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Bank of Baroda Personal Loan Details

Bank of Baroda 3.75 / 5.04 users

The Bank of Baroda (BOB) is the second largest nationalised bank in India. Headquartered in Vadodara, Gujrat, the bank was founded in 1908. It received the status of being ‘nationalized’ in 1969. Since then, it has been offering a comprehensive rate of banking services complying with all the financial needs of its customers. The Bank of Baroda personal loan is one of the best options for people to meet huge personal expenses such as home renovation, wedding, child’s education, etc.

Bank of Baroda Personal Loan Details Updated on
Loan Amount Rs.10,0000 to Rs.10,00,000
Loan Tenure 5 Years
Interest Rate 11.35% to 16.35%

Why Choose Bank of Baroda Personal Loan?

  • The advantage of this loan is its same interest throughout the duration.
  • Simple documentation is needed and the personal loan in BOB then gets processed faster.
  • The customers can pay off the loan in easy instalments every month and can repay it via auto debit or PDC or ECS.
  • You can check out Bank of Baroda Personal Loan eligibility and Bank of Baroda Personal Loan EMI calculator at

Features and Benefits of Bank of Baroda Personal Loan provides all the information about BOB Personal Loan.

  1. Zero repayment fees
  2. There is no fee on the rebate of the personal loan if done earlier than the due date. Thus, a person can repay the amount as soon as he accumulates it and get rid of the financial liability towards the bank.

  3. Instant processing of loans
  4. The loan processing time has reduced, and one can get their applications processed instantly. One now doesn’t require waiting for a number of days to get the loan approved and sanctioned. Thus, one can meet their urgent needs with the personal loans at Bank of Baroda.

  5. Premium personal loans by Bank of Baroda for existing customers

The Premium personal loans offered to the existing customers if they have a smooth account managed since the past 6 months at least. The branch head will ensure if you can get an account approved or not.

Why Apply for BOB Personal Loan?

Loanbaba provides comprehensive information about personal loan schemes by Bank of Baroda. Keep a note of this page to stay updated with recent information on this bank loan scheme. You can also quickly apply for BOB Personal Loan online on the bank's official website without having to visit the bank branch. It is simple and easy, and you can upload all the required documents online. Disbursal is done at the soonest, and you can keep a track of your loan application on the website.

Bank of Baroda Personal Loan Interest Rates

Personal Loan Bank of Baroda lowest interest rate is 11.60% and 11.05% for salaried individuals and self-employed, respectively. Keep a check on this page to note the updated interest rate for BOB personal loan.

Bank of Baroda Personal Loan Eligibility

Eligibility criteria:


  • MNC
  • Public Ltd.
  • PSUs
  • Self-employed professionals like doctors
  • Co/Large Pvt. Ltd.
  • State Govt. /Central Govt.


21 years or more*

Also note that this is the standard age to be eligible for almost all the banks in India.

Job Continuity

Should be employed with the current employer for minimum 1 year

Minimum Amount of Loan

Rs 20,000

Maximum Amount of Loan

Rs 2,00,000


Maximum 36 months

Personal loan eligibility may differ from one candidate to another. You can also use Bank of Baroda personal loan eligibility calculator for free at

Types of Bank of Baroda Personal Loan

BOB has personal loan schemes for professionals and salaried individuals. The amount taken as loan can be used for either multiple or specific purposes.

Bank of Baroda Personal Loan FAQs

Below provided are important questions about personal loan Bank of Baroda.

The people who are a part of ex-defence or living on their pension are also allowed to apply for the loan. The bank also offers personal loans as Earnest Money Deposits which enable people to buy a flat, home or a plot.

Bank of Baroda minimum personal loan amount is Rs. 20,000 and maximum amount of Rs. 2 Lakh.

BOB charges a processing fee of 2% or minimum Rs. 250 along with applied GST.
The applicant should be a minimum of 21 years old during loan approval time. The applicant should be not more than 60 years old during loan maturity time.

Disclaimer: Information is gathered from secondary sources and meant for reference only. Loanbaba is not a channel partner of Bank of Baroda.

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