Bank of Baroda Education Loan (India)

Bankrate under review · last sighted 20 Apr 2026

Bank of Baroda Education Loan — one of the lowest rate bands in Indian education loans, with Vidyalakshmi subsidy eligibility.

Documents required

PAN Card
Aadhaar Card
Admission letter
Fee structure
Co-borrower KYC
Co-borrower income proof

As published by Bank of Baroda. Your branch may ask for more.

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No verified interest rate is available for the Bank of Baroda education loan (india).

Interest rateVaries by profile p.a.

Processing fee₹10,000

Max amount₹1.5Cr

Max tenure15 yr

Compare with 11 other lenders →

Best for: Students comparing public-sector education lenders.

Eligibility

At Bank of Baroda

Age18 – 35 years

Min salaryNo minimum

Min income (self-emp)No minimum

Min credit score700+

Employmentstudent

Disbursal10-15 business days

Typical for education loan (india)

ApplicantStudent borrower with a co-applicant (parent/guardian)

AdmissionConfirmed seat in a recognised institution

CollateralUsually none below a threshold (often ₹7.5L)

MoratoriumCourse duration + 6 – 12 months before EMIs start

Loan terms

Amount₹1L – ₹1.5Cr

Tenure5 – 15 years

Rate typefloating

PrepaymentNil

Late payment₹500 + applicable taxes per instance

Lowest education loan rates
Government bank reliability
Vidyalakshmi interest subsidy eligible

Fees & charges

Prepayment / foreclosureGenerally allowed; check the lender

Interest during moratoriumAccrues; simple interest at most public banks

Tax: interest paid is deductible under Section 80E with no upper cap, for up to 8 years. Confirm with a tax adviser.

FAQ

When do I start repaying?

After the moratorium — course duration plus 6 to 12 months. Interest accrues during study; paying simple interest through the moratorium reduces your later EMI.

How current are these rates?

Every row is date-stamped with the day we last checked it, and links to the lender’s published material so you can confirm it yourself. A row we confirmed against the source reads “Verified”; one we could only sight reads “as of”, and is not presented as confirmed. Anything we have not re-checked in 60 days is marked “rate under review” rather than left to look current. We do not claim a fixed re-checking cycle — the date on each row is the honest answer.

Does comparing rates here affect my credit score?

No. Viewing rates is not a credit enquiry and has no score impact. A hard enquiry happens only when you formally apply to a lender.

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