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% |
Loanbaba.com provides all the information about BOB Personal Loan.
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.
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.
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.
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.
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.
Eligibility criteria:
|
Group |
|
|
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.
BOB has personal loan schemes for professionals and salaried individuals. The amount taken as loan can be used for either multiple or specific purposes.
Below provided are important questions about personal loan Bank of Baroda.
Bank of Baroda minimum personal loan amount is Rs. 20,000 and maximum amount of Rs. 2 Lakh.
Disclaimer: Information is gathered from secondary sources and meant for reference only. Loanbaba is not a channel partner of Bank of Baroda.
Personal loan by Bank of Baroda was perfect, but the turnaround time is something they can work upon.
Ajeet G. Pathak
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.
Avi Agrawal
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.
Salman Shaikh
The Bank of Baroda has disbursed the loan amount required and I am satisfied with it. The interest rate and the charges are average.
Nilima Gaur
