How To Get Bank Of Baroda Personal Loan | Pre approved Personal Loan – Bank of Baroda | Bank Of Baroda (BOB) Personal Loan Eligibility 2023। Loans – Apply For Instant Bank Loan | Personal Loans – Bank of Baroda.
Get Bank Of Baroda Personal Loan | Pre approved Personal Loan – Bank of Baroda | Bank Of Baroda (BOB) Personal Loan Eligibility 2023। Loans – Apply For Instant Bank Loan | Personal Loans – Bank of Baroda.
Bank Of Baroda Digital Personal Loan Details
| Loan amount | Rs. 50,000 – Rs. 10 Lakhs |
| Rate of interest | 10.90% p.a. |
| Tenure | Up to 60 months |
| Lowest EMI possible | Rs. 2,110 Per Lakh |
| Processing fee | Up to 2% of the loan amount (minimum Rs. 1,000 & maximum Rs. 10,000) |
| Penal interest | 2% on overdue amount |
Bank of Baroda Personal Loan For Eligibility Criteria
You must meet the following Bank of Baroda Personal Loan Eligibility Criteria to be eligible for the loan:
- Employees of Central or State Government, Autonomous Bodies, Public or Joint Sector Undertakings, Public Limited Companies, MNCs, and Educational Institutions who have minimum 1 year of continuous service.
- Employees of Proprietorship, Private Limited companies, Partnership firms, and Trust having minimum 1 year of continuous service.
- Insurance Agents who are doing business for at least the last 2 years.
- Self-employed professionals (including Doctor, Architect, Engineer, Interior Designers, Practicing Company secretaries, Technology & Management Consultants) having a minimum 1 year of stable business.
- Self-employed business persons having a minimum 1 year of stable business.
- Applicants must be at least 21 years of age.
- The maximum age to apply for the Bank of Baroda personal loan is 60 years for salaried and 65 years for non-salaried persons at the time of loan maturity.
- Co-applicants are not allowed for a personal loan at Bank of Baroda.
- The personal loan amount available in metro & urban areas ranges from Rs. 1 Lakh to Rs. 10 Lakhs and from Rs. 50,000 to Rs. 5 Lakhs in semi-urban and rural areas.
Features – Benefits For Bank of Baroda Personal Loan
Following are some attractive features and benefits of Bank of Baroda loan:
- Maximum loan amount available for Bank of Baroda instant personal loan is up to Rs. 10 Lakhs in metro & urban areas and Rs. 5 Lakhs in rural areas.
- Minimum loan amount available is Rs. 1 Lakh in metro & urban areas and Rs. 50,000 in rural & semi-urban areas.
- Bank of Baroda Personal Loan Interest Rate starts from 10.90% p.a. and can go up to 17.07% p.a.
- Repayment tenure of the loan can be up to 5 years.
- Multiple personal loans available, viz. Personal Loan, Bank of Baroda pre approved micro personal loan or Bank of Baroda Digital Loan, Personal Loan for Pensioners, and Baroda Personal Loan COVID 19.
- Special personal loan scheme is available for doctors, i.e. Bank of Baroda Doctors Loan.
- The bank offers quick loan processing & disbursal.
- Bank of Baroda top up loan facility available.
- Special rate of interest for existing customers of the bank who have accounts with Bank of Baroda for a minimum 6 months.
Bank of Baroda Personal Loan For Interest Rate
Bank of Baroda Personal Loan Interest Rate 2023 starts from 10.90% p.a. and can go up to 17.07% p.a. For regular personal loan and PAPL Bank of Baroda. For Baroda Personal Loan COVID-19, the rates start from 9.70% p.a. Interest rates for Bank of Baroda pension loan is 10.80% p.a.
Comparison Between Personal Loan of Bank of Baroda and Other Lenders
Bank of Baroda Personal Loan For Document Required
If you are looking for loan apply with the following Documents Required for Bank of Baroda Personal Loan:
- Loan application – Completely filled & signed
- 3 recent passport size photographs
- Form 135 mentioning details of applicant’s Assets & Liabilities
- Bank statements for the last 6 months & updated passbook
- Residence proof – Any of the following:
- Voter ID card
- Valid passport
- Driving license
- Updated passbook/bank account statement
- Postpaid utility bill (gas & electricity)
- Registered rent agreement
- Identity proof – Any of the following:
- Valid Indian passport
- PAN card
- Driving license
- Voter ID card
Bank of Baroda Personal Loan For Verification Process
The verification process for Bank of Baroda online personal loan after submitting your application is mentioned below:
- We will forward your personal loan application to the bank.
- You will receive a call from a representative of the lender within a few hours of submitting your online application.
- The bank will schedule a pickup for your documents or give you an option to upload them online.
- The submitted documents will be verified by the bank for your loan verification.
- On successful verification of your documentation and profile, your loan will be approved and you will receive a call to verify the loan offer.
- After loan approval, the loan will be disbursed within a few hours by the lender.
Check Bank of Baroda Personal Loan For Application Status
To check your Bank of Baroda loan status online, follow the below-mentioned steps:
- Visit the official website of Bank of Baroda.
- Go to the “Loan Application Status Tracker” page.
- Now enter your Proposal Acknowledgement ID or Reference Number and the captcha code.
- Click on ‘Track Application’ to check your Bank of Baroda personal loan application status instantly.
- You can also log in to Baroda Connect (Net Banking) India to track your application status after disbursal.
- You can also check the loan status using Bank of Baroda’s mobile app, i.e. Baroda M Connect+, available on iOS & Android mobiles.
How To Get Bank Of Baroda Personal Loan
Dear readers, you can apply Bank Of Baroda Personal Loan Online. You must have a bank account with Bank of Baroda and your Aadhaar card and bank account must be linked to the mobile. So that you can easily get OTP and avail the loan
Heartily welcome to all Bank of Baroda account holders in this article. If you want to get a loan of 50,000/- thousand rupees without going to a bank, then this article is only for you. In this article we will understand in detail how to get a loan from Bank of Baroda.
- In that Tab you will get the option of Pre-Approved personal loan and you have to click on it.
- By clicking, a new page will open in front of you.
- On this page you will get an option called Apply Now after Pre-Approved Personal Loan. You have to click on it.
- By clicking a new page will open for you on this page you have to click on proceed option after clicking a new page will open in front of you.
- On this page you have to provide the mobile number after which you have to provide the OTP on your mobile.
- After providing the OTP, a new page will open in front of you.
Important Links
| Apply To Direct Link: | Click Here |
| Official Website: | Click Here |
| Home Page | Click Here |
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