Loans for Students: Bank of Baroda

Bank of Baroda was established with a major objective of providing meritorious and interested students loan if they wish to pursue higher studies. It offers these loans in three categories: Baroda Vidya, Baroda Gyan and Baroda Scholar.

Baroda Vidhya

Among the three categories of loans offered by Bank of Baroda, Baroda Vidhya is offered for students studying in school. This amount is given to the parents whose child is studying in any standard from Nursery to 12th standard. The bank gives this loan to them without any processing and documentation charges or margin and security. The maximum loan amount offered is Rs. 4 lacs. However to apply and get this loan, the student has to comply with certain conditions. He or she has to be an India national who resides in India. He is to take admission in a recognized school, high school or junior school.

Baroda Gyan

It is a loan scheme specially meant for the students pursuing undergraduate, postgraduate, professional and other type of courses in India.

Eligible Courses

  • All undergraduate and postgraduate courses as well as doctorate programs.

  • Professional courses in areas like fashion technology, engineering, event management, agriculture, mass communication, medical, architecture, agriculture, hospital management, veterinary, hotel management, interior designing, management and others. Certificate courses in computer offered by reputed institutions certified under the Department of electronics or institutions which are affiliated to universities.

  • Programs that are offered by XLRI, IIM, NIFT, IISC, IIT, diploma and degree courses and ICWA, CA, CS, CFA other courses.

  • Diploma and degree courses offered by various colleges and universities which are approved by UGC, AICTE, ICMR, Govt. AIBMS and others.

  • Courses, which are conducted by renowned foreign universities in India.

  • Evening courses offered by institutes, which are approved by reputed associations or courses, which are conducted by reputed national and private institutions.

Eligibility Required for Students

Students should be Indian nationals residing in India. Loan is sanctioned only if student has got admission to the institute through entrance test for merit based selection procedure. The maximum loan offered is 10 lacs.

Baroda Scholar

This category of loan stands for students who wish to pursue their technical and professional studies in abroad. The various courses eligible for this loan are graduate, doctorate, post graduate, technical courses and professional courses offered by renowned universities. Candidates seeking loans need to be Indian Nationals. The maximum amount of loan offered is Rs. 20 lacs.

Related Pages-In order to learn more about rate of interest and required documents browse through Bank of Baroda