Bank of Baroda education loan is one of the good options which study abroad aspirants can consider. BOB education loans come under the Collateral education loan segment. The Bank of Baroda education loan is divided into six schemes:

  1. Baroda Vidya for up to 12th standard education loans
  2. Baroda Gyan for pursuing higher education in India
  3. Baroda Scholar for pursuing higher education abroad
  4. Baroda education loan for premier institutes in India
  5. Baroda skill development loan for small skill development courses
  6. Bank of Baroda Executive development programs in India and Abroad

The most common type of Bank of Baroda education loan scheme is Baroda Scholar which is the primary focus of this article.  

Amount offered under Bank of Baroda education loan

The Bank of Baroda education loan applicants can receive up to 80 lakhs under the Baroda Scholar scheme for the appropriate collateral. You can even secure higher loan amounts. But, it happens only when you process your application via WeMakeScholars (WMS), which is the official national Digital partner for Bank of Baroda education loan processing.  

Rate of Interest for Bank of Baroda education loan

Currently, the Bank of Baroda education loan has a Marginal Cost Lending Rate or MCLR- the minimum rate at which the bank can lend- is 8.65 %. The interest rate of the Bank of Baroda education loan under Baroda Scholar is MCLR+1.25. This means the interest rate of male applicants is 10%. And the interest rate of female applicants is 9.5% (for prime universities). For non-prime, an additional 0.5% adds on the rate of interest.

Read more: SBI abroad education loan schemes- Interest rates @8.99%*  

Moratorium period for Bank of Baroda education loan

The Bank of Baroda education loan recipients need not pay anything to the bank until 12 months after the course. The total education loan can be repaid in 15 years.  

Types of Universities under Bank of Baroda education loan scheme

Based on the university or college, the Bank of Baroda education loan applicants is divided into two categories:

  1. Bank of Baroda education loan for Prime or premium University.
  2. Bank of Baroda education loan for Non-premium University.

Advantages for prime university attending students

If the applicant is attending a Prime University then they have certain advantages over other applicants such as:

  1. Lower interest rates: You get a lower rate of Interest of 10% for male and 9.5% for female candidates. The non-premium university applicants have to pay an additional interest rate of 0.75%.
  2. Higher loan amounts: The maximum loan amount offered for prime university applicants is 80 lakhs. While the non- prime applicants can get only up to 60 lakhs. As told earlier, you can secure even higher loan amounts if you process your application via WeMakeScholars (WMS), which is the official national Digital partner for Bank of Baroda education loan processing.
  3. NO loan margin: There is no loan margin for the prime university applicants. This means they can receive 100% of the total expenses (tuition fee + living expenses + travel expenses + miscellaneous). While the non-prime applicants can get only 90% of the total expenses.

Applying to Bank of Baroda education loan through WeMakeScholars

Bank of Baroda asks you to submit all the documents in the branch. This takes an average 3-6 days to examine and then they send it to SMS. This SMS is the processing center where further steps are carried out until the sanction. But if you apply via WeMakeScholars,  your file will be directly submitted to the SMS. By doing this, you almost save a week in the processing time. In short, applying via WeMakeScholars for your Bank of Baroda education loan can make your loan processing faster by more than a week. Also, the entire processing fee of the bank will be refunded to you, once the loan is sanctioned and you take the first disbursement.

Read more: Abroad Education Loan: Full Process, Eligibility, timeline etc.  

Here is the list of Universities classified as prime by the Bank of Baroda:

Prime Universities for STEM programs:

In the United States of America:

  1. Stanford University
  2. California Institute of Technology (Caltech)
  3. Massachusetts Institute of Technology (MIT)
  4. Princeton University
  5. Georgia Institute of Technology
  6. Carnegie Mellon University
  7. The University of California, Berkeley(UCB)
  8. The University of Illinois at Urbana-Champaign
  9. University of Michigan
  10. Cornell University
  11. Northwestern University
  12. Purdue University West Lafayette
  13. Columbia University (Fu Foundation)
  14. The University of Texas at Austin
  15. University of Texas Austin
  16. Harvard University
  17. University of California Santa Barbara
  18. University of California San Diego
  19. Johns Hopkins University
  20. University of Wisconsin Madison
  21. University of Washington
  22. Rice University
  23. Ohio State University
  24. Pennsylvania State University- University Park
  25. Texas A&M University College Station
  26. University of Southern California (Viterbi)
  27. University of California Davis
  28. University of Maryland College Park
  29. University of Minnesota Twin Cities
  30. Virginia Polytechnic Institute and State University
  31. University of Colorado Boulder
  32. North Carolina State University
  33. University of California Irvine
  34. University of Florida
  35. Arizona State University
  36. Michigan State University
  37. University of California, Riverside
  38. University of Notre Dame
  39. University of Massachusetts
  40. Case Western Reserve University
  41. University of Virginia
  42. University of California, Santa Cruz
  43. Boston University
  44. Colorado School of Mines
  45. Rutgers, the State University of New Jersey
  46. Florida State University
  47. The University of Tennessee, Knoxville
  48. University of Texas Dallas
  49. Binghamton University, State University of New York
  50. Rensselaer Polytechnic Institute
  51. University at Buffalo SUNY
  52. Northeastern University
  53. University of Connecticut
  54. Drexel University
  55. The University of Arizona
  56. Florida International University
  57. George Washington University
  58. The University of Hawaii at Mānoa
  59. University of Houston
  60. University of Nebraska-Lincoln
  61. University of Illinois, Chicago (UIC)
  62. University of South Carolina
  63. University of South Florida
  64. Stony Brook University
  65. University of Tulsa
  66. University of Utah
  67. Washington University in St. Louis
  68. University of Iowa
  69. Syracuse University
  70. Tufts University
  71. Iowa State University
  72. Wake Forest University
  73. University of Wisconsin-Milwaukee
  74. Washington State University
  75. Colorado State University
  76. University of Arkansas
  77. University of Cincinnati
  78. Lehigh University
  79. George Mason University
  80. Louisiana State University
  81. University of Oklahoma
  82. University of Maryland, Baltimore County
  83. Missouri University of Science and Technology
  84. New Jersey Institute of Technology
  85. New Mexico State University
  86. Old Dominion University
  87. Oregon State University
  88. Stevens Institute of Technology
  89. The University of Texas at Arlington
  90. The University of Texas at San Antonio
  91. Texas Tech University
  92. University of Toledo
  93. University of Alabama
  94. The University of Alabama at Birmingham
  95. Auburn University
  96. Marquette University
  97. Mississippi State University
  98. University of Missouri
  99. San Diego State University
  100. University of Texas at El Paso
  101. Villanova University
  102. Wayne State University
  103. Baylor University
  104. Brandeis University
  105. California Institute of Technology
  106. Case Western Reserve University
  107. City University of New York
  108. Dartmouth College
  109. Duke University
  110. Georgetown University
  111. Illinois Institute of Technology
  112. Indiana University Bloomington
  113. Indiana University-Purdue University--Indianapolis
  114. Kansas State University
  115. Medical University of South Carolina
  116. Michigan Technological University
  117. New York University
  118. Rutgers University-New Brunswick
  119. Temple University
  120. Thomas Jefferson University
  121. Syracuse University
  122. University at Albany--SUNY
  123. University of California, Irvine
  124. The University of California, Los Angeles (UCLA)
  125. University of Central Florida
  126. University of Chicago
  127. University of Colorado Denver
  128. University of Delaware
  129. University of Georgia
  130. University of Kansas
  131. University of Kentucky
  132. University of Massachusetts Amherst
  133. University of New Mexico
  134. University of Pennsylvania
  135. University of Pittsburgh
  136. University of Rochester
  137. Vanderbilt University
  138. Virginia Commonwealth University
  139. Virginia Tech
  140. Yale University
  141. Yeshiva University

 In the United Kingdom:

  1. Cardiff University
  2. University of Bath
  3. University of Glasgow
  4. Cranfield University
  5. Imperial College London
  6. King's College London
  7. The University of Edinburgh
  8. The University of Manchester
  9. The University of Nottingham
  10. The University of Sheffield
  11. The University of Warwick
  12. UCL (University College London)
  13. University of Birmingham
  14. University of Bristol
  15. University of Cambridge
  16. University of Leeds
  17. University of Oxford
  18. University of Southampton
  19. Durham University
  20. Queen Mary University of London
  21. University of Exeter
  22. Lancaster University
  23. University of Leicester

In Taiwan:

  1. National Cheng Kung University (NCKU)
  2. National Taiwan University of Science and Technology (Taiwan Tech)
  3. National Taiwan University (NTU)
  4. National Tsing Hua University

In Switzerland:

  1. EPFL (Ecole Polytechnique Fédérale de Lausanne)
  2. ETH Zurich - Swiss Federal Institute of Technology ETH Zurich
  3. University of Zurich

In Sweden:

  1. Chalmers University of Technology
  2. KTH Royal Institute of Technology
  3. Lund University

In Spain:

  1. Politecnica de Madrid
  2. Universitat de Barcelona
  3. Universitat Politecnica de Catalunya
  4. Universitat Politecnica de Valencia

In South Korea:

  1. KAIST - Korea Advanced Institute of Science & Technology
  2. Korea University
  3. Pohang University of Science And Technology (POSTECH)
  4. Seoul National University
  5. Sungkyunkwan University (SKKU)

In Singapore:

  1. Nanyang Technological University, Singapore (NTU)
  2. National University of Singapore (NUS)

In Russia:

  1. Lomonosov Moscow State University.

In Portugal:

  1. The University of Lisbon.

In Norway:

  1. Norwegian University of Science And Technology.

In New Zealand:

  1. The University of Auckland.

In the Netherlands:

  1. Delft University of Technology
  2. Eindhoven University of Technology
  3. University of Amsterdam

In Malaysia:

  1. Universiti Sains Malaysia (USM)
  2. Universiti Teknologi Malaysia
  3. University of Malaya

In Japan:

  1. Kyoto University
  2. Osaka University
  3. The University of Tokyo
  4. Tohoku University
  5. Tokyo Institute of Technology

In Italy:

  1. Alma Mater Studiorum - University of Bologna
  2. Politecnico di Milano
  3. Politecnico di Torino
  4. Sapienza University of Rome


  1. Technion - Israel Institute of Technology.


  1. Trinity College Dublin, The University of Dublin

Hong Kong:

  1. City University of Hong Kong
  2. The Chinese University of Hong Kong (CUHK)
  3. The Hong Kong Polytechnic University
  4. The Hong Kong University of Science and Technology (HKUST)
  5. The University of Hong Kong


  1. National Technical University of Athens


  1. Friedrich-Alexander-Universitat Erlangen-Nürnberg
  2. Humboldt-Universitat zu Berlin
  3. KIT, Karlsruhe Institute of Technology
  4. Ludwig-Maximilians-Universität München
  5. RWTH Aachen University
  6. Technische Universitat Berlin
  7. Technische Universitat Darmstadt
  8. Technische Universitat Dresden
  9. Technische Universitat München
  10. Universität Stuttgart


  1. Centrale Supelec
  2. Institut Polytechnique de Grenoble - Grenoble Institute of Technology
  3. Université Pierre et Marie Curie (UPMC)


  1. Aalto University


  1. Aalborg University
  2. Technical University of Denmark


  1. Beijing Institute of Technology
  2. Fudan University
  3. Harbin Institute of Technology
  4. Peking University
  5. Shanghai Jiao Tong University
  6. Tsinghua University
  7. University of Science and Technology of China
  8. Xian Jiaotong University
  9. Zhejiang University


  1. McGill University
  2. McMaster University
  3. Queen's University at Kingston
  4. Universite de Montreal
  5. University of Alberta
  6. University of British Columbia
  7. University of Toronto
  8. University of Waterloo


  1. Ghent University
  2. KU Leuven


  1. Vienna University of Technology


  1. Curtin University
  2. Monash University
  3. Queensland University of Technology (QUT)
  4. RMIT University
  5. The Australian National University (ANU)
  6. The University of Adelaide
  7. The University of Melbourne
  8. The University of New South Wales (UNSW Australia)
  9. The University of Newcastle, Australia (UON)
  10. The University of Queensland
  11. The University of Sydney
  12. The University of Western Australia
  13. University of Technology Sydney
  14. University of Wollongong

Prime Universities for Management programs:

United States:

  1. Harvard University
  2. Massachusetts Institute of Technology: Sloan
  3. Stanford University
  4. University of Pennsylvania: Wharton
  5. University of Chicago: Booth
  6. University of California at Berkeley: Haas
  7. New York University: Stern
  8. Columbia University
  9. Yale University
  10. University of Michigan: Ross
  11. Northwestern University: Kellogg
  12. Princeton University
  13. Duke University: Fuqua
  14. Cornell University: Johnson
  15. UCLA ( University of California Los Angeles ): Anderson
  16. University of Minnesota: Carlson
  17. Arizona State University: Carey
  18. Michigan State University: Broad
  19. Pennsylvania State University: Smeal
  20. University of Maryland: Smith
  21. Indiana University: Kelley
  22. University of California, San Diego
  23. Ohio State University: Fisher
  24. University of Southern California: Marshall
  25. The University of Texas at Austin: McCombs
  26. Texas A&M University--College Station
  27. University of Washington: Foster
  28. Washington University in St. Louis
  29. Dartmouth College: Tuck
  30. Boston University: Questrom
  31. University of Wisconsin
  32. The University of Illinois at Urbana-Champaign
  33. University of North Carolina: Kenan-Flagler
  34. Boston College: Carroll
  35. Georgia Institute of Technology: Scheller
  36. Rutgers - The State University of New Jersey, Newark--New Brunswick
  37. Georgia State University
  38. University of Virginia: Darden
  39. Purdue University: Krannert
  40. Carnegie Mellon University
  41. The University of Texas at Dallas: Jindal
  42. University of Arizona
  43. University of California--Davis
  44. University of Notre Dame: Mendoza
  45. University of South Carolina: Moore
  46. Babson College: Olin
  47. Temple University: Fox
  48. University of Florida
  49. University of Georgia
  50. Northeastern University
  51. Georgetown University: McDonough
  52. George Washington University
  53. Florida State University
  54. University of Colorado-Boulder
  55. IU Kelley School of Business
  56. The University of California at Irvine: Merage
  57. University of Houston
  58. Syracuse University
  59. George Mason University
  60. Vanderbilt University: Owen
  61. University of Illinois-Chicago
  62. University of Pittsburgh: Katz
  63. University of Pittsburgh
  64. Johns Hopkins University
  65. Iowa State University
  66. University of Massachusetts-Amherst
  67. Virginia Tech
  68. North Carolina State University-Raleigh
  69. Drexel University
  70. University of Alabama
  71. Emory University: Goizueta
  72. Rice University: Jones
  73. Brigham Young University: Marriott
  74. Washington University: Olin
  75. University of Rochester: Simon
  76. University of Iowa: Tippie
  77. Southern Methodist University (SMU): Cox
  78. California Institute of Technology (Caltech)
  79. Brown University
  80. The University of California, Santa Barbara (UCSB)
  81. Case Western Reserve University
  82. Tufts University
  83. University of Miami
  84. University at Buffalo SUNY
  85. University of California, Riverside
  86. The Katz School at Yeshiva University
  87. Rensselaer Polytechnic Institute

United Kingdom:

  1. London School of Economics and Political Science (LSE)
  2. University of Oxford: Saïd
  3. University of Cambridge: Judge
  4. University of Warwick
  5. Imperial College Business School
  6. University College of London ( UCL )
  7. University of Manchester
  8. City University: Cass
  9. The University of Nottingham
  10. Lancaster University Management School
  11. University of Leeds
  12. Cardiff University
  13. University of Bath
  14. University of Edinburgh Business School
  15. The University of Sheffield
  16. University of Sheffield
  17. University of York
  18. University of Southampton
  19. University of Strathclyde Business School
  20. University of Birmingham
  21. University of Glasgow
  22. Durham University Business School
  23. University of Exeter
  24. Newcastle University
  25. London Business School
  26. Cranfield University
  27. King's College London
  28. University of Bristol
  29. University of St Andrews


  1. University of Zurich
  2. ETH Zurich – Swiss Federal Institute of Technology Zurich
  3. University of St Gallen
  4. IMD (International Institute of Mgmt. Development)


  1. University of Navarra
  2. IE University
  3. Ramon Lull University

South Korea:

  1. Sungkyunkwan University GSB


  1. National University of Singapore Business School
  2. Nanyang Technological University
  3. INSEAD Business School


  1. The Lisbon MBA


  1. Rotterdam School of Management, Erasmus University


  1. Bocconi University


  1. University College Dublin: Smurfit

Hong Kong:

  1. Hong Kong University of Science and Technology (HKUST) Business School
  2. Chinese University of Hong Kong (CUHK) Business School
  3. University of Hong Kong


  1. Technical University of Munich
  2. Mannheim Business School
  3. Free University of Berlin
  4. University of Freiburg
  5. Goethe University Frankfurt
  6. ESMT Berlin
  7. Humboldt University of Berlin
  8. RWTH Aachen University


  1. INSEAD Business School
  2. HEC Paris (Ecole des Hautes Etudes Commerciales de Paris)
  3. Edhec Business School
  4. Grenoble Ecole de Management


  1. Peking University
  2. Shanghai Jiao Tong University: Antai
  3. China Europe International Business School (CEIBS)


  1. University of Toronto: Rotman
  2. University of British Columbia
  3. University of Alberta
  4. York University
  5. Western University: Ivey
  6. McGill University
  7. McMaster University
  8. University of Montreal
  9. University of Calgary
  10. Queen's University: Smith


  1. KU Leuven
  2. Ghent University


  1. University of Melbourne
  2. Monash University
  3. University of New South Wales
  4. University of Sydney
  5. University of Queensland Australia
  6. Australian National University
  7. University of Western Australia
  8. University of Adelaide
  9. James Cook University
  10. Macquarie Graduate School of Management
  11. AGSM( Australian Graduate School of Management ) at UNSW Business School

Prime Universities for Medical programs:

United States:

  1. Boston University
  2. Brown University
  3. Columbia University
  4. Cornell University
  5. Dartmouth College
  6. Duke University
  7. Emory University
  8. Harvard University
  9. Johns Hopkins University
  10. New York University
  11. Northwestern University
  12. Ohio State University
  13. Stanford University
  14. Tufts University
  15. University of California, Berkeley
  16. University of California, Davis
  17. University of California, Los Angeles
  18. University of California, San Diego
  19. University of Chicago
  20. University of Florida
  21. University of Michigan
  22. University of Minnesota
  23. The University of North Carolina at Chapel Hill
  24. University of Pennsylvania
  25. University of Pittsburgh
  26. University of Southern California
  27. The University of Texas at Austin
  28. University of Washington
  29. University of Wisconsin-Madison
  30. Vanderbilt University
  31. Washington University in St Louis
  32. Yale University

United Kingdom:

  1. Cardiff University
  2. Imperial College London
  3. King’s College London
  4. London School of Hygiene & Tropical Medicine
  5. Queen Mary University of London
  6. UCL
  7. University of Bristol
  8. University of Cambridge
  9. University of Dundee
  10. University of Edinburgh
  11. University of Glasgow
  12. University of Leicester
  13. University of Liverpool
  14. University of Manchester
  15. University of Nottingham
  16. University of Oxford
  17. University of Southampton


  1. National Taiwan University


  1. University of Basel
  2. University of Bern
  3. University of Zurich


  1. Karolinska Institute
  2. Lund University
  3. Uppsala University


  1. Autonomous University of Barcelona

South Korea:

  1. Seoul National University
  2. Sungkyunkwan University (SKKU)

South Africa:

  1. University of Cape Town


  1. National University of Singapore

New Zealand:

  1. University of Auckland


  1. Erasmus University Rotterdam
  2. Leiden University
  3. Maastricht University
  4. University of Amsterdam
  5. University of Groninge