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.

• Zero processing & documentation charges.
  
  
• Zero Margin on loan upto 4 lacs.
  
  
• Free Debit Card.
  
  
• Drafts required in favour of the school or student will be issued free.
  
  

• 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 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.

 Student Eligiblity :

• Should be Resident Indian.
  
  
• Secured admission to either of above courses
  
  
• No minimum qualifying marks.

• Fee payable to college / Institution / University.
  
  
• 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.
  
  
• Any other expenses required to complete the course - like study tours, project works, thesis, etc.

Margin :

• Upto Rs. 4.00 lacs :- NIL
  
  Above Rs. 4.00 lacs :- 5%
  
  
• Scholarship/assistantship if any received to be included in the margin.
  
  
• Margin may be broad on year to year basis as and when disbursements are made on a pro rata basis.

• Up to Rs.4.00 lacs - BPLR with monthly rests (Click here for current BPLR)
  
  
• Above Rs.4.00 lacs : BPLR + 1% with monthly rests.
  
  
• Simple interest to be charged at monthly rests during the repayment holiday/moratorium period.
  
  
• Penal interest @ 2% p.a. on overdue amount, if the loan amount exceeds Rs.4.00 lacs.
  
  
• 1% interest concession be provided if interest debited during repayment holiday is serviced.
  
  
• 1% Concession in rate of interest to loans for girl student.

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

• The loan is repayable in 5 years after the above period.