Bank of Baroda Fixed Interest Rate Abroad Education Loan

 In order to build a strong career ahead, there is a need for stronger base in the form of higher education. However, there isn’t a doubt that education in the modern times has become so expensive that it may be a roadblock to your success destination. In order to achieve your dreams, you must step these stones and take a plunge. Education loans come in very handy to help you achieve your dreams in the modern times. These higher tuition fee shouldn’t be a hinderance to your dreams. That is why, Bank of Baroda education loanoffers various kinds of facilities and benefits to the students and parents.

Foreign education loan for abroad through Bank of Baroda is served under the category- Baroda Executive Development Programme for Premier institutions, and Baroda Scholar.

Talking specifically about the Bank of Baroda fixed interest rate for education loan, the bank has made its list of Premier Institutions, which can be checked on the website. For these institutions, the rate of interests are as

BRLLR+SP+1.00% Spread  For institutions not listed

BRLLR+SP+1.75% spread (0.50% concession for girl students)

Baroda Scholar: The most popular Bank of Baroda education loan scheme

This scheme is available for MBA, MCA, MS, and a range of other professional courses, which in turn, help the students with job creation. In order to avail loans under this scheme, it is mandatory for the student to have secured the admission in the notified course under notified college/university.

However, there are certain colleges/universities for which the loan amount is limited to Rs. 80 lakhs. The non-specified institutes have a loan amount of Rs. 60 lakhs.

The list of Premier institutions are nearly 200 and many of the Indian students fall under these Universities. Bank of Baroda supports these universities globally and students studying in these Universities can avail the most economical rate in the market.

Interest Rates & Charges

Bank of Baroda education loan comes with simple interest, which is charged monthly, and rests during the moratorium period and holiday. The bank offers 0.50% Concession for rate of interest to loans for girl students. In case the loan amount is exceeding Rs. 4 lakhs, the Bank charges Penal interest @ 2% p.a. on the overdue amount. During the period of Study you do not need to pay anything  for Bank of Baroda education loan.

This is one of the most popular education loans for students going abroad after having worked in jobs for certain numbers of years. The students who wish to upskill themselves with executive courses, such as MCA, MBA, MS. etc., find Bank of Baroda education loan absolutely lucrative.

There are also students who opt for Bank of Baroda education loan for studying abroad after 12^th grade, especially for STEM Courses (Science, Technology, Engineering and Mathematics) .

Eduloans- Seek assistance under one umbrella

Edu loans was the first empanelled digital DSA for the education loan. It was the pioneer wherein we revamped the process of Bank of Baroda education loan . In case the student visits us we fill up the form of Edu loans which digitally hits the bank of Baroda server. The lead is automatically uploaded on bank of Baroda central server and allocated to the closest special market store. The student did not go to the branch and directly interact with the education loan officer thereby reducing the turnaround time of an education loan by over 50%. This innovative approach has benefited hundreds of students and please visit at loans and start filling up your portal to meet the bank of Baroda education on specialist smartly.