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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 Fee6,500
ICICI Bank
100% Digital Process*Quick Disbursal
Max Loan Amt.Upto 25L
Rate of Interest11% - 13%
Tenure upto1-5 Years
Processing FeeUpto 2%
Axis Bank
Low Processing fee
Max Loan Amt.Upto 25L
Rate of Interest9.99% - 17.15%
Tenure uptoUpto 6 Years
Processing FeeUpto 2%
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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

Apply Now

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 10.15% 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 11.65% to 15.15% p.a.
  • Repayment Tenure: From 18 months to 36 months
  • Processing Charges: 2% of the loan amount + GST

Digital Personal Loan Features

  • Interest Rate: Ranges from 11.65% to 17.00%
  • Repayment Tenure: From 12 months to 60 months
  • Processing Charges: 2% of the loan amount + GST

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

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

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

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

Apply Now

Avail Personal Loan for
All Your Needs

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Avail Personal Loan for
All Your Needs

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.

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What our customers say

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

Sabse jada helpful log the yaha

Maine bht jagah try kiya tha personal loan ka, yaha try kiya toh helpful log mille. Har steps mai aram se samjhaya or usse muhje loan lene mai jda dikkat nhi aayi.

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Anuradha GuptaJan 21, 2026
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Anubhuti Agrawal profile
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Anubhuti Agrawal
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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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