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Bank of Baroda Personal Loan Interest Rates
The interest rate of Bank of Baroda Personal Loan starts from 10.90% p.a. for loan amount up to Rs. 20 lakh.
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% |
Note: Interest rates as on 23 June 2025.
Comparison of Personal Loan Interest Rates offered by Various Banks/NBFCs
Banks/NBFCs Interest Rates(p.a.)
Bajaj Finance 10% - 31% p.a.
Axis Bank 10.49% onwards
IndusInd Bank 10.49% onwards
IDFC First Bank 10.99% onwards
HDFC Bank 10.85% onwards
ICICI Bank 10.80% onwards
Kotak Mahindra Bank 10.99% onwards
Tata Capital 11.99% onwards
Federal Bank 11.49% onwards
DMI Finance Up to 24%
L&T Finance 11.00% onwards
Kreditbee 16.00% - 29.95%
MoneyTap 13.00% onwards
Piramal Finance 12.90% onwards
Aditya Birla 10.99% onwards
Moneyview 14%-36%
Cashe 33.50% onwards
Also Check: Which bank/NBFC is best for personal loans in India?
Apply for Personal Loans at Low Interest Rates Click Here
Factors affecting Bank of Baroda Personal Loan Interest Rates
Some of the main factors affecting the Bank of Baroda interest rates for its personal loan applicants are as follows:
Credit Scores
Bank of Baroda Personal Loan interest rates offered to various categories of personal loan applicants have been linked with the CIBIL score of its loan applicants. Thus, personal loan applicants having higher credit scores could be offered lower interest rates for their personal loans. However, the lender has not disclosed its personal loan interest rate matrix based on the loan applicants’ CIBIL/credit scores.
Bank of Baroda Personal Loan applicants can follow healthy credit practices like payment of EMIs/credit card bills on time, avoiding multiple loan or credit card applications within a short duration, maintaining a healthy credit mix, etc. to maintain or improve their credit scores. Loan applicants who implement these steps can increase their credit scores and thereby improve their eligibility for availing personal loans. Personal loan applicants should regularly review their credit report to identify mistakes and draw the attention of their lender or credit bureaus towards the same. Any error present in the credit reports can decrease the credit scores of loan applicants and negatively impact their personal loan eligibility along with reducing their chances of availing lower Bank of Baroda Personal Loan interest rates.
Income
Although the bank has not specified providing preferential Bank of Baroda Personal Loan Interest Rates for personal loan applicants based on their income, many lenders provide lower interest rates for personal loans to applicants having higher monthly incomes. This is because higher income usually leads to higher loan repayment capacity for personal loan borrowers, thus, which in turn reduces credit risk for the lenders. Lenders can pass this benefit to borrowers by providing them personal loans at lower interest rates.
Occupation Profile
Bank of Baroda Personal Loan interest rates are based on the employer’s profile with the lender providing differential interest rates for employees based on whether they are self-employed or salaries and further, on the basis of their employer’s profile (in case of salaried employees). Note that many banks/NBFCs provide lower interest rates on personal loans for salaried applicants as compared to personal loans for self-employed individuals. Within salaried applicants, employees working for government/PSUs are offered personal loans at lower rates of interest as they have higher income/job security versus other salaried applicants. Lenders also provide lower interest rates to individuals working in MNCs or well-known private sector companies as they can weather adverse economic conditions much better than other private sector organisations.
Existing Relationship with Bank of Baroda
The interest rates on Bank of Baroda Personal Loans are lower for existing customers having a lending/banking relationship with the lender. Hence, existing BoB customers, especially those maintaining their salary account with the lender, should first contact it for personal loans, as they have higher chances of availing Bank of Baroda Personal Loans at favourable interest rates.
Tips to Avail Personal Loan at Low Interest Rates
In order to secure Bank of Baroda personal loan at the lowest possible interest rates, prospective applicants should follow the below mentioned tips:
- Improve and maintain credit scores of 750 or above
- Check with multiple lenders for pre-approved instant personal loan offers
- Enquire with your existing bank/NBFC with whom you already have deposit and/or loan accounts
- Visit online financial marketplaces to check and compare the personal loan offers from other lenders
Interest rate for Rs 10 lakh personal loan in Bank of Baroda
Bank of Baroda offers personal loans of Rs 20 Lakh at 10.90% p.a. onwards. The bank decides the interest rates for its loan applicants depending on their employment profile, type of loan scheme, existing account relationship and occupation profile.
FAQs
What is the interest rate for personal loan in Bank of Baroda?
The lender offers personal loans at a rate of interest starting from 10.90% p.a. However, the final rate of interest offered by Bank of Baroda depends on its loan applicant’s credit profile, employment profile, existing relationship with the lender, etc.
How to get the lowest personal loan interest rate from Bank of Baroda?
Bank of Baroda offers the lowest personal loan interest rate to government employees or defence personnel who maintain salary accounts with the lender under scheme code SB 182 and 186. For other personal loan applicants, the interest rate offered by the bank depends on their credit profile, occupation profile, existing relationship with the lender, employer’s profile, etc. Thus, personal loan applicants who are not satisfied with the interest rates offered by the bank can visit online financial marketplaces to check and compare the interest rates offered by other lenders based on their credit profile.
Are Bank of Baroda Personal Loan interest rates offered at fixed or floating rates?
The bank offers personal loans at both fixed and floating interest rates. While the floating interest rates are linked with the ‘repo rate’, the fixed rate of interest are linked with the one-year MCLR rate.
What are Bank of Baroda Personal Loan interest rates for salaried applicants?
Salaried individuals can avail personal loans from Bank of Baroda at 10.90% p.a. onwards. The lender sets the interest rate for each salaried applicant depending on his/her employer’s profile, CIBIL score, existing relationship with the bank, etc.
What are the Bank of Baroda Personal Loan interest rates for women?
Bank of Baroda has not disclosed whether it offers any interest rate concessions or differential interest rates to its female personal loan applicants. Bank of Baroda interest rates offered to its women personal loan applicants are the same as other applicants depending on their credit profile, occupation profile, existing relationship with the bank, employer’s profile, etc.
Can a Government Employee Get Special Interest Rates on Bank of Baroda Personal Loan?
Government employees are eligible for availing lower Bank of Baroda personal loan interest rates starting from 11.05% p.a. However, the final rate of interest offered by the lender to those working with the central/state government depends on their CIBIL score and relationship with the lender.