Enjoy Banking on the Go.
Download Mobile Banking App


Education Loan Interest Rate

Education Loan Interest Rate

Today education, both primary and higher education, is a must in building a strong career and a better life ahead. And it is also expensive. But the government has supported and emphasized the need for education and accordingly awarded subsidies on the interest rates banks charge on education loans. Bank of Baroda understands that some financial push by means of an education loan or student loan can go a long way in helping you or your children achieve the better life that comes with education and good academic background. Bank of Baroda offers plethora of options to choose from, when it comes to education loans based on the type of education you or your children are looking to persue and need for funding.

Type of education loan Rate of Interest
Baroda Vidya (For School Education from Nursery to XII) BRLLR + Strategic Premium + 2.50%, (0.5% Concession for girl students)
Baroda Gyan (For Higher Studies in India)  BRLLR+S.P.+1.75% p.a. - - Irrespective of Loan Amount,(0.5% Concession for girl students).
Baroda Education Loan to Students of Premier Institutions
(For Studies in India)(For Regular courses)
For List-AA Institutions : BRLLR
For List A Institutions : BRLLRFor List-B Institutions
Upto Rs.7.50 Lacs : BRLLR + S.P.+ 0.50% Spread
Above Rs.7.50 Lacs: BRLLR+S.P. +0.25% Spread

for List-C Institutions
Rs.7.50 Lacs : BRLLR+S.P. + 1.25% Spread
Above Rs.7.50 Lacs: BRLLR+S.P. +1.00% Spread
Baroda Executive Development Programme  for Premier Institutions (For Studies in India   Same as Eduction loan to students of Premier Institutes
Baroda Executive Development Programme for Premier institutions (For Studies Abroad For Institutions specified in List of Premier Institutions : 

BRLLR+S.P. + 1.0025% Spread For institutions not listed above
BRLLR+SP + 1.75 % Spread 
Baroda Scholar(For Studies Abroad)(For regular Courses) For Institutions specified in List of Premier Institutions

BRLLR+SP+1.00% Spread  For institutions not listed above BRLLR+SP+1.75% spread (0.50% concession for girl students)
Baroda Skill Loan Scheme BRLLR+SP+1.25 % spread

The most popular education loan schemes offered by Bank of Baroda include

Baroda Vidya

  • Loan for school education in any recognized school.
  • The maximum loan granted is Rs. 4 lakhs.
  • payable in 12 installments after disbursement.

Baroda Gyan

  • Loan in India is specifically designed for those pursuing graduation, post graduation, or any other professional courses in India.
  •  Student should have secured admission in the course.
  • The maximum loan amount is Rs. 80 lakhs for medical and aviation education and Rs. 60 lakhs for other courses.

Baroda Scholar

  • For MBA, MCA, MS, and other notified courses that help with job creation.
  • The student must have secured admission to the notified institute and course.
  • The loan limit for specified institutes is Rs. 80 lakhs and for non specified institutes is Rs. 60 lakhs.

Baroda Education Loan to Students of premier institutions

  • For Indian Nationals who have secured admission into premier educational institutions in India.
  • The loan amount depends on the categorization of the institute (AA, A, B, C).

Skill Loan Scheme

  • For students pursuing technical education.
  • The loan amount ranges from Rs. 5,000 to Rs. 1,50,000.
  • The repayment period depends on the loan amount but can go up to 7 years.

Government of India Interest subsidy schemes

A student can apply for an education loan and get an education loan subsidy by checking his eligibility under these subsidy schemes:

Central Scheme of Interest Subsidy for Education Loan

For economically weaker sections to pursue technical/professional courses in India.

Padho Pardesh Scheme of Interest Subsidy for Education Loans

For students of minority communities to study abroad.

Dr. Ambedkar Central Sector Scheme of Interest Subsidy for Educational Loans

Dr. Ambedkar Central Sector Scheme of Interest Subsidy for Educational Loans: For Other Backward Classes (OBCs) and Economically Backward Classes (EBCs) to pursue education abroad

Baroda Education Loan for Executive programs offered by premium institutions in India and overseas.

Loans offered to resident Indians up to a maximum of Rs. 20 lakhs (up to Rs. 80 lakh in case of foreign courses). The student must have secured admission in the institute and must be employed during the course of study.


Is there a moratorium period on education loans from Bank of Baroda?

Yes. The moratorium period is Education period+ 12 months from the date of course completion or 6 months from the date of getting a job.

What is the age limit for applying for education loans?

- No such age limit as per Bank of Baroda’s Education Loan Scheme.

What is an education loan eligibility calculator?

This is a tool to estimate how much loan you can expect to avail from the bank for your or your child’s education. The parameters differ among banks, but an education loan eligibility calculator requires you to fill in or select the following details

  • Current location
  • Age of the applicant
  • Monthly income
  • Monthly expenses
  • Current EMIs you are paying
  • For some banks, this also doubles up as an education loan EMI calculator, in which case, you can
  • Select the preferable loan tenure and
  • The rate of interest (which is fixed by the bank) to arrive at the interest payable and the EMI.

Last Visited Page

Back to Top