Bank Of Baroda Education Loan

The Bank Of Baroda Education Loan is a financial loan product for students seeking funding for technical, professional and postgraduate courses in India and abroad. The product includes specific schemes such as the Baroda Scholar and Baroda Education Loan for EDP with differing loan limits, interest rates, moratorium and repayment periods. Loan limits, interest concessions (for example a concession for girl students), acceptable collateral and co-applicant rules vary by scheme and loan amount. The product covers expenses related to course fees and other education-related costs as specified by the bank.

Access to education loan finance with specified loan limits, interest rate concessions (e.g. for girls), defined moratorium and repayment terms, and acceptance of various collateral types depending on loan amount.

Students seeking education loans for technical and professional courses, PG courses such as MS, MCA and MBA, and professional qualifications; co-applicants must be parents, parents-in-law, siblings, parents’ siblings, spouses or first cousins in the order listed. Collateral and guarantor requirements depend on loan amount (no collateral for loans up to INR 7.5 lakh; tangible collateral or higher security required for larger loans).

Submit the bank application form (page states it will be provided by a WeMakeScholars financial officer) with required identity, residence, academic and co-applicant documents; provide collateral if applicable.