Education forms an integral cog in the cycle of life. However, in today’s world, quality education right from the primary level to higher studies is a costly proposition. To solve this burden of student and their families, banking institutions have taken a crucial step by lending education loans that will help the students in this noble pursuit of pursuing higher studies from recognized educational institutions within the country or abroad. Bank of Baroda is one such banking institution among the many offering education loans in India.
Bank of Baroda was established in the year 1908 and is an Indian government owned banking and financial service organisation. It is also the second largest bank in India in terms of credits. Under its range of loan products is the Bank of Baroda education loan. It helps students looking to pursue quality education from educational institutions in India or abroad. Keeping in mind this need, Bank of Baroda offers various schemes for education loans to students for pursuing higher education either in India or in a foreign country. Let us look at the various types of education loans offered by the bank.