Bank of Baroda Education Loan 2026
Bank of Baroda prices education loans off its repo-linked BRLLR, with separate schemes for premier Indian institutes, study abroad (Baroda Scholar), other Indian courses (Baroda Gyan) and school education (Baroda Vidya). Interest rate 6.85% – 9.90%, loan Baroda Scholar up to ₹150 lakh (premier) / ₹60 lakh (non-premier); Baroda Gyan up to ₹125 lakh; Premier Institutions (India) up to ₹80 lakh with collateral; Baroda Vidya up to ₹4 lakh, tenure Up to 120 EMIs (loans up to ₹7.5 lakh) or 180 EMIs (above ₹7.5 lakh) after the moratorium.
Rates as of BRLLR eff 6 Dec 2025 · Checked 27 September 2026Bank of Baroda Education Loan at a glance
- Starting rate as low as 6.85% for top institutes
- Collateral-free up to ₹40 lakh for Category AA institutes
- Nil processing fee for loans up to ₹7.5 lakh
- 15% margin for Baroda Scholar loans of ₹4–7.5 lakh
- Non-premier abroad loans up to ₹7.5 lakh priced at 9.90%
- Rate depends heavily on institute category
Bank of Baroda education loan interest rate & charges
| Feature | Bank of Baroda |
|---|---|
| Interest rate | 6.85% – 9.90% |
| Rate details | Computed from official spreads over BRLLR of 7.90% (effective 6 Dec 2025): Premier Institutions (India) BRLLR − 1.05% for top IIMs/IITs to + 0.50% for Category C = 6.85% – 8.40%; Baroda Scholar (abroad) premier + 0.55% = 8.45%, non-premier up to ₹7.5 lakh + 2.00% = 9.90%, above ₹7.5 lakh + 1.05% = 8.95%; Baroda Gyan (India) + 2.00% / + 1.90% = 9.90% / 9.80%. Baroda Vidya (school) is priced higher. The bank’s homepage advertises rates “from 7.1%”. |
| Processing fee | Nil up to ₹7.5 lakh and for premier institutes in India; studies abroad 1% (max ₹10,000), refunded for premier institutes; ₹8,500 per property mortgaged |
| Loan amount | Baroda Scholar up to ₹150 lakh (premier) / ₹60 lakh (non-premier); Baroda Gyan up to ₹125 lakh; Premier Institutions (India) up to ₹80 lakh with collateral; Baroda Vidya up to ₹4 lakh |
| Tenure | Up to 120 EMIs (loans up to ₹7.5 lakh) or 180 EMIs (above ₹7.5 lakh) after the moratorium |
| Prepayment / foreclosure | No prepayment charge on floating-rate loans to individuals |
| Collateral-free limit | Baroda Gyan / Scholar: ₹4 lakh. Premier Institutions (India): Category AA ₹40 lakh, A ₹30 lakh, B ₹15 lakh, C ₹10 lakh |
| Moratorium | Course + 1 year |
| Margin | Baroda Scholar: nil up to ₹4 lakh, 15% for ₹4–7.5 lakh, above ₹7.5 lakh nil (premier) / 10% (non-premier). Premier Institutions (India): nil / 5% / nil |
| Concessions | 0.20% for girl students (non-premier Baroda Scholar); 0.20% for 100% security (premier) |
Special schemes & features
Top Indian institutes by category (AA/A/B/C) with collateral-free limits of ₹10–40 lakh
Study abroad up to ₹150 lakh at premier institutions
Collateral-free loan for medical courses
For ESG / sustainability-related courses, up to ₹25 lakh
Online application and sanction
Source: bankofbaroda.bank.in, BRLLR eff 6 Dec 2025. Rates are indicative; your rate depends on your profile. Always check the Key Facts Statement (KFS) for the APR before signing.
EMI at Bank of Baroda’s rates
| Loan amount | EMI @ 6.85% | EMI @ 8.38% | EMI @ 9.90% |
|---|---|---|---|
| ₹5,00,000 | ₹5,767 | ₹6,167 | ₹6,580 |
| ₹10,00,000 | ₹11,534 | ₹12,334 | ₹13,160 |
| ₹25,00,000 | ₹28,834 | ₹30,836 | ₹32,899 |
Tenure 10 years, reducing-balance method. Total interest on ₹10,00,000 at 6.85%: ₹3,84,042.
Bank of Baroda education loan EMI calculator
Eligibility
- Indian national (some lenders also lend to NRI/OCI students)
- Confirmed admission to a recognised course in India or abroad, usually through an entrance test or merit-based selection
- Parent or guardian as co-borrower (spouse or parents-in-law for married students)
- Satisfactory credit history of the co-borrower; income matters more for larger or unsecured loans
- Collateral for loans above ₹7.5 lakh under the IBA model scheme (higher collateral-free limits for premier institutes)
- Margin money (your own contribution) of 5% for India or 15% for abroad on loans above ₹4 lakh
Documents required
- Student and co-borrower KYC: PAN, Aadhaar, passport (for abroad), photographs
- Admission letter and official fee schedule of the institute
- Marksheets of Class 10, 12, graduation and entrance-test scorecards
- Co-borrower income proof: salary slips / Form 16 or ITR for 2 years, 6 months’ bank statements
- Collateral papers for secured loans: title deed, encumbrance certificate, valuation and legal reports
- For studies abroad: I-20 / CAS / CoE or offer letter, visa (at disbursal), cost estimate, GRE/GMAT/IELTS/TOEFL scores
How to apply for Bank of Baroda Education Loan
- Shortlist lendersCompare rate, collateral-free limit, margin and moratorium for your institute — premier institutes get much better terms.
- Apply online or via PM-VidyalaxmiApply on the bank’s website, at a branch or through the PM-Vidyalaxmi portal (pmvidyalaxmi.co.in) for participating banks.
- Submit documentsAdmission letter, fee schedule, academic records, KYC and co-borrower income proof; collateral papers if needed.
- Sanction & KFSCheck the sanction letter and Key Facts Statement for APR, moratorium terms and margin before signing.
- DisbursalFees are paid directly to the institution term by term; living and other costs are released in tranches.
Bank of Baroda vs other lenders
| Lender | Rate | Processing fee | Tenure | EMI on ₹10,00,000 |
|---|---|---|---|---|
| Union Bank Education Loan | 6.75% – 10.00% | Not published in the sources checked — ask the branch | Up to 15 years after the moratorium | ₹11,482 |
| Bank of Baroda Education Loan | 6.85% – 9.90% | Nil up to ₹7.5 lakh and for premier institutes in India; studies abroad 1% (max ₹10,000), refunded for premier institutes; ₹8,500 per property mortgaged | Up to 120 EMIs (loans up to ₹7.5 lakh) or 180 EMIs (above ₹7.5 lakh) after the moratorium | ₹11,534 |
| Canara Bank Education Loan | 6.85% – 10.10% | Vidya Turant: nil (PM-Vidyalaxmi portal fee ₹200 + GST); Master’s-abroad scheme 0.50% (capped at ₹10,000 – ₹20,000) | Up to 15 years excluding the moratorium | ₹11,534 |
| SBI Education Loan | 6.90% – 9.90% | Student Loan: nil up to ₹10 lakh, ₹5,000 + GST for ₹10–20 lakh, 0.50% (max ₹25,000) above ₹20 lakh. Scholar Loan: nil. Global Ed-Vantage: 0.50% (min ₹10,000, max ₹50,000) + GST | Up to 15 years after the moratorium | ₹11,559 |
| Bank of India Education Loan | 7.00% – 9.80% | Studies in India: nil (portal fee ₹100 + GST); studies abroad: ₹5,000 (aggregator) | 15 years from start of repayment | ₹11,611 |
| PNB Education Loan | 8.10% – 11.25% | About 1% for study-abroad loans (aggregator); India loans as per PNB’s service-charge schedule | Up to 15 years | ₹12,186 |
| Credila Education Loan | 8.95% – 13.00% | 0.5% – 1% of the loan + GST | Up to 14 years | ₹12,641 |
| HDFC Bank Education Loan | 9.00% – 14.10% | Studies in India: 1% of loan or ₹1,000, whichever is higher; studies abroad: 1.5% + taxes | Up to 10 years for loans up to ₹7.5 lakh; up to 15 years above | ₹12,668 |
Frequently asked questions
What is the Bank of Baroda Education Loan education loan interest rate?
Bank of Baroda education loan rates start at 6.85% and go up to 9.90% p.a. (as of BRLLR eff 6 Dec 2025). The rate you get depends on your credit score, income and loan details.
What is the EMI for ₹10,00,000 from Bank of Baroda?
At 6.85% for 10 years the EMI is about ₹11,534, with total interest of ₹3,84,042.
What is the processing fee?
Bank of Baroda: Nil up to ₹7.5 lakh and for premier institutes in India; studies abroad 1% (max ₹10,000), refunded for premier institutes; ₹8,500 per property mortgaged. GST at 18% applies on fees.
What is the maximum tenure?
Bank of Baroda: Up to 120 EMIs (loans up to ₹7.5 lakh) or 180 EMIs (above ₹7.5 lakh) after the moratorium.
Can I prepay or foreclose the loan?
Bank of Baroda: No prepayment charge on floating-rate loans to individuals.
Information compiled from the lender’s published rates and reputable aggregators for comparison only. FinancePortal is not affiliated with Bank of Baroda Education Loan. Terms change — confirm with the lender.