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Baroda Scholar

Bank of Baroda presents financial assistance to students going abroad for Professional / Technical studies. The loan offering is designed to empower you with the financial capability to realise your dreams... Achieve your goals... Reach out to the maximum limits...

Terms & Conditions

Eligiblity of Courses :

Graduate/Post Graduate / Doctorate / Job Oriented Professional / Technical Courses offered by reputed Universities overseas.

Regular Degree/ Diploma courses like Aeronautical, pilot training, shipping etc. The Institute should be recognized by the competent local aviation / shipping authority and Director General of Civil Aviation/shipping in India.

Student Eligiblity :

  • Should be an Indian National.

  • Secured admission to Professional/Technical Courses at foriegn Universities/Institutions.

Coverage of expenses (for overseas studies) :

  • Admission/Tuition fees to College/University.

  • Hostel/Mess charges.

  • Examination/Library/Laboratory fee.

  • Purchase of books/equipments/instruments.

  • Caution deposit/building fund/refundable deposit supported by institution bills/reciepts.

  • One way travel expenses/Passage money.

  • Purchase of computers if essential for completion of the course.

  • Any other expense required to complete the course e.g. study tour, project work, thesis etc.

Maximum amount of loan : Rs. 20.00 Lacs.

Margin : 15%

Repayment Holiday / Moratorium Period :

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

Repayment Period :

  • Repayable in 120 maximum Installments for loan amount upto Rs 7.50 lacs

  • Repayable in 180 maximum Installments for loan amount above Rs 7.50 lacs .
Security :

  • Upto Rs.4.00/- lacs : No security

  • Above Rs. 4.00 Lacs and up to Rs. 7.5 lacs: Collateral in the form of a suitable third
    party guarantee alognwith assignment of future income.

  • Above Rs.7.5 lacs: Tangible collateral security equal to 100% of the loan
    amount along with assignment of future income

Rate of Interest :

  • Simple interest during 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 loan exceeds Rs.4/- lacs.



For further details, please contact the Bank of Baroda Branch nearest to you.

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