होम  »  बैंकिंग  »  Loans  »  Personal Loan  »  Bank Of Baroda Personal Loan

Bank Of Baroda Personal Loan

Loan Name Interest Rate Processing Fee Loan Amount Tenure
Baroda Personal Loan One year MCLR +SP+3.00% to One year MCLR +SP+ 6.00% (As per Risk Rating of the applicant/s.) Rs 1,000 - Rs 10,000, One time fee 2,00,000 5 years
Documents Required

  • Duly Filled in Loan application form
  • PAN Card
  • Recent Passport size photographs (2 copies)
  • Identity Card of Employer
  • Proof of Identification (Any One): Passport/ PAN/ Election ID Card/ Driver’s License
  • Proof of Residence or Address (Any One): Aadhar Card/ Driving License/ Utility Bills including water bill, electricity bill, LPG bill, telephone bill/ Passport

  • Bank of Baroda Personal Loans provides more flexibility as one can secure loans for renovating the home, for higher education purpose, travelling, medical expenses, wedding and so on. 
  • No Hidden Charges 
  • Low Processing Fees 
  • Low-Interest rates 
  • Administrative charges are Nil

  • The minimum age of the applicant should be 21 years 
  • The maximum age of the applicant should be 60 years for salaried individuals and 65 years in case of non-salaried individuals.
  • Employees who are working in Central or State Government or Public or Joint Sector Undertakings or Autonomous Bodies or Public Limited
  • Companies or MNCs and educational institutions who have a minimum continuous service of one year.
  • Insurance Agents who are doing business for a minimum of 2 years
  • Employees of partnership firms, proprietorship, trust, private limited companies with a minimum continuous service of 1 year
  • Self-employed business persons with a minimum 1-year stable business
  • Self-employed professionals like interior designers, engineers, doctors, technicians, management consultants, practising company
  • secretaries, architects who have a minimum one year of stable business.
Other Details

  • Charges on the loan are 2% of the loan amount.
  • The minimum amount of processing fee is Rs 1,000
  • The maximum amount of processing fee is Rs 10,000
  • The semi-urban areas individuals can avail a personal loan of Rs 50,000 – Rs 5 lakhs.
  • The applicants who reside in metros and urban areas can avail a personal loan between Rs 1 lakhs – Rs 10 lakhs (based on the requirements).
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