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
For non listed
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
%age of Loan Against
Bank Of Baroda
80 Lakhs & above with deviation (For Preferential List Universities)
60 Lakhs & above with deviation (Others)
For Listed premier
For non listed
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
Must be an Indian national.
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
Requires extensive Property and Co signor details to process the loan.
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
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.
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