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Hughes Education
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If you are caught up in your career & not in a position to take a break for upgrading your skills, this programme from IIMK is a God sent gift for you! Thank you Hughes Education!

Loan Partner


Education Loans for Executive Development Programmes (Part Time/Weekend/Online Programmes) being offered by Premier Institutions in India as listed under List A of “Baroda Education Loan to Students of Premier Institutions”



Guidelines for Executive Development Programmes /Part Time /Weekend/Online Programmes

Courses eligible

Executive Development Programmes /Part Time /Weekend /Online courses / programmes being offered by Premier Institutions as listed under List A of Premier Institutions in India) (Including the programmes offered using the technology platform of Hughes Global Education)

Student eligibility

  • Should be Resident Indian.
  • Secured admission in professional / technical courses in India conducted by Premier Institutions as listed in List A
  • Should be gainfully employed and would continue to be in gainful employment during study.

Applicant / co-applicant

  • Single Applicant. Co-obligation of parents / guardian is not required
  • Assignment of existing / future income of the student

Loan Limit

Maximum Rs. 20.00 Lakh

Coverage of expenses

  • All Expenses as per existing scheme except the Living Expenses, Hostel Charges, Mess Charges, other living expenses and Cost of external coaching/tution


  • Collateral Free Loan upto Rs. 15.00 Lakh


  • 100 % Collateral Security for Loan above Rs. 15.00 Lakh for full value of loan


5 % of the Total Expenses

Moratorium Period

Course period + 3 months

Rate of Interest

  • Upto Rs.15.00 Lacs : 1 year MCLR+ Strategic Premium+ 0.25%


  • Above Rs.15.00 Lacs : 1 year MCLR + Strategic Premium


Servicing of interest

Servicing of interest during the moratorium period will be compulsory.


  • Loan to be granted to only applicants having CIBIL Score above 725, -1 and 0.


  • Loan to Applicants having CIBIL Score below 725 are not be considered.


For Salaried:

Loan Amount (Rs. In Lakh)

Minimum Gross Monthly Income (Rs.)

>15 upto 20


>10 upto 15


>5 upto 10


Upto 5.00


For Self Employed:

Loan Amount (Rs. In Lakh)

Minimum Gross Annual Income (Rs. In Lakh)

>15 upto 20


>10 upto 15


>5 upto 10


Upto 5.00



  • In case of Salaried Persons, Salary Slip of Last drawn Salary should be considered


  • In case of Self Employed, Latest ITR should be considered

Unified Processing  Charges

NIL for all cases.

A non refundable Lump sum amount Rs.7, 500/- per property (towards Advocate and Valuer charges) to be taken upfront in case of all Education Loan accounts, wherever property is mortgaged.


Check List for Education Loan


Education Loan Application Form


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