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Bank of Baroda Marriage Loan

Bank of Baroda Marriage Loan is not offered as a separate scheme or variant of Bank of Baroda Personal Loan. Individuals seeking to avail Bank of Baroda Marriage Loans can opt for the various personal loan schemes offered by the bank to meet their wedding related expenses. Pensioners maintaining their pension accounts with Bank of Baroda can avail Bank of Baroda Pension Loan to manage their wedding related expenses.
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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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Bank of Baroda Marriage Loan Interest Rates

Bank of Baroda Personal Loan interest rates start from 11.05% p.a. The personal loan interest rates for availing Bank of Baroda marriage loans are based on factors like the loan applicants’ credit score, occupation profile and employer’s profile.

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 14.90%-18.50%
Category B : (Employee of Private / Public, Trust, LLP, Insurance Agent, Self Employed Professional and business persons) having account relationship with Bank of Baroda 12.90%-16.50%
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 12.15%-16.50%
Gold: Same target customers as mentioned in the Silver Category, however, the salary account must be with the Bank of Baroda 11.65%-16.50%
Govt Employees/defence personnel maintaining salary accounts with Bank of Baroda under scheme code SB 182 & 186 11.15%-11.65%
Loan Product Interest Rates (p.a.)
Baroda Loan to Pensioners 11.90% (digital)12.40% (non-digital)
Baroda Digital Pre-approved Personal Loan 12.65%-16.15%
Baroda Digital Personal Loan 12.65%- 18.00%

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</td 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 salary account with other Bank 12.00%-14.35%
Gold: Same target customers as mentioned in the Silver Category, however, 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%

Although the bank has not specified the role of their loan applicants’ monthly income, EMI/NMI Ratio, work experience (for salaried) or business continuity (for self-employed), etc. for availing personal loan for marriage from Bank of Baroda, most lenders consider these factors for setting the personal loan interest rates for applicants availing loans for marriage.

Bank of Baroda Marriage Loan Processing Fees

Particulars Rates
Processing fees Up to 2% (Maximum Rs 10,000)

Also Read: Processing fees for personal loans

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Penal Charges

Stated below are the penal charges levied on delayed payments of principal and interest:

Sanction loan amount Penal charges
Up to Rs. 10,000 NIL
Above Rs. 10,000 2% p.a. on the amount of default

Bank of Baroda Marriage Loan Eligibility Criteria

Loan applicants planning to avail personal loan for marriage from Bank of Baroda can opt for its personal loan scheme to meet their wedding related expenses. The Personal Loan Eligibility criteria set for loan applicants availing Bank of Baroda Personal Loans are as follows:

  • Minimum age - 21 years
  • Maximum age - 60 years (for salaried) and 65 years (for non-salaried)
  • Employees of government bodies/private companies with a service of at least 1 year
  • Employees of private limited companies, proprietorship firms, trusts and partnership firms with continuous service of at least 1 year
  • Insurance agents in business for at least last 2 years
  • Self-employed businessmen with at least 1 year of stable business
  • Self-employed professionals like doctors, engineers, company secretaries, architects, interior designers, etc. with at least 1 year of stable business
  • NRI/PIO and the members of the staff are ineligible

Additionally, Bank of Baroda may also consider the credit scores of their marriage loan applicants to determine their eligibility for availing personal loan like other lenders. Personal loan applicants with low or zero credit scores can avail the Step Up Credit Card co-branded with SBM Bank India Ltd., a lifetime free secured credit card issued by Paisabazaar.com against fixed deposits of SBM Bank, in order to maintain or improve their scores. Loan applicants who have managed to improve their credit scores have a better chance of availing the Bank of Baroda Personal Loan variants offered by the lender. Prospective marriage loan applicants should also use the Bank Of Baroda Personal Loan EMI Calculator to determine the EMIs and loan tenures based on their repayment capacity.

Documentation for availing Bank of Baroda Marriage Loan

Identity proof

  • PAN card
  • Aadhar card
  • Voter ID
  • Driving license
  • Passport
  • Employee ID issued by the organization,
  • Practice certificate and identity document with photo issued by professional bodies like ICFAI, ICAI, ICWA.

Proof of residence (any one)

  • Valid passport
  • Voter id card
  • Driving license
  • Postpaid utility bill (electricity bill and gas bill)
  • Registered rent agreement
  • Updated passbook/bank account statement

For salaried applicants

  • A/c statement for last 6 months of Bank of Baroda/any other bank
  • Salary slips for last 3 months
  • Know more about the documents required for Personal loan for salaried

For self-employed applicants

  • Income tax returns for past 1 year
  • Profit and loss statement, income computation and balance sheet for last 1 year
  • Clearance certificate/IT assessment and Income tax challan/TDS certificate(Form 16A)/Form 26 AS for the income declared in ITR
  • Business proofs: Registration certificate, Gomasta license, Service tax registration, etc.

Other Documents

  • Form 135 with details of liabilities and assets should be submitted along
  • Last 6 months bank statement and updated passbook
  • Duly filled loan application form with passport size photographs

Note: Loan applicants availing Bank of Baroda Marriage Loans may need to submit additional documents based on their profile.

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

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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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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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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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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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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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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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