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Baroda Vidya

Baroda Vidya Loan: Get an education loan for school education from Bank of Baroda. Up to Rs. 4 lakhs available, with flexible repayment terms. Apply online today!

Interest rateFloating benchmark-linked rate: BRLLR + Strategic Premium + 3.10% for school study in India. The current retail schedule also publishes a fixed-rate row at BRLLR + Strategic Premium + 5.10%. The page states a 0.50% female-student concession, interest serviced as applied during the moratorium and no penal charges. The current retail page lists BRLLR at 7.90% from 6 December 2025; its 0.00% effective-rate cells are not treated as an all-in rate or APR.Maximum financeMaximum ₹4 lakh. Finance is need-based and subject to the parents' repayment capacity; the page does not publish a separate minimum amount.Maximum amountBaroda Vidya Loan: Get an education loan for school education from Bank of Baroda. Up to Rs. 4 lakhs available, with flexible repayment terms. Apply online today!

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✓ Manually checked 29 Sept 2026 · active

Offered byBank of Baroda

India; eligibility, branch and channel availability follow the official product terms

Key facts

What the official sources publish

Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.

Maximum financeMaximum ₹4 lakh. Finance is need-based and subject to the parents' repayment capacity; the page does not publish a separate minimum amount.View source

The states maximum ₹4 lakhs and need-based finance subject to repayment capacity; no minimum amount is shown.

Source: Baroda Vidya — current official page review
Page / section: — Quantum of finance; — maximum loan
Accessed: 15 Sept 2026
Confidence: high

Open official source ↗

Maximum tenureRepayable after 12 months from first disbursement in 12 instalments.View source

The official page says repayment starts after 12 months and is made in 12 instalments.

Source: Baroda Vidya
Page / section: Overview /
Accessed: 21 Aug 2026
Confidence: high

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Processing feeNil processing charge.View source

The Benefits section says no processing charges and the states unified processing charges nil.

Source: Baroda Vidya — current official page review
Page / section: Benefits; — Unified Processing charges
Accessed: 15 Sept 2026
Confidence: high

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Prepayment / closureNo penal charges during the moratorium/repayment arrangement published for Baroda Vidya.View source

The product page states no penal charges; it does not publish a separate foreclosure schedule.

Source: Baroda Vidya
Page / section: Interest rates & charges
Accessed: 21 Aug 2026
Confidence: medium

Open official source ↗

EligibilityApplicant should be an Indian national residing in India. The student must have admission to a recognised school, high school or junior college (including CBSE, ICSE or a State Board) for Nursery–Class V, Class VI–VIII or Class IX–XII; approved evening courses are also listed. The loan is granted in the father or mother's name.View source

The Eligibility section lists Indian residence, recognised-school admission, three school stages, approved evening courses and parent borrower name.

Source: Baroda Vidya — current official page review
Page / section: Eligibility
Accessed: 15 Sept 2026
Confidence: high

Open official source ↗

Repayment tenureEach yearly loan component is repayable over 12 monthly instalments, with its first instalment due 12 months after the component's first disbursement; the page does not publish one single overall maturity beyond this component schedule.View source

The page describes repayment after 12 months in 12 instalments and the detailed yearly-component schedule; no separate overall tenure is stated.

Source: Baroda Vidya — current official page review
Page / section: — Repayment Period;
Accessed: 15 Sept 2026
Confidence: high

Open official source ↗

Loan typeSchool-education loan to a parent or guardian of a student studying from Nursery through Class XII at a recognised school, high school or junior college in India.View source

The page describes a school-education loan for parents of students pursuing Nursery to Class XII and says the loan is granted in the father or mother's name.

Source: Baroda Vidya — current official page review
Page / section: Features; Eligibility
Accessed: 15 Sept 2026
Confidence: high

Open official source ↗

Student ageNo specific age restriction is published for the student; the FAQ confirms that a minor, including a student aged 16, may be covered.View source

The says there is no specific restriction on the student's age and answers yes for a minor and a student aged 16.

Source: Baroda Vidya — current official page review
Page / section: — Can a minor get Education Loan?; minimum age
Accessed: 15 Sept 2026
Confidence: high

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Repayment capacityTotal deductions including the proposed instalment and interest must not exceed 60% of total income. Working spouse income is included where applicable, with suitable proof of income.View source

The states that total deductions including proposed instalment and interest should not exceed 60% of total income and spouse income is considered where applicable.

Source: Baroda Vidya — current official page review
Page / section: — Repayment Capacity
Accessed: 15 Sept 2026
Confidence: high

Open official source ↗

MarginNil margin.View source

Benefits, Features, and all state no or nil margin.

Source: Baroda Vidya — current official page review
Page / section: Benefits; Features; — Margin;
Accessed: 15 Sept 2026
Confidence: high

Open official source ↗

SecurityNo security is required. If the loan finances a computer, that computer is hypothecated to the bank.View source

The Benefits section says no security required; the adds computer hypothecation where a computer is purchased.

Source: Baroda Vidya — current official page review
Page / section: Benefits — No security; — Security
Accessed: 15 Sept 2026
Confidence: high

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Covered expensesSchool/college fees; examination, library and laboratory fees; hostel fees and charges; books, equipment, instruments and uniforms; personal computers/laptops where required; and caution deposit, building fund or refundable deposit supported by institutional bills or receipts. External coaching or tuition is excluded.View source

The enumerates the covered fees, hostel, study materials, computer/laptop and institutional deposits, then excludes external coaching/tuition.

Source: Baroda Vidya — current official page review
Page / section: — Coverage of expenses for
Accessed: 15 Sept 2026
Confidence: high

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RepaymentEach yearly sub-limit is repaid in 12 equal monthly instalments; the first instalment for each year's component falls 12 months after that component's first disbursement. Interest is serviced as applied during the moratorium.View source

The states 12 equal monthly instalments per yearly sub-limit and first instalment due 12 months after first disbursement of that component.

Source: Baroda Vidya — current official page review
Page / section: — Repayment Period
Accessed: 15 Sept 2026
Confidence: high

Open official source ↗

Documentation feeNil documentation charge.View source

Benefits and Features both state no documentation charges.

Source: Baroda Vidya — current official page review
Page / section: Benefits; Features
Accessed: 15 Sept 2026
Confidence: high

Open official source ↗

DisbursementPaid directly to the school, institution or hostel term-wise/year-wise, and directly to book sellers or shops for books, instruments and equipment. A next-year disbursement requires the student to have passed the current year's examination and the parents to submit the progress report or marksheet.View source

The specifies direct payments and requires a passed current-year examination with progress report/marksheet before next-year disbursement.

Source: Baroda Vidya — current official page review
Page / section: — Disbursement
Accessed: 15 Sept 2026
Confidence: high

Open official source ↗

Financing branchA branch near the institute, near the parent's permanent residence or at the parent's place of posting/service may finance the loan.View source

The Financing Branch section lists the institute vicinity, parent's permanent residence and place of posting/service.

Source: Baroda Vidya — current official page review
Page / section: — Financing Branch
Accessed: 15 Sept 2026
Confidence: high

Open official source ↗

Required documentsKYC for applicant and co-applicants; academic records; proof of admission; entrance-exam result where applicable; statement of study cost or schedule of expenses; income proof for a salaried co-applicant/guarantor where applicable; bank-account statement for the last six months; and property documents where applicable.View source

The Documents Required section enumerates , academic/admission, cost, income, six-month bank statement and conditional property documents.

Source: Baroda Vidya — current official page review
Page / section: Documents Required
Accessed: 15 Sept 2026
Confidence: high

Open official source ↗

Other conditionsThe parent must give a stamped declaration or affidavit that no other educational loan is availed for the child and must obtain the bank's NOC before taking another education loan while this loan is outstanding; a no-dues certificate need not be insisted upon.View source

The Other Terms paragraph requires a stamped declaration/affidavit and NOC condition for another education loan.

Source: Baroda Vidya — current official page review
Page / section: — Other Terms
Accessed: 15 Sept 2026
Confidence: high

Open official source ↗

Maximum amountBaroda Vidya Loan: Get an education loan for school education from Bank of Baroda. Up to Rs. 4 lakhs available, with flexible repayment terms. Apply online today!View source

The manually reviewed product summary states: “Baroda Vidya Loan: Get an education loan for school education from Bank of Baroda. Up to Rs. 4 lakhs available, with flexible repayment terms. Apply online today!”.

Source: Baroda Vidya — official product page
Page / section: Published loan terms in product summary
Accessed: 15 Aug 2026
Confidence: high

Open official source ↗

Geographic limitsApplicant should be an Indian national residing in India. The student must have admission to a recognised school, high school or junior college (including CBSE, ICSE or a State Board) for Nursery–Class V, Class VI–VIII or Class IX–XII; approved evening courses are also listed. The loan is granted in the father or mother's name.View source

The manually reviewed product record states: “Applicant should be an Indian national residing in India. The student must have admission to a recognised school, high school or junior college (including CBSE, ICSE or a State Board) for Nursery–Class V, Class VI–VIII or Class IX–XII; approved evening courses are also listed. The loan is granted in the father or mother's name.”.

Source: Baroda Vidya — official product page
Page / section: Published product metadata
Accessed: 15 Aug 2026
Confidence: high

Open official source ↗

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

Open official source ↗

The product page and current retail schedule publish + + 3.10% for the floating school-loan row; the fixed-rate section publishes + + 5.10%. The displayed effective-rate cells are 0.00% placeholders and are not copied as .

Source: Baroda Vidya — current product and retail rate pages
Page / section: Product page Interest rates & charges; retail schedule floating row and fixed row
Accessed: 29 Sept 2026
Confidence: high

Open official source ↗

BenchmarkBaroda Repo Linked Lending Rate (BRLLR), with Strategic Premium (SP) applied in the published formula. The retail rate page states BRLLR 7.90% w.e.f. 6 December 2025; rates reset under the bank's benchmark terms.Effective 6 Dec 2025View source

The page defines the applicable and the Baroda Vidya rows use + formulas.

Source: Retail Loans Interest Rates — Bank of Baroda
Page / section: baseline and Baroda Vidya rate rows
Accessed: 29 Sept 2026
Confidence: high

Open official source ↗

Income requirementView source

The page publishes a 60% total-deduction ceiling and income-proof requirement, but no fixed salary or annual-income floor. The numeric rule remains in the separate Repayment Capacity fact.

Source: Baroda Vidya — income and repayment-capacity review
Page / section: — Repayment Capacity
Accessed: 29 Sept 2026
Confidence: high

Open official source ↗

Benefits and features

No processing charges, no documentation charges, no margin and no security requirement are published.
School-education finance is available for recognised schools/junior colleges from Nursery through Class XII, with a maximum of ₹4 lakh.
Each yearly sub-limit is repayable in 12 equal monthly instalments, with the first due 12 months after that year's disbursement.
The page covers school/college fees, examination/library/laboratory charges, hostel, books/equipment/uniforms, computers and eligible deposits; external coaching/tuition is excluded.
A 0.50% interest concession for female students and no penal charges are stated.

Eligibility

Indian national
parent/guardian borrower for a student admitted to a recognised school or junior college from Nursery through Class XII.

Passing a listed condition does not mean the bank will approve an application.

Documents the bank lists

of applicant and co-applicants.
Academic records, proof of admission and entrance-exam result where applicable.
Statement of study cost or schedule of expenses, income proof for a salaried co-applicant/guarantor where applicable and the last six months' bank statement.
Property documents where applicable.

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Loan repayment estimate

See what the loan could cost each month. Move any slider to try a different amount, rate or repayment time.

Amount you want to borrowThe money you would receive from the lender.₹twenty-five lakh rupees₹50,000₹2,00,00,000Yearly interest rateThe percentage charged on the outstanding loan each year.%2%30%Time to repayA longer time usually lowers the monthly payment but raises total interest. months6 months360 months

One monthly payment₹21,696twenty-one thousand six hundred ninety-six rupees

Interest paid over the full loan₹27,06,939twenty-seven lakh six thousand nine hundred thirty-nine rupees

Everything you repay₹52,06,939fifty-two lakh six thousand nine hundred thirty-nine rupees

This is only an estimate, not a bank or insurer offer. The final amount can change because of taxes, fees, rate changes and provider rules.

Use the published table

Find the exact published value

Choose a table, then pick its row and column. This shows the exact entry published by the bank or insurer without making you scan every cell.

TableProductChoose column

Baroda Vidya · Maximum finance₹4 lakh

This value is copied from School and ESG education loans — published terms. Check the table notes before relying on it.

Source: bob Eco-Saarthi and Baroda Vidya — official pages · Eligibility, Interest rate and charges, Terms & Conditions Open official source ↗

Published tables

Complete rates, limits and schedules

Tables preserve every reviewed row and column from the cited official source.

Table 1 · 2 rows · 4 columnsSchool and ESG education loans — published termsKey limits, rates and eligibility conditions from the respective product pages.View tableHide table

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School and ESG education loans — published terms
Product	Maximum finance	Published rate	Eligibility / repayment condition
Baroda Vidya	₹4 lakh	+ + 3.10%; 0.50% female-student concession	Parent/guardian borrower; deductions including and interest ≤60% of total income
bob Eco-Saarthi	₹25 lakh	6.85% to 8.40% for Vidyalakshmi/premier tiers; +2.00%/ +1.90% for other institutions	Resident Indian admitted to recognised ESG course; course period + 1 year moratorium

The pages do not publish values; rates are issuer-published interest rates/spreads.

bob Eco-Saarthi and Baroda Vidya — official pages · Eligibility, Interest rate and charges, Terms & Conditions · accessed 29 Aug 2026Open official source ↗

Table 2 · 21 rows · 3 columnsBaroda Vidya — current official published termsStructured transcription of the current official page's benefits, eligibility, rate, documents and MITC rows.View tableHide table

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Baroda Vidya — current official published terms
Parameter	Published detail	Comparison note
Purpose	School education for Nursery to Class XII	Parent/guardian borrower
Eligible student stages	Nursery–V; VI–VIII; IX–XII	Recognised school/high school/junior college; CBSE/ICSE/State Board
Applicant	Indian national residing in India	Loan in father or mother's name
Maximum finance	₹4 lakh	Need-based; subject to parents' repayment capacity
Interest formula	+ + 3.10%	Current rate page repeats formula; widget 0.00% is not
Female-student concession	0.50%	Page says concession in rate of interest
Interest during moratorium	Serviced as applied	Published condition
Penal charges	No penal charges	Product-page statement
Margin	Nil	No contribution margin
Security	No security	Computer hypothecated if financed
Repayment capacity	Total deductions including instalment/interest ≤60% of total income	Working spouse income considered; proof required
Repayment	12 equal monthly instalments per yearly sub-limit	First instalment 12 months after that component's first disbursement
Covered expenses	School/college, exam/library/lab, hostel, books/equipment/instruments/uniforms, required computer/laptop, institution-backed deposits	External coaching/tuition excluded
Processing charge	Nil	Unified processing charges
Documentation charge	Nil	Benefits/Features
Disbursement	Direct to school/institution/hostel term-wise/year-wise; direct to book seller/shop	Next-year release requires pass result and progress report/marksheet
Financing branch	Near institute, parent permanent residence or parent posting/service	Published branch options
Documents	, academic records, admission proof, entrance result if applicable, cost statement, conditional income proof, six-month statement, property documents if applicable	Complete page checklist
Other term	Stamped declaration/affidavit of no other education loan; NOC before another loan	No-dues certificate need not be insisted
Student age	No specific restriction; minor/16-year-old accepted per	Student age, not parent age
	Not separately published	No methodology

The product page and current rate page display 0.00% as an effective-rate placeholder; it is not copied as a public rate or .
The page gives a component repayment schedule rather than a single overall maturity.

Baroda Vidya — current official page review · Benefits; Features; Eligibility; Interest rates & charges; Documents Required; ; · accessed 15 Sept 2026Open official source ↗

Table 3 · 11 rows · 2 columnsBOB education-loan service charges — dated and conditional scheduleView tableHide table

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BOB education-loan service charges — dated and conditional schedule
Charge / loan route	Published amount and condition
Rate conversion — when borrower switches interest rate	0.10% of outstanding balance plus undisbursed portion; minimum ₹5,000 + and maximum ₹1,00,000 + per account for each conversion
Fixed-rate education loan prepayment — borrower's own funds	Nil
Fixed-rate education loan takeover by another lender	0.50% of outstanding amount at takeover; calculate separately for each account
Education Loan — study in India	Nil
Education Loan — study abroad	1% of loan amount, capped at ₹10,000; recovered upfront and refundable on first disbursement
Education Loan — premier institutions in India	Nil
Education Loan — vocational education and training	Nil
Education Loan — career development	0.50%
Advocate and valuer where property is mortgaged	₹8,500 per property, non-refundable; not applicable to Vidyalaxmi's nil-security terms
Mortgage-creation charge for education loans	Nil
Education Loan deviation charge	Nil

The education-loan service-charge table is headed excluding and effective 20 June 2019; the current page does not state a later date for this table.
says this schedule applies where no specific customer-level pricing approval or sanction is in place. The conversion entry explicitly includes in its minimum and maximum; applicability is not added to rows that do not state it.
Vidyalaxmi's own scheme page states nil unified processing charges and nil security; the general study-abroad, career-development and mortgaged-property lines are not substituted for those scheme terms.

Service Charges — Bank of Baroda · Conversion charges, lines 950–967; fixed-rate prepayment, lines 1029–1037; Education Loan service-charge table, lines 1055–1120; deviations, lines 1128–1129 · effective 20 Jun 2019 · accessed 27 Sept 2026Open official source ↗

Table 4 · 12 rows · 3 columnsBaroda Vidya — current published rate and termsTranscription of the current product page and retail-rate schedule. The rendered 0.00% effective-rate cells are preserved as page output, not interpreted as a customer rate.View tableHide table

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Baroda Vidya — current published rate and terms
Parameter	Published detail	Source context
Purpose	School education for Nursery through Class XII at a recognised school/high school/junior college	Product page features and eligibility
Applicant	Indian national residing in India; loan in father or mother's name	Eligibility
Maximum finance	₹4 lakh; need-based subject to parents' repayment capacity	— quantum
Floating rate	+ Strategic Premium + 3.10%	Retail education-loan floating row
Fixed rate	+ Strategic Premium + 5.10%	Retail education-loan fixed row
Current reference	7.90% w.e.f. 6 December 2025	Retail benchmark note
Female-student concession	0.50%	Product page rate section
Repayment capacity	Total deductions including proposed instalment and interest ≤60% of total income; working spouse income considered
Repayment	12 equal monthly instalments per yearly component; first due 12 months after that component's first disbursement
Processing and documentation	Nil processing and nil documentation charges	Benefits, Features and
Margin and security	Nil margin; no security, except computer hypothecation if financed	Benefits and
	Not separately published	Full product/rate/service review

The product page and rate schedule display 0.00% in their effective-rate cells; those placeholders are not copied as or an all-in rate.
The current service-charge table separately lists study-in-India nil processing, study-abroad and other education-loan routes; those variants are not substituted into Baroda Vidya's nil product terms.
No separate official Baroda Vidya or brochure was discoverable through the current official product/catalogue links in this review.

Baroda Vidya — current official published terms · Benefits; Features; Eligibility; Interest rates & charges; Documents Required; ; ; retail rate schedule · effective 6 Dec 2025 · accessed 29 Sept 2026Open official source ↗

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Baroda Vidya

What the official sources publish

Benefits and features

Eligibility

Documents the bank lists

Related official documents

Try the numbers

Loan repayment estimate

Find the exact published value

Complete rates, limits and schedules

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