Bank Of Baroda Education Loan

Bank of Baroda has diverse education loan schemes tailored to meet the needs of students wanting to pursue higher education in India or Abroad.

• Baroda Gyan
• Baroda Scholar
• Baroda education loan to students of premier institutions 
• Skill loan scheme

Bank of Baroda offers a maximum of 150 Lakhs at an interest rate of 10.85% for students pursuing education abroad.

Baroda Scholar

Courses eligible for Baroda Scholar:

• Technical and professional courses offered for career advancement from reputed universities
• PG courses such as MS, MCA, and MBA 
• Professional courses conducted by CIMA in London and CPA in the USA.
• Degree and diploma courses such as aviation, shipping, and aeronautical are recognized by regulatory bodies pertaining to the field for the purpose of employment in India or abroad.
• Certificate courses
• Any of the universities in the premier list of BOB 
• For management courses: List of premier institutes
• For STEM courses: List of premier institutes 
• For medical courses: List of premier institutes
• For other disciplines: List of premier institutes
• Universities, not on the list can also be considered

For any queries about any of the mentioned schemes, you can talk to our financial officers by requesting a callback or visiting our website.

Baroda Education Loan for EDP being offered by Premier Institutions abroad

You can watch this video to gain a better understanding of all the schemes available to you through bank of baroda. This video is a valuable resource for students who are considering studying abroad and looking for ways to fund their education. It provides a comprehensive overview of the education loan schemes offered by the Bank of Baroda so that students are equiped with the knowledge they need to make informed decisions about their education funding.

Baroda Gyan

Courses eligible for Baroda Gyan:

• Graduation courses such as B.com, BA, B.Sc., etc
• PG courses such Post-Graduation courses: Masters & Ph.D.
• Professional courses such as architecture, agriculture, veterinary, medical, engineering dental, computer, law, and other courses.
• Computer certificate programs/ courses from reputed universities accredited to the branch of electronics.
• Professional courses such as CA, ICWA, or CFA
• Programs conducted by IIT, NIFT, IISc XLRI, IIM 
• Diploma and degree programs such as shipping, aeronautical, pilot training, etc approved by authoritative bodies of respective industries.
• Evening courses approved by accredited institutions 
• Courses approved by the government, ICMR, AICTE, UGC, etc
• Teacher training programs, B.Ed, and nursing programs can be considered teachers training courses/nursing courses/B. Ed 
• Depending on the future prospects of the course/ institution other courses can be accepted

Baroda education loan to students of premier institutions

Eligible courses for Baroda education loan to students of premier institutions:

–Full-time courses from premier institutions from the list of institutions 

• List of the institutions (List-AA, A, B & List-C)

Baroda Education Loan for EDP being offered by Premier Institutions in India

Skill Loan Scheme

Eligible courses

• Polytechnics or Industrial training universities or institutes 
• An institution recognized by the state or central board of education
• In a college that is connected to a recognized university
• Degree or diploma leading to career advancement from Training partners recognized by NSDC, state skill corporation, state skill mission, sector skill councils Training partners connected to National Skill Development Corporation (NSDC)/State skill Mission, State Skill Corporation, Sector Skill Councils, as per NSQF
• The applicant should be a citizen of India

Bank of Baroda Education Loan scheme accepts every kind of education loan application irrespective of the course or country. Great news, right?

The 0.5% reduction in your BOB Education Loan Interest Rate is eligible if you meet two criteria. Firstly, if your field of study is STEM, Management, Medical, Economics, Econometrics, Arts, Law, Performing Arts or Design. Secondly, if your university has a good ranking. 

For education loan, BOB interest rate is one of the best rates in the market. Check below the universities that are preffered by Bank of Baroda for an education loan.

The Bank of Baroda have a special preference for certain universities around the world according to the course. Below is a specified list which is categorised according to the course and country for your ease.

Bank of Baroda Preferred universities for STEM Courses

Below is a list of preferred universities to pursue STEM courses which is categorised by different countries!

Preferred Universities for STEM courses in the USA

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

Preferred Universities for STEM courses in the UK:

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

Preferred Universities for STEM courses 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

Preferred Universities for STEM courses in Switzerland

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

Preferred Universities for STEM courses in Sweden

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

Preferred Universities for STEM courses in Spain

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

Preferred Universities for STEM courses 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)

Preferred Universities for STEM courses in Singapore

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

Preferred Universities for STEM courses in Russia

1. Lomonosov Moscow State University

Preferred Universities for STEM courses in Portugal

1. The University of Lisbon

Preferred Universities for STEM courses in Norway

1. Norwegian University of Science And Technology

Preferred Universities for STEM courses in New Zealand

1. The University of Auckland

Preferred Universities for STEM courses in the Netherlands

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

Preferred Universities for STEM courses in Malaysia

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

Preferred Universities for STEM courses in Japan

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

Preferred Universities for STEM courses in Italy

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

Preferred Universities for STEM courses in Israel

1. Technion - Israel Institute of Technology

Preferred Universities for STEM courses in Ireland

1. Trinity College Dublin, The University of Dublin

Preferred Universities for STEM courses in 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

Preferred Universities for STEM courses in Greece

1. National Technical University of Athens

Preferred Universities for STEM courses in Germany

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

Preferred Universities for STEM courses in France

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

Preferred Universities for STEM courses in Finland

1. Aalto University

Preferred Universities for STEM courses in Denmark

1. Aalborg University
2. Technical University of Denmark

Preferred Universities for STEM courses in China

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

Preferred Universities for STEM courses in Canada

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

Preferred Universities for STEM courses in Belgium

1. Ghent University
2. KU Leuven

Preferred Universities for STEM courses in Austria

1. Vienna University of Technology

Preferred Universities for STEM courses in Australia

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

The bank of baroda considers the following universities as best for management programs and hence easily provides funding for them!

Preferred Universities for Management courses in the USA

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

Preferred Universities for Management courses in the UK

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

Preferred Universities for Management courses in the Switzerland

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)

Preferred Universities for Management courses in the Spain

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

Preferred Universities for Management courses in the South Korea

1. Sungkyunkwan University GSB

Preferred Universities for Management courses in the Singapore

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

Preferred Universities for Management courses in Portugal

1. The Lisbon MBA

Preferred Universities for Management courses in the Netherlands

1. Rotterdam School of Management, Erasmus University

Preferred Universities for Management courses in Italy

1. Bocconi University

Preferred Universities for Management courses in Ireland

1. University College Dublin: Smurfit

Preferred Universities for Management courses in 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

Preferred Universities for Management courses in Germany

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

Preferred Universities for Management courses in France

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

Preferred Universities for Management courses in China

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

Preferred Universities for Management courses in Canada

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

Preferred Universities for Management courses in Belgium

1. KU Leuven
2. Ghent University

Preferred Universities for Management courses in Australia

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

Bank of Baroda has the below listed universities in its prime category and so it gives them utmost preference while giving an education loan for medical programs.

Preferred Universities for Medical programs in the USA

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

Preferred Universities for Medical programs in the UK

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

Preferred Universities for Medical programs in Taiwan

1. National Taiwan University

Preferred Universities for Medical programs in Switzerland

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

Preferred Universities for Medical programs in Sweden

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

Preferred Universities for Medical programs in Spain

1. Autonomous University of Barcelona

Preferred Universities for Medical programs in South Korea

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

Preferred Universities for Medical programs in South Africa

1. University of Cape Town

Preferred Universities for Medical programs in Singapore

1. National University of Singapore

Preferred Universities for Medical programs in New Zealand

1. University of Auckland

Preferred Universities for Medical programs in the Netherlands

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

Bank of Baroda does not charge any processing fee for a loan amount of up to 7.50 Lacs. The processing fee charged above a loan amount of 7.50 Lakhs is refundable. A non-refundable amount of 8500/- is charged for the lawyer and evaluator fees.

The services we provide at WeMakeScholars won't cost you anything, as we don't charge any processing fees. Our organization is funded and supported by the Ministry of IT, the government of India as part of the Digital India campaign, which allows us to offer our services for free to students seeking scholarships and other forms of financial aid.

We can assist you in avoiding sanction-related issues or delays and saving time by providing you with a customized document checklist that takes into account your unique circumstances and requirements.

The loan insurance offered by Bank of Baroda ranges from 1-2%.

Loan insurance can turn out to be very helpful in unforeseen circumstances such as the disability or death of the applicant. Without the loan insurance, the co-applicant ends up bearing the entire burden of loan repayment. To avoid that loan insurance must be opted for. 

The loan margin in Bank of Baroda ranges from 0% to 15%i.e the student has to arrange. For example, if a student has applied for a loan of 40 Lakhs and if the loan margin is 5%, then the loan margin would be 2 Lakhs.

We acknowledge that loan margins can have a considerable influence on borrowing expenses, and we're committed to helping our customers get the most beneficial loan terms and interest rates.

The Indian government will pay the interest due during the moratorium, which is equal to the length of the course plus 12 months, under these programs.

Padho Pardesh Scheme

Eligibility:

The applicant is a member of a religious minority (Muslim, Christian, Sikh, Buddhist, Jain, Zoroastrian) and has an annual family income is less than 6 lakhs.

Note: The Padho Pardesh Scheme is no longer in effect as of April 1, 2022. However, the previous beneficiaries as of March 31, 2022, will continue to receive the interest subsidies during the loan's term and its moratorium period.

Central Scheme for Interest Subsidy for Economically Weaker Sections

Eligibility:

The household income of the applicant is less than 4.5 lakhs.

Dr. Ambedkar Central Sector Scheme

Eligibility: 

• The applicant comes from a financially underprivileged class, and their total annual family income is less than 8 lakhs.
• The applicant is from the OBC class, and their family makes less than 8 lakhs per year.

Offline education loan application process

Step 1: Visit the Bank Of Baroda branch nearest to you and fill in the loan application

Step 2: Your profile will be evaluated and depending on that you will be asked to submit a list of documents.

Step 3: Submit all the documents you are asked for in the BOB branch closest to you Step 4: After verification of documents the loan amount would be disbursed into your account.

Online education loan application process through WeMakeScholars

Step 1: Fill out the Common Application form for an education loan.

Step 2: You will get a call from one of our financial officers to check your eligibility for the loan. Give them all the details you are asked for. 

Step 3: A comparison of all the loan lenders you are eligible for getting a loan from will be provided to you by your financial officer. 

Step 4: Take those documents and submit them directly to the bank or you can upload them to the WMS secure portal 

Step 5: After you’ve submitted all your documents your file will be logged in. You will be informed of the result of your loan in 2 to 6 days in the case of public banks and 15-20 days in the case of private banks.

Step 6: You will sign the loan agreement after which you can collect your sanction letter. 

Issues while approaching the lenders directly

• Higher rates of interest 
• Lack of technological advancement 
• Lack of awareness about other loan products available on the market
• No transparency in the process
• An explanation of the loan process is not provided

Benefits of applying through WeMakeScholars

• Negotiation on your behalf: When you process your loan with us, we make sure to get you the best possible rate of interest available in the market (0.5% to 2% lower than the bank’s average).
• Best customer service/support: You can contact us anytime from 9 AM to 9 PM about any queries you have during the loan process. You can contact the WeMakeScholars team for any of the doubts you have, even during the repayment period. 
• The cashback offered: You will be rewarded with a cashback on the first disbursement to a maximum of INR 3000, as you are supporting the Digital India campaign by applying for your study abroad education loan via WeMakeScholars.
• Transparency: One of the main reasons to go with WeMakeScholars is for the transparency we provide to the students regarding the whole loan process. Each step of this procedure is clearly explained by our Financial officers. We make sure the students are clearly aware of and understand the whole process before we start processing their loans. 

• On transferring your loan to Bank of Baroda you get an ROI that is lesser than what you are currently paying.
• As we are the largest partners of many reputed public banks, private banks, and NBFCs getting a loan transfer becomes a very easy process. 
• We make the process even easier by negotiating for you. 

If you're looking for guidance on transferring your loan, our financial officers are here to help and can answer any questions you may have

In Bank of Baroda, the moratorium lasts for the course duration plus an additional 6 to 12 months. 

For example, if you take out a loan of 24 Lacs, with an interest rate of 8.5% and with a repayment tenure of 10 years, this would be your amortization schedule.

• Monthly EMI: 34,317
• Total payment: 41,18,067
• Total payable interest: 17,18,067

WeMakeScholars is committed to providing students with comprehensive and dependable services, and our post-sanction support is just one of the ways we strive to simplify the loan application process.