What is the interest rate for education loan in Bank of Baroda?

What is the interest rate for education loan in Bank of Baroda?

Bank of Baroda education loan is offered for students who wish to take overseas education loan. Student loan for going abroad is provided under its flagship scheme known as Baroda Scholar. This scheme provides financial aid to students at competitive interest rates so that they can pursue their executive and professional courses from universities of their choice. Under Baroda Scholar scheme, girl students are also eligible for 0.75% subsidy in the rate of interest.

Bank of Baroda education loan also covers certain other aspects, which include Central Scheme of Interest Subsidy (CSIS) that primarily focuses on economically weaker students. Dr. Ambedkar Central Sector Scheme of Interest Subsidy is available to economically poor students and those belonging to backward classes. PadhoPardesh subsidy scheme is available for minority communities.

Bank of Baroda interest rate for education loan for study abroad

Baroda Scholar rate of interest


For Listed premier

Male 8.35

Female 7.85%

For non listed

Male 9%

Female 8.50%


Interest rate for education loan in Bank of Baroda is mentioned in the table below. You can check interest rate of BOB for overseas education loan through this table:

Name of the Bank

Maximum Loan Amount

Interest Rate

%age of Loan Against

Collateral Provided

Loan Eligibility

Bank Of Baroda

80 Lakhs & above with deviation (For Preferential List Universities)

60 Lakhs & above with deviation (Others)

For Listed premier

Male 8.35

Female 7.85%

For non listed

Male 9%

Female 8.50%

90 % of Property (Realizable Value)

100 % of Property (for Preferential List)

90 % of FD Value

80 % of LIC Surrender Value

80 % of KVP & NSC Value

  1. Must be an Indian national.
  2. Must have an unconditional offer letter from university.


Baroda Scholaroverseas education loan

Baroda Scholar overseas education loan is available for any country of your choice. BOB annexure can be checked for knowing whether or not your college qualifies for loan. Bank of Baroda education loan is also offered for USA and other prominent destinations, which have become quite popular among students, especially for STEM courses.

Benefits of Bank of Baroda education loan and disadvantages



Limited by 80% - 100% of

collateral or Maximum 100% cost

of study

Requires extensive Property and Co signor details to process the loan.

Lesser interest rate, 9.05% to 11%

Slow processing of loan documents

80 E Tax Benefit

Only Collateral Loan available


Get Bank of Baroda education loan from EduLoans



BOB interest rate for education loan can be checked with EduLoans, which in fact, provides negotiated rates for students. Tailor-made solutions for each profile help students in exploring different options. Here are some of the clear benefits of taking overseas education loan of Bank of Baroda from EduLoans:

  • Lesser turnaround time
  • No hidden costs
  • Higher prospects of getting loan approval
  • Customized and flexible overseas education loan online
  • Comfortable tenures
  • Dedicated professional education experts available for students counselling

EduLoans provides flexible and customized education loan solutions to students. Bank of Baroda is among those few public sector banks which have integrated education loan process with EduLoans and provide special rebate and offer of 0.75% margin reduction in case students have gotten admission in top universities.


Your profile gets a dedicated attention with Eduloans’ exclusive partner assigned to each profile.
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Comments on What is the interest rate for education loan in Bank of Baroda?

I am not interested to get a loan for my study but students loan is very useful to offer for those students who belong to a poor family and they can not complete their study without a students loan Assignment writing services

Bank of Baroda is a well-known bank. Glad to know that they have shared in detail about this bank. The interest rates, as well as other details, are enough. Get the research paper writing service for all level of students to complete their assignments. Schools are reopening soon and the students are getting ready for it., Fastest Growing Classifieds Marketplace, #1 Free Classifieds Marketplace
overseas education loan, overseas education loan, loan for study abrroad, loan for study abrroad,

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