25 Years Expertise

2 lacs + Customers

7500 + Crores Disbursed

Personal Loan APR Starts from 11.99% to max 20% | Loan Tenure from 1 - 5 Years
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Personal Loans with Bank of Baroda , Apply In Good Rates

Apply for Bank of Baroda Personal loan at lower Interest rate

Bank of Baroda is an Indian state owned bank headquartered in Vadodara in Gujarat. Bank of baroda has a extensive network of 5306 branches, over 8000 ATMs and its presence in 24 countries across the globe.

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Bank of Baroda offers the personal loan to the following entities:

Permanent confirmed employees of Central/State Government, employees of

Reputed Limited companies, MNC, Public sector undertaking companies, Educational Institutes

They should have had minimum 1 year experience

Self employed Professional:

  • Doctors, Architects, Interior designers, Engineers, Chartered accountants, Technical and Management Consultants, practicing company secretaries with the stable income
  • They should have had minimum 1 year work experience
  • Insurance Agents Subject to:
  • The agent is doing insurance for last five years
  • The agent has stable income and maintaining SB A/C with us for crediting commission cheques received from the their principal amount

Age Limit:

  • Minimum age limit: 21 years old
  • The loan applicant age should not cross the retirement age.

CATEGORY- A (with Check Off)

CATEGORY- B (without/partial Check Off)

Loan Amount:

  • Minimum Amount: Rs. 50,000
  • Maximum Loan Amount: Rs. 200 000 (Subject to conditions)
  • For civil Pensioners: Maximum of Rs. 1 Lakh
  • For Defense Pensioners: Maximum of Rs 2 lakhs

Minimum Monthly net Take Home

  • For Category A: Minimum monthly net take home should be Rs.10, 000
  • For Category B: Minim monthly net take home should be above Rs.15, 000

Loan Limit:

  • For Category A: Rs. 10 lacs or 24 times monthly net income whichever is lower
  • For Category B: Rs 5.0 Lacs or 24 times of monthly net take home whichever

Repayment Capacity:

  • Total deductions that are total EMI should not cross the 60% of the monthly gross Income. Deductions include income tax, PF, Professional tax, EMI of existing borrowing and any other liabilities if any.

Repayment Option:

  • Up to 36 months in equated monthly installments
  • No Prepayment charges
  • Penalty of 2% overdue amount

Personal loan Details:

  • Personal loan Interest rate: 14.15%
  • Processing fee: Rs 500 to 2 %
  • Loan tenures: 3 years

Documents required for Personal loan in bank of Baroda

Proof of identity:

  • Passport, Voter’s ID, Driving license, PAN card
  • Recent passport size photograph

Address Proof:

  • Ration card, Electricity bill, Sales tax certificate, trade license and Lease agreement.
  • Salary slips for the last three months of the applicant for salaried person
  • Bank statement for the last three months
  • Latest IT return for 2 Years for salaried Professionals, businessmen, self employed applicant

If you would like to know more about bank of Baroda personal loan, get in touch with us.