Bank of Baroda Education Loan Interest Rate 2026
Last updated:
Quick Answer
Bank of Baroda education loan rates range from 8.4–11% p.a.. Loans up to ₹7.5 lakh do not require collateral. Interest is eligible for Section 80E deduction.
Bank of Baroda Education Loan Rate — Rates at a Glance
| India studies (up to ₹7.5 lakh) | 8.4% p.a.(No collateral required) |
| India studies (above ₹7.5 lakh) | 8.90% p.a.(Collateral required) |
| Abroad studies (up to ₹7.5 lakh) | 8.90% p.a. |
| Abroad studies (above ₹7.5 lakh) | 11% p.a.(Collateral required) |
| Moratorium period | Course duration + 6–12 months |
| Maximum tenure | 15 years |
Rates are indicative as of 2026-04-07. Verify with Bank of Baroda official website before investing.
Key Things to Know
- 1Loan up to ₹7.5 lakh without collateral; higher amounts need security
- 2Moratorium period: course duration + 6 months (repayment starts after)
- 3Section 80E: 100% tax deduction on interest for 8 years
- 4Competitive rates starting at 8.4% p.a.
- 5Coverage includes tuition, hostel, books, equipment, and study tours
- 6Government subsidy schemes (CSIS) available for economically weaker sections
Calculate Your Returns
Monthly EMI
₹8,678
Total Interest
₹10,82,776
Total Payment
₹20,82,776
Amortization Schedule (Yearly)
| Year | Principal | Interest | Balance |
|---|---|---|---|
| 1 | ₹19,902 | ₹84,236 | ₹9,80,098 |
| 2 | ₹21,661 | ₹82,477 | ₹9,58,436 |
| 3 | ₹23,576 | ₹80,563 | ₹9,34,860 |
| 4 | ₹25,660 | ₹78,479 | ₹9,09,200 |
| 5 | ₹27,928 | ₹76,211 | ₹8,81,272 |
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Frequently Asked Questions
What is Bank of Baroda education loan interest rate?
Bank of Baroda education loan rates start at 8.4% p.a. for domestic studies and go up to 11% p.a. for abroad studies with collateral.
Is Bank of Baroda education loan covered under 80E?
Yes, interest paid on education loans from Bank of Baroda qualifies for Section 80E deduction for up to 8 years from the year repayment begins. The deduction has no upper limit.
Can I get Bank of Baroda education loan without collateral?
Yes, Bank of Baroda offers education loans up to ₹7.5 lakh without collateral. Amounts above ₹7.5 lakh require tangible security like property.
When does repayment start for Bank of Baroda education loan?
Repayment begins 6–12 months after course completion or immediately after getting a job, whichever is earlier. During the moratorium, only simple interest accrues.