Education Loan

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Offer Pricing: Up to Rs.7.50 Lacs : 12.5%*
Above Rs.7.50 lacs: 11.75%
Note: Concession to Girl Students: 0.5%

Loans available for Bachelors Courses and Master courses in India as well as foreign universities.

Documents required from the loan applicant (student) / co applicant(s) –

Pre sanction:

  • Completely filled and signed education loan application form (applicant & co applicant)
  • One photograph – Self attested on the application form (applicant & co applicant)
  • Self attested photocopy of admission offer letter with fees schedule / details (applicant)
  • Photo ID and Signature Verification proof (applicant & co applicant)
  • Residence Proof (applicant & co applicant)
  • Income documents: Latest 3 months salary along with latest form 16 for salaried co applicant(s) / latest 3 years IT returns for self employed co applicant(s)
  • 6 months updated bank account statement (co applicant)
  • Academic records: Self attested photo copies of Mark sheets of 10 qualification along with degree certificates up to latest qualifications.
  • Education loan cover – Credit Protect insurance form – duly signed.

Students may visit the nearest Bank of Baroda branch for their Education Loan inquiry and also apply online on our website.

Credit at the sole discretion of Bank of Baroda. The above list is tentative. Additional documents may be required on a case to case basis.
*Rates are subject to change as per change in base rate

Students can download the loan application form from the below mentioned link and submit the same at any of the Bank of Baroda branch.

Education Loan Form Download

Interest subsidy for students belonging to Economically Weaker Sections is available as per GOI guidelines.

Students from the economically weaker section can avail full interest subsidy during the period of moratorium i.e., Course Period plus one year or six months after getting job, whichever is earlier.

For queries students can freely contact: Any Bank of Baroda Branch, Rajkot

1st Floor, Bank of Baroda Kalawad Road branch, Rajkot – 360 001. India.
Phone:0281-2452368 e-mail

L M Vithalani Chief Manager
Retail Loan Factory