lender_profile // bank-of-baroda

Bank of Baroda Education Loan

Bank of Baroda is a public bank on the Path Navigator 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 – ₹10,000, 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 – ₹10,000
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.

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Bank of BarodaAxis BankUnion Bank of IndiaState Bank of IndiaCredilaIDFC First BankICICI BankAvanseInCredAuxilo FinanceProdigy FinanceMPOWER FinancingTata AIGBajaj AllianzAllianz CareMedibank OSHCTK GermanyScotiabank GICICICI Canada GICCoracle BlockedMonzo StudentZolve GlobalWiseBookMyForexNiyo GlobalWestern UnionRogers StudentLycamobile UKAiralo eSIMVodafone DEIDP IELTSPearson PTEETS TOEFLDuolingo English TestAmber StudentUnilodgersUniversity LivingHomestay NetworkAir Canada StudentEmirates SkywardsQatar AirwaysArrivalCabSettleIn KitsCampusBoxWinterReadyTaxBuddy GlobalCreditRiseLocalMoveBank of BarodaAxis BankUnion Bank of IndiaState Bank of IndiaCredilaIDFC First BankICICI BankAvanseInCredAuxilo FinanceProdigy FinanceMPOWER FinancingTata AIGBajaj AllianzAllianz CareMedibank OSHCTK GermanyScotiabank GICICICI Canada GICCoracle BlockedMonzo StudentZolve GlobalWiseBookMyForexNiyo GlobalWestern UnionRogers StudentLycamobile UKAiralo eSIMVodafone DEIDP IELTSPearson PTEETS TOEFLDuolingo English TestAmber StudentUnilodgersUniversity LivingHomestay NetworkAir Canada StudentEmirates SkywardsQatar AirwaysArrivalCabSettleIn KitsCampusBoxWinterReadyTaxBuddy GlobalCreditRiseLocalMove
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