Bank of Baroda Education Loan

Student loans with smart features? Get details on Bank of Baroda education loan, eligibility, interest rates, and approved college list for studying abroad.

To be eligible for a Bank of Baroda Education Loan, students must meet the following criteria: Resident Indian citizens with a minimum age of 18 years. Secured admission in a recognised institute or university for a professional, graduate, postgraduate, or doctoral course. For EDP studies, students must be employed during the course of study. For studies abroad, students must have secured admission in a premier institute or a recognised university. Collateral is necessary for loan amounts greater than INR 7.5 lakhs. Take the guesswork out of your future and finances - check your loan eligibility with us today. Click here

Before you apply for the loan, make sure to have these documents mentioned below ready. These are some important ones needed for the loan. There are also other documents required for the education loan process. Check our complete list of documents for an education loan to make sure you don't miss any document with our helpful checklist. Applicants Co-applicants Other Documents Completed Application Form provided by the bank or you can ask from our financial officer by requesting a callback. Proof of Identity (Any one) Proof of Residence / Address (Any one) Academic Records: 10th Result & 12th Result, Graduation Result- Semester-wise (if applicable) Entrance Exam Result through which admission is being taken (e.g. CAT, GMAT, GRE, TOEFL, IELTS etc.) Proof of admission: Offer Letter or Admission Letter from the Institution. Conditional admission letter may be considered in case of studies abroad. Proof of Identity (Any one) Proof of Residence / Address (Any one) 2 passport-size photographs Income Proof for Salaried Co-applicant/ Guarantor: Salary Slip or Salary Certificate, Copy of Form 16 and IT Returns acknowledged by IT Dept., Bank account statement for last 6 months (of Salary Account) Income Proof for Self-employed Co-applicant/ Guarantor: Business address proof (If applicable), IT Returns acknowledged by IT Dept., TDS Certificate (Form 16A, if applicable), Bank account statement for last 6 months Statement of cost of study / Schedule of expenses Collateral Documents: For secured loans, documents related to collateral such as property papers (land or house), Fixed Deposit receipts, or any other asset papers Letter explaining the gap. Sample- on Rs. 100 stamp paper. Rec

In the schemes mentioned above, you will accrue simple interest during the moratorium period, but you have the option not to pay it. You can choose to opt out and start your EMI after the moratorium period ends.

Offline education loan application process in Bank of Baroda Step 1: Visit the branch nearest to you and fill in the Bank of Baroda education loan application form. Step 2: Your profile will be evaluated and depending on that you will be asked to submit a list of documents. Step 3: Submit all the documents you are asked for in the BOB branch closest to you Step 4: After verification of documents the loan amount will be disbursed into your account. Online education loan application process through Subraxo Step 1: Request a callback or Fill out the bank of baroda education loan form online. Step 2: You will get a call from one of our financial officers to check your eligibility for the loan. Give them all the details you are asked for. Step 3: A comparison of all the loan lenders you are eligible for getting a loan from will be provided to you by your financial officer. Step 4: Collect those documents provided by your assigned financial officer and submit them directly to the bank or you can upload them to the WMS secure portal. Step 5: After you’ve submitted all your documents your file will be logged in. You will get the sanction letter of your loan within a week in the case of private lenders and 15-20 days for public banks. Step 6: You will sign the loan agreement after which you can collect your sanction letter. Read More Experience a seamless study loan application process - apply through WMS and enjoy the benefits of our free services. Apply now