BOB Loan for Study Abroad: University List

Bank of Baroda (BOB) is a prominent public sector bank offering financial solutions to students facing financial constraints. Bank of Baroda, under its flagship Baroda Scholar Education Loan Scheme, provides funding of up to INR 1.5 crore for students pursuing higher education abroad. To ensure quality and employability, the public bank has prepared a list of approved foreign universities for BOB education loan. Admission to these institutions improves your chances of loan approval and may even qualify you for lower interest rates, minimal margin money, and relaxed collateral norms.

This list includes globally recognized universities ranked in the QS World Rankings, THE Rankings, or accredited by national regulatory bodies. Countries covered under this approved list include the USA, Canada, UK, Germany, Australia, Singapore, and more. This blog will guide you about the Bank of Baroda education loan for abroad university list, eligibility criteria, and how it affects your loan approval.

Key Features of Bank of Baroda Education Loan for Abroad Studies

Planning your abroad studies with the assistance of an education loan abroad can do wonders in your education loan journey. BOB provides numerous loan products to assist students with their dream of studying abroad. However, there is a list of approved foreign universities for education loan BOB that they follow to categorize loan products. 

Eligibility Criteria for BOB Education Loan Abroad Universities

To apply for an education loan in the public sector bank, Bank of Baroda, students are required to fulfill the following eligibility criteria.

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  The student must be an Indian citizen.
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  The minimum age of the student should be 18 years.
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  The student must be enrolled in a recognized university for a professional or technical program via an entrance-based selection process.
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  The institution in which the student is enrolled must fall within the list of approved foreign universities for education loan by BOB.
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  The student must have a good academic history and should meet the minimum academic criteria set by the bank. 
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  The applicant student must have secured good scores in standardized tests like GRE, GMAT, and English proficiency tests like TOEFL, IELTS, etc. 

Unlock your study abroad dreams with Bank of Baroda’s Education Loan! Learn about eligibility, interest rates, and the easy application process in this video.

Understanding the BOB Abroad Education Loan University List

Bank of Baroda categorizes its loan products based on its lists of premier institutions to cater different needs of the students. The approval of a loan, the loan amount, margin requirements, and collateral requirements depend on whether the institution is listed or not. If you are enrolled in an institution on the approved list, it helps you secure higher loan amounts that too at lower interest rates.

These lists are categorized based on fields of study, ensuring that students receive tailored financial support aligned with their academic pursuits. BOB abroad education loan university list includes a range of institutions such as universities, colleges, and technical institutions across various countries. 

Management Courses:

BOB's list for management courses encompasses globally renowned business schools, primarily in the United States and the United Kingdom. Institutions such as Harvard Business School, MIT, Stanford Graduate School of Business, and London Business School are featured in this list. 

STEM Courses:

For students aiming to pursue (STEM) programs, BOB's list includes top-tier universities like the California Institute of Technology (Caltech), Massachusetts Institute of Technology (MIT), and Stanford University. These institutions are recognized for their research and academic excellence in STEM fields.

Medical Courses:

Aspiring medical professionals can refer to BOB's list featuring esteemed institutions such as Johns Hopkins University, Harvard Medical School, and the University of California, San Francisco. These universities are celebrated for their contributions to medical research and education.

Law, Economics and Econometrics, Art, Performing Arts and Design Courses:

For students pursuing creative and analytical disciplines, BOB also has a list of leading global universities. Institutions like the University of Oxford, University of Cambridge, University of Melbourne, and the University of Toronto stand out for their excellence in Law, Economics, Art, Performing Arts, and Design. 

List of Approved Foreign Universities for Education Loan by BOB

The approved list of BOB includes renowned institutions across various countries such as the US, UK, Canada, Australia, and Europe. Top universities like Harvard University, the University of Toronto, and the University of Melbourne are included, along with emerging institutions in Asia. Below is the list of top universities approved by Bank of Baroda. 

Top Universities in the USA:

Top Universities in the UK:

Top Universities in Canada:

Australian and European Universities: Approved List:

How to Check Bank of Baroda Approved Colleges Abroad?

If you looking for financial assistance from the Bank of Baroda, then you must verify whether your chosen college or university falls under the BOB education loan abroad university list or not. You can check your university on their official website or by visiting the branch office.

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  Visit the Bank of Baroda Website: Visit the official website of BOB and navigate to the education loan section to find the list of approved institutions. Download the BOB education loan abroad university list pdf, and look for your university of enrollment.

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  Contact the Bank: You can also reach out to the nearest branch to verify or you can use the helpline of the bank for confirmation. 

Application Process for BOB Education Loan for Abroad Studies

If you want to apply for an education loan in BOB, then follow the below-mentioned steps. 

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  Visit the official website of Bank of Baroda and navigate to the Education loan tab.
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  Click on “Apply Online” to proceed with the application process. 
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  You will be directed to PM-Vidya Lakshmi Portal, a platform that helps you compare and explore various loan options. 
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  Fill out the application form and submit the scanned copy of the required documents. 
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  The bank will review your loan application and once approved, you will receive a sanction letter. 
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  Sign the sanction letter (ensure you read all the terms carefully), and disbursement will take place as per the agreed terms. 

Application Process for BOB Education Loan for Abroad Studies via GyanDhan

You might face difficulties in the application process, and even getting approval for a loan will be challenging. We at GyanDhan, ensure that you have a seamless application process. We negotiate for you the best loan terms that align with your financial needs. Follow the below-mentioned steps to proceed with the loan application process.

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  Visit the official website of GyanDhan and check your eligibility.
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  Once you check your loan eligibility, our education loan counselor (ELC) will contact you and will guide you through the loan application process. 
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  We will provide you with a personalized document checklist.
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  Our loan expert will evaluate your profile and help you secure the best loan terms.
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  You will receive a doorstep pick-up service for your documents, or you will be required to upload them online. 
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  After submission of your loan application, you will receive regular updates from our ELCs about the status of your education loan.
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  Once we get a green signal from the bank, we will ask you for your consent. 
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  After receiving a nod from your side, we will provide you with the sanction letter, and funds will be disbursed as per the loan terms.

Do not let funds hinder your higher education journey. BOB is offering you loans to finance your higher studies abroad. If you feel overwhelmed at any step, connect with us. We provide you with personalized assistance throughout your education loan process. Let’s finance your dream together. 

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