Key facts
What the official sources publish
Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.
MoratoriumCourse period plus one yearView source
Course period plus one year
- Source
- Moratorium
- Page / section
- Benefits and Features
- Accessed
- 21 Aug 2026
- Confidence
- high
Processing chargeNil unified processing chargesView source
Nil unified processing charges
- Source
- Processing charge
- Page / section
- Benefits and Features
- Accessed
- 21 Aug 2026
- Confidence
- high
RepaymentMoratorium plus up to 120 instalments for loans up to ₹7.50 lakh; moratorium plus up to 180 instalments above ₹7.50 lakhView source
Moratorium plus up to 120 instalments for loans up to ₹7.50 lakh; moratorium plus up to 180 instalments above ₹7.50 lakh
- Source
- Repayment
- Page / section
- Features
- Accessed
- 21 Aug 2026
- Confidence
- high
Student ageNot more than 40 years when availing the loanView source
Not more than 40 years when availing the loan
- Source
- Student age
- Page / section
- Age Criteria
- Accessed
- 21 Aug 2026
- Confidence
- high
Loan typeDigital education loan for Indian students admitted to a full-time course at a listed premier institution in India; eligible expenses include tuition, hostel, examination/laboratory/library fees, books/equipment, deposits, insurance and required study/project work.View source
The official page identifies the student/course scope and enumerates the education expenses that can be financed.
- Source
- Baroda Digital Education Loan — official product page
- Page / section
- Purpose; Features — Wider coverage of expenses
- Accessed
- 28 Aug 2026
- Confidence
- high
Co-applicant ageMinimum 21 years; maximum 58 years salaried or 65 years non-salariedView source
Minimum 21 years; maximum 58 years salaried or 65 years non-salaried
- Source
- Co-applicant age
- Page / section
- Age Criteria
- Accessed
- 21 Aug 2026
- Confidence
- high
CollateralNo collateral for listed premier institutions; co-applicant requirement may be waived for select institutionsView source
No collateral for listed premier institutions; co-applicant requirement may be waived for select institutions
- Source
- Collateral
- Page / section
- Benefits, Features and institute lists
- Accessed
- 21 Aug 2026
- Confidence
- high
Eligible expensesInstitution/hostel fees, examination/library/laboratory charges, books/equipment/instruments/uniforms, caution/building/refundable deposits supported by receipts, student insurance premium, study tours, project work and thesis; external coaching/tuition excludedView source
Institution/hostel fees, examination/library/laboratory charges, books/equipment/instruments/uniforms, caution/building/refundable deposits supported by receipts, student insurance premium, study tours, project work and thesis; external coaching/tuition excluded
- Source
- Eligible expenses
- Page / section
- Features
- Accessed
- 21 Aug 2026
- Confidence
- high
Required documentsStudent PAN, Aadhaar, admission letter with fee details, last passed mark sheet and proof of payment where applicable; co-applicant PAN/
Student , Aadhaar, admission letter with fee details, last passed mark sheet and proof of payment where applicable; co-applicant /Aadhaar, six-month digital bank statement and two years’ -3/ 4 for non-salaried applicants
- Source
- Required documents
- Page / section
- Documents Required
- Accessed
- 21 Aug 2026
- Confidence
- high
Penal charges1% p.a. on default amount for loans up to ₹2 lakh; 2% p.a. above ₹2 lakh; separate charges may apply for document/
1% p.a. on default amount for loans up to ₹2 lakh; 2% p.a. above ₹2 lakh; separate charges may apply for document/security non-compliance
- Source
- Penal charges
- Page / section
- Penal Charges
- Accessed
- 21 Aug 2026
- Confidence
- high
Minimum loan amount₹1,00,000View source
₹1,00,000
- Source
- Minimum loan amount
- Page / section
- — Minimum Limit
- Accessed
- 21 Aug 2026
- Confidence
- high
Maximum loan without securityList AA ₹40 lakh; List A ₹30 lakh; List B ₹15 lakh; List C ₹10 lakh; subject to need-based finance and future repayment capacityView source
List ₹40 lakh; List A ₹30 lakh; List B ₹15 lakh; List C ₹10 lakh; subject to need-based finance and future repayment capacity
- Source
- Maximum loan without security
- Page / section
- — Maximum Limit
- Accessed
- 21 Aug 2026
- Confidence
- high
MarginNil below ₹4 lakh; 5% from ₹4 lakh to ₹7.5 lakh; nil above ₹7.5 lakh where the stated course-fee condition appliesView source
Nil below ₹4 lakh; 5% from ₹4 lakh to ₹7.5 lakh; nil above ₹7.5 lakh where the stated course-fee condition applies
- Source
- Margin
- Page / section
- — Margin
- Accessed
- 21 Aug 2026
- Confidence
- high
Bureau-score requirementMinimum bureau score cut-off 701; score −1 is also eligibleView source
Minimum bureau score cut-off 701; score −1 is also eligible
- Source
- Bureau-score requirement
- Page / section
- — Bureau Score validation
- Accessed
- 21 Aug 2026
- Confidence
- high
Co-applicant ruleCo-applicant waived for pre-approved institutesView source
Co-applicant waived for pre-approved institutes
- Source
- Co-applicant rule
- Page / section
- — Co-applicant
- Accessed
- 21 Aug 2026
- Confidence
- high
Mandatory insuranceFull-term group credit-life or term insurance with one-time premium from an IRDA-approved insurer is mandatory for applicant borrowersView source
Full-term group credit-life or term insurance with one-time premium from an -approved insurer is mandatory for applicant borrowers
- Source
- Mandatory insurance
- Page / section
- Other Terms & Conditions
- Accessed
- 21 Aug 2026
- Confidence
- high
Moratorium interestSimple interest at monthly rests; servicing during the moratorium is optional, and accrued interest is added to principal for EMI calculationView source
Simple interest at monthly rests; servicing during the moratorium is optional, and accrued interest is added to principal for calculation
- Source
- Moratorium interest
- Page / section
- Other Terms & Conditions
- Accessed
- 21 Aug 2026
- Confidence
- high
Digital executionSystem-generated pre-filled application, sanction letter with terms, composite loan agreement and uploaded admission letter with fee detailsView source
System-generated pre-filled application, sanction letter with terms, composite loan agreement and uploaded admission letter with fee details
- Source
- Digital execution
- Page / section
- — Documents to be executed digitally
- Accessed
- 21 Aug 2026
- Confidence
- high
TenureMoratorium is course period plus one year. Repayment after moratorium: up to 120 instalments for loans up to ₹7.50 lakh and up to 180 instalments for loans above ₹7.50 lakh (up to 10 or 15 years respectively).View source
The page states course-plus-one-year repayment holiday and the 120/180-instalment caps by loan size.
- Source
- Baroda Digital Education Loan — official product page
- Page / section
- Features; — Repayment Period
- Accessed
- 28 Aug 2026
- Confidence
- high
Maximum amountMinimum ₹1,00,000. Maximum unsecured limits by institution list: AA ₹40,00,000; A ₹30,00,000; B ₹15,00,000; C ₹10,00,000. Finance is need-based and subject to repayment capacity and projected future earnings.View source
The publishes the ₹1 lakh minimum and category-specific maximums without security.
- Source
- Baroda Digital Education Loan — official product page
- Page / section
- — Minimum Limit / Maximum Limit
- Accessed
- 28 Aug 2026
- Confidence
- high
Geographic limitsIndian students admitted to a full-time course at a listed premier institution in India. Student age must not exceed 40 years at availing; co-applicant must be at least 21 and, at repayment end, no older than 58 if salaried or 65 if non-salaried. Co-applicant is waived for pre-approved institutions. Minimum bureau-score cut-off is 701 or −1.View source
The manually reviewed product record states: “Indian students admitted to a full-time course at a listed premier institution in India. Student age must not exceed 40 years at availing; co-applicant must be at least 21 and, at repayment end, no older than 58 if salaried or 65 if non-salaried. Co-applicant is waived for pre-approved institutions. Minimum bureau-score cut-off is 701 or −1.”.
- Source
- Baroda Digital Education Loan — official product page
- Page / section
- Published product metadata
- Accessed
- 21 Aug 2026
- Confidence
- high
Interest rateBRLLR 7.90% plus spread: 6.85% for Top 5 IIMs, 6.90% for AA, 7.20% for A, 8.50% for B and 8.70% for C (calculated). BOB's page conflicts: 7.60% headline and 0.00% in each effective-rate cell; confirm the applicable rate with the Bank.Effective 6 Dec 2025View source
The current product page publishes five spreads but renders every effective-rate cell as 0.00%; the same page displays 7.60% in its headline and 6.85% in its widget. The current retail-rate page states 7.90% effective 6 December 2025. The category values shown before the warning are arithmetic from that benchmark and the published spreads, not the page's stated effective rates.
- Source
- Baroda Digital Education Loan floating-rate table and current reference
- Page / section
- Product page Interest rates & charges lines 281–350; headline/ lines 156–180; retail-rate page lines 193–199
- Accessed
- 27 Sept 2026
- Confidence
- high
BenchmarkBRLLR 7.90% p.a., effective 6 December 2025; BOB's retail-rate page states repo 5.25% plus 2.65% spread.Effective 6 Dec 2025View source
The current retail-rate page gives 7.90%, with repo 5.25% plus markup/base spread 2.65%, effective 6 December 2025.
- Source
- Retail Loans Interest Rates — Bank of Baroda
- Page / section
- section, lines 193–199
- Accessed
- 27 Sept 2026
- Confidence
- high
Processing feeNil unified processing charges.View source
The Digital Education Loan page states “Processing Charges-NIL” and “Unified processing charges: NIL.”
- Source
- Baroda Digital Education Loan — official product page
- Page / section
- Benefits and Features lines 213–235
- Accessed
- 27 Sept 2026
- Confidence
- high
Prepayment / foreclosureNo prepayment or pre-closure charge.View source
The product benefits say no prepayment charges; its states pre-closure charges NIL. This floating-rate product-specific term replaces a fixed-rate education-loan takeover rule that does not apply here.
- Source
- Baroda Digital Education Loan — official product page
- Page / section
- Benefits line 217; pre-closure line 378
- Accessed
- 27 Sept 2026
- Confidence
- high
EligibilityIndian students admitted to a full-time course at a listed premier institute in India. Student age: up to 40 when availing the loan. Co-applicant, where required: age 21–58 if salaried or 21–65 if non-salaried; waived for listed pre-approved institutes. Bureau-score cut-off: 701 or −1.View source
The page gives the Indian-student/full-time/ premier-institute scope and age limits; states bureau-score cut-off 701/ −1 and waiver for pre-approved institutes.
- Source
- Baroda Digital Education Loan — eligibility and institute waiver list
- Page / section
- Eligibility and Age Criteria lines 236–247; co-applicant waiver link lines 279–280; lines 375–377
- Accessed
- 27 Sept 2026
- Confidence
- high
Premier-institute categoriesBOB's linked 2024 premier-institute list has 384 entries: AA 50, A 160, B 98 and C 76. The category controls the unsecured limit and floating-rate spread.View source
Both linked by the current product page were visually reviewed and compared through all 13 pages; the numbered category ranges total 384 entries. The full institution table is not yet transcribed into the site.
- Source
- Baroda Digital Education Loan — linked premier-institute lists
- Page / section
- Product page list links lines 248–280; March and July pages 1–13, rows 1–384
- Accessed
- 27 Sept 2026
- Confidence
- high
Rate-conversion chargeIf BOB permits a rate switch on the account: 0.10% of the outstanding balance plus undisbursed amount; minimum ₹5,000 + GST and maximum ₹1,00,000 + GST per account per conversion.View source
The education-loan service-charge page gives this fee for a borrower-requested rate switch. It is not the ordinary reset; product/sanction terms determine whether a separate switch is available.
- Source
- Service Charges — Bank of Baroda
- Page / section
- Conversion Charges — Education Loan, lines 950–967
- Accessed
- 27 Sept 2026
- Confidence
- high
Benefits and features
- No collateral for eligible premier institutes and no co-applicant for select pre-approved institutes.
- No processing charge and no prepayment charge are published.
- Moratorium is the course period plus one year; repayment may extend to 120 instalments up to ₹7.50 lakh or 180 instalments above ₹7.50 lakh.
- Finance can cover tuition, examination/library/laboratory fees, hostel, books/equipment, approved deposits, student insurance and other course-completion expenses; external coaching/tuition is excluded.
- Published no-security caps are ₹40 lakh for List , ₹30 lakh for List A, ₹15 lakh for List B and ₹10 lakh for List C institutions.
Eligibility
- Indian students admitted to a full-time course at a listed premier institution in India; student age must not exceed 40 when the loan is availed.
- A co-applicant, where required, must be at least 21; the page publishes maximum ages of 58 for salaried and 65 for non-salaried co-applicants. The co-applicant is waived for listed pre-approved institutes. Bureau-score cut-off: 701 or −1.
Passing a listed condition does not mean the bank will approve an application.
Documents the bank lists
- Student: and Aadhaar, admission letter with fee details, last passed-examination mark sheet, and proof of any payment to the institute.
- Co-applicant, where applicable: and Aadhaar plus a digitally generated six-month bank statement.
- Non-salaried co-applicant: digitally generated -3 or -4 for the last two years.
- Physical documents are not required for the digital journey; may request additional proof after a credit referral.
Related official documents
Baroda Digital Education Loan — official product pageproduct-page · current · accessed 21 Aug 2026
↗Baroda Digital Education Loan — official product pageofficial-product-page · current · accessed 28 Aug 2026
↗All in Cost for Retail Loans — forms-page reference (17-21 PDF)official-retail-cost-schedule-pdf · legacy-general-reference; not used to override current product-specific terms · accessed 27 Sept 2026
↗Baroda Digital Education Loan — linked online application portalofficial-application-portal · inaccessible · accessed 27 Sept 2026
↗List of Premier Institutions where co-applicant is waived — July-linked PDFofficial-product-institute-list-pdf · current-linked · accessed 27 Sept 2026
↗Baroda Digital Education Loan official spotlight imageofficial-product-image · current official artwork · accessed 29 Sept 2026
↗Baroda Digital Education Loan — current official page reviewofficial-product-page · current-at-review · accessed 29 Sept 2026
↗Baroda Digital Education Loan — current official product page, checked 27 September 2026official-product-page · current · accessed 27 Sept 2026
↗List of Premier Institutions — July-linked 2024 PDFofficial-product-institute-list-pdf · current-linked · accessed 27 Sept 2026
↗List of Premier Institutions — March-linked 2024 PDF (durably archived)official-product-institute-list-pdf · current-linked · accessed 29 Sept 2026
↗Bank of Baroda Download Forms — education-loan links checked 27 September 2026official-download-forms-page · current · accessed 27 Sept 2026
↗Bank of Baroda Service Charges — education-loan charge schedules checked 27 September 2026official-service-charge-page · current · accessed 27 Sept 2026
↗Model Checklist for Retail Loans — generic forms-page reference (17-21 PDF)official-generic-retail-loan-checklist-pdf · scope-reviewed; not applied to digital-journey document requirements · accessed 27 Sept 2026
↗Bank of Baroda loan APR auditofficial-product-pages-and-rate-table · current-at-review · accessed 29 Sept 2026
↗Retail Loans Interest Rates — Bank of Baroda page rechecked 27 September 2026official-retail-interest-rate-page · current · accessed 27 Sept 2026
↗Service Charges — retail loan rate-conversion and auto-loan prepayment scheduleofficial-service-charge-page · Current official service-charge page manually rechecked 2026-09-27; schedule itself identifies effective date 2025-04-01 · accessed 27 Sept 2026
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