Bank announces Financial Results for quarter/year ended, 31st March 2023.
As per revised RBI directives all our Locker-holders are requested to visit Bank of Baroda, Base Branch.
With Bank Of Baroda personal loan, you get lowest interest rates, instant approval with minimal documentation. Checkout Bank of Baroda personal loan interest rates & eligibility. Apply now!
Apply for Bank of Baroda Home Loan online at the lowest interest rates. Checkout our home loan eligibility, interest rates, documentation. Get instant home loan approval. Apply now!
Car Loan: Apply for auto loan online by Bank of Baroda at an attractive interest rates & easy EMI option. Upto 90% financing on on-road price. Buy your dream car today!
Why should finance come in the way of future? Getting an education loan is an easy way to finance your dreams. A student loan can help you get into the university of your choice. Bank of Baroda is here to finance your dreams, education & career goals.
The easiest way to save for you, for your loved ones, and for your future. A savings account gives you the liberty to choose according to your needs and additionally give you benefits for all your transactions. With a gamut of savings account features on the table, Bank of Baroda is here to make your banking simple and easy!
Open Current Account online at Bank of Baroda to meet all your banking needs. Go to our website to learn more about the different types of current accounts we offer and apply now!
Bank of Baroda deposit plans offer convenient solutions to both working individuals as well as senior citizens. These deposits are categorised into deposits with a term period of less than 12 months, more than 12 months and recurring deposits.
An account for all. B3 Silver Account comes with maximum savings and zero Quarterly Average Balance (QAB). Also, make the most of coins and annual offers from Loyalty Rewardz to fulfill yearlong subscriptions and shopping.
Locate Us, Anytime, Anywhere
Bank of Baroda focuses on its employees, offering a career rather than just a job. Various initiatives are in place to groom employees throughout their life cycle. A comprehensive talent management system to groom future leaders of the bank.
Bank of Baroda offers various types of personal banking cards such as Credit, Debit, Prepaid, Business & Travel Cards. Choose the one best suited card for your needs.
A right career begins with a right education.
Rate of Interest (%):
Loan Terms (monthly):
Equated Monthly Installment (EMI) will be
This student education loan is available to Indian nationals who have been accepted into India's top educational institutions. The loan amount is determined by Bank of Baroda education loan list of premier institutions – which includes AA, A, B and C.
This student education loan is given to Indian nationals who have secured admission into premier educational institutions in India. The loan amount depends on the categorization of the institute
Full time regular courses conducted by the premier educational institutions:
List of the institutions (List-AA, A, B & List-C)
List-AA Institutions Applicable Rate of interest : BRLLR
No special concession for female students under this scheme.
Simple interest to be charged at monthly rests during the repayment holiday/moratorium period.
Penal interest @ 2% p.a. on overdue amount, if the loan amount exceeds Rs. 4 lakhs.
The accrued interest during the repayment holiday period to be added to the principal and repayment
in Equated Monthly Instalment (EMI) be fixed.
Rs.100/- for all cases
Unified Processing Charges:
Study in India - Nil
Study abroad - 1.00% of Loan amount(maximum Rs. 10,000) to be recovered upfront which will be
refundable on availing (first disbursement) of loan.
Education loan for Vocational education and training: Nil
Career development: 0.50%
Students pursuing graduation, post-graduation, professional and other courses in India.
Need based finance subject to future repayment capacity, based on projected future earning which should commensurate with past placement records and average packages offered to the pass outs of the college.
Course period + 1 year
Note The details of expenses for the entire course period to be obtained from college/institution.
The loan is repayable in maximum 10-15 years after the completion of the moratorium period as mentioned above.
For loans up to Rs. 7.5 Lakhs: Moratorium Period + Maximum 120 instalments
For loans above Rs. 7.5 Lakhs: Moratorium Period + Maximum 180 instalments
Study in India - NIL .
Study abroad - 1.00% of Loan amount (maximum Rs. 10,000) to be recovered upfront which will be refundable on availing (first disbursement) of loan
A non-refundable lump sum amount Rs. 8,500 per property (towards advocate and valuer charges) to be taken upfront in case of all education loan accounts, wherever property is mortgaged.
Up to Rs. 40 Lakh No Security Co-obligation of parents/guardian along with assignment of future income of the student for payment of instalments.
Above Rs. 40 Lakh Tangible collateral security equal to 100% of the loan amount along with assignment of future income of the student for payment of instalments.
For Institutions in List-A:
Up to Rs. 30 Lakh No Security
Co-obligation of parents/guardian along with assignment of future income of the student for payment of instalments.
Above Rs. 30 Lakh Tangible collateral security equal to 100% of the loan amount along with assignment of future income of the student for payment of instalments.
For Institutions in List-B:
Up to Rs. 15 Lakh No Security Co-obligation of parents/guardian along with assignment of future income of the student for payment of instalments.
Above Rs. 15 Lakh Tangible collateral security equal to 100% of the loan amount along with assignment of future income of the student for payment of instalments.
For Institutions in List-C:
Up to Rs.10 Lakh No Security Co-obligation of parents/guardian along with assignment of future income of the student for payment of instalments.
Above Rs.10 Lakh Tangible collateral security equal to 100% of the loan amount along with assignment of future income of the student for payment of instalments.
For all cases if limit exceeds Rs.80.00 Lakh Security coverage should be 1.25 times
Directly to school/institution/hostel - term wise/year wise, in stages as per the requirement/demand.
Directly to book seller/shop for purchase of books, instruments, equipment.
In case a student does not secure a hostel facility with an educational institute, he may be allowed to make his own arrangement if required. Lodging/boarding charges in such cases to be paid directly to the concerned establishment, after verifying bonafides of the same.
In case where the programmes are being offered by these premier institutions in collaboration with the technology partners like Huges, Times Pro etc., the centres of such technology partners may be treated at par with the Institutions and a branch in the vicinity of the centre of such technology partners can also sanction.
Group credit Life Insurance Cover will be mandatory if Loan amount exceeds Rs.7.50 Lakh.The Cost of Insurance Premium may be financed by Bank by adding the same in the project cost and shall be recovered along with EMIs of the loan. Alternatively, student can provide any term insurance plan obtained from any IRDA approved insurance Company.
Please fill in these details, so we can call you back and assist you.
Frequently Asked Questions (FAQs)
Bank of Baroda education loan is for students who have secured admission into one of the premier educational institutions in India or aboard with preferential treatment.
Yes. We do offer collateral-free education loans for premier institutions.
We offer 2 seamless options for educational loans.
Any Indian citizen can obtain an educational loan at premier institutions. In case, the student was a minor while the parents took a loan, the bank shall ask for a letter of ratification from him or her upon attaining a majority.
Yes. If the institute falls under the categories of AA, A, B, or C, then the student shall proceed to apply for the loan.
Indian institutes: up to Rs. 80 lakhs.
International institutes: up to Rs. 150 lakhs.
You can view the rates of interest at the link below:
This is to inform you that by clicking on continue, you will be leaving our website and entering the website/Microsite operated by Insurance tie up partner. This link is provided on our Bank’s website for customer convenience and Bank of Baroda does not own or control of this website, and is not responsible for its contents. The Website/Microsite is fully owned & Maintained by Insurance tie up partner.
Proceed to the website
Thank you for visiting www.bankofbaroda.in