Baroda Gyan (for higher study in India)

A Right Career Begins With
A Right Education.

Education Loan
Give a Missed Call : 846 700 1122

Baroda Gyan (for higher study in India)

A loan product specially designed for students pursuing Graduation, Post - Graduation, Professional & Other courses in India. Bank of Baroda extends a helping hand to energize your studies and promote education of the youth.

  • No processing charges.
  • No Margin on loans upto 4 lacs.
  • Free Debit Card.

Courses Eligible

  • All Graduation courses.
  • All Post Graduation courses & Doctorate courses.
  • Professional Courses viz. Engineering, Medical, Agriculture, Veterinary, Law, Dental, Management, Computer, Ayurved, Homeopathy, Physiotherapy, Hotel Management, Hospital Management, Interior Designing, Architecture, Event Management, Mass Communication, Fashion Technology, etc.
  • Computer certificate courses of reputed institutes accredited to Dept. of Electronics or institutes affiliated to Universities.
  • Courses like C.A, ICWA, CFA, CS, etc.
  • Courses conducted by IIM, IIT, IISc, XLRI. NIFT etc.
  • Regular Degree/ Diploma courses like Aeronautical, pilot training, shipping etc., approved by Director General of Civil Aviation/shipping.
  • Other courses leading to diploma / degree etc. conducted by colleges/universities approved by UGC/Govt./ AICTE/ AIBMS/ ICMR etc.
  • Courses offered in India by reputed foreign Universities.
  • Evening courses of institutes approved by State/Central/Govt./UGC/AICTE/AIBMS/ICMR/ICAR.
  • Courses offered by National Institutes and other reputed private institutions. The College/Institute must have been approved by the State/Central Govt./UGC/AICTE,etc.
  • Teachers Training Course /Nursing Course/ BEd will be eligible for education loan provided the training institutions are approved either by the Central Government or by State Government and such courses should lead to Degree or Diploma Courses and not to Certificate Course. Branches can consider the request for education loan under our “Baroda Gyan Scheme” for the above courses conducted by institutions approved by Central / State Government and leading to Degree or Diploma courses and not to Certificate Courses

Student Eligiblity

  • Should be Resident Indian.
  • Secured admission to either of above courses
  • A meritorious student (who qualifies for a seat under merit quota) will also be eligible for loan under this scheme even if the student chooses to pursue a course under Management Quota.
  • Or courses under Management Quota Seats considered under the scheme, fees as approved by the State Government/ Government approved regulatory body for payment seats will be taken, subject to viability of repayment.

Coverage of expenses

  • Fee payable to college / Institution / University.
  • Examination / Library / Laboratory Fee.
  • Fee and other charges payable to hostel.
  • Purchase of books / equipments / instruments.
  • Personal Computers / Laptops wherever required.
  • Caution deposit / building fund / refundable deposit supported by institution bills / receipts.
  • Any other expenses required to complete the course - like study tours, project works, thesis, etc.
  • Insurance premium for student borrower
  • Cost of external coaching /tuition is not to be considered
  • Simple interest to be charged at monthly rests during the repayment holiday / moratorium period.
  • 0.50% Concession in rate of interest to loans for girl student.
  • Penal interest @ 2% p.a. on overdue amount, if the loan amount exceeds Rs.4.00 lacs.


The Loan will be sanctioned for extending financial assistance to deserving/ meritorious students for pursuing Education

Sr. No. Product Name Target Group
1 BARODA VIDYA Nursery to standard XII
2 BARODA GYAN College and Higher Education in India
3 BARODA EDUCATION LOAN TO STUDENTS OF PREMIER INSTITUTIONS (Under Baroda Gyan) Courses conducted by the Premier Educational Institutions in India
4 BARODA SCHOLAR Studies Abroad

Scope of the Education Loan

Studies in India

  • For education from Nursery to standard XII (Parents shall be given loan in this case)
  • For Graduation Courses, Post-Graduation Courses, Professional Courses like Engineering, Medical, Agriculture, Veterinary, Law, Dental, Management, Architecture, Computer Education etc.
  • Courses like ICWA, CA, CFA etc.
  • Courses conducted by IIM, IIT, IISC, XLRI, NIFT etc.
  • Regular Degree / Diploma Courses like Aeronautical, Pilot Training, Shipping etc. approved by Director General of Civil Aviation / Shipping.
  • Courses offered in India by reputed foreign Universities
  • Other courses leading to Diploma/ Degree etc. conducted by colleges / universities approved by UGC/ Govt. / AICTE / AIBMS / ICMR etc.

Studies abroad

  • Professional / technical courses offered by reputed foreign universities
  • Post-graduation courses like MBA, MCA, MS etc.
  • Courses conducted by CIMA- London, CPA in USA etc.
  • Regular Degree/ Diploma courses like Aeronautical, Pilot Training, Shipping etc. The institute should be recognized by local aviation / shipping authority and Director General of Civil Aviation / Shipping in India.

Student Eligibility

  • Should be an Indian resident
  • Should have secured admission in any courses as mentioned above in point 2.

Coverage of Expenses

  • Fee payable to college / school / Institute / University
  • Examination / Library / Laboratory fee
  • Purchase of Books / Instruments / Equipments / Uniforms
  • Personal Computer / Laptop wherever required
  • Caution Deposit, Building Fund / Refundable deposit (supported by Institutional Bills / Receipts), subject to condition that the amount does not exceed 10% of the total tuition fees for the entire course.
  • Insurance premium for student borrower (not for Loans up to 12th standard Student)
  • Any other expenses required to complete the Course- like study tours, project works, theses etc.

Quantum of Finance

  • Loan to parent of students pursuing school education from Nursery to XII standard -- Maximum Rs 4.00 lac (subject to year wise sublimit)
  • For other courses in India- Maximum Rs.30.00 lac
  • For study outside India- Maximum Rs. 60.00 lac


  • Baroda Vidya : NIL
  • Baroda Gyan : Upto Rs. 4.00 Lakh – NIL, Above Rs. 4.00 lacs 5 %
  • Baroda Education Loan to Students of Premier Institutions - NIL
  • Baroda Scholar for study abroad: NIL for List A and List B Institution, 10 % for Institutions not specified in List A and B.


  • Up to Rs. 4.00 lac- No Security. Co obligation/ Obligation of Parents
  • Above Rs.4.00 lac and up to Rs.7.50 lac-Collateral in the form of a suitable third party guarantee along with assignment of future income.
  • Above Rs. 7.50 lac - Tangible collateral security equal to 100% of the loan amount along with assignment of future income of the students.


Baroda Vidya: NIL

Baroda Gyan & Education Loan to Students of Premier Institutions*: NIL
*For list of Premier Institutions visit our Bank’s website.

Baroda Scholar: 1.00% of Loan amount (maximum Rs.10, 000/-) to be recovered upfront which will be refundable on availment (first disbursement) of loan. The amount can be refunded to the credit of Saving Bank account / Loan account of the student / borrower.
A non-refundable Lump sum amount Rs.7,500/- per property (towards Advocate and Valuer charges) to be taken upfront in case of all Education Loan accounts, wherever property is mortgaged.

Disbursement: For study in India

  • Directly to School / Institution/ Hostel – term wise / Year wise, in stages as per the requirement / demand
  • Directly to Book seller / shop for purchase of Books, Instruments, Equipments
  • Next Year disbursement to be made only after Student has passed the Current Year annual examination & progress report / Mark sheet to that effect is produced to Bank.
  • In case student does not secure Hostel facilities with educational institute, he may be allowed to make his own arrangement, if required, fee of lodging / boarding in such cases to be paid directly to concerned establishment, after verifying bonafides of the same
  • For the first year of study, at times institutions insist students to pay the fees upfront at the time of admission. Such amount can be reimbursed after obtaining proof of payment.

Progress Report

To be submitted at regular intervals by student for Bank records.

Financing Branch

Branch which is in the close proximity to the permanent residence of the parent / at the place of posting / service of the parent, who will be borrower (in case of Loans for Education from Nursery to XII standard) & Co borrower in other cases.

Rate of Interest

For current interest rate visit Click here

Repayment Period

In case of Loans for Education from Nursery to XII standard

  • Loan for each yearly sub limit is repayable in 12 Equated Monthly Installments. First Installment to be due 12 months after first disbursement of each year’s loan component.
  • Interest to be serviced as and when applied during the moratorium period.
  • Option to repay the loan after moratorium by way of EMI is also available.

In case of other Loans

  • Loan upto Rs.7.50 lac is repayable in 10 years after moratorium period (Course period+ 1 year or 6 months after getting job, whichever is earlier). And loans more than 7.50 lac is repayable in 15 years after moratorium period (Course period+ 1 year or 6 months after getting job, whichever is earlier)
  • If the student is not able to complete the course within the scheduled time, extension of time for completion of course may be extended for a maximum period of 2 years. In such cases moratorium period will stand extended accordingly

Other Terms

  • 0.50% concession in rate of interest to loans for girl students except for “Baroda Education Loans to Students of premier Institution”.
  • Penal Interest @ 2% p.a. on overdue amount if loan exceeds Rs 4 lac

Who can apply for the loan?

Any Indian National fulfilling criteria stated above is eligible for education loan.


Who can be co-obligant?

The parents, guardians, friends and relative can be co-obligant.


How much does Bank of Baroda lend?

Bank of Baroda extend need based finance subject to repaying capacity of the parents/student with margin upto following ceilings.

List of FAQs
Studies in India Maximum Rs. 10.00 lacs
Studies abroad Maximum Rs.20.00 lacs.

For how long a period can I get the loan?

We grant loan for a term of 5-7 years after repayment holiday/moratorium.


What is the repayment holiday / moratorium period?

Course period + 1 year or 6 months after getting job whichever is earlier.


What is the mode of repayment?

The accrued interest during the repayment holiday period to be added to the principal and repayment in Equated Monthly Instalment (EMI) is fixed.


Do you offer any concession?

Yes, we do offer 1% interest concession to student loanee, if the interest is serviced during the study period when repayment holiday is specified for interest / repayment under the scheme. Additionally, 1% interest concession is provided to girl students.


What type of interest do you charge under your Education Loan Scheme?

We charge simple interest at monthly rests during the repayment holiday /moratorium period.


Do you levy any penalty for default under the scheme?

Yes, we charge penal interest @ 2% on overdues amount in the loan exceeding Rs.4 lacs.

EMI Calculator

APR Calculator
  • Total Interest
  • Total Amount
Monthly Payment Rs. 1,977.00

Apply Now

Last Visited Page

Back to Top