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Bank of Baroda 10 Lakh Personal Loan

Calculate EMI for ₹10 Lakh Loan

Your EMI will be
32,267
Total Interest Payable
1,61,619
Total Amount Payable
11,61,619
Enter Loan Amount
5K1Cr
Rate of Interest (Yearly %)
8%30%
Loan Tenure
3 Years
1 Yrs7 Yrs
4.5/5

15.6L Reviews

5.7cr+Satisfied Customers
65+Lending Partners
₹65k Cr+Loans Disbursed
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ICICI BankICICI Bank
Processing Time3 - 5 Days
Interest Rate9.99% onwards
Processing FeesUpto 2.5%
Max. Loan Amount₹2 Crore
HDFC BankHDFC Bank
Processing Time3 - 5 Days
Interest Rate9.99% onwards
Processing Fees₹4999+GST
Max. Loan Amount₹50 Lakh
Axis BankAxis Bank
Processing Time3 - 5 Days
Interest Rate9.99% onwards
Processing FeesUpto 2%
Max. Loan Amount₹40 Lakh
Kotak BankKotak Bank
Processing Time3 - 5 Days
Interest Rate9.99% onwards
Processing Fees₹12999+GST
Max. Loan Amount₹50 Lakh
Bajaj FinservBajaj Finserv
Processing Time1 - 2 Days
Interest Rate10% onwards
Processing FeesUpto 1.2%
Max. Loan Amount₹75 Lakh
IDFC First BankIDFC First Bank
Processing Time1 - 2 Days
Interest Rate9.99% onwards
Processing FeesUpto 2%
Max. Loan Amount₹1 Crore
CholamandalamCholamandalam
Processing Time3 - 5 Days
Interest Rate17% onwards
Processing FeesUpto 4%
Max. Loan Amount₹50 Lakh

Features of Bank of Baroda Rs. 10 Lakh Personal Loan

  • Interest Rate: Starts from 10.15% p.a.
  • Repayment Tenure: Up to 84 months
  • Processing Charges: 2% of the loan amount + GST, NIL for Government Employees
  • No end-use restriction on funds
  • Minimal documentation
  • Quick processing

Rates as of 16th April 2026

Bank of Baroda Rs. 10 Lakh Personal Loan Eligibility:

To qualify for a Bank of Baroda Rs. 10 lakh personal loan, you need to be eligible for the following criteria:

Eligibility Criteria Details
Age Minimum: 21 years for both salaried and self-employed applicants
Maximum: 60 years for salaried, 65 years for self-employed
Salaried Individuals - Employees of Central/State Government, autonomous bodies, PSUs, public limited companies, MNCs, and educational institutions with at least 1 year of continuous service.
- Employees of private limited companies, trusts, or LLPs with at least 1 year of continuous service.
Insurance Agents Must have been actively conducting business for a minimum of 2 years.
Self-Employed Professionals Includes doctors, engineers, architects, interior designers, tech/management consultants, practicing company secretaries, etc., with at least 1 year of stable business.
Self-Employed Business Persons Must have at least 1 year of stable business operations.
Exclusions Staff members, NRI/PIO applicants are not eligible.

Also Read: Eligibility Requirements of a Personal Loan

Documents Needed for Bank of Baroda Rs. 10 Lakh Personal Loan:

The following documents are required by the Bank of Baroda when you apply for a personal loan with the bank:

  • Application:
    • Completed loan application form with 3 passport-sized photographs
    • Form 135 (Assets & Liabilities statement)
  • Banking Records:
    • Bank statement for the last 6 months
    • Updated passbook
  • Proof of Residence (any one):
    • Valid passport
    • Voter ID card
    • Driving license
    • Postpaid utility bill (gas/electricity)
    • Updated passbook/bank statement
    • Registered rent agreement
  • Proof of Identity (any one):
    • PAN card / Aadhaar card / Valid Indian passport
    • Voter ID card
    • Driving license
    • Employee ID card (Govt/Defence/Reputed corporate)
    • Identity certificate or professional certificate (ICAI, ICWA, ICFAI, etc.)
  • For Salaried Individuals:
  • For Self-Employed Individuals:
    • Balance sheet, profit & loss account, and income computation for the last 1 year
    • Income Tax Returns (Form 26AS, IT returns)
    • Business proof (Gomasta License, Registration Certificate, Service Tax Registration, etc.)
    • IT Assessment/Clearance Certificate, IT Challans, TDS Certificate (Form 16A), or Form 26AS

Also Read: Personal Loan Required Documents

Bank of Baroda Personal Loan of Rs. 10 Lakh: Interest Rate

Bank of Baroda offers personal loans at both fixed and floating rates of interest. BoB personal loan interest rates are mentioned below:

Category Floating Rate Fixed Rate
Government Employees (Salary A/c with BoB under scheme code SB 182 & 186) 10.15% – 10.65% 10.95% – 11.45%
Gold: Employees of Central / State Govt. / PSUs / Autonomous Bodies/ Listed Public Limited Company having external rating "A" & above / Joint Sector Undertakings, & Educational Institutions of National Repute, having salary account with Bank of Baroda 10.65% – 15.50% 11.20% – 14.05%
Category C: Silver (Same as Gold, Salary A/c with other Bank) 11.15% – 15.50% 11.70% – 14.05%
Category B: Private/Public/LLP/Self-Employed with an account relationship with BoB 11.90% – 15.50% 12.75% – 15.00%
Category A: (Same as B, with other Bank) 13.90% – 17.50% 14.70% – 18.00%
  • Baroda Digital Pre-Approved Interest Rate: Starts from 11.65%
  • Baroda Digital Personal Loan Interest Rate: Starts from 11.65%
  • Baroda Loan to Pensioners: 10.90% (Digital) and 11.40% (Non-Digital)

Rates as of 16th April 2026

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Bank of Baroda Rs. 10 Lakh Personal Loan: Fees & Charges

Before applying for a loan, be sure to thoroughly review all the fees and charges levied on Bank of Baroda personal loans. The following are the fees levied on Bank of Baroda personal loan of Rs. 10 lakh.

Charges Details
Processing Charges 1% – 2% of the loan amount + GST
Penal Charges 2% on loan outstanding
Pre-Payment / Pre-Closure Charges (Floating ROI) NIL
Pre-Payment / Pre-Closure Charges (Fixed ROI) 3% + GST on prepaid amount after payment of one EMI.
No prepayment charges after 36 months.

How to Decide the Right Loan Tenure

Choosing the right repayment tenure is crucial as it impacts both your monthly EMI and overall interest outgo. Here’s what you should consider:

  • Assess Your Repayment Capacity
    • If you want smaller EMIs, opt for a longer tenure.
    • If you can comfortably pay higher EMIs, choose a shorter tenure to save on interest.
  • Consider Total Interest Cost
    • Longer tenure comes with lower EMI but higher total interest.
    • Shorter tenure comes with higher EMI but lower overall interest.
  • Factor in Financial Stability
    • Stable income and fewer financial commitments allow you to choose shorter tenures.
    • If your income is variable or you have multiple obligations, a longer tenure offers breathing space.
  • Match with Future Goals
    • If you expect an increase in income (like a promotion), you can start with a longer tenure and prepay later.
    • If you plan major expenses ahead (wedding, education, property), keep EMIs affordable with a moderate tenure.
  • Use an EMI Calculator
  • Quick Tip: For a Rs. 10 lakh loan at 10.40% p.a.
    • 5 years (60 months) → EMI approx. Rs. 21,444; lower interest outgo.
    • 7 years (84 months) → EMI approx. Rs. 16,809; easier on the budget but higher overall interest.

FAQs

What is the interest rate for a Bank of Baroda Rs. 10 lakh personal loan?

The Bank of Baroda Rs. 10 lakh personal loan interest rate starts at 10.40% p.a. and varies depending on your income, credit score, and repayment capacity.

What is the maximum tenure for a Bank of Baroda Rs. 10 lakh personal loan?

You can repay a Bank of Baroda Rs. 10 lakh personal loan over a tenure ranging from 12 months to 84 months, depending on your repayment comfort.

How does tenure affect EMI for a Rs. 10 lakh loan from Bank of Baroda?

A shorter tenure gives higher EMI but lower total interest, while a longer tenure offers smaller EMI but higher total interest outgo.

What documents are required for a Bank of Baroda Rs. 10 lakh personal loan?

You need basic KYC documents, proof of income (salary slips, ITR, or bank statements), and proof of residence to apply for a Bank of Baroda Rs. 10 lakh loan.

Am I eligible for a Bank of Baroda Rs. 10 lakh personal loan?

Eligibility for a Bank of Baroda Rs. 10 lakh personal loan depends on your age (21–60 years for salaried, up to 65 for self-employed), income stability, and credit score (usually 750+).

 How long does it take to get a Bank of Baroda Rs. 10 lakh personal loan disbursed?

With proper documents and eligibility, a Bank of Baroda Rs. 10 lakh personal loan can be approved and disbursed within a few working days.

Can I use a Bank of Baroda Rs. 10 lakh personal loan for any purpose?

Yes, the Rs. 10 lakh personal loan from Bank of Baroda comes with no end-use restriction. You can use it for weddings, education, travel, medical expenses, or debt consolidation.

How can I calculate EMI for a Bank of Baroda Rs. 10 lakh personal loan?

You can use an online EMI calculator. Just enter loan amount (Rs. 10 lakh), interest rate (10.40% p.a.), and tenure (e.g., 60 or 84 months) to get an accurate EMI estimate.

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What our customers say

Get My Personal loan disbursed

I would like to give a huge shoutout to Munni Nayak from Paisabazaar for her incredible support in helping me get my personal loan disbursed within just a few days. She was extremely cooperative throughout the entire process and demonstrated great knowledge by explaining every step in detail with patience and clarity. I truly appreciate her dedication, professionalism, and the smooth experience she provided. Thank you so much, Munni, for all your help and support!

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Preeti BhattMay 16, 2026

Smooth & hassle-free loan approval experience

I want to express my gratitude for your exceptional support & guidance throughout my loan application process to Aman (EW17239). Your professionalism & clear communication made the journey smooth and manageable. I appreciate how you helped during loan approval & fast-tracked the documentation. It is rare to find someone so committed to their clients. I truly value the effort you put into ensuring a successful outcome. Thanks again for your invaluable help.

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Sanjay Kumar GuptaMar 30, 2026

Exceptional guidance throughout the process

I’d like to express my sincere appreciation for Mr. Aman Kumar (EW32023) for the excellent assistance provided. His professionalism & willingness to help made the experience smooth & pleasant. Aman Kumar demonstrated patience & clarity while addressing queries and ensured that everything was handled efficiently. Such dedication & customer-focused service truly deserve recognition. Please convey my thanks and appreciation to him for his outstanding support.

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Jyotirmoy SinghaMar 23, 2026

Very helpful and easy to reach

I really wants to appreciate Mohankumar Dhandapani for closing my loan requirement in such a short time and nice manner. He is very much approachable helped me based on my requirements. He explained me all the options in very short time even one option failed immediately helped me to get other options worked. Excellent job done by Mohankumar Dhandapani all the best keep you same way approachable you will get more customers. Thanks to Paisabazar too.

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Kirubagaran GanesanFeb 24, 2026

Reliable help when i needed it most

I am writing this email to express my sincere thanks for your excellent support and guidance on Paisabazaar. My experience was very smooth and satisfying because of your help. You explained everything clearly and made the whole process easy and comfortable for me. I truly appreciate your professionalism, patience, and quick response. I am very happy with the service and would definitely recommend to others because of the great support I received from you. Thank you once again

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DharmeshFeb 22, 2026

Committed support that made everything easy

I’d like to appreciate the Paisabazar team for the excellent loan service. I especially want to recognize one of your agents, Mr. Prince Kumar, for his outstanding support. For more than a month, he continuously followed up with me and assisted me. His commitment & professionalism made the experience smooth & hassle-free. I appreciate his efforts and dedication. Kindly acknowledge his performance and consider rewarding such a sincere employee.

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BhupendraFeb 18, 2026

My Trust in Paisabazaar has Increased

I would like to take a moment to share my sincere feedback regarding the support I received from your team. The executive who assisted me was extremely professional, polite, and knowledgeable. They patiently understood my concern, explained the process clearly, and guided me step by step toward the right solution. I truly appreciate the transparency, timely responses, and genuine effort shown to help me.

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Lalit MaviFeb 12, 2026

Best Place for Taking Loans

I contacted customer care with a few queries, and I am very satisfied with the support I received. The representative was polite, patient, and explained everything clearly. My questions were resolved properly, and the overall experience was smooth and helpful. Thank you for the excellent customer service

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Kokil BarnwalFeb 12, 2026

Easy loan approval with good guidance

Thank you for the support provided for getting personal loan approval. During this process I worked with Mr. Aman Bajpai (EW17239) who was co-ordinator for this entire process of Personal loan, I was incredibly impressed by his efficiency and problem-solving skills. He went out of their way to ensure all my questions were answered and that the disbursement timeline stayed on track. His coordination was really appreciable.

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Riyaj AtarFeb 9, 2026

Apne higher education ke liye loan liya tha

Muhje higher education ke liye loan chahiye tha. Paisabazaar pe apply kiya. Got it at the right time. Quite helpful.

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Puja DanuJan 22, 2026
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Anubhuti Agrawal profile
Written ByLinkedIn icon
Anubhuti Agrawal
Shamik Ghosh profile
Reviewed ByLinkedIn icon
Shamik Ghosh

Paisabazaar is a loan aggregator and is authorized to provide services on behalf of its partners.

The APR (Annual Percentage Rate) of a personal loan is its annualised cost of borrowing, which includes the interest rate as well as the processing fees, documentation fees and other fees charged during the loan origination. The APR is expressed in the form of a percentage and thus, allows personal loan applicants to detect personal loan schemes offered at lower interest rates but with higher processing fees and/or other charges.

The APR of personal loans usually ranges between 11.29% to 35%. For example, assume that you have availed a personal loan of Rs. 5 lakhs @ 10.50% p.a. with a repayment tenure of 5 years. The processing fee charged for this loan is 1.5% of the loan amount, which amounts to Rs 7,500. Therefore, the total borrowing cost of your personal loan will be Rs 1,52,317 and its APR will be 11.16%.

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