Bank of Baroda presents a one of its kind finance option for parents of students pursuing school education. These loans are available for studies from Nursery to Senior Secondary School.

Rate of Interest

  • 1.1.Loans upto Rs.4 lakhs : Base Rate + 2.50%
  • 2. 2.Loans from Rs.4 lakhs to Rs.7.50 lakhs : Base Rate + 2.50%
  • 3. 3.Loans above Rs.7.50 lakhs : Base Rate + 1.75%
  • 4. 4.Baroda Education Loan for Vocational Education & Training : Base Rate + 2.00%
  • 5. Note- 1.Loans to girl students gets an applicable 0.50% concession.
  • 6. 2.Interest must be serviced as and when applied during the moratorium period.
  • 7. 3.If loan amount exceeds Rs.2 lakhs, penal interest at the rate of 2% applies on the overdue amount.
  • 8. 4.Added concession of 1.00% applies to students who are pursuing their studies in premier institutions like IIT, IIM, IIFT, AIIMS, ISB, NIT, XLRI, MDI, IISc, SPJIM etc.

Eligibility for Educational Loan


Should be an Indian national residing in India.

Student should have secured admission to a recognized school / Highschool / Jr. College (including CBSE / ICSE / State Board) for any of the following courses

Stage I : Nursery to V th STD.

Stage II : VI th to VIII STD.

Stage III : IX th to XII th STD.


About the Bank


Bank of Baroda is an Indian state-owned banking and financial services company headquartered in Vadodara (earlier known as Baroda) in Gujarat, India. It is the second-largest public sector bank in India, after State Bank of India, and offers a range of banking products and financial services to corporate and retail customers through its branches and through its specialised subsidiaries and affiliates. Its headquarters is in Vadodara, it has a corporate office in the Bandra Kurla Complex in Mumbai. Currently Bank of Baroda customer Care services are outsourced from companies like TCS and IBM with an yearly tender engagement.


FAQ Loan


1.What is considered a ?Financing Branch? in the case of the Bank of Baroda Education Loan?

The Bank of Baroda branch that is closest to the permanent address of the borrower is usually the one that dispenses the education loan. Thus, this branch is termed as the ?Financing Branch?.

2.How will the bank track the educational progress of the borrower/ student?

The borrower/student is expected to submit his/her progress reports to the bank regularly, for record keeping purposes.