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Baroda Education Loan for EDP Being Offered by Premier Institutions in India
While advanced job calls for specific knowledge, the expense can be a huge obstacle. Many professionals look for Executive Development Programs (EDPs) to improve their competencies, however financing such courses is not always easy. TheBaroda Education Loan for EDP, provided by top Indian universities, offers organised financial aid to help professionals fund these initiatives. This alternative helps reduce the financial load of further study with loan amounts of up to ₹20 lakhs available without collateral and a 15-year repayment period.
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- Baroda Education Loan for EDP Being Offered by Premier Institutions in India
About the Scheme
Baroda Education Loan for EDP from Bank of Baroda helps working professionals in executive development initiatives. This loan enables one to pay for courses provided by top universities throughout India, including those given via technological platforms. More professionals depend on the financial support of higher education since education loans grew last fiscal year by around ₹14,000 crore.
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Loan Amount
₹
- ₹10 K
- ₹1,00,000
- ₹5,00,000
- ₹10,00,000
- ₹50,00,000
- ₹1,00,00,000
- ₹2,00,00,000
- ₹4,00,00,000
- ₹6,00,00,000
- ₹8,00,00,000
- ₹10 Cr
Interest Rate
%
- 1%
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- 13
- 14
- 16
- 17
- 18
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- 21
- 22
- 23
- 24
- 26
- 27
- 28
- 29
- 30%
Loan Tenure
Yrs
- 1 Yr
- 2
- 3
- 4
- 6
- 7
- 8
- 9
- 11
- 12
- 13
- 14
- 16
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- 18
- 19
- 21
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- 24
- 26
- 27
- 28
- 30 Yrs
Total Interest
Principal Amount
Rate of Interest
The Baroda Education Loan for EDP offered by Premier Institutions in India offers both floating and fixed interest rates, ensuring flexibility based on your needs.
| Category | Floating Interest Rates | Fixed Interest Rates |
| A | Starts at 7.90% (ABRLLR - 1.00%) | Starts at 9.90% (ABRLLR + 1.00%) |
| B | Starts at 9.50% (BRLLR + 0.60%) | 11.40% for loans up to ₹7.50 lakh 11.50% for higher amounts |
| C | Starts at 9.70% (BRLLR + 0.80%) | 11.40% for loans up to ₹7.50 lakh 11.70% for higher amounts |
Features of the Scheme
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Tenure of Flexible Loans: You have fifteen years to pay back.
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Collateral Requirements: Depend on the loan value:
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Up to ₹20 lakhs just co-obligation and future income assignment; no collateral.
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Above ₹20 lakhs; needed future income assignment and 100% collateral.
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It is accessible to resident Indians who have paid admittance and work during the course.
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The child education allowance benefit provides an added incentive.
Eligibility of the Scheme
You must fit the following requirements to be eligible for this loan:
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Executive Development Programmes (part-time, weekend, or online) provided by top Indian universities mentioned under AA, A, B & C are eligible courses.
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Residency Requirements: Applicant has to be an Indian citizen.
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Admission requirements require obtaining it in a professional or technical course at an Indian premier university.
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Employment Status: Has to be presently working and keep on throughout the course.
Documents Required for Baroda Education Loan for EDP Offered by Premier Institutions in India:
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KYC records of the applicant and co-applicants cover identity and address proof.
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Academic records including certificates, mark sheets, and other pertinent learning materials.
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Proof of entrance to the course and admission confirmation are required.
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Entrance Exam Result: Depending on the program, necessary if any
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Course Expenses: Statement of study expenses.
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Salary slips or job letters for income and employment proof.
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The bank account statement for the last six months.
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Should collateral be needed, we refer to property documentation.
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Invest ₹10K/Month YOU GET ₹1 Crores* For Your Child
Invest ₹8K/Month YOU GET ₹80 Lakhs* For Your Child
Invest ₹5K/Month YOU GET ₹50 Lakhs* For Your Child
Standard T&C Apply *
Most Important Terms and Conditions
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You can borrow up to ₹20 lakhs and repay within 10-15 years after the moratorium period (course duration + 3 months).
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The loan covers tuition fees, books, and equipment. However, living expenses, coaching fees, and child education allowance aren't included.
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No collateral for loans up to ₹15 lakhs. Above ₹4 lakhs, a 5% margin applies.
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Processing Fees: ₹7,500 (only if mortgaged).
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Funds are paid directly to institutions or vendors. Interest payments qualify for deductions under Section 80E.
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This loan is intended for Executive Development Programs and is not applicable to a child investment plan.
FAQs
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What is an EDP education loan?
A loan designed for professionals enrolling in Executive Development Programmes (EDPs) at premier Indian institutions. -
What is the loan limit under this scheme?
Part-time, weekend, and online Executive Development Programme courses from Hughes Global Education or Times Pro. -
How much money can be borrowed under this scheme?
In the case of loans in India, it is up to ₹20 lakhs and ₹80 lakhs for any international school. -
What is the maximum amount to be obtained as an education loan without collateral?
A loan up to ₹15 lakhs can be availed without any collateral. -
Can the Baroda Education Loan for EDP be part of a child education plan?
No, the Baroda Education Loan for EDP is specifically for professionals pursuing Executive Development Programs, not for a child education plan. -
Can I avail of the tax benefit for this loan?
Yes, the interest paid on this loan is allowed as a deduction under Section 80E. You can also use the income tax calculator to estimate your savings. -
What expenses does the loan cover?
It covers tuition fees, books, and study materials but excludes living expenses and child education allowance.
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˜The insurers/plans mentioned are arranged in order of highest to lowest first year premium (sum of individual single premium and individual non-single premium) offered by Policybazaar’s insurer partners offering life insurance investment plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in
*All savings are provided by the insurer as per the IRDAI approved insurance
plan.
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
#The investment risk in the portfolio is borne by the policyholder. Life insurance is available in this product. The maturity amount of Rs 1 Cr. is for a 30 year old healthy individual investing Rs 10,000/- per month for 30 years, with assumed rates of returns @ 8% p.a. that is not guaranteed and is not the upper or lower limits as the value of your policy depends on a number of factors including future investment performance. In Unit Linked Insurance Plans, the investment risk in the investment portfolio is borne by the policyholder and the returns are not guaranteed. Maturity Value: ₹1,05,02,174 @ CARG 8%; ₹50,45,591 @ CAGR 4%
+Returns Since Inception of LIC Growth Fund
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.