Bank Of Baroda Education
Loan EMI Calculator

Loan Amount (₹)
Interest Rate (%)
Tenure (Yrs)
EMI
0

BARODA GYAN APPLIES TO STUDENTS WHO ARE PURSUING GRADUATION,POST-GRADUATION AND OTHER PROFESSIONAL COURSES IN INDIA
Interest
Rate

Loan limit Interest Rate
20 lacs for primier Institutions 11.00-11.40%
10 lacs for other institues 10.35-11.10%
Loan Amount &
Security

Secured Unsecured
Above 7.5 lacs Upto 7.5 lacs
Charges &
Repayment

Processing fees Nil
Repayment period 10 to 15 years
Moratorium period Course of study + 6 months
Eligibility
Criteria

  • Indian National
Key Benefits &
Coverage

Tax benefits under section 80 E
Concessions
  • 0.50% on ROI for girl student
  • 1.00% on ROI for students who are pursuing their studies in premier institutions like IIT, IIM, IIFT, AIIMS, ISB, NIT, XLRI, MDI, IISc, SPJIM etc
Margin
  • Upto 4 lacs-Nil
  • Above 4 lacs 5 %
Course covered
  • Indian Courses - courses conducted by colleges/universities approved by UGC/ AICTE/IMC/Govt. etc.
  • Indian Courses - Courses conducted by autonomous institutions like IIT, IIM etc.
  • Indian Courses - Teacher training/ Nursing courses approved by Central government or the State Government
  • Indian Courses - Courses approved by Director General of Civil Aviation/Shipping/ concerned regulatory authority
Expenses covered
  • College fees, book & laptop purchase, travel expenses and any education related expenses.
Required
Documents

Student Co-Borrower
KYC
  • Aadhaar
  • 2 passport photo
  • Aadhaar & Pan card
  • residence proof
EDUCATION
  • Admit letter
  • cost of study statement
  • X & XII mark sheet
    ---
INCOME
  • Pan card
  • 6 months bank account statement
  • 6 months bank account statement
  • ITR of last 2years /form 16
  • Income proof(salary slip )
SECURITY
    ---
  • Assets and liabilities brief statement