Education and Career Forum

Hello everyone, I want to get an Education Loan of Rs. 7.5 Lacs for my MBA programme. I am interested to apply an education loan from Bank of Baroda. Can I know that what interest rates they charge for this loan amount?

Interest rates against an Education Loan of Rs. 7.5 Lacs in Bank of Baroda;

1 year MCLR + 2.00% per annum (Including SP) - Irrespective of Loan Amount.
0.5% Concession in interest rates is available for girl students.

For details regarding Interest rates, please visit the below mentioned website link;
https://www.bankofbaroda.com/interes...rges.htm#tab-2

Interest rates will be around 10 % from Bank of Baroda for educational loan .

For more details information kindly visit this official website :
https://www.bankofbaroda.com/education-loan.htm

Education Loan Bank of Baroda:

Courses India Abroad

Maximum Loan Amount
Interest Rates

1) Loans up to Rs. 4 lakh 11.25% 12.30%

2) Loans Rs. 4-7.5 lakh 11.25% 0.00%

3) Loans > Rs. 7.5 lakh 10.50% 11.55%

Originally Posted by Unregistered

Hello everyone, I want to get an Education Loan of Rs. 7.5 Lacs for my MBA programme. I am interested to apply an education loan from Bank of Baroda. Can I know that what interest rates they charge for this loan amount?

Bank of Baroda – interest rates (at present) against an education loan of Rs 7.5 Lakhs to study MBA are given below:

1 year MCLR + 2.00%, i.e. - 8.70 + 2.00 = 10.70%

1 year MCLR at present is 8.70% (with effect from 07th May, 2019)

Girl students can get a concession of 50 bps or 0.50% in interest for higher studies in India under Bank of Baroda education loan scheme.