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Baroda Vidya

Bank of Baroda presents a one of its kind finance option for parents of students pursuing school education. These loans are available for studies from Nursery to Senior Secondary School.

  • No processing & documentation charges.

  • No Margin.

  • No security required.

Terms & Conditions

Eligibility :

  • Should be an Indian national residing in India.

  • Student should have secured admission to a recognized school / Highschool / Jr. College (including CBSE / ICSE / State Board) for any of the following courses

    1. Stage I : Nursery to V th STD.
    2. Stage II : VI th to VIII STD.
    3. Stage III : IX th to XII th STD.

Coverage of expenses for :

  • Fee payable to college / school.

  • Examination / Library / Laboratory Fee.

  • Fee and other charges payable to hostel.

  • Purchase of books / equipments / instruments / uniforms.

  • Personal Computers / Laptops wherever required.

  • Caution deposit / building fund / refundable deposit supported by instituion bills / receipts.

Maximum Loan Amount : Rs.4.00 Lacs

Repayment Period :

  • Loan for each yearly sub limit is repayable in 12 equal monthly instalments. First instalment to be due 12 months after first disbursement of each year's loan component.

The parents must be residing in the place for a minimum period of -3- years, except in the case of transferable job.

Security :

  • In case the loan is given for purchase of computer the same is to be hypothecated to the bank.

Rate of Interest :


  • 0.50% concession in rate of interest to loans for girl students.

  • Interest to be serviced as and when applied during moratorium period.

  • Penal Interest @ 2% on overdue amount if the loan amount exceeds Rs. 2/- lacs.


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

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