Bank of Baroda offers personal loans to individuals to deal with various expenses like home renovation, wedding, vacation, higher education, medical emergency, purchase of consumer durable like washing machine, television, refrigerator, etc. Bank of Baroda personal loan can be availed up to Rs. 10 lakhs and is offered to both salaried professionals as well as self- employed individuals.
Bank of Baroda Personal Loan - Features and Benefits
- Loan amount: The loan amount offered by Bank of Baroda Personal Loan goes upto Rs. 10 lakh and is offered to an individual depending upon where he lives (rural or urban area)
- Flexible tenure: The tenure to repay Bank of Baroda Personal Loan is flexible and goes up to 24 months for hassle- free repayment
- Online processing: You can apply for Bank of Baroda Personal Loan online from the comfort of your home or office and can save a lot of time and effort
- Quick disbursal: Once the loan is approved, the amount is disbursed to your account within a few days
Bank of Baroda Personal Loan - Interest Rate, Fee and Charges
| Interest Rate | 11.35% to 16.35% | |
| Processing fee | Up to Rs. 10,000 plus service tax | |
| Establishment fee | Up to Rs. 1,000 | Rs. 25 |
| From Rs. 1,001 to Rs. 2,500 | Rs. 50 | |
| From Rs. 2,501 to Rs. 5,000 | Rs. 75 | |
| From Rs. 5001 to Rs. 10,000 | Rs. 100 | |
| From Rs. 10,001 to Rs. 20,000 | Rs. 200 | |
| From Rs. 20,001 to Rs. 200,000 | 1.00% of Loan Amount / OD Limit | |
| Credit Fees (To be recovered in the month of February and August every year) | Rs. 20 (half year) | |
| Modification in terms and conditions | Rs. 100 for each modification | |
| Stamping charges | Rs. 15 plus out of pocket expenses | |
| Document Discharge Fees | Rs. 75 per document | |
| Settlement Fees | Rs. 75 per settlement | |
| Search Fees | Rs. 75 per settlement | |
| Inspection Fee | Upto Rs. 1,500 | Free |
| From Rs. 1,501 to Rs. 10,000 | Rs. 40 per visit | |
| From Rs. 10,001 to Rs. 25,000 | Rs. 75 per visit | |
| Rs. 25,001 to Rs. 50,000 | Rs. 100 per visit | |
| Rs. 50,001 to Rs. 100,000 | Rs. 150 per visit | |
| Above Rs. 100,000 | Rs. 200 per visit | |
| Loan Arrear Fees | Upto Rs. 500 | Rs. 5 for each installment per month |
| From Rs. 501 to Rs. 1,000 | Rs. 10 for each installment per month | |
| From Rs. 1,001 to Rs. 2,500 | Rs. 15 for each installment per month | |
| From Rs. 2,501 to Rs. 5,000 | Rs. 20 for each installment per month | |
| Above Rs. 5,000 | Rs. 25 for each installment per month | |
Bank of Baroda Personal Loan - Eligibility Criteria
- You should be at least 21 years old
- Your maximum age should be 60 years
- You should either be a salaried professional or a self- employed individual
- You should be having a permanent employment for at least 3 years and should also be paying tax
- If you are living in semi- urban and rural areas, you will be eligible for a loan amount of Rs. 50,000 to Rs. 5 lakh and if are living in urban cities, you will be eligible for a loan amount of Rs. 1 lakh to Rs. 10 lakh
Bank of Baroda Personal Loan - Documents Required
| For salaried professionals | For self-employed individuals |
Any of the following identity proof:
| Any of the following identity proof:
|
Residence Proof
| Residence proof
|
Proof of age
| Proof of age
|
| Photographs | Photographs |
Length of employment
| Proof of continuity of business
|
Income Proof
| Income Proof
|
Bank of Baroda Personal Loan - EMI Calculator
While availing a personal loan, it is necessary to know how much EMI you would be paying each month in order to repay the personal loan. Paisabazaar’s EMI calculator is an online tool that is easy to use and allows you to check your EMI so that you are able to manage your future expenses properly.
- Click here
- Scroll the bar to the required loan amount, tenure and interest rate
- Know your EMI within seconds
Compare Bank of Baroda Personal Loan VS Other Lenders
| Particulars | Bank of Baroda | ICICI Bank | Citi Bank | Axis Bank | HDFC Bank | Bajaj Finserv |
| Interest Rate | 11.35% to 16.35% | 11.50% to 19.25% | Starting from 10.99% | 15.75% to 24% | 11.25% to 21.50% | Starting from 12.99% |
| Tenure | Upto 24 months | 12 to 60 months | 12 to 60 months | 12 to 60 months | 12 to 60 months | 12 to 60 months |
| Loan amount | Upto 10 lakhs | Upto Rs. 20 lakh | Upto Rs. 30 lakh | Rs. 50,000 to Rs. 15 lakh | Upto Rs. 40 lakh | Upto Rs. 25 lakh |
| Processing Fee | Upto Rs. 10,000 plus service tax | Upto 2.25% of loan amount plus GST | Upto 3% of the loan amount | 2% of loan amount plus GST | Upto 2.50% of the loan amount | Up to 3.99% of the loan amount |
| Apply Now | Apply Now | Apply Now | Apply Now | Apply Now | Apply Now |
Bank of Baroda - Customer Care
- You can call on (+679) 3311400 /3311402
- You can send an email at it.fiji@bankofbaroda.com
- You can write a letter to Bank of Baroda at 86-88 Marks Street, G.P.O. Box – 57, Suva [Fiji Islands]
- You can visit the nearest branch
FAQs
I live in semi - urban area and I am self - employed. Can I avail a personal loan from Bank of Baroda?
Yes, you can avail a loan amount of up to Rs. 5 lakh if you meet the eligibility criteria
From when should I start repaying my personal loan?
You must start paying the personal loan from the subsequent month of the loan disbursement.
How to check if I am eligible for Bank of Baroda personal loan?
You can check your loan eligibility by visiting the Paisabazaar personal loan eligibility calculator.
How do I get in touch with Paisabazaar if I have any query regarding my personal loan eligibility?
You can call Paisabazaar at 1800 208 8877 (9am – 9pm) or can send an email at care@paisabazaar.com.
