Bank of Baroda Personal Loan

Disclaimer: Bank of Baroda is not a Paisabazaar partner for personal loans and all content herein is strictly informative in nature. Paisabazaar is not affiliated with, sponsored by or in any way connected to Bank of Baroda for personal loans. No offers/services from Bank of Baroda are being provided by Paisabazaar for personal loans. For further information about Bank of Baroda for personal loans, users are required to reach out directly to Bank of Baroda.

Bank of Baroda Personal Loan Highlights
Interest rate	Floating rates- 10.90%-18.25% p.a. Fixed rates- 11.25%-18.30% p.a.
Loan Amount	Up to Rs 20 lakh
Tenure	Up to 7 years
Processing Fees	Up to 2% (Rs 1,000-Rs 10,000)

Rates as of 17 June 2025

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Bank of Baroda Personal Loan Interest Rate

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

Floating Interest Rates

Type of Employees	Interest Rates (p.a.)
Category A :(Employee of Private / Public, Trust, LLP, Insurance Agent, Self Employed Professional and business persons) having account relationship with other Bank	14.65%-18.25%
Category B : (Employee of Private / Public, Trust, LLP, Insurance Agent, Self Employed Professional and business persons) having account relationship with Bank of Baroda	12.65%-16.25%
Category C: Silver: 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 other Bank	11.90%-16.25%
Gold: Same target customers as mentioned in the Silver Category, however, the salary account must be with the Bank of Baroda	11.40%-16.25%
Govt Employees/defence personnel maintaining salary accounts with Bank of Baroda under scheme code SB 182 & 186	10.90%-11.40%

 

Loan Product	Interest Rates (p.a.)
Baroda Loan to Pensioners	11.65% (digital) 12.15% (non-digital)
Baroda Digital Pre-approved Personal Loan	12.40%-15.90%
Baroda Digital Personal Loan	12.40%- 17.75%

Fixed Interest Rates

Type of Employees	Interest Rates (p.a.)
Category A: (Employee of Private / Public, Trust, LLP, Insurance Agent, Self Employed Professional and business persons) having account relationship with other Bank	15.00%-18.30%
Category B: (Employee of Private / Public, Trust, LLP, Insurance Agent, Self Employed Professional and business persons) having account relationship with Bank of Baroda	13.05%-15.30%
Category C: Silver: Employees of Central / State Govt. / PSUs / Autonomous Bodies/ Listed Public Limited Companies having external rating “A” & above/Joint Sector Undertakings, & Educational Institutions of National Repute, having a salary account with other Bank	12.00%-14.35%
Gold: Same target customers as mentioned in the Silver Category, however, the salary account must be with the Bank of Baroda	11.50%-14.35%
Govt Employees/defence personnel maintaining salary accounts with Bank of Baroda under scheme code SB 182 & 186	11.25%-11.75%

Bank of Baroda Personal Loan Fees and Charges

Particulars	Charges
Baroda Personal Loan	For government employees maintaining their salary account with the Bank of Baroda- NIL For others- 2% of loan amount (Rs 1,000-Rs 10,000)
Baroda Pensioners Loan	For Pensioners/Family Pensioners maintaining their pension account with Bank of Baroda- NIL For Others- Rs 1,000

 

Different Types of Personal Loans offered by Bank of Baroda

Baroda Personal Loan

Purpose: Bank of Baroda offers personal loan to its applicants to fund their personal requirements such as wedding, vacation, medical expenses, etc.

Loan Amount:

Minimum loan amount-

• For metro and urban branch- Rs 1 lakh
• For rural and semi-urban branch- 0.50 lakh

Maximum loan amount- Up to Rs 20 lakh (as per the borrower’s occupation and the account relationship with the bank)

Tenure: Up to 7 years

Baroda Loan to Pensioners

Purpose: Retired pensioners can avail Baroda Loan to Pensioners to meet their emergency financial needs.

Loan amount:

For regular pensioners-

• For pensioners up to 70 years of age- Rs 8 lakh
• For pensioners above 70 years of age- Rs 5 lakh

For family pensioners-

• For pensioners up to 70 years of age- Rs 3 lakh
• For pensioners above 70 years of age- Rs 1.5 lakh

Tenure:

• Regular pensioners/family pensioners up to 70 years of age- 5 years
• Regular pensioners/family pensioners above 70 years of age- 3 years

Baroda Digital Personal Loan

Purpose: Bank of Baroda offers Baroda Digital Personal Loan to its applicants to fulfil their various personal requirements other than speculative purposes.

Loan Amount: Rs 50,000-Rs 10 lakh

Tenure: 1 year-5 years

Baroda Digital Pre-approved Personal Loan

Purpose: Bank of Baroda offers Digital Pre-approved Personal Loan to its select set of customers with instant loan disbursement and hassle-free documentation process.

Loan Amount: Rs 50,000-Rs 5 lakh

Tenure: 18 months-3 years

Eligibility Criteria of Bank of Baroda Personal Loan Applicants

Individuals planning to avail personal loan through Bank of Baroda should fall under the below-mentioned personal loan eligibility criteria:

• The minimum age of the applicant should be 21 years and the maximum age should not exceed the retirement age of the applicant (60 years for salaried, 65 years for non-salaried).
• Employees of Central or State Government, Public Sector Undertakings, autonomous bodies, MNCs, educational institutions, Public Limited Companies, Private Limited Companies, Limited Liability Partnership, Trust and Joint Sector Undertakings with atleast 1 year of continuous service are eligible for Bank of Baroda Personal Loan.
• Bank of Baroda also offers personal loans to self-employed professionals like doctors, CAs, architects, interior designers, engineers, practicing Company Secretaries, and self-employed non-professionals, having a stable business for atleast 1 year.
• Insurance agents doing business for atleast 2 years can also avail Bank of Baroda Personal Loan.

Eligibility Criteria for Baroda Loan to Pensioners

• Pensioners or family pensioners drawing pension through Bank of Baroda are eligible for Baroda Loan to Pensioners.
• Pensioners receiving their pension through the Treasury or Defence Pension Disbursing Office directly to their savings account maintained with Bank of Baroda are also eligible for pension loan through Bank of Baroda.

Documents Required for availing Bank of Baroda Personal Loan

The personal loan documents required for availing Bank of Baroda personal loan are given below:

• Duly filled application form alongwith 3 passport size photographs
• Form 135 reflecting the details of assets and liabilities owned by the applicant
• Bank statement for past 6 months alongwith the updated passbook of the applicant
• ID Proof- Aadhar card, PAN card, Voter ID, passport, Driving license, employee ID issued by relevant authorities, ID card or practice certificate issued by ICAI, ICFAI, ICWA, etc.
• Address proof- Driving license, Passport, Voter ID, Utility bills (gas and electricity), rent agreement, bank account statement/updated passbook.

For Salaried individuals:

• Last 3 months salary slips and
• Bank account statement for last 6 months

For Self-employed individuals:

• ITR for last 1 year, form 26AS
• Balance sheet, P&L account with income computation for last 1 year
• Business proof such as Gomasta license, Service Tax Registration, Registration Certificate, Income Tax Challans/TDS certificate (Form 16A), IT Assessment or Clearance Certificate, Form 26AS for income declared in ITR

For Pensioners– Details of Pension/PPO No.

Documents for Baroda Digital Personal Loan

• PAN number and mobile number that is valid
• Aadhar number for obtaining OTP for E-signatures or E-stamping
• Digital bank statement for last 6 months
• Net banking credentials
• Web camera for capturing pictures and for video KYC
• ITR e-filing credentials or digital ITR for last 2 years for salaried individuals
• GST portal credentials or digital GST returns for last 1 year for self-employed individuals

FAQs on Bank of Baroda Personal Loan

How can I avail personal loan from Bank of Baroda?

Applicants can avail Bank of Baroda Personal Loan by applying through the official website of the bank or by visiting its branches. Additionally, they should also visit online financial marketplaces to compare the interest rates and other features provided by the various lenders based on their credit profile and then, apply accordingly.

Who is eligible for Bank of Baroda personal loan?

Bank of Baroda Personal Loans is offered to employees of the Central/State government, autonomous bodies, public or joint sector undertakings, public limited companies, MNCs, educational institutions with a minimum service of 1 year, employees of private limited companies, trusts, limited liability partnership, insurance agents doing business for atleast 2 years, self-employed professionals, such as doctors, architects, engineers, interior designers, technology and management consultants.

What is the personal loan interest rate offered by Bank of Baroda?

Bank of Baroda offers personal loans at both fixed and floating interest rates. The fixed interest rates range from 11.25% to 18.30% p.a. whereas the floating interest rates range from 10.90% to 18.25% p.a.

How can I check Bank of Baroda Pre-approved Personal Loan offers?

Bank of Baroda offers pre-approved personal loan to its select existing customers. Existing customers of Bank of Baroda can check for pre-approved personal loan offers from the official website of Bank of Baroda. They can type PAPL<space> last 4 digits of their debit card and send an SMS to 8422009988 from their registered mobile number and check for pre-approved personal loan offers with Bank of Baroda. Additionally, you should also visit online financial marketplaces like Paisabazaar.com to check the pre-approved offers, if eligible, from other lenders.

What is the processing fee levied by Bank of Baroda on Personal Loans?

Bank of Baroda charges a processing fee of 2% of the personal loan amount with the minimum fee being Rs 1,000 and the maximum fee being capped at Rs 10,000.

What maximum personal loan amount can I get from Bank of Baroda?

Personal loan applicants can get a maximum loan amount of up to Rs 20 lakh from Bank of Baroda.

How can I avail personal loan from Bank of Baroda?

Applicants can apply for Bank of Baroda personal loan either through its official website or by visiting bank branches. They can also apply for personal loan through the mobile app of Bank of Baroda “bob World”.

For what tenure can I avail personal loan from Bank of Baroda?

You can avail Bank of Baroda personal loan for a maximum tenure of 7 years.

Does the Bank of Baroda give instant personal loans?

Bank of Baroda offers pre-approved personal loans to select customers with instant disbursement of loan amounts.

What is the maximum credit score required to avail Bank of Baroda Personal Loan?

Bank of Baroda has not specified a cut-off credit score for its personal loan applicants. However, a credit score of 750 and above is considered to increase the chances of availing personal loan at lower interest rates.

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