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Higher Education and Skill Development Guarantee Scheme for Pursuing Higher Education in Delhi

Avail this Higher Education and Skill Development guarantee Scheme for meritorious students of delhi for pursuing higher education with the financial support from the banking system.

Interest rateBRLLR + 2.00% p.a. up to ₹7.50 lakh and BRLLR + 1.75% p.a. above ₹7.50 lakh. A 1% concession may apply if interest is serviced during study and the moratorium.TenureCourse period plus one year repayment holiday, followed by repayment in equal monthly instalments over 15 years for all categories. A course-completion extension of up to two years may be considered in the stated circumstances.Processing chargeNo processing charges may be levied under the scheme.
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Higher Education and Skill Development Guarantee Scheme for Pursuing Higher Education in Delhi

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Answer what you know. This guide compares your answers with the criteria published for this product; it is not an approval decision. Your answers stay on this device.

1Do you meet this requirement: Students pursuing recognised diploma, degree or specified skill-development courses in Delhi who completed Class X and XII in Delhi, or children of employees/officials posted with the Government of NCT of Delhi, and admitted through merit or entrance selection?

Published source: Student eligibility

2Do you meet this requirement: Eligibility is based on Delhi schooling or Government of NCT of Delhi family connection, recognised admission and merit/entrance selection?

Published source: Minimum income

3Does your annual income meet this requirement: the appraisal section says the student's future income prospect is considered?

Published source: Minimum income

4Are you this type of customer: Student must have completed Class X and XII in Delhi (or be a child of an employee/official posted with the Government of NCT of Delhi) and gain admission through merit/entrance selection to a recognised Delhi institution?

5Do you meet this requirement: Eligible courses include recognised degree/diploma, professional, vocational and specified skill-development programmes?

6Document checkDo you have this required document or proof: Authenticated academic-performance records, Class X/XII evidence, admission letter and course/institution fee schedule?

Published source: Student eligibility

7Document checkDo you have this required document or proof: KYC and co-applicant/parent documents required under the applicable Baroda education-loan checklist?

Published source: Student eligibility

8Document checkDo you have this required document or proof: The official Documentation section states Not available; the page nevertheless requires authenticated academic documents and normal education-loan records?

Published source: Student eligibility
0 of 8 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 30 Aug 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.

Student eligibilityStudents pursuing recognised diploma, degree or specified skill-development courses in Delhi who completed Class X and XII in Delhi, or children of employees/officials posted with the Government of NCT of Delhi, and admitted through merit or entrance selection.View source
The official eligibility section states the Delhi schooling/employee connection and recognised-course admission route.
Source
Higher Education and Skill Development Guarantee Scheme for Pursuing Higher Education in Delhi
Page / section
Students Eligibility / Courses
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Maximum financeNeed-based finance up to ₹10 lakh for studies in Delhi; ordinarily up to ₹7.5 lakh may be covered by the Government of India education guarantee route when its conditions are met.View source
The official sets the Delhi-study ceiling at ₹10 lakh and distinguishes the ordinary ₹7.5 lakh Government scheme route.
Source
Higher Education and Skill Development Guarantee Scheme for Pursuing Higher Education in Delhi
Page / section
— Quantum of finance
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Interest rateBRLLR + 2.00% p.a. up to ₹7.50 lakh and BRLLR + 1.75% p.a. above ₹7.50 lakh. A 1% concession may apply if interest is serviced during study and the moratorium.View source
The official rate section publishes both loan-size spreads and the optional servicing concession.
Source
Higher Education and Skill Development Guarantee Scheme for Pursuing Higher Education in Delhi
Page / section
Interest rates & charges
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Processing chargeNo processing charges may be levied under the scheme.View source
The official page states that no processing charges may be levied.
Source
Higher Education and Skill Development Guarantee Scheme for Pursuing Higher Education in Delhi
Page / section
Processing Charges
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Security / expensesThe Government guarantee is designed to support collateral-free education loans. Covered expenses include tuition/hostel, examination/library/lab, student insurance, eligible refundable deposits up to 10% of total tuition, books/equipment/uniforms, computer, study tours, projects and thesis.View source
The official scheme description and publish collateral-free intent and covered expense categories.
Source
Higher Education and Skill Development Guarantee Scheme for Pursuing Higher Education in Delhi
Page / section
Introduction / — Expenses
Accessed
23 Aug 2026
Confidence
high
Open official source ↗
Loan typeEducation loanView source
The official product name identifies this as “Higher Education and Skill Development Guarantee Scheme for Pursuing Higher Education in Delhi”.
Source
Higher Education and Skill Development Guarantee Scheme for Pursuing Higher Education in Delhi — official product page
Page / section
Official product name and loan classification
Accessed
15 Aug 2026
Confidence
high
Open official source ↗
TenureCourse period plus one year repayment holiday, followed by repayment in equal monthly instalments over 15 years for all categories. A course-completion extension of up to two years may be considered in the stated circumstances.View source
The says course period plus one year moratorium and repayment for 15 years for all categories; it also describes a possible two-year course extension.
Source
Higher Education and Skill Development Guarantee Scheme for Delhi — official product page
Page / section
— Repayment
Accessed
29 Aug 2026
Confidence
high
Open official source ↗
Government guaranteeThe Higher Education and Skill Development Credit Guarantee Fund settles 75% of a claim after recall and recovery proceedings; the remaining 25% is settled after final loss determination.View source
The official features section publishes the 75%/25% claim settlement and 0.50% annual guarantee fee charged to the borrower.
Source
Higher Education and Skill Development Guarantee Scheme for Pursuing Higher Education in Delhi
Page / section
Features — Credit Guarantee Fund
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Prepayment / foreclosureNil. No prepayment penalty is levied at any time during the repayment period.View source
The repayment section expressly states that no prepayment penalty will be levied at any time during the repayment period.
Source
Higher Education and Skill Development Guarantee Scheme for Delhi — official product page
Page / section
— Repayment
Accessed
29 Aug 2026
Confidence
high
Open official source ↗
Geographic limitsStudents pursuing recognised diploma, degree or specified skill-development courses in Delhi who completed Class X and XII in Delhi, or children of employees/officials posted with the Government of NCT of Delhi, and admitted through merit or entrance selection.View source
The manually reviewed product record states: “Students pursuing recognised diploma, degree or specified skill-development courses in Delhi who completed Class X and XII in Delhi, or children of employees/officials posted with the Government of of Delhi, and admitted through merit or entrance selection.”.
Source
Higher Education and Skill Development Guarantee Scheme for Pursuing Higher Education in Delhi — official product page
Page / section
Published product metadata
Accessed
15 Aug 2026
Confidence
high
Open official source ↗
BenchmarkBRLLR + 2View source
The manually reviewed product record states: “ + 2.00% p.a. up to ₹7.50 lakh and + 1.75% p.a. above ₹7.50 lakh. A 1% concession may apply if interest is serviced during study and the moratorium.”.
Source
Higher Education and Skill Development Guarantee Scheme for Pursuing Higher Education in Delhi — official product page
Page / section
Published product metadata
Accessed
15 Aug 2026
Confidence
high
Open official source ↗

Benefits and features

  • Collateral-free education finance for meritorious students who completed Class X and XII in Delhi or are children of eligible Delhi Government employees.
  • Need-based finance up to ₹10 lakh for studies in Delhi with a Government guarantee fund covering 75% of a default claim after recovery steps.
  • No processing charges; repayment is up to 15 years after the course-period-plus-one-year repayment holiday.

Eligibility

  • Student must have completed Class X and XII in Delhi (or be a child of an employee/official posted with the Government of of Delhi) and gain admission through merit/entrance selection to a recognised Delhi institution.
  • Eligible courses include recognised degree/diploma, professional, vocational and specified skill-development programmes; the list is indicative and employability may be considered.
  • There is no specific student-age restriction; a minor's parent executes the documents and the student ratifies them on attaining majority.
  • Interest is + 2.00% up to ₹7.5 lakh and + 1.75% above ₹7.5 lakh, with a possible 1% concession when interest is serviced during study and moratorium.

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

Documents the bank lists

  • Authenticated academic-performance records, Class X/XII evidence, admission letter and course/institution fee schedule.
  • and co-applicant/parent documents required under the applicable Baroda education-loan checklist.
  • The official Documentation section states Not available; the page nevertheless requires authenticated academic documents and normal education-loan records.

Related official documents

Higher Education and Skill Development Guarantee Scheme for Delhi — official product pageofficial-product-page · current · accessed 29 Aug 2026
↗

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Loan repayment estimate

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One monthly payment₹12,647twelve thousand six hundred forty-seven rupees
Interest paid over the full loan₹5,35,300five lakh thirty-five thousand three hundred rupees
Everything you repay₹30,35,300thirty lakh thirty-five thousand three hundred 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.

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Student eligibility · Published valueCompleted Class X/XII in Delhi or child of a Government of of Delhi employee/official posted there; admission through merit/entrance to a recognised Delhi institution/course.

This value is copied from Delhi higher-education guarantee scheme published terms. Check the table notes before relying on it.

Source: Higher Education and Skill Development Guarantee Scheme for Delhi — official product page · Eligibility; Interest rates & charges; Processing Charges; Quantum of finance; Repayment; Open official source ↗

Published tables

Complete rates, limits and schedules

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

Table 1 · 12 rows · 2 columnsDelhi higher-education guarantee scheme published termsComplete comparison-relevant eligibility, finance, rate, fee, security and repayment terms transcribed from the official page.View tableHide table

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Delhi higher-education guarantee scheme published terms
TopicPublished value
Student eligibilityCompleted Class X/XII in Delhi or child of a Government of of Delhi employee/official posted there; admission through merit/entrance to a recognised Delhi institution/course.
Eligible institutionsGovernment/University of Delhi institutions and private institutions with /NBA/SFRC grading as described on the page.
Guarantee fee0.50% of outstanding amount, recovered from borrower and paid to the Trust.
Interest rateUp to ₹7.50 lakh: +2.00% p.a.; above ₹7.50 lakh: +1.75% p.a.; 1% concession if interest is serviced through study and moratorium.
Processing chargeNo processing charges may be levied under the scheme.
Maximum financeNeed-based finance up to ₹10 lakh for studies in Delhi.
Margin / securityNil margin up to ₹10 lakh; parents/legal guardians joint borrowers; no security up to ₹10 lakh.
MoratoriumCourse period plus one year; possible course-completion extension up to two years in stated circumstances.
Repayment for 15 years for all categories.
PrepaymentNo prepayment penalty at any time during repayment.
Income threshold / No numeric minimum-income threshold or separate published.
InsuranceOptional student-borrower insurance; IndiaFirst group credit-life facility may be extended to consenting borrowers.
  • The annual guarantee fee is distinct from the nil processing charge and is retained as a separate published charge.
Higher Education and Skill Development Guarantee Scheme for Delhi — official product page · Eligibility; Interest rates & charges; Processing Charges; Quantum of finance; Repayment; · accessed 29 Aug 2026Open official source ↗
Table 2 · 6 rows · 2 columnsDelhi Higher Education Guarantee — finance and repaymentPublished Delhi scheme limits, pricing, guarantee and repayment rows.View tableHide table

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Delhi Higher Education Guarantee — finance and repayment
TermPublished detail
Maximum financeNeed-based up to ₹10 lakh
Rate + 2.00% up to ₹7.5 lakh; + 1.75% above ₹7.5 lakh
GuaranteeFund settles 75% after recall/recovery; balance 25% after final loss determination; annual guarantee fee 0.50%
ProcessingNo processing charge
RepaymentCourse period + one year holiday; up to 15 years; no prepayment penalty
StudentsClass X and XII in Delhi or child of eligible Delhi Government employee; recognised Delhi course
  • The official Documentation section states Not available, while the page requires authenticated academic documents and ordinary education-loan records.
Higher Education and Skill Development Guarantee Scheme for Pursuing Higher Education in Delhi · Eligibility; Interest rates & charges; · accessed 30 Aug 2026Open official source ↗

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