
{"id":11757,"date":"2024-04-20T18:19:55","date_gmt":"2024-04-20T12:49:55","guid":{"rendered":"https:\/\/fly.finance\/blog\/?p=11757"},"modified":"2024-04-20T18:19:57","modified_gmt":"2024-04-20T12:49:57","slug":"bank-of-baroda-education-loan","status":"publish","type":"post","link":"https:\/\/fly.finance\/blog\/education-loan\/bank-of-baroda-education-loan\/","title":{"rendered":"Bank of Baroda Education Loan to Study Abroad: Features, Benefits, Interest"},"content":{"rendered":"\n<p>If you are planning to study abroad at a well-reputed university then Bank of Baroda might have the right deals for you. Bank of Baroda Education Loans to Study Abroad are provided to students who are admitted into premiere institutes for courses like MBA, MCA and MS which are job-oriented. You will also get <a href=\"https:\/\/fly.finance\/blog\/money-transfer\/bank-of-baroda-international-transfer\/\"><strong>Bank of Baroda international transfer<\/strong><\/a> services at a genuine transaction fee. In this blog we will be covering the eligibility criteria, interest rates and charges, most important terms and conditions (MITC) and documents required.<\/p>\n\n\n\n<div class=\"wp-block-yoast-seo-table-of-contents yoast-table-of-contents\"><h2 id=\"table-of-contents\">Table of contents<\/h2><ul><li><a href=\"#h-overview-of-bank-of-baroda-education-loan-to-study-abroad\" data-level=\"2\">Overview of Bank of Baroda Education Loan to Study Abroad?<\/a><ul><li><a href=\"#h-benefits-of-bank-of-baroda-education-loan-to-study-abroad\" data-level=\"3\">Benefits of Bank of Baroda Education Loan to Study Abroad<\/a><\/li><li><a href=\"#h-eligibility-criteria\" data-level=\"3\">Eligibility Criteria<\/a><\/li><\/ul><\/li><li><a href=\"#h-interest-rates-and-charges\" data-level=\"2\">Interest Rates and Charges<\/a><ul><li><a href=\"#h-floating-rate\" data-level=\"3\">Floating Rate<\/a><\/li><li><a href=\"#h-fixed-rates\" data-level=\"3\">Fixed Rates<\/a><\/li><\/ul><\/li><li><a href=\"#h-most-important-terms-and-conditions-mitc\" data-level=\"2\">Most Important Terms and Conditions (MITC)<\/a><\/li><li><a href=\"#h-documents-required\" data-level=\"2\">Documents Required<\/a><\/li><li><a href=\"#h-faqs-on-bank-of-baroda-education-loan-to-study-abroad\" data-level=\"2\">FAQs on Bank of Baroda Education Loan to Study Abroad<\/a><\/li><\/ul><\/div>\n\n\n\n<p class=\"has-pale-ocean-gradient-background has-background\"><strong>Also Read: Bank of Baroda also provides forex cards for students who are planning to study abroad. To know about the benefits and uses read <\/strong><a href=\"https:\/\/fly.finance\/blog\/?s=Bank+of+Baroda\"><strong>Bank of Baroda Forex Card: Benefits, Uses, Charges<\/strong><\/a><strong>.&nbsp;<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-overview-of-bank-of-baroda-education-loan-to-study-abroad\"><span id=\"overview-of-bank-of-baroda-education-loan-to-study-abroad\">Overview of Bank of Baroda Education Loan to Study Abroad?<\/span><\/h2>\n\n\n\n<p>Bank of Baroda Education Loan to Study Abroad is provided specifically to students going abroad for vocational\/technical studies. This education loan requires no processing charges up to INR 7.50 and has no margin on loans up to INR 4 lacs. The loan requires no documentation charges and can be availed by any student of Indian nationality who has secured admission is a university abroad.&nbsp;<\/p>\n\n\n\n<p>The loan covers college fees along with hostel and mess charges. Examination, laboratory, library, books, uniform, personal computers, caution deposits and other expenses like study tours and project works are also included in the loan. Traveling to and from is also managed which makes it easy for students to cover all their needs.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-benefits-of-bank-of-baroda-education-loan-to-study-abroad\"><span id=\"benefits-of-bank-of-baroda-education-loan-to-study-abroad\">Benefits of Bank of Baroda Education Loan to Study Abroad<\/span><\/h3>\n\n\n\n<p>Bank of Baroda provides several benefits to students who are planning to study abroad. The bank provides a repayment period of up to 10 years. Mentioned below are a few other benefits of Bank of Baroda Education Loan to Study Abroad:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Processing fees of a maximum of INR 10,000 can be recovered upfront for loans above Rs.7.50 Lakh for premium institutions.<\/li>\n\n\n\n<li>There are no processing charges for loans up to INR 7.50 Lakhs.&nbsp;<\/li>\n\n\n\n<li>There are no documentation charges.&nbsp;<\/li>\n\n\n\n<li>No security will be taken from applicants for loans up to Rs. 7.50 Lakhs.&nbsp;<\/li>\n\n\n\n<li>A free debit card will be provided to the applicant of the loan.&nbsp;<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-eligibility-criteria\"><span id=\"eligibility-criteria\">Eligibility Criteria<\/span><\/h3>\n\n\n\n<p>Students who have been accepted into premier universities for professional courses at graduation and post-graduation level can apply for Bank of Baroda Education Loans. For management courses over 171 universities are acknowledged including Harvard University, Massachusetts Institute of Technology: Sloan, New York University: Stern, Yale University, University of Oxford: Sa\u00efd and Technical University of Munich.&nbsp;<\/p>\n\n\n\n<p>STEM courses, medical courses and other education courses like law, economics, econometrics, art, performing arts and design are also eligible for loans. For STEM courses over 263 universities are acknowledged whereas 100 universities for medical courses and 40 for other education courses are also accepted.&nbsp;<\/p>\n\n\n\n<p class=\"has-pale-ocean-gradient-background has-background\"><strong>Also Read: Are you applying for education loans? If yes, know about the <\/strong><a href=\"https:\/\/fly.finance\/blog\/education-loan\/banks-offering-lowest-interest-rate-on-education-loans\/\"><strong>Banks Offering Lowest Interest Rate on Education Loans<\/strong><\/a><strong>.&nbsp;&nbsp;<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-interest-rates-and-charges\"><span id=\"interest-rates-and-charges\">Interest Rates and Charges<\/span><\/h2>\n\n\n\n<p>Bank of Baroda provides affordable interest rates for student loans starting from 8-9%. The loan is provided at a floating rate of interest subject to revision every quarter. The interest rate is determined based on the RLLR (Repo Linked Lending Rate) and the spread. Check the details below<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-floating-rate\"><span id=\"floating-rate\">Floating Rate<\/span><\/h3>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table><tbody><tr><td colspan=\"3\"><strong>Education Loan to Premier Institutions Abroad<\/strong><\/td><\/tr><tr><td>Conditions<\/td><td>Repo Rate + Spread<\/td><td>Effective Rate of Interest<\/td><\/tr><tr><td>Abroad<\/td><td>RLLR + 0.55%<\/td><td>9.70%<\/td><\/tr><tr><td>Abroad (for CANADA)<\/td><td>RLLR + 0.55%<\/td><td>9.70%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>*No concessions for girl child.<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table><tbody><tr><td colspan=\"3\"><strong>Education loans to Non-Premier Institutions Abroad<\/strong><\/td><\/tr><tr><td>Conditions<\/td><td>Repo Rate + Spread<\/td><td>Effective Rate of Interest<\/td><\/tr><tr><td colspan=\"3\"><strong>Abroad<\/strong><\/td><\/tr><tr><td>Up to Rs.7.50 Lakh<\/td><td>RLLR + 2.00%<\/td><td>11.15%<\/td><\/tr><tr><td>Above Rs 7.50 lakh<\/td><td>RLLR + 1.05%<\/td><td>10.20%<\/td><\/tr><tr><td>Special rate of Interest for Children of defence personal Under the Baroda Yodha Education Loan Scheme<\/td><td>RLLR + 1.05%<\/td><td>10.20%<\/td><\/tr><tr><td colspan=\"3\"><strong>Abroad (for CANADA)<\/strong><\/td><\/tr><tr><td>Up to Rs.7.50 Lakh<\/td><td>RLLR + 2.00%<\/td><td>11.15%<\/td><\/tr><tr><td>Above Rs 7.50 lakh<\/td><td>Special rate of Interest for Children of defence personnel Under the Baroda Yodha Education Loan Scheme<\/td><td>11.70%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>*0.20% concession in ROI for girl child for Non-Premier Institutes.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-fixed-rates\"><span id=\"fixed-rates\">Fixed Rates<\/span><\/h3>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table><tbody><tr><td colspan=\"3\"><strong>Education Loan to Premier Institutions Abroad<\/strong><\/td><\/tr><tr><td><strong>Conditions<\/strong><\/td><td><strong>Repo Rate + Spread<\/strong><\/td><td><strong>Effective Rate of Interest<\/strong><\/td><\/tr><tr><td colspan=\"3\"><strong>Abroad<\/strong><\/td><\/tr><tr><td>Up to Rs.7.50 Lakh<\/td><td>Base Rate + 2.00%<\/td><td>11.40%<\/td><\/tr><tr><td>Above Rs 7.50 lakh<\/td><td>RLLR + 2.55%<\/td><td>11.70%<\/td><\/tr><tr><td colspan=\"3\"><strong>Special rate of Interest for Children of defence personnel Under Baroda Yodha Education Loan Scheme<\/strong><\/td><\/tr><tr><td>Up to Rs.7.50 Lakh<\/td><td>Base Rate + 2.00%<\/td><td>11.40%<\/td><\/tr><tr><td>Above Rs 7.50 lakh<\/td><td>RLLR + 2.55%<\/td><td>11.70%<\/td><\/tr><tr><td colspan=\"3\"><strong>Abroad (for CANADA)<\/strong><\/td><\/tr><tr><td>Up to Rs.7.50 Lakh<\/td><td>Base Rate + 2.00%<\/td><td>11.40%<\/td><\/tr><tr><td>Above Rs 7.50 lakh<\/td><td>RLLR + 2.55%<\/td><td>11.70%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>*No concessions for girl child.<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table><tbody><tr><td colspan=\"3\"><strong>Education Loans to Non-Premier Institution Abroad<\/strong><\/td><\/tr><tr><td>Conditions<\/td><td>Repo Rate + Spread<\/td><td>Effective Rate of Interest<\/td><\/tr><tr><td colspan=\"3\">Abroad<\/td><\/tr><tr><td>Up to Rs.7.50 Lakh<\/td><td>Base Rate + 2.00%<\/td><td>11.40%<\/td><\/tr><tr><td>Above Rs 7.50 lakh<\/td><td>RLLR + 3.05%<\/td><td>12.20%<\/td><\/tr><tr><td colspan=\"3\"><strong>Special rate of Interest for Children of defence personnel Under Baroda Yodha Education Loan Scheme<\/strong><\/td><\/tr><tr><td>Up to Rs.7.50 Lakh<\/td><td>Base Rate + 2.00%<\/td><td>11.40%<\/td><\/tr><tr><td>Above Rs 7.50 lakh<\/td><td>RLLR + 3.05%<\/td><td>12.20%<\/td><\/tr><tr><td colspan=\"3\"><strong>Abroad (for CANADA)<\/strong><\/td><\/tr><tr><td>Up to Rs.7.50 Lakh<\/td><td>Base Rate + 2.00%<\/td><td>11.40%<\/td><\/tr><tr><td>Above Rs 7.50 lakh<\/td><td>RLLR+4.55%<\/td><td>13.70%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>*0.20% concession in ROI for girl child for Non-Premier Institutes.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-most-important-terms-and-conditions-mitc\"><span id=\"most-important-terms-and-conditions-mitc\">Most Important Terms and Conditions (MITC)<\/span><\/h2>\n\n\n\n<p>Bank of Baroda Education Loan to Study Abroad targets students going abroad for professional and technical studies. It funds up to INR 1.5 crore for premier Institutions and INR 60 lakh for Non-Premier Institutions. The moratorium period is the course period + one year whereas the repayment period is up to 15 years after completion of the moratorium period.<\/p>\n\n\n\n<p>Bank of Baroda education loan disbursement is directly done to the university and the hostel facility in stages as per demand or requirement. As for the books and other equipment, the transfer is made directly to the seller by the bank. A student&#8217;s lodging\/ boarding charges are also directly made to the establishment after verifying the authenticity of the same.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-documents-required\"><span id=\"documents-required\">Documents Required<\/span><\/h2>\n\n\n\n<p>The process of application is simplified for the convenience of students. It is required for the applicant to submit proof of admission along with other necessary documents. Mentioned below are the necessary papers that must be presented during the time of applying :&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>KYC of applicant and co-applicant for identification purposes.&nbsp;<\/li>\n\n\n\n<li>Academic records of students.&nbsp;<\/li>\n\n\n\n<li>Entrance exam results (if applicable)<\/li>\n\n\n\n<li>Statement of cost of study\/ Schedule of expenses<\/li>\n\n\n\n<li>Income Proof for Salaried Co-applicant\/ Guarantor (if applicable)<\/li>\n\n\n\n<li>Bank account statement for the last 6 months&nbsp;<\/li>\n\n\n\n<li>Property Documents (if applicable)<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-faqs-on-bank-of-baroda-education-loan-to-study-abroad\"><span id=\"faqs-on-bank-of-baroda-education-loan-to-study-abroad\">FAQs on Bank of Baroda Education Loan to Study Abroad<\/span><\/h2>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1713616595383\"><strong class=\"schema-faq-question\">Does the Bank of Baroda provide education loans for abroad studies?<\/strong> <p class=\"schema-faq-answer\">Yes, the Bank of Baroda provides 100% education loans to Indian students who have been accepted for higher education courses in foreign universities. The loan is extended to students who are pursuing courses that aid job creation like MBA, MCA and MS. This education loan requires no processing charges up to INR 7.5 lakh and has no margin on loans up to INR 4 lakh.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1713616596530\"><strong class=\"schema-faq-question\">How much education loan can I get from the Bank of Baroda to Study Abroad?<\/strong> <p class=\"schema-faq-answer\">To study abroad an Indian resident can get a maximum education loan of 150 lakhs which is payable in 10-15 years after completion of the moratorium period. The moratorium period is the course period plus one more extra year.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1713616597666\"><strong class=\"schema-faq-question\">How long does the Bank of Baroda take to approve an education loan?<\/strong> <p class=\"schema-faq-answer\">Bank of Baroda takes over 2 to 3 days to approve an application for an education loan request made online. The bank checks and verifies each document sent and based on that can request the applicant to report to the sanctioning branch for further processing.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1713616598962\"><strong class=\"schema-faq-question\">Who is eligible for Bank of Baroda Education Loan to Study Abroad?<\/strong> <p class=\"schema-faq-answer\">Any citizen of India who has secured admission to a university abroad and is going to pursue a professional course can apply for a student loan at the Bank of Baroda. Both graduating and post-graduation level students can apply to avail this facility.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1713616600074\"><strong class=\"schema-faq-question\">What will the Bank of Baroda Education Loan cover?<\/strong> <p class=\"schema-faq-answer\">The loan will cover college fees along with hostel charges and mess services. It will also include book fees, equipment charges, a personal computer (if necessary for the course), travel fees and other charges as well.<\/p> <\/div> <\/div>\n\n\n\n<p>This was all about the Bank of Baroda Education Loan to Study Abroad and how it can help fund your educational aspirations.<\/p>\n\n\n\n<p>To know more about <a href=\"https:\/\/fly.finance\/blog\/education-loan\/\"><strong>education loans<\/strong><\/a>, the best <a href=\"https:\/\/fly.finance\/blog\/student-account\/\"><strong>bank accounts for students<\/strong><\/a>, forex and banking experience for global students or <a href=\"https:\/\/fly.finance\/blog\/money-transfer\/\"><strong>international money transfers<\/strong><\/a>, reach out to our experts at 1800572126 to help ease your study abroad experience.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-pale-ocean-gradient-background has-background\"><tbody><tr><td colspan=\"2\"><strong>Related Blogs<\/strong><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/student-account\/sbi-zero-balance-account\/\"><strong>SBI Zero Balance Account: Features, Interest, Documents, Eligibility<\/strong><\/a><\/td><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/yono-sbi-education-loan\/\"><strong>YONO SBI Education Loan: Process, Benefits, Eligibility<\/strong><\/a><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/hdfc-bank-education-loan\/\"><strong>HDFC Bank Education Loan to Study Abroad: Eligibility, Interest, How to Apply<\/strong><\/a><\/td><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/yes-bank-education-loan-without-collateral\/\"><strong>Yes Bank Education Loan without Collateral: Features, Eligibility, Interest Rates<\/strong><\/a><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/union-bank-education-loan-processing-time\/\"><strong>Union Bank Education Loan Processing Time: Stages and Documents Required<\/strong><\/a><\/td><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/yes-bank-education-loan-top-up\/\"><strong>Yes Bank Education Loan Top-up: Major Features, Application Process, Eligibility<\/strong><\/a><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/baroda-yoddha-education-loan\/\"><strong>Baroda Yoddha Education Loan for Wards of Defence Personnel<\/strong><\/a><\/td><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/yes-bank-education-loan-to-study-abroad\/\"><strong>YES Bank Education Loan to Study Abroad: Check Out the Details Here!<\/strong><\/a><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/karnataka-bank-education-loan\/\"><strong>A Comprehensive Guide to Karnataka Bank Education Loan to Study Abroad<\/strong><\/a><\/td><td><a href=\"https:\/\/fly.finance\/blog\/student-account\/reserve-bank-of-australia\/\"><strong>Why Should International Students Open an Account in the Reserve Bank of Australia?<\/strong><\/a><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><strong>Follow Us on Social Media <\/strong><\/p>\n\n\n\n<ul class=\"wp-block-social-links is-layout-flex wp-block-social-links-is-layout-flex\"><li class=\"wp-social-link wp-social-link-instagram  wp-block-social-link\"><a href=\"https:\/\/instagram.com\/flydotfinance\" class=\"wp-block-social-link-anchor\"><svg width=\"24\" height=\"24\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M12,4.622c2.403,0,2.688,0.009,3.637,0.052c0.877,0.04,1.354,0.187,1.671,0.31c0.42,0.163,0.72,0.358,1.035,0.673 c0.315,0.315,0.51,0.615,0.673,1.035c0.123,0.317,0.27,0.794,0.31,1.671c0.043,0.949,0.052,1.234,0.052,3.637 s-0.009,2.688-0.052,3.637c-0.04,0.877-0.187,1.354-0.31,1.671c-0.163,0.42-0.358,0.72-0.673,1.035 c-0.315,0.315-0.615,0.51-1.035,0.673c-0.317,0.123-0.794,0.27-1.671,0.31c-0.949,0.043-1.233,0.052-3.637,0.052 s-2.688-0.009-3.637-0.052c-0.877-0.04-1.354-0.187-1.671-0.31c-0.42-0.163-0.72-0.358-1.035-0.673 c-0.315-0.315-0.51-0.615-0.673-1.035c-0.123-0.317-0.27-0.794-0.31-1.671C4.631,14.688,4.622,14.403,4.622,12 s0.009-2.688,0.052-3.637c0.04-0.877,0.187-1.354,0.31-1.671c0.163-0.42,0.358-0.72,0.673-1.035 c0.315-0.315,0.615-0.51,1.035-0.673c0.317-0.123,0.794-0.27,1.671-0.31C9.312,4.631,9.597,4.622,12,4.622 M12,3 C9.556,3,9.249,3.01,8.289,3.054C7.331,3.098,6.677,3.25,6.105,3.472C5.513,3.702,5.011,4.01,4.511,4.511 c-0.5,0.5-0.808,1.002-1.038,1.594C3.25,6.677,3.098,7.331,3.054,8.289C3.01,9.249,3,9.556,3,12c0,2.444,0.01,2.751,0.054,3.711 c0.044,0.958,0.196,1.612,0.418,2.185c0.23,0.592,0.538,1.094,1.038,1.594c0.5,0.5,1.002,0.808,1.594,1.038 c0.572,0.222,1.227,0.375,2.185,0.418C9.249,20.99,9.556,21,12,21s2.751-0.01,3.711-0.054c0.958-0.044,1.612-0.196,2.185-0.418 c0.592-0.23,1.094-0.538,1.594-1.038c0.5-0.5,0.808-1.002,1.038-1.594c0.222-0.572,0.375-1.227,0.418-2.185 C20.99,14.751,21,14.444,21,12s-0.01-2.751-0.054-3.711c-0.044-0.958-0.196-1.612-0.418-2.185c-0.23-0.592-0.538-1.094-1.038-1.594 c-0.5-0.5-1.002-0.808-1.594-1.038c-0.572-0.222-1.227-0.375-2.185-0.418C14.751,3.01,14.444,3,12,3L12,3z M12,7.378 c-2.552,0-4.622,2.069-4.622,4.622S9.448,16.622,12,16.622s4.622-2.069,4.622-4.622S14.552,7.378,12,7.378z M12,15 c-1.657,0-3-1.343-3-3s1.343-3,3-3s3,1.343,3,3S13.657,15,12,15z M16.804,6.116c-0.596,0-1.08,0.484-1.08,1.08 s0.484,1.08,1.08,1.08c0.596,0,1.08-0.484,1.08-1.08S17.401,6.116,16.804,6.116z\"><\/path><\/svg><span class=\"wp-block-social-link-label screen-reader-text\">Instagram<\/span><\/a><\/li>\n\n<li class=\"wp-social-link wp-social-link-linkedin  wp-block-social-link\"><a href=\"https:\/\/www.linkedin.com\/company\/flyfinance\/\" class=\"wp-block-social-link-anchor\"><svg width=\"24\" height=\"24\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M19.7,3H4.3C3.582,3,3,3.582,3,4.3v15.4C3,20.418,3.582,21,4.3,21h15.4c0.718,0,1.3-0.582,1.3-1.3V4.3 C21,3.582,20.418,3,19.7,3z M8.339,18.338H5.667v-8.59h2.672V18.338z M7.004,8.574c-0.857,0-1.549-0.694-1.549-1.548 c0-0.855,0.691-1.548,1.549-1.548c0.854,0,1.547,0.694,1.547,1.548C8.551,7.881,7.858,8.574,7.004,8.574z M18.339,18.338h-2.669 v-4.177c0-0.996-0.017-2.278-1.387-2.278c-1.389,0-1.601,1.086-1.601,2.206v4.249h-2.667v-8.59h2.559v1.174h0.037 c0.356-0.675,1.227-1.387,2.526-1.387c2.703,0,3.203,1.779,3.203,4.092V18.338z\"><\/path><\/svg><span class=\"wp-block-social-link-label screen-reader-text\">LinkedIn<\/span><\/a><\/li>\n\n<li class=\"wp-social-link wp-social-link-twitter  wp-block-social-link\"><a href=\"https:\/\/twitter.com\/flydotfinance\" class=\"wp-block-social-link-anchor\"><svg width=\"24\" height=\"24\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M22.23,5.924c-0.736,0.326-1.527,0.547-2.357,0.646c0.847-0.508,1.498-1.312,1.804-2.27 c-0.793,0.47-1.671,0.812-2.606,0.996C18.324,4.498,17.257,4,16.077,4c-2.266,0-4.103,1.837-4.103,4.103 c0,0.322,0.036,0.635,0.106,0.935C8.67,8.867,5.647,7.234,3.623,4.751C3.27,5.357,3.067,6.062,3.067,6.814 c0,1.424,0.724,2.679,1.825,3.415c-0.673-0.021-1.305-0.206-1.859-0.513c0,0.017,0,0.034,0,0.052c0,1.988,1.414,3.647,3.292,4.023 c-0.344,0.094-0.707,0.144-1.081,0.144c-0.264,0-0.521-0.026-0.772-0.074c0.522,1.63,2.038,2.816,3.833,2.85 c-1.404,1.1-3.174,1.756-5.096,1.756c-0.331,0-0.658-0.019-0.979-0.057c1.816,1.164,3.973,1.843,6.29,1.843 c7.547,0,11.675-6.252,11.675-11.675c0-0.178-0.004-0.355-0.012-0.531C20.985,7.47,21.68,6.747,22.23,5.924z\"><\/path><\/svg><span class=\"wp-block-social-link-label screen-reader-text\">Twitter<\/span><\/a><\/li>\n\n<li class=\"wp-social-link wp-social-link-facebook  wp-block-social-link\"><a href=\"https:\/\/www.facebook.com\/Flydotfinance\" class=\"wp-block-social-link-anchor\"><svg width=\"24\" height=\"24\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M12 2C6.5 2 2 6.5 2 12c0 5 3.7 9.1 8.4 9.9v-7H7.9V12h2.5V9.8c0-2.5 1.5-3.9 3.8-3.9 1.1 0 2.2.2 2.2.2v2.5h-1.3c-1.2 0-1.6.8-1.6 1.6V12h2.8l-.4 2.9h-2.3v7C18.3 21.1 22 17 22 12c0-5.5-4.5-10-10-10z\"><\/path><\/svg><span class=\"wp-block-social-link-label screen-reader-text\">Facebook<\/span><\/a><\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>If you are planning to study abroad at a well-reputed university then Bank of Baroda might have the right deals for you. Bank of Baroda Education Loans to Study Abroad are provided to students who are admitted into premiere institutes for courses like MBA, MCA and MS which are job-oriented. You will also get Bank &#8230; <a title=\"Bank of Baroda Education Loan to Study Abroad: Features, Benefits, Interest\" class=\"read-more\" href=\"https:\/\/fly.finance\/blog\/education-loan\/bank-of-baroda-education-loan\/\" aria-label=\"Read more about Bank of Baroda Education Loan to Study Abroad: Features, Benefits, Interest\">Read more<\/a><\/p>\n","protected":false},"author":2,"featured_media":11761,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21],"tags":[],"class_list":["post-11757","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-education-loan"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.5 (Yoast SEO v27.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Bank of Baroda Education Loan to Study Abroad: Features, Benefits, Interest<\/title>\n<meta name=\"description\" content=\"Check here all the major features of Bank of Baroda Education Loan to study abroad. Know the interest rate, processing fee and more.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fly.finance\/blog\/education-loan\/bank-of-baroda-education-loan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bank of Baroda Education Loan to Study Abroad: Features, Benefits, Interest\" \/>\n<meta property=\"og:description\" content=\"Check here all the major features of Bank of Baroda Education Loan to study abroad. Know the interest rate, processing fee and more.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fly.finance\/blog\/education-loan\/bank-of-baroda-education-loan\/\" \/>\n<meta property=\"og:site_name\" content=\"Fly Finance\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-20T12:49:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-20T12:49:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/flyblog.s3.ap-south-1.amazonaws.com\/wp-content\/uploads\/2024\/04\/20181926\/BOB-Education-Loan.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"640\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"Team Fly Finance\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Team Fly Finance\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"7 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Bank of Baroda Education Loan to Study Abroad: Features, Benefits, Interest","description":"Check here all the major features of Bank of Baroda Education Loan to study abroad. Know the interest rate, processing fee and more.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/fly.finance\/blog\/education-loan\/bank-of-baroda-education-loan\/","og_locale":"en_US","og_type":"article","og_title":"Bank of Baroda Education Loan to Study Abroad: Features, Benefits, Interest","og_description":"Check here all the major features of Bank of Baroda Education Loan to study abroad. Know the interest rate, processing fee and more.","og_url":"https:\/\/fly.finance\/blog\/education-loan\/bank-of-baroda-education-loan\/","og_site_name":"Fly Finance","article_published_time":"2024-04-20T12:49:55+00:00","article_modified_time":"2024-04-20T12:49:57+00:00","og_image":[{"width":1024,"height":640,"url":"https:\/\/flyblog.s3.ap-south-1.amazonaws.com\/wp-content\/uploads\/2024\/04\/20181926\/BOB-Education-Loan.webp","type":"image\/webp"}],"author":"Team Fly Finance","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Team Fly Finance","Est. reading time":"7 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/fly.finance\/blog\/education-loan\/bank-of-baroda-education-loan\/#article","isPartOf":{"@id":"https:\/\/fly.finance\/blog\/education-loan\/bank-of-baroda-education-loan\/"},"author":{"name":"Team Fly Finance","@id":"https:\/\/fly.finance\/blog\/#\/schema\/person\/536e0b2ed4d3c8eb2eaf7f9156f32e65"},"headline":"Bank of Baroda Education Loan to Study Abroad: Features, Benefits, Interest","datePublished":"2024-04-20T12:49:55+00:00","dateModified":"2024-04-20T12:49:57+00:00","mainEntityOfPage":{"@id":"https:\/\/fly.finance\/blog\/education-loan\/bank-of-baroda-education-loan\/"},"wordCount":1524,"commentCount":0,"publisher":{"@id":"https:\/\/fly.finance\/blog\/#organization"},"image":{"@id":"https:\/\/fly.finance\/blog\/education-loan\/bank-of-baroda-education-loan\/#primaryimage"},"thumbnailUrl":"https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2024\/04\/20181926\/BOB-Education-Loan.webp","articleSection":["Education Loan"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/fly.finance\/blog\/education-loan\/bank-of-baroda-education-loan\/#respond"]}],"accessibilityFeature":["tableOfContents"]},{"@type":["WebPage","FAQPage"],"@id":"https:\/\/fly.finance\/blog\/education-loan\/bank-of-baroda-education-loan\/","url":"https:\/\/fly.finance\/blog\/education-loan\/bank-of-baroda-education-loan\/","name":"Bank of Baroda Education Loan to Study Abroad: Features, Benefits, Interest","isPartOf":{"@id":"https:\/\/fly.finance\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/fly.finance\/blog\/education-loan\/bank-of-baroda-education-loan\/#primaryimage"},"image":{"@id":"https:\/\/fly.finance\/blog\/education-loan\/bank-of-baroda-education-loan\/#primaryimage"},"thumbnailUrl":"https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2024\/04\/20181926\/BOB-Education-Loan.webp","datePublished":"2024-04-20T12:49:55+00:00","dateModified":"2024-04-20T12:49:57+00:00","description":"Check here all the major features of Bank of Baroda Education Loan to study abroad. Know the interest rate, processing fee and more.","breadcrumb":{"@id":"https:\/\/fly.finance\/blog\/education-loan\/bank-of-baroda-education-loan\/#breadcrumb"},"mainEntity":[{"@id":"https:\/\/fly.finance\/blog\/education-loan\/bank-of-baroda-education-loan\/#faq-question-1713616595383"},{"@id":"https:\/\/fly.finance\/blog\/education-loan\/bank-of-baroda-education-loan\/#faq-question-1713616596530"},{"@id":"https:\/\/fly.finance\/blog\/education-loan\/bank-of-baroda-education-loan\/#faq-question-1713616597666"},{"@id":"https:\/\/fly.finance\/blog\/education-loan\/bank-of-baroda-education-loan\/#faq-question-1713616598962"},{"@id":"https:\/\/fly.finance\/blog\/education-loan\/bank-of-baroda-education-loan\/#faq-question-1713616600074"}],"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/fly.finance\/blog\/education-loan\/bank-of-baroda-education-loan\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/fly.finance\/blog\/education-loan\/bank-of-baroda-education-loan\/#primaryimage","url":"https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2024\/04\/20181926\/BOB-Education-Loan.webp","contentUrl":"https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2024\/04\/20181926\/BOB-Education-Loan.webp","width":1024,"height":640,"caption":"BOB Education Loan"},{"@type":"BreadcrumbList","@id":"https:\/\/fly.finance\/blog\/education-loan\/bank-of-baroda-education-loan\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/fly.finance\/blog\/"},{"@type":"ListItem","position":2,"name":"Education Loan","item":"https:\/\/fly.finance\/blog\/category\/education-loan\/"},{"@type":"ListItem","position":3,"name":"Bank of Baroda Education Loan to Study Abroad: Features, Benefits, Interest"}]},{"@type":"WebSite","@id":"https:\/\/fly.finance\/blog\/#website","url":"https:\/\/fly.finance\/blog\/","name":"Fly Finance","description":"Explore blogs related to Education Loan, Student Bank Account, International Money Transfer, Scholarships along with latest news at Fly Finance.","publisher":{"@id":"https:\/\/fly.finance\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/fly.finance\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/fly.finance\/blog\/#organization","name":"Fly Finance","url":"https:\/\/fly.finance\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/fly.finance\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2024\/01\/29151141\/Fly-Finance-Logo-1.webp","contentUrl":"https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2024\/01\/29151141\/Fly-Finance-Logo-1.webp","width":1080,"height":1080,"caption":"Fly Finance"},"image":{"@id":"https:\/\/fly.finance\/blog\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/fly.finance\/blog\/#\/schema\/person\/536e0b2ed4d3c8eb2eaf7f9156f32e65","name":"Team Fly Finance","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/4dee45c14b835135bd058d903c251154597f0720b0b3723ddd58804b57b9ea5b?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/4dee45c14b835135bd058d903c251154597f0720b0b3723ddd58804b57b9ea5b?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/4dee45c14b835135bd058d903c251154597f0720b0b3723ddd58804b57b9ea5b?s=96&d=mm&r=g","caption":"Team Fly Finance"},"sameAs":["https:\/\/fly.finance\/blog"],"url":"https:\/\/fly.finance\/blog\/author\/leverageedu\/"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/bank-of-baroda-education-loan\/#faq-question-1713616595383","position":1,"url":"https:\/\/fly.finance\/blog\/education-loan\/bank-of-baroda-education-loan\/#faq-question-1713616595383","name":"Does the Bank of Baroda provide education loans for abroad studies?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Yes, the Bank of Baroda provides 100% education loans to Indian students who have been accepted for higher education courses in foreign universities. The loan is extended to students who are pursuing courses that aid job creation like MBA, MCA and MS. This education loan requires no processing charges up to INR 7.5 lakh and has no margin on loans up to INR 4 lakh.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/bank-of-baroda-education-loan\/#faq-question-1713616596530","position":2,"url":"https:\/\/fly.finance\/blog\/education-loan\/bank-of-baroda-education-loan\/#faq-question-1713616596530","name":"How much education loan can I get from the Bank of Baroda to Study Abroad?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"To study abroad an Indian resident can get a maximum education loan of 150 lakhs which is payable in 10-15 years after completion of the moratorium period. The moratorium period is the course period plus one more extra year.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/bank-of-baroda-education-loan\/#faq-question-1713616597666","position":3,"url":"https:\/\/fly.finance\/blog\/education-loan\/bank-of-baroda-education-loan\/#faq-question-1713616597666","name":"How long does the Bank of Baroda take to approve an education loan?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Bank of Baroda takes over 2 to 3 days to approve an application for an education loan request made online. The bank checks and verifies each document sent and based on that can request the applicant to report to the sanctioning branch for further processing.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/bank-of-baroda-education-loan\/#faq-question-1713616598962","position":4,"url":"https:\/\/fly.finance\/blog\/education-loan\/bank-of-baroda-education-loan\/#faq-question-1713616598962","name":"Who is eligible for Bank of Baroda Education Loan to Study Abroad?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Any citizen of India who has secured admission to a university abroad and is going to pursue a professional course can apply for a student loan at the Bank of Baroda. Both graduating and post-graduation level students can apply to avail this facility.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/bank-of-baroda-education-loan\/#faq-question-1713616600074","position":5,"url":"https:\/\/fly.finance\/blog\/education-loan\/bank-of-baroda-education-loan\/#faq-question-1713616600074","name":"What will the Bank of Baroda Education Loan cover?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"The loan will cover college fees along with hostel charges and mess services. It will also include book fees, equipment charges, a personal computer (if necessary for the course), travel fees and other charges as well.","inLanguage":"en-US"},"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/posts\/11757","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/comments?post=11757"}],"version-history":[{"count":3,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/posts\/11757\/revisions"}],"predecessor-version":[{"id":11760,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/posts\/11757\/revisions\/11760"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/media\/11761"}],"wp:attachment":[{"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/media?parent=11757"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/categories?post=11757"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/tags?post=11757"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}