Education Loan EMI Calculator
Education Loan EMI Calculator
  • Loan Amount:

    10000
    10000000
    500000
  • Rate of Interest (%):

    5%
    15%
    8.55
  • Loan Terms (monthly):

    12
    180
    120
  • Equated Monthly Installment (EMI) will be

Frequently Asked Questions (FAQs)

  • What is Education Loan?

    Education loan or student loan is a form of monetary assistance availed by students to meet the expenses associated with their studies. The student loan includes expenses related to school fees, post-secondary education or cost associated to higher education.

  • What are the benefits of taking an education loan from Bank of Baroda?

    Bank of Baroda offers various education loans at attractive interest rates with repayment tenure of up to 15 years. No collateral needs to be provided for education loans of up to Rs. 40.00 lakh for the identified premier institutes. Maximum Education Loan limit is Rs.125.00 lakh for study in India and Rs.150.00 lakh for study abroad.

  • How does Education Loan work?

    Opting for an education loan reduces the strain on existing savings and eliminates the need to liquidate the existing investments. The interest on an education loan is eligible for a tax rebate under Section 80 E of the Income Tax Act 1961

  • How to apply for Education Loan Online?

    To apply for education loan online one needs to visit the bank’s website https://www.bankofbaroda.in/personal-banking/loans/education-loan

  • Who can apply for the education loan?

    The student applying for the education loan must be a resident of India. He/she must have confirmed admission in recognized educational institutes in India or abroad.

  • How much Education Loan can I get from Bank of Baroda?

    For study in India one can get Education Loan up to - Rs.125.00 lakh

    For study abroad one can get Education Loan up to - Rs.150.00 lakh

  • What is the interest rate of education loan?

    Starting from BRLLR+0.25 % for study in India & BRLLR+1.75% for study abroad. For Current ROI kindly visit our Interest Rates & Charges page.

  • How to pay Education Loan?

    The education loan can be paid using any online channel like net banking, mobile banking etc. The Borrower will have also a choice to pay the Education loan by visiting the nearby branch.

  • Who can be co- applicant for Education Loan?

    Co-applicant should normally be parent(s)/guardian of the student borrower. In case of a married person, joint borrower can be either spouse or the parent(s)/parents-in-law as a co-applicant for Education Loan.

Banking Mantra

  • 01 Jan 2020
    Baroda Education Loan: Father Gives Daughter Flying Wings
    H_M8Pz18reA

Add this website to home screen

Are you Bank of Baroda Customer?

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.


The use of any of the Insurance’s tie up partners website is subject to the terms of use and other terms and guidelines, if any, contained within tie up partners website.


Proceed to the website


Thank you for visiting www.bankofbaroda.in

X
We use cookies (and similar tools) to enhance your experience on our website. To learn more on our cookie policy, Privacy Policy and Terms & Conditions please click here. By continuing to browse this website, you consent to our use of cookies and agree to the Privacy Policy and Terms & Conditions.