthened its presence across the country.

When it comes to financing overseas education, BOB offers several education loan schemes. Among them, the Baroda Scholar scheme is specifically designed to support Indian students pursuing higher education abroad. With features like competitive interest rates, flexible repayment options, and a wide course/country coverage, the Baroda Scholar loan is an ideal option for students aiming to study overseas.

Through VITTIYA, students can easily explore and apply for Bank of Baroda’s Baroda Scholar loan in a simplified and guided manner—ensuring a smooth, fast, and transparent process.

Bank of Baroda Education Loan Schemes

BOB offers a range of education loan schemes catering to students studying in India and abroad. Here’s a quick overview:

Baroda Gyan Scheme

For higher education in India. No collateral for loans up to ₹4L. Interest: 11.05%–11.15%. No processing fee. Tenure: 10–15 years.

Baroda Vidya Scheme

For school education in India. No collateral. Interest: 12.50%. Repayment in 12 EMIs per year, starting 12 months after first disbursement.

Baroda Scholar Scheme (Abroad)

For studying abroad. No collateral up to ₹4L; collateral required beyond ₹7.5L. Interest: 9.70%–11.15%. Tenure: Up to 15 years. Processing fee refundable after first disbursement.

Loan for Premier Institutions (India)

For students in top Indian institutes. No collateral up to ₹20L. Interest: 9.15%–10.20%. Tenure: Up to 15 years.

Executive Development Program (India)

For professionals pursuing executive education. Interest: 8.55%–10.20%. Tenure: Up to 15 years. No processing fee.

Skill Loan Scheme

For skill development courses. No collateral. Interest: 10.65%. Tenure: 3–7 years based on loan amount.

Features of Bank Of Baroda Education Loan for Abroad Studies

Feature Detail
Loan Amount 7.5 Lakh INR - 1.5 Cr INR
Rate of Interest 9.70% - 11.15% (Floating)
(0.20% concession for female applicants of non-premier institutes)
Processing Fee INR 10,000 + GST (Refundable)
Margin Money 0 - 15%
Property Evaluation Charges 8,500 INR
Moratorium Period Course duration + 12 Months
Repayment Tenure 10 - 15 years

Bank of Baroda Education Loan Interest Rate

Bank of Baroda offers competitive and flexible interest rates on education loans, especially under the Baroda Scholar scheme for students going abroad.

Bank of Baroda Education Loan Eligibility Criteria

Required Documents for Bank of Baroda Education Loan

Applicant’s Documents
Co-Applicant’s Documents
Income Proof

How to Apply for Bank of Baroda Education Loan Online

While you can apply for a BOB education loan directly through their website, applying through VITTIYA offers a much smoother and faster experience.

VITTIYA is a trusted platform that helps Indian students secure education loans for studying abroad. Simply check your eligibility with us, and our team will handle the entire process—from lender coordination to documentation support—making your journey stress-free.

Getting Your Bank of Baroda Education Loan through VITTIYA

Bottlenecks in Bank of Baroda Education Loan

yOUR ANSWER

Frequently Asked Questions

 
The maximum loan amount depends on whether your university is on the premier list or not. If your institution is on the premier list then you can get a maximum loan of up to 1.5 Cr and if your institution is not on the list then the maximum amount that you can get is 60 Lakh.
 
The interest rate depends on whether your institution is on the list of premier institutions and the loan amount you wish to borrow. If your institution is on the premier list, you can obtain a loan at a rate of 9.7%. However, if your institution is not on the premier list, loans up to 7.5 lakh can be provided at an interest rate of 11.15%, while loans above 7.5 lakh can be offered at a rate of 10.20%.
 
The maximum duration for a BOB education loan extends for a period of up to 15 years.
 
Yes, the BOB education loan is eligible for tax benefits under section 80e.
No, There is no prepayment penalty on BOB education loans. Therefore you can get your education loan foreclosed if you have the resources for the same.
 
Yes, you can get an education loan worth 60 Lakhs with the Bank of Baroda by pledging collateral as required by the bank.