Bank of Baroda Personal Loan

Bank of Baroda star star star star star 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 18th September 2018
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 loanbaba.com.

Features and Benefits of Bank of Baroda Personal Loan

Loanbaba.com 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 on Loanbaba.com?

At Loanbaba, you can compare and apply for personal loans online. You can check out several personal loan schemes by Bank of Baroda and go through all their features such as quantum of loan, amount of loan, processing fees, interest rates, and other conditions, at one page. You can also quickly apply for BOB Personal Loan online on our 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 earliest, and you can keep a track of your loan application on the website.

How to Apply for Bank of Baroda Personal Loan on Loanbaba.com?

Visit this link- https://www.loanbaba.com/personal-loan/ to apply for Bank of Baroda personal loan or any other bank/NBFC personal loan at Loanbaba.

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:

Group

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

Age

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

Tenure

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 Loanbaba.com.

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

  • addFAQs

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

    1. Are there any special schemes on Bank of Baroda personal loans?
    2. 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.

    3. How much loan can I borrow from BOB?
    4. Bank of Baroda minimum personal loan amount is Rs. 20,000 and maximum amount of Rs. 2 Lakh.

    5. What is the processing fee charged for personal loan by Bank of Baroda?
    6. BOB charges a processing fee of 2% or minimum Rs. 250 along with applied GST.

    7. What is the age limit for BOB personal loan?

    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.

Bank of Baroda Personal Loan Review


Personal Loan
star star star star star 12.0/5
Personal loan by Bank of Baroda was perfect, but the turnaround time is something they can work upon.
Mumbai September 16, 2018
Personal Loan
star star star star star 15.0/5
I had applied my personal loan in Mumbai at Bank of Baroda. I was in dire need of funds and fortunately got the loan amount soon.
Mumbai September 16, 2018
Personal Loan
star star star star star 15.0/5
Taking personal loan in Gujrat by Bank of Baroda through online portal of loanbaba was after all not a bad idea. This way I could communicate with the Bank of Baroda without having to come over to their branch. All by documentation was sorted and I got the loan in decent time.
Mumbai September 14, 2018
Personal Loan
star star star star star 13.0/5
The Bank of Baroda has disbursed the loan amount required and I am satisfied with it. The interest rate and the charges are average.
Mumbai September 13, 2018

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