Bank of baroda personal loan
Bank of Baroda offers a wide range of retail loans to meet your diverse needs. Whether the need is for a new house, child’s education, purchase of a new car or home appliances, our unique and need specific loans will enable you to convert your dreams to realities.
About
It is a story scripted in corporate wisdom and social pride. It is a story crafted in private capital, princely patronage and state ownership. It is a story of ordinary bankers and their extraordinary contribution in the ascent of Bank of Baroda to the formidable heights of corporate glory. It is a story that needs to be shared with all those millions of people – customers, stakeholders, employees & the public at large – who in ample measure, have contributed to the making of an institution.
To be a top ranking National Bank of International Standards committed to augmenting stake holders’ value through concern, care and competence.
Bank of Baroda offers a wide range of loans to meet your diverse needs. Whether the need is for a house, child’s education, our unique and need specific loans will enable you to convert your dreams to realities.
HomeLoan
Turn your dream of owning a home into reality with Bank of Baroda Home Loans. Whether you are buying an apartment, constructing a house or renovating your home, we have the right Home Loan for you. Apply online for your Bank of Baroda Home Loan today!
Personal Loan
Personal loans from Bank of Baroda offer a quick and easy solution to all your urgent financial needs. Whether you need funds for a medical emergency in your family, your sibling’s wedding, or to renovate your home, a personal loan can finance all your requirements. Personal loans have many advantages over other forms of credit, such as credit cards and informal loans from friends, family members.
Personal loans from Bank of Baroda offer a quick and easy solution to all your urgent financial needs and have many advantages over other forms of credit, such as credit cards and informal loans from friends, family members or untrustworthy financiers.
Additional concession up to 0.50% on Personal Loan if applied through Digital Mode.
Benefits
- Emergency fund
- Advantage over credit cards
- No strict credit limits
- Pay via cheque, bank transfer or cash
- Extended timelines for repayment
- Longer Tenures
- Flexible usage of funds
- Easy Top UpLoans
- Higher borrowing amount
Baroda Personal Loan : Features
To apply for a personal loan, applicants can be employees of government bodies or private companies with minimum continuous service of one year. Similarly, self-employed professionals or business persons who want to apply for personal loans need to have their business or practice for at least one year.
Applicants need to be at least 21 years of age to be eligible for a personal loan, while co-applicants are not allowed. The maximum age to apply for personal loans is 60 years for salaried and 65 for non-salaried persons at the end of the repayment period.
Maximum Rs.20.00 lakhs (it is linked with borrower’s occupation and account relationship with Bank). Minimum Rs.1.00 lakh for Metro & Urban Branch Rs.0.50 lakh for Rural & Semi-Urban Branch
The processing charges for personal loan are calculated as
For Govt. Employees who maintain salary account with Bank of Baroda: NIL
For others: it ranges from 1.00% of loan amount to 2.00% plus GST, subject to
Mini. Rs.1,000+GST
Max. Rs.10,000+GST
Eligibility Borrowers
Employees of central/state Government/autonomous bodies/public/joint sector undertakings, public limited companies/MNCs & educational institutions with minimum continuous service for 1 year.
Employees of proprietorship, partnership firms, private limited companies, trust – with minimum continuous service for 1 year.
Insurance agents doing business for minimum of last 2 years.
Self-employed professionals (doctors, engineers, architects, interior designers, tech. and management consultants, practicing company secretaries, etc.) with minimum 1 year stable business.
Self-employed business persons with minimum 1 year stable business.
Staff members and NRI/PIO are not eligible
Baroda Personal Loan : Documents Required
Completely filled loan application along with 3 passport sized photographs along with Form 135 giving details of Assets and Liabilities of the applicant.
- Bank statement for the last six months and updated passbook.
- Proof of residence includes any of the following:
- Valid passport
- Voter id card
- Driving license
- Postpaid utility bill (gas bill and electricity bill)
- Updated passbook or bank account statement
- Registered rent agreement
Get easy loan from Bank of Baroda offer a quick and easy solution to all your urgent financial needs.
Whether you need funds for a medical emergency in your family, your sibling’s wedding, or to renovate your home, a personal loan can finance all your requirements.
Personal loans have many advantages over other forms of credit, such as credit cards and informal loans from friends, family members or untrustworthy financiers.
Most salaried persons, self-employed and professionals can apply for personal loans. With attractive interest rates, minimal documentation and speedy processing, Bank of Baroda offers among the best personal loans today.
The personal loan amount varies by location. In metro and urban areas, the loan amounts can range from Rs.1 lakh to Rs.10 lakh. In semi-urban and rural areas, the personal loan amount varies from Rs.50,000 up to Rs.5 lakh.
Applicants need to be at least 21 years of age to be eligible for a personal loan, while co-applicants are not allowed. The maximum age to apply for personal loans is 60 years for salaried and 65 for non-salaried persons at the end of the repayment period.
Additionally, you need to pay your credit card bill by the due date, but you can repay a personal loan over a period of time with pre-determined EMIs.
Apply easy loan with less documents from the official website of bankofbaroda.in
Apply personal loan from the official website “CLICK HERE“