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Bank of Baroda 5 Lakh Personal Loan

Fulfil your financial needs with a Bank of Baroda of Rs. 5 lakh personal loan. The bank offers both floating and fixed interests on their personal loans. Apply for a Bank of Baroda personal loan through Paisabazaar and enjoy multiple benefits:

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HDFC Bank
10 Second Disbursal*100% Digital Process*Quick Disbursal
Max. Loan Amt.Upto ₹25L
Rate of Interest9.99% - 12.5%
Tenure upto1-5 Years
Processing Fee₹ 6,500
Axis Bank
Low Processing fee
Max. Loan Amt.Upto ₹25L
Rate of Interest9.99% - 17.15%
Tenure uptoUpto 6 Years
Processing FeeUpto 2%
Kotak Mahindra Bank
Lowest Income requirement100% Digital Process*
Max. Loan Amt.Upto ₹25L
Rate of Interest9.98% - 17.2%
Tenure upto1-5 Years
Processing Fee1.1% - 1.5%

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How Can I Apply for a Personal Loan Online?

Get up to ₹40 Lakh in 5 Simple Steps

Step 1: Enter your mobile number in the application form

Step 2: Provide your personal details

Step 3: Enter OTP to verify your mobile number

Step 4: Select the loan purpose and loan amount

Step 5: Compare offers and apply for the best-suited loan

Features of Bank of Baroda Rs. 5 Lakh Personal Loan:

You can explore the various loan schemes offered by Bank of Baroda for a personal loan of Rs. 5 lakh. The features of these schemes are listed below:

Personal Loan Features:

  • Interest Rate: Starts from 10.40% p.a.
  • Repayment Tenure: Up to 84 months
  • Processing Charges: 2% of the loan amount + GST, NIL for Government Employees

Pre-approved Personal Loan Features

  • Interest Rate: Ranges from 12.90% to 16.40%
  • Repayment Tenure: From 18 months to 36 months
  • Processing Charges: 2% of the loan amount + GST
  • APR: Ranges from 15.23% to 19.95%

Digital Personal Loan Features

  • Interest Rate: Ranges from 12.90% to 18.25%
  • Repayment Tenure: From 12 months to 60 months
  • Processing Charges: 2% of the loan amount + GST
  • APR: Ranges from 14.38% to 23.39%

Eligibility for Bank of Baroda Rs. 5 Lakh Personal Loan:

Personal Loan Eligibility:

  • Age:
    • Minimum: 21 years for both salaried and non-salaried
    • Maximum: Not more than 60 years for salaried & not more than 65 years for non-salaried
  • Self-employed professionals and self-employed business persons with a minimum of 1 year of stable business experience.

Digital Personal Loan Eligibility:

  • Age:
    • Min: 21 years
    • Maximum: 58 years for salaried & 65 years for self-employed
  • Employment Type: Both salaried and self-employed can apply
  • NRIs/SHG are not eligible
  • Co-Applicant not allowed

Bank of Baroda Personal Loan of Rs. 5 Lakh: Interest Rate

Personal Loan Interest Rate:

 

Category

 Floating Rate Fixed Rate
Government Employees (Salary A/c with BOB under scheme code SB 182 & 186) 10.40% – 10.90% 11.05% – 11.55%
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 10.90% – 15.75% 11.30% – 14.15%
Category C: Silver (Same as Gold, Salary A/c with other Bank) 11.40% – 15.75% 11.80% – 14.15%
Category B: Private/Public/LLP/Self-Employed with account relationship with BoB 12.15% – 15.75% 12.85% – 15.10%
Category A: (Same as B, with other Bank) 14.15% – 17.75% 14.80% – 18.10%
  • Pre-Approved Interest Rate: Ranges from 12.90% to 16.40%
  • Digital Personal Loan Interest Rate: Ranges from 12.90% to 18.25%

Also Read: Latest Personal Loan Interest Rates

Swipe to see more table data

Bank of Baroda Rs. 5 Lakh Personal Loan: Documents Required

To take a personal loan of Rs. 5 lakh from Bank of Baroda, you will need to submit the following documents:

Personal Loan: Documents Required

Category Documents
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 certificate of practice with photograph from professional bodies (ICAI, ICWA, ICFAI, etc.)
For Salaried Individuals - Last 3 months’ salary slips
- Bank account statement (last 6 months, from Bank of Baroda or other banks)
For Self-Employed Individuals - Balance sheet, profit & loss account, and income computation for the last 1 year
- Income Tax Returns (last 1 year), Form 26AS, Traces
- Business proof (e.g., Gomasta License, Registration Certificate, Service Tax Registration, etc.)
- IT Assessment/Clearance Certificate, IT Challans, TDS Certificate (Form 16A), or Form 26AS supporting declared income

Pre-approved Documents Required:

  • Valid Mobile number (Linked with Bank of Baroda Account Number)
  • Aadhar number for procurement of OTP for E-Stamping & E-Sign

Digital Personal Loan Documents Required

Requirement Details
Mobile & PAN Valid mobile number and PAN card details
Aadhaar Aadhaar number (for OTP-based e-Stamping and e-Sign)
Bank Statement Net Banking credentials or digital bank statement for the last 6 completed months (must be in the applicant’s individual name)
Income Proof (Self-Employed) ITR e-filing credentials or digital ITR returns for the last 2 years
GST Records (Self-Employed, Optional) GST portal credentials or digital GST returns for the last 1 year

Note:

Digitally generated bank statements: Statements received via email or downloaded through Net Banking.

Acceptable ITR: ITR-3 or ITR-4, downloaded directly from the Income Tax website in PDF format.

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Fees and Charges of Bank of Baroda Rs. 5 Lakh Personal Loan

Personal Loan:

  • Processing Charges: 1 to 2% of the loan amount + GST
  • Penal Charges: 2% on loan outstanding
  • Pre-Payment/Pre-Closure Charges
    • Floating ROI: NIL
    • Fixed ROI: 3% + GST on prepaid amount after paying off one EMI. No prepayment charges after 36 months.

Digital Personal Loan:

  • Processing Charges: 2% of the loan amount + GST
  • Pre-Payment/Pre-Closure Charges
    • Floating ROI: NIL
    • Fixed ROI: 3% + GST on prepaid amount after paying off one EMI. No prepayment charges after 36 months.

Pre-approved Loan:

  • Processing Charges: 2% of the loan amount + GST

Also Read: Personal Loan EMI Calculator

Why Should One Opt for BOB Personal Loan

Opting for a Bank of Baroda personal loan of Rs. 5 lakh can benefit you in many ways. Listed below are a few benefits:

  • Floating and fixed interest rates available
  • Extended Timelines for repayment
  • Flexible usage of funds
  • Attractive interest rates
  • Minimal documentation
  • Speedy processing

To apply for a personal loan online, you can head to Paisabazaar, compare offers and choose the best-suited option for you.

How Can I Apply for a Personal Loan Online?

Get up to ₹40 Lakh in 5 Simple Steps

Step 1: Enter your mobile number in the application form

Step 2: Provide your personal details

Step 3: Enter OTP to verify your mobile number

Step 4: Select the loan purpose and loan amount

Step 5: Compare offers and apply for the best-suited loan

Explore Our Bank Of Baroda Lenders

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What our customers say

Highly recommended platform

I applied for a personal loan for medical emergency through Paisabazaar and got amazing service like nowhere else. The team was extremely cooperative and followed up with me until I had my loan amount in my account. My loan was disbursed within 24 hours. It is indeed an excellent platform for taking loans.

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I applied for a personal loan through Paisabazaar and got my loan disbursed in no less than 24 hours. The team was extremely cooperative, guided me through the entire process and followed up with me until I had my loan amount in my account. I highly recommend this platform to everyone looking for an urgent loan.

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Excellent platform for personal loan comparison! Their EMI calculator helped me pick the best tenure & my monthly emi.

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Priyanka SharmaOct 15, 2025

Got personal loan in a few minutes

I had pre-approved offers. When I applied through Paisabazaar, I got my personal loan approved within a few minutes. The process was very hassle-free and the team was extremely cooperative.

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Preeti SinghSep 26, 2025

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Mera cibil kam tha fir bhi paisabazaar walo ne loan dila diya mujhe jo bohot jaruri tha.

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Pawan SehrawatSep 25, 2025

Personal loan quick approved

My personal loan was quick approved on Paisabazaar. Everything was online and I was not required to submit any more documents.

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Loan Approved in on day

I confused between HDFC & Axis personal loans, but Paisabazaar showed me all the offers side by side. I apply in 10 minutes and got approval the next day!

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Rahul MehtaSep 23, 2025

Personal loan mila yahaan se

Mujhko personal loan mila yahaan se bina koi dikkat hue. Maine toh online apply kiya aur 3 lakh ka loan mila 2 saal ke liye.

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Pankaj SinhaSep 22, 2025
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