Bank of Baroda Education Loan interest rates · November 2026
Your education loan at BoB.
Choose a scheme. Understand the rate. Explore your repayment.
What would I pay each month?
See scheme conditions Scheme selected for illustration. Check eligibility with the bank.
At 7.10%, you repay ₹12.72 lakh: ₹10 lakh borrowed and ₹2.72 lakh interest.
From the first year, most of each EMI repays the loan.
Every 0.25% off the rate saves about ₹122 a month. Worth asking for.
Range estimate, not your approved offer. Excludes fees. Assumes the rate stays unchanged.
Scheme conditions & source
Understand this scheme
- Published rate
- 7.10% p.a.
- Rate type
- Floating
- Pricing published as
- BRLLR − 1.05%
- Benchmark
- BRLLR today: 8.15%
- Who it's for
- Top 100 Institutions
What still needs confirming
- Your eligible rate and the scheme's conditions
- Processing fees and other charges
- How often the rate resets, and to what
Effective date not stated · checked 15 Nov 2026
Compare BoB's education loan schemes
Different schemes have different conditions. Starting rates are not personalised quotes.
| Scheme | Published rate | EMI range* | Choose |
|---|---|---|---|
| Baroda Executive Development Premier Institutions (For Studies in India)5 borrower bands | 7.10%–8.65% | ₹15,142–₹15,912 | Selected |
| PM VIDYALAXMI SCHEME5 borrower bands | 7.10%–8.65% | ₹15,142–₹15,912 | |
| Baroda Education Loan to Students of Premier Institutions (For Studies in India)4 borrower bands | 7.35%–8.65% | ₹15,264–₹15,912 | |
| Baroda Scholar6 borrower bands | 8.70%–10.45% | ₹15,937–₹16,835 | |
| Baroda Gyan3 borrower bands | 9.25%–10.15% | ₹16,216–₹16,679 | |
| Baroda Skill Loan Scheme | 9.65% | ₹16,421 | |
| Baroda Executive Development Premier Institutions (For Studies abroad)2 borrower bands | 10.15%–10.50% | ₹16,679–₹16,861 |
*₹10 lakh over 7 years, before fees. Scheme names follow the bank's published wording.
Every education loan rate BoB publishes
26 rates across 7 schemes, by who each is for. Answer “About you” to see which apply to you.
| Scheme and band | Who it's for | Rate | EMI* | Use |
|---|---|---|---|---|
| Baroda Executive Development Premier Institutions (For Studies in India)Top 100 Institutions | As the band says | 7.10% | ₹15,142 | |
| Baroda Executive Development Premier Institutions (For Studies in India)AA | As the band says | 7.35% | ₹15,264 | |
| Baroda Executive Development Premier Institutions (For Studies in India)A | As the band says | 7.45% | ₹15,314 | |
| Baroda Executive Development Premier Institutions (For Studies in India)B | As the band says | 8.15% | ₹15,661 | |
| Baroda Executive Development Premier Institutions (For Studies in India)List C: | As the band says | 8.65% | ₹15,912 | |
| PM VIDYALAXMI SCHEMETop 100 Institutions | As the band says | 7.10% | ₹15,142 | |
| PM VIDYALAXMI SCHEMEAA | As the band says | 7.35% | ₹15,264 | |
| PM VIDYALAXMI SCHEMEA | As the band says | 7.45% | ₹15,314 | |
| PM VIDYALAXMI SCHEMEB | As the band says | 8.15% | ₹15,661 | |
| PM VIDYALAXMI SCHEMEC | As the band says | 8.65% | ₹15,912 | |
| Baroda Education Loan to Students of Premier Institutions (For Studies in India)AA | As the band says | 7.35% | ₹15,264 | |
| Baroda Education Loan to Students of Premier Institutions (For Studies in India)A | As the band says | 7.45% | ₹15,314 | |
| Baroda Education Loan to Students of Premier Institutions (For Studies in India)B | As the band says | 8.15% | ₹15,661 | |
| Baroda Education Loan to Students of Premier Institutions (For Studies in India)C | As the band says | 8.65% | ₹15,912 | |
| Baroda ScholarAbroad | As the band says | 8.70% | ₹15,937 | |
| Baroda ScholarAbroad (for CANADA) | As the band says | 8.70% | ₹15,937 | |
| Baroda ScholarUpto Rs.7.50 Lakh | Loans up to ₹7.5 lakh | 10.15% | ₹16,679 | |
| Baroda ScholarAbove Rs 7.50 lakh | Loans above ₹7.5 lakh | 9.20% | ₹16,191 | |
| Baroda ScholarSpecial rate of Interest for Children of defense personal Under Baroda Yodha education Loan Scheme | Children of defence personnel | 9.20% | ₹16,191 | |
| Baroda ScholarAbove Rs 7.50 lakh | Loans above ₹7.5 lakh | 10.45% | ₹16,835 | |
| Baroda GyanUpto Rs.7.50 Lakh | Loans up to ₹7.5 lakh | 10.15% | ₹16,679 | |
| Baroda GyanAbove Rs 7.50 lakh | Loans above ₹7.5 lakh | 10.05% | ₹16,627 | |
| Baroda Gyan(Special rate of Interest for Children of defense personal Under Baroda Yodha education Loan Scheme) | Children of defence personnel | 9.25% | ₹16,216 | |
| Baroda Skill Loan SchemeOnly one slab irrespective of loan amount | As the band says | 9.65% | ₹16,421 | |
| Baroda Executive Development Premier Institutions (For Studies abroad)Upto Rs. 7.5 lakhs | Loans up to ₹7.5 lakh | 10.15% | ₹16,679 | |
| Baroda Executive Development Premier Institutions (For Studies abroad)Above Rs. 7.5 lakhs | Loans above ₹7.5 lakh | 10.50% | ₹16,861 |
*₹10 lakh over 7 years, before fees. Band names are the bank's own; “who it's for” is what they state.
How BoB compares
Each bank's lowest published rate, and what the same loan would cost a month there. Before charges.
The rates BoB's loans are linked to
A floating loan's rate is one of these plus a spread fixed when you borrow. When it moves, your EMI or your term moves at the next reset.
MCLR by reset period · from 12 Nov 2026
| Reset period | Compared | MCLR |
|---|---|---|
| Overnight | 7.85% | |
| 1 month | 8.00% | |
| 3 months | 8.50% | |
| 6 months | 8.70% | |
| 1 year | 8.85% |
A loan on MCLR resets at the end of its period, most often one year, to the MCLR then plus its spread. If yours is still on MCLR, you can ask to move it to the repo-linked rate.
Official Checked 15 Nov 2026 · Bank's own page
BoB education loan: questions borrowers ask
Which BoB education loan scheme has the lowest rate?
Baroda Executive Development Premier Institutions (For Studies in India), from 7.10% a year (priced as BRLLR − 1.05%). Bank of Baroda publishes 7 education loan schemes we read; each has its own conditions, so check which you qualify for.
What is the BoB education loan interest rate?
As of 15 Nov 2026, Bank of Baroda publishes education loan rates of 7.10% to 10.50% a year (floating). The lowest, 7.10%, is for: Top 100 Institutions. The rate you are offered depends on your credit score, income and the loan amount.
What is the EMI on a ₹10 lakh education loan from BoB?
At BoB's lowest published rate of 7.10%, a ₹10 lakh education loan over 7 years costs about ₹15,142 a month, or ₹2,71,895 in interest over the loan. Charges and insurance are extra.
Are BoB loans linked to the repo rate?
Bank of Baroda's repo-linked lending rate (BRLLR) is 8.15% from 8 Oct 2026. Floating retail loans are priced from it, plus a spread fixed when you borrow.
What is BoB's MCLR?
Bank of Baroda's 1-year MCLR is 8.85%, effective 12 Nov 2026. Loans taken between 2016 and 2019 and many business loans are linked to it.
Is BoB cheaper than other banks for a education loan?
Of the 6 banks we read for education loans, BoB's lowest published rate (7.10%) ranks number 4; the lowest is 6.95% at Central. Compare the charges as well as the rate.
Does RateScan get paid by BoB?
No. We take no referral fees, show no ads and don't take loan applications. Every figure is read from the bank's own page, which is linked from every scheme.
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How we collect loan rates
From the bank's own pages. Every figure is read from the lending-rate page the bank publishes, and links back to it. Benchmarks are re-read every day.
A published rate is not an offer. Banks set your rate from your credit score, income, the loan amount and the property or vehicle. We show the range the bank publishes; "7.60% onwards" means the bank gave no top figure.
Benchmark plus spread. A floating loan's rate is the bank's benchmark (its repo-linked rate, or MCLR for older loans) plus a spread fixed when you borrow. When the benchmark moves, your rate moves with it at the next reset.
The EMI is worked out on a reducing balance with monthly instalments: EMI = P × r × (1 + r)n ÷ ((1 + r)n − 1), where r is the yearly rate ÷ 12 and n the number of months. It leaves out processing charges and insurance.
No referral fees. We don't take loan applications or get paid by lenders, so the order is the order.
Independent. No referral fees. Official sources.
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