I am planning to apply for Bank of Baroda Education Loan searching for loan details. Will you tell what the Bank of Baroda Education Loan Interest Rates also tell what the eligibility to apply?

Established in the year 1908, Bank of Baroda is an Indian state-run banking and financial services organization and also the second largest bank in India in terms of assets.

About the Baroda Vidya education loan:

Interest rates:

Loans upto Rs.4 lakhs : Base Rate + 2.50%

Loans from Rs.4 lakhs to Rs.7.50 lakhs : Base Rate + 2.50%

Loans above Rs.7.50 lakhs : Base Rate + 1.75%

Baroda Education Loan for Vocational Education & Training : Base Rate + 2.00%

Note-

Loans to girl students gets an applicable 0.50% concession.

Interest must be serviced as and when applied during the moratorium period.

If loan amount exceeds Rs.2 lakhs, penal interest at the rate of 2% applies on the overdue amount.

Added concession of 1.00% applies to students who are pursuing their studies in premier institutions like IIT, IIM, IIFT, AIIMS, ISB, NIT, XLRI, MDI, IISc, SPJIM etc.

Eligibility:

Applicant must be an Indian national, residing in India.

He/she must have secured admission to a recognized school/high school/Junior College (ICSE/CBSE/State Board) for the following courses:

Stage I – Nursery to Std. V

Stage II – Std. VI to Std. VIII

Stage III- Std. IX to Std. XII

Contact:

Bank of Baroda
Baroda Bhavan
7th Floor,R.C. Dutt Road,
Vadodara-390 007, (Gujarat) India.

Phone No. : (0265) 2316792

Email : gm.ops.ho@bankofbaroda.com