Bank of Baroda Personal Loan: Interest Rates, Eligibility, How to Apply

Bank of Baroda Personal Loan Kaise Le : You can apply online for a personal loan from Bank of Baroda for all your financial needs. 10 lakhs at interest rates starting from 10% p.a. with processing fee up to 2% of the loan amount and can be availed for a tenure of up to 5 years.

Bank Of Baroda Personal Loan Brief Description

loan amount 50,000 to 10 lakh rupees
Rate of interest 10% to 15.60% p.a.
repayment period up to 60 months
Possible lowest EMI Rs 2,125 per lakh
processing fee Up to 2% of the loan amount (Min. 1,000 and maximum Rs. 10,000)
penal interest 2% on overdue amount

Benefits and Features of Bank of Baroda Personal Loan

Some of the attractive features and benefits of Bank of Baroda loan are given below:-

  • The maximum loan amount available for Bank of Baroda personal loan is Rs 10 lakh for metro and urban areas and Rs 5 lakh for rural areas. minimum loan
  • Amount Rs 1 lakh for metro and urban areas and Rs 50,000 for rural and semi-urban areas.
  • Bank of Baroda Personal Low interest rate starts from 10% p.a. and can go up to 15.60% p.a.
  • The repayment period of the loan can be up to 5 years.
  • There is a special personal loan scheme available for doctors.
  • The bank provides quick loan processing and disbursement.
  • Bank of Baroda top up loan facility is also available.
  • Special interest rate for existing customers of the Bank who have an account with Bank of Baroda for at least 6 months.

Bank Of Baroda Personal Loan Interest Rate

Bank of Baroda personal loan interest rate can range between 10.50% to 12.50%. The interest rates for Bank of Baroda Pension Loan ranges between 7.35% to 9.35% p.a.

Comparison between Bank Of Baroda Personal Loan and Other Bank Personal Loan

Bank Maximum loan amount repayment period Rate of interest
Bank Of Baroda 10 lakh rupees 5 years 10.50% to 12.50% p.a.
Punjab National Bank 10 lakh rupees 5 years 8.80% to 11.65% p.a.
State Bank Of India 20 lakh rupees 6 years 9.60% to 15.65% p.a.
Canara Bank 3 lakh rupees 5 years 11.25% to 13.90% p.a.
UCO Bank 10 lakh rupees 5 years 10.30% to 10.55% p.a.

Bank Of Baroda Personal Loan Eligibility Criteria

You must fulfill the following criteria to be eligible:-

  • Employees of Central or State Government, Public Limited Companies, MNCs and Educational Institutions should have minimum 1 year continuous service.
  • Employees of Proprietorship, Private Limited Companies, Partnership Firms and Trusts with continuous service of at least 1 year.
  • Insurance agents who are doing business for at least last 2 years.
  • Self-employed professionals (including Doctors, Architects, Interior Designers, Practicing Company Secretaries, Technology and Management Consultants) who have at least 1 year of stable occupation.
  • Self-employed individuals having stable business of minimum 1 year.
  • Applicants must be at least 21 years of age.
  • The maximum age to apply for Bank of Baroda personal loan is 60 years for salaried and 65 years for non-salaried individuals at the time of loan maturity.

Documents Required for Bank of Baroda Personal Loan

If you are looking for Bank of Baroda personal loan then apply with following documents:-

  • Completely filled and signed application form
  • 3 recent passport size photographs
  • Last 6 months bank statement and updated passbook
  • Residence Proof (any one): Voter ID Card / Passport / Driving License / Updated Passbook / Bank Account Statement / Postpaid Utility Bill (Gas & Electricity)
  • Identity Proof (any one): Passport / PAN Card / Driving License / Voter ID Card
  • Income Proof for Salaried Individuals : Salary slip/Form 16/ITR for last 3 months
  • Income Proof for Self Employed Individual : Balance Sheet, Profit and Loss Account, and Income Computation of last 2 years / ITR of last 2 years

Fill your details by clicking on the link given below to apply for Bank of Baroda Personal Loan online.

For any query related to Bank of Baroda loan, you can dial the number given below:

Toll-Free Number: 1800 258 4455

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