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:
Bank of Baroda 5 Lakh Personal Loan
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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:
Eligibility for Bank of Baroda Rs. 5 Lakh Personal Loan:
Personal Loan Eligibility:
Digital Personal Loan Eligibility:
Bank of Baroda Personal Loan of Rs. 5 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% |
Rates as of 16th April 2026
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:
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.
Fees and Charges of Bank of Baroda Rs. 5 Lakh Personal Loan
Personal Loan:
Digital Personal Loan:
Pre-approved Loan:
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:
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
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FAQs
What is the interest rate for a Bank of Baroda Rs. 5 lakh personal loan?
The interest rate for a Bank of Baroda Rs. 5 lakh personal loan starts from 10.15% p.a. for salaried individuals and may go up depending on your profile, loan type, and category. For digital personal loans, the rate ranges from 11.65% to 17.00% per annum.
What is the eligibility for a Bank of Baroda personal loan of Rs. 5 lakh?
Eligibility for a Bank of Baroda Rs. 5 lakh personal loan includes a minimum age of 21 years and a maximum of 60 years (salaried) or 65 years (self-employed), with at least 1 year of stable employment or business.
What documents are required for a Bank of Baroda Rs. 5 lakh personal loan?
The documents required for a Bank of Baroda Rs. 5 lakh personal loan include a loan application form, 3 passport-sized photographs, Form 135, 6-month bank statement, address proof (Aadhaar, Passport, Voter ID), identity proof (PAN, Aadhaar, Passport, Driving License), salary slips for salaried applicants, and ITR/business proof for self-employed.
How much processing fee is charged on a Bank of Baroda Rs. 5 lakh personal loan?
The processing fee for a Bank of Baroda personal loan is 1% to 2% of the loan amount + GST. For government employees, processing charges may be nil.
What are the benefits of applying for a Bank of Baroda Rs. 5 lakh personal loan?
The main benefits of a Bank of Baroda personal loan are competitive interest rates, floating or fixed options, minimal documentation, flexible tenure, quick approval, and no restriction on the end-use of funds.
Personal Loan Articles
View All ArticlesPaisabazaar 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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