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 (BOB) Personal Loan Highlights
Interest rate	Floating rates- 10.40%-17.75% p.a. Fixed rates- 11.15%-18.20% 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 3rd July 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	14.15%-17.75%
Category B : (Employee of Private / Public, Trust, LLP, Insurance Agent, Self Employed Professional and business persons) having account relationship with Bank of Baroda	12.15%-15.75%
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	11.40%-15.75%
Gold: Same target customers as mentioned in the Silver Category, however, the salary account must be with the Bank of Baroda	10.90%-15.75%
Govt Employees/defence personnel maintaining salary accounts with Bank of Baroda under scheme code SB 182 & 186	10.40%-10.90%

 

Loan Product	Interest Rates (p.a.)
Baroda Loan to Pensioners	11.15% (digital) 11.65% (non-digital)
Baroda Digital Pre-approved Personal Loan	11.90%-15.40%
Baroda Digital Personal Loan	11.90%- 17.25%

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	14.90%-18.20%
Category B: (Employee of Private / Public, Trust, LLP, Insurance Agent, Self Employed Professional and business persons) having account relationship with Bank of Baroda	12.95%-15.20%
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	11.90%-14.25%
Gold: Same target customers as mentioned in the Silver Category, however, the salary account must be with the Bank of Baroda	11.40%-14.25%
Govt Employees/defence personnel maintaining salary accounts with Bank of Baroda under scheme code SB 182 & 186	11.15%-11.65%

Bank of Baroda Personal Loan Fees and Charges

Particulars	Charges
Processing Fees	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)
Processing Fees	For Pensioners/Family Pensioners- Rs 1,000
Prepayment Charges	3% + GST on amount paid during the first 3 years of loan tenure.
Penal Charges	2% on the outstanding loan amount

Key Features of Bank Of Baroda Personal Loan

Purpose

The loan proceeds can be used for any personal purposes such as wedding, medical emergency, education, home renovation, etc., except for speculation.

Interest Rate 

Bank of Baroda Personal Loan interest rates start from 10.40% p.a. onwards. Bank of Baroda offers both fixed and floating interest rates to its personal loan applicants.

Repayment Tenure

Government individuals having their salary account with Bank of Baroda are offered a repayment period of up to 7 years, whereas those having their salary accounts with some other bank are offered a repayment tenure of up to 6 years. For other applicants of Bank of Baroda Personal Loan, the repayment tenure is up to 5 years.

Repayment Capacity 

Government employees having their salary account with Bank of Baroda should have a repayment capacity of 75% of their gross monthly income while those having their salary accounts in some other bank should have a repayment capacity of 70% of gross monthly income. For other applicants, the repayment capacity ranges from 40-70% of the gross monthly income depending on their monthly income.

Why Should One Opt for BOB Personal Loan

Bank of Baroda offers competitive interest rates to its personal loan applicants. Government employees having their salary accounts with Bank of Baroda are offered preferential interest rates. The bank also offers pre-approved personal loans to its select existing customers with instant loan disbursal. Bank of Baroda also offers Digital Personal Loans making the loan application process easy and hassle-free. Pensioners and family pensioners drawing their pension from Bank of Baroda can also avail personal loan from the bank at low interest rates.

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.
• Co-applicants are not allowed.

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 BOB 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

Documents Required for Bank of Baroda Digital Pre-approved Personal Loan

• Mobile Number linked with Bank of Baroda account
• Aadhar number for receiving OTP for e-signature and e-stamping

Bank of Baroda Personal Loan Customer Care Number

• Toll free Number- 18005700/180050000
• Email- cs.ho@bankofbaroda.com

FAQs on Bank of Baroda Personal Loan

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

Bank of Baroda offers personal loans interest rates starting from 10.40% p.a. Onwards.

What is the minimum CIBIL Score required to avail Bank of Baroda Personal Loan?

Bank of Baroda has not mentioned the CIBIL Score required to avail Bank of Baroda Personal Loan. However, applicants having a CIBIL Score of 750 and above have higher chances of availing personal loan at lower interest rates.

Does Bank of Baroda offer pre-approved personal loans?

Yes, Bank of Baroda offers pre-approved personal loans branded as Baroda Digital Pre-approved Personal Loans to its select existing customers having a good credit profile.

Does Bank of Baroda levy any foreclosure charges on its personal loan applicants?

For floating rate personal loans, no foreclosure charges are charged by Bank of Baroda. However, for fixed rate personal loans, the lender charges a foreclosure fees of 3% on the amount pre-paid on the first 3 years of loan tenure. 

Can a self-employed individual avail BOB Personal Loan?

Yes, Bank of Baroda offers personal loans to both salaried and self-employed individuals depending on their credit profile.

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