lender_profile // bank-of-baroda
Bank of Baroda Education Loan
Bank of Baroda is a public bank on the Path Navigators education-loan panel, funding overseas and domestic study with collateral-backed lines.
type
Public Bank
secured rate
6.9% – 10.45%
unsecured rate
NA
max secured
₹4 Cr
max unsecured
NA
rating
4.5
key_terms
- Secured interest band 6.9%–10.45% with sanctions up to the collateral value
- Secured-only product line with the sharpest rates on the panel
- Processing fee Nil up to ₹7.5L; 1% (max ₹10,000) above, margin money 10% (above ₹7.5L)
- Moratorium: Course + 12 months — repay after the course plus grace period
eligibility
- · Indian citizen (or eligible NRI) with a confirmed or conditional admit
- · Co-applicant with a stable income and healthy CIBIL score (700+ preferred)
- · Course must be a recognised full-time programme at an approved institution
- · Applicant age typically 18–35 at the time of sanction
documents
- · KYC of applicant and co-applicant (PAN, Aadhaar, address proof)
- · Academic records: 10th, 12th, degree marksheets and certificates
- · Test scores (IELTS / TOEFL / PTE / GRE / GMAT)
- · Admission or conditional offer letter with fee structure
- · Co-applicant income proof: 3 years ITR, 6 months bank statement, salary slips
- · Collateral papers where a secured loan is applied for
processing fee
Nil up to ₹7.5L; 1% (max ₹10,000) above
margin money
10% (above ₹7.5L)
moratorium
Course + 12 months
sanction time
10–21 working days from complete file
expenses_covered
Tuition and university feesLiving expenses and accommodationAirfare and travelLaptop, books and study materialHealth insurance and exam/visa fees
Co-applicant requirement: Parent, sibling, spouse or close relative. Indicative bands published by the lender; the final offer depends on profile, collateral and co-applicant credit.