Bank of Baroda Education Loan EMI Calculator
Pick one of the 6 Bank of Baroda education loan schemes we read from the bank's own website, or type the rate you are offered. Add the course length and grace period to see the interest that builds up before EMIs start.
Official Rate Formula & Benchmark:
EMI = P × r × (1 + r)^n ÷ ((1 + r)^n − 1), where P is what you owe when the moratorium ends and r is the monthly rate.
Current official starting rate: 9.20% p.a. (Range: 9.20% – 10.70% p.a.). Read from Bank of Baroda's own website; your rate depends on your profile.
Borrowing ₹10,00,000 at 9.2% with a moratorium of 3 years, ₹2,76,000 of interest is added to the loan before EMIs start. You then owe ₹12,76,000, an EMI of ₹16,302 for 10 years, and ₹9,56,292 in total interest.
Picking a lender fills in its lowest published figure for that scheme. Your rate depends on your profile, course or vehicle, and can be higher. Compare all education loan rates
Bank of Baroda · Public sector bank
Baroda Scholar (study abroad), other institutions
9.2%–10.7% (the calculator uses the lower figure)
The lender’s rate column did not load; this is our sum of its published benchmark and spread.
Concession for girl students / women: 0.20% for non-premier institutes
Processing fee: No Processing Charge up to Rs.7.50 Lakh; 1% (Max.10,000/-) above Rs 7.50 lakh (refund stated for premium institutions)
Effective: 8 Oct 2026 · Last verified 21 Oct 2026 · Lender’s rate page
The amount disbursed. Interest during the moratorium is worked out for you.
Check your sanction letter for the exact repayment holiday.
Interest during the moratorium
Assumption: Bank of Baroda's rate page we read does not say how it charges interest during the moratorium. If interest compounds monthly instead, the moratorium interest would be ₹3,16,461.
Your tax slab (old regime)
Plus 4% cess. Surcharge is not included.
EMI after moratorium
₹16,302
for 10 years, from month 37
Moratorium interest
₹2,76,000
over 3 years, added to the loan
Owed when EMIs start
₹12,76,000
Total interest
₹9,56,292
₹6,80,292 in EMIs + ₹2,76,000 moratorium
Total payment
₹19,56,292
Est. 80E tax saving
₹2,01,288
old regime, 30% slab + cess, 8 years
Amount borrowed vs interest
- Principal
- 51.1%
- ₹10,00,000
- Total interest
- 48.9%
- ₹9,56,292
Section 80E estimate by year
| Year | Interest paid | Tax saved |
|---|---|---|
| Year 4 | ₹1,14,007 | ₹35,570 |
| Year 5 | ₹1,06,174 | ₹33,126 |
| Year 6 | ₹97,588 | ₹30,448 |
| Year 7 | ₹88,179 | ₹27,512 |
| Year 8 | ₹77,866 | ₹24,294 |
| Year 9 | ₹66,564 | ₹20,768 |
| Year 10 | ₹54,177 | ₹16,903 |
| Year 11 | ₹40,601 | ₹12,667 |
| Year 12 | ₹25,721 | Outside limit |
| Year 13 | ₹9,414 | Outside limit |
Years are 12-month periods from the first disbursement, not financial years. Interest added to the loan during the moratorium is repaid inside the principal part of later EMIs; this estimate counts only interest you pay as interest, which is what your lender’s interest certificate shows. The saving also needs enough taxable income to absorb the deduction. ₹35,136 of interest falls after the 8-year window.
Compare repayment tenures
| Tenure | EMI | Interest in EMIs |
|---|---|---|
| 5 years | ₹26,612 | ₹3,20,697 |
| 7 years | ₹20,659 | ₹4,59,405 |
| 10 years | ₹16,302 | ₹6,80,292 |
| 15 years | ₹13,094 | ₹10,81,033 |
Amortisation Schedule
How each instalment splits between interest and principal over time.
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EMI
₹16,302
Bank of Baroda education loan schemes
6 schemes, each read from Bank of Baroda's own website. Pick any of them in the calculator above.
Premier institutions in India
7.1% – 10.15%
Benchmark + spread, our sumOnly for listed/rated institutesIndia
- Girl students / women
- None for premier institutes
- Benchmark
- BRLLR 8.15% -1.05% to +2.00%
- Processing fee
- NIL processing Charges for premier institute.
- Effective
- 8 Oct 2026
- Source
- Bank of Baroda's page ↗ · fee page ↗
- Last verified
- 21 Oct 2026
Rates are BRLLR 8.15% plus the published spread: the page's own 'Effective Rate of Interest' column does not render. The product page says 'Interest rates starts from 6.85%*', which uses an older BRLLR; the dated table is used. Extra 0.10% if no life cover on loans above ₹7.5 lakh. Collateral-free up to ₹40 lakh.
PM-Vidyalaxmi
7.1% – 8.65%
Benchmark + spread, our sumOnly for listed/rated institutesIndiaPM-Vidyalaxmi
- Benchmark
- BRLLR 8.15% -1.05% to +0.50%
- Processing fee
- Not published on the page we checked
- Effective
- 8 Oct 2026
- Source
- Bank of Baroda's page ↗
- Last verified
- 21 Oct 2026
Rates are BRLLR 8.15% plus the published spread (the page's effective-rate column does not render).
Baroda Scholar (study abroad), premier institutions
8.7%
Benchmark + spread, our sumOnly for listed/rated institutesAbroad
- Girl students / women
- None for premier institutes
- Benchmark
- BRLLR 8.15% + 0.55%
- Processing fee
- 1% Processing Charge (Max.10,000/-) recovered upfront for Loan above Rs.7.50 Lakh will be refunded on availment of Loan (first disbursement) for premium institutions. No Processing Charge up to Rs.7.50 Lakh
- Effective
- 8 Oct 2026
- Source
- Bank of Baroda's page ↗ · fee page ↗
- Last verified
- 21 Oct 2026
Baroda Scholar (study abroad), other institutions
9.2% – 10.7%
Benchmark + spread, our sumAbroad
- Girl students / women
- 0.20% for non-premier institutes
- Benchmark
- BRLLR 8.15% + 1.05% to 2.55%
- Processing fee
- No Processing Charge up to Rs.7.50 Lakh; 1% (Max.10,000/-) above Rs 7.50 lakh (refund stated for premium institutions)
- Effective
- 8 Oct 2026
- Source
- Bank of Baroda's page ↗ · fee page ↗
- Last verified
- 21 Oct 2026
Up to ₹7.5 lakh 10.15%; above ₹7.5 lakh 9.20% (Canada 10.70%).
Baroda Skill Loan
9.65%
Benchmark + spread, our sumOnly for skill coursesSkill course
- Benchmark
- BRLLR 8.15% + 1.50%
- Processing fee
- Not published on the page we checked
- Effective
- 8 Oct 2026
- Source
- Bank of Baroda's page ↗
- Last verified
- 21 Oct 2026
Baroda Gyan (study in India)
10.05% – 10.15%
Benchmark + spread, our sumIndia
- Girl students / women
- 0.50% for female students
- Benchmark
- BRLLR 8.15% + 1.90% to 2.00%
- Processing fee
- No processing charges up to Rs.7.50 Lakh
- Effective
- 8 Oct 2026
- Source
- Bank of Baroda's page ↗ · fee page ↗
- Last verified
- 21 Oct 2026
Up to ₹7.5 lakh (no security) BRLLR + 2.00% = 10.15%; above ₹7.5 lakh 10.05%.
The rate you are offered depends on the bank's assessment and can be higher than the starting rate. Compare education loan rates across lenders →
Bank of Baroda education loan (study abroad) rates
Verified on 21 October 2026 from Bank of Baroda's site ↗
- Starting from
- 9.2% p.a.
- Published range
- 9.2% – 10.7%
- Processing fee
- Baroda Scholar (study abroad), other institutions: No Processing Charge up to Rs.7.50 Lakh; 1% (Max.10,000/-) above Rs 7.50 lakh (refund stated for premium… Full terms on the bank's page
The rate you are offered depends on your credit score, income and employer and can be higher than the starting rate. RBI rules do not allow foreclosure or part-prepayment charges on floating-rate loans to individuals (other than for business purposes).
How Bank of Baroda compares
Bank of Baroda's education loan starting rate of 9.2% is the 2nd lowest of 18 banks with a verified rate. The lowest is Bank of Maharashtra at 8.8%, and the median is 10%.
- Bank of Baroda
- ₹12,776
- Bank of Maharashtra
- ₹12,560
- Median bank
- ₹13,215
Monthly EMI on ₹10,00,000 on a 10-year loan, at each bank's starting rate. Your own rate depends on the bank's assessment.
Rate Verification & Official Notice
9.20% p.a.
9.20% – 10.70% p.a.
Baroda Scholar (study abroad), other institutions: No Processing Charge up to Rs.7.50 Lakh; 1% (Max.10,000/-) above Rs 7.50 lakh (refund stated for premium… Full terms on the bank's page
Applicable Conditions & Eligibility Factors:
- The lowest rate open to all students the bank publishes (study abroad); lower rates for listed institutes, specific courses or with collateral are not used. Your rate depends on the course, the institution and the co-borrower's credit profile
Source: Bank of Baroda education loan rates (official)
Rates subject to borrower risk-grade & RBI regulatory changes.How It Works
- 1Choose a Bank of Baroda scheme: its rate, processing fee, effective date and source fill in.
- 2Enter the course length and the grace period after it; together they make the moratorium.
- 3Bank of Baroda's own page says it charges simple interest during the moratorium (Baroda Education Loan to Students of Premier Institutions); the calculator quotes it with the source.
- 4The EMI is worked out on what you owe when repayment starts, and interest paid is estimated year by year for Section 80E (old tax regime).
Key Factors Influencing Your Rate
- •Where you study: Bank of Baroda publishes separate rates for courses in India and abroad.
- •PM-Vidyalaxmi: Bank of Baroda has a separate rate for students at institutions covered by the scheme, set by the institution's tier.
- •Skill and vocational courses have their own scheme.
- •Girl students: Bank of Baroda publishes a concession on some schemes (see the table).
- •Some Bank of Baroda rates come with conditions (only for skill courses); they are tagged in the table, and the calculator starts on a rate open to all.
- •Some Bank of Baroda rates are only for students at institutes on the bank's list or in its rating categories (Premier institutions in India; PM-Vidyalaxmi; Baroda Scholar (study abroad), premier institutions); they are tagged in the table, and the calculator starts on a rate open to all students.
- •Your institution, course, co-borrower's income and credit score decide where in the range you land.
PM-Vidyalaxmi: interest subvention
- 3% interest subvention during the moratorium on loans up to ₹10,00,000, for students with annual family income up to ₹8,00,000 who get no other government scholarship or subvention. It goes to one lakh students a year, and from the second year it depends on satisfactory academic performance.
- Collateral-free and guarantor-free loans for admission to qualifying institutions (top 100 in NIRF rankings, state government institutions ranked 101-200, and central government institutions) through merit-based admission.
- A 75% credit guarantee for loans up to ₹7,50,000.
- Rates are capped at the bank’s external benchmark lending rate (EBLR) + 0.5%. Repayment up to 15 years after the moratorium (course period + 1 year).
- Under the related CSIS scheme, students with family income up to ₹4,50,000 on technical or professional courses get full interest subvention during the moratorium on loans up to ₹10,00,000.
The calculator does not deduct the subvention, because the official pages do not say how it is worked out. Apply and check eligibility on the official PM-Vidyalaxmi portal. Figures from PIB: Cabinet release, 6 Nov 2024, Lok Sabha reply, 27 Jul 2026 and press note, 29 Jul 2026; checked 21 Oct 2026.
Section 80E: what we confirmed
- The deduction is the interest paid on a loan for higher education of yourself or a relative, with no rupee limit. Principal repayment does not count.
- Available only under the old tax regime. It is not in the income tax portal’s new regime list.
- The loan must come from a financial institution or an approved charitable institution.
- Individuals only; HUFs cannot claim it.
- The 8-year limit is in the Act itself. We could not open the Act text on an official site, so it is shown as unverified and you can switch it off above.
The Income-tax Act, 1961 was repealed on 1 April 2026 and replaced by the Income-tax Act, 2025; the AY 2026-27 return pages still use the 80E name. Sources: income tax portal, deductions for AY 2026-27, ITR-4 instructions, ITR-2 instructions and new Act FAQ; checked 21 Oct 2026.
Worked Numerical Example: Bank of Baroda Education Loan EMI Calculator
For a ₹10,00,000 loan at the starting rate of 9.2% a year, with a 24-month course and a 12-month grace period, simple interest of ₹2,76,000 builds up before repayment starts, so ₹12,76,000 is repaid over 10 years (120 months). The EMI is ₹16,302, with total interest of ₹9,56,292. If you pay the interest while you study, the EMI is lower; the calculator above shows each option.
Frequently Asked Questions: Bank of Baroda Education Loan EMI Calculator
- What is Bank of Baroda's education loan (study abroad) interest rate?
- Bank of Baroda publishes education loan (study abroad) rates starting from 9.2% a year (up to 10.7%), checked on 21 October 2026. The rate you are offered depends on your credit score, income and employer. Processing fee, in the bank's words: Baroda Scholar (study abroad), other institutions: No Processing Charge up to Rs.7.50 Lakh; 1% (Max.10,000/-) above Rs 7.50 lakh (refund stated for premium… (abridged; the full terms are on the bank's page)
- Which Bank of Baroda education loan schemes does this calculator cover?
- Premier institutions in India; PM-Vidyalaxmi; Baroda Scholar (study abroad), premier institutions; Baroda Scholar (study abroad), other institutions; Baroda Skill Loan; Baroda Gyan (study in India). Each rate was read from Bank of Baroda's own website; the table lists the source, effective date and date checked.
- How does Bank of Baroda charge interest during the moratorium?
- In Bank of Baroda's own words (Baroda Education Loan to Students of Premier Institutions): "Simple interest to be charged at monthly rests during the repayment holiday/moratorium period. ... The accrued interest during the repayment holiday period to be added to the principal and repayment in Equated Monthly Instalment (EMI) be fixed."
- Is Bank of Baroda's processing fee included in the EMI?
- No, a Bank of Baroda loan EMI covers principal and interest only. Bank of Baroda's processing fee, in the bank's own words, is listed against each scheme in the scheme table; it is usually paid upfront or deducted from the amount disbursed.
- Can I claim Section 80E on a Bank of Baroda education loan?
- Section 80E covers the interest (not the principal) on an education loan from a bank, under the old tax regime. The calculator estimates the saving from the interest you pay each year; see the Section 80E notes and official sources on the education loan EMI calculator.
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