Pick SBI if…
Families with property who want one of the lowest rates in the market
Lender comparison
SBI vs Bank of Baroda: Which Education Loan Is Better?
Comparing State Bank of India (SBI) and Bank of Baroda for a loan to study abroad? Here are the differences that matter — collateral, loan size, rate, co-applicant rules and speed — and how to choose for your profile.
- Side-by-side terms
- EMI comparison
- Who each suits
- Independent advice
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Quick answer
SBI vs Bank of Baroda: Which Education Loan Is Better?
SBI and Bank of Baroda are both public sector banks, so the better choice depends on which one offers your university the higher unsecured amount and the lower spread. Get written offers from both. Choose SBI if families with property who want one of the lowest rates in the market; choose Bank of Baroda if secured loans at public-bank rates.
Ask on WhatsAppUpdated · Reviewed by the Visa Edu Loans loan & visa desk
Official sources: SBI Global Ed-Vantage scheme · Bank of Baroda — Baroda Scholar
Side by side
SBI vs Bank of Baroda at a glance
Indicative terms; confirm the current figures with each lender.
Repayment
EMI on a ₹40 lakh loan over 10 years
Illustrative, at the middle of each lender's indicative range.
Choose
Which one should you pick?
Pick SBI if…
Large loans for expensive degrees (US, UK, Australia)
Pick Bank of Baroda if…
Secured loans at public-bank rates
Pick Bank of Baroda if…
Students at universities on the bank's premier list
Our view
How we'd decide
SBI and Bank of Baroda are both public sector banks, so the better choice depends on which one offers your university the higher unsecured amount and the lower spread. Get written offers from both.
Compare the total cost — EMI × tenure plus fees — not just the headline rate. A lender with a slightly higher rate but no margin money or a faster sanction can still be the right choice if your visa date is close.
You can also take a quicker loan for the visa and refinance later; floating-rate loans to individuals can be prepaid without penalty under RBI rules.
FAQs
Frequently asked questions
Still have a question?
Ask a counsellor directly — we reply on WhatsApp during working hours (Mon–Sat, 9 AM–6 PM IST).
On indicative ranges, SBI usually starts lower, but your actual rate depends on your university, collateral and co-applicant. Compare written offers.
SBI: collateral-free up to ₹50 lakh for select premier institutions on SBI's list; otherwise tangible collateral is required. Bank of Baroda: reported collateral-free up to about ₹40 lakh for premier-list institutions; collateral for others.
Yes. Applying to two or three well-matched lenders within a short window gives you a real comparison and negotiating power.
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