Bank of Baroda offers personal loan at an interest rate starting from 10.10% p.a. for repayment tenure of up to 5 years. The Personal Loan Interest rates depend on various factors, such as income, age, credit score, nature of employment, work experience, etc.
|Interest Rate||10.10% p.a.|
|Processing Fee||2% of loan amount (minimum Rs. 1,000 & maximum Rs. 10,000)|
|Loan Tenure||48 - 60 months|
|Loan Amount||Rs. 25,000 to Rs. 10 lakhs|
|Credit Score||650 or above|
|Lowest EMI per Lakh||Rs. 2,125|
|Overdue EMI Interest||2% on overdue amount|
|Penal interest||2% on overdue amount|
Note: now you can check your transaction made from saving account with Bank of Baroda Mini Statement Number service.
You can choose the Best Personal Loan Interest Rates for yourself but there are some factors that affects the interest rates like:
Any Query related to loan contact BOB Personal Loan Customer Care service.
Now get IDFC First Bank personal loan of Rs. 20000 to Rs. 1 Crore at lowest interest rate starting from just 10.49% per annum and the processing fee is 3.5% of the sanctioned limit + GST.
The loan amount is decided on the basis of your income and repayment capacity. The condition of the stipulated FOIR also should be satisfied. If you are employed with State/ Central Government Organisation/ PSUs/ JSUs/ Educational Institutions, with a minimum uninterrupted service of 1 year, then the FOIR should be 60% of the GMI. In other cases where the GMI is up to Rs. 75,000, the FOIR stipulated is 40% of the GMI, where the GMI is above Rs. 75,000 and up to Rs. 2 Lakhs, the FOIR should be 50% of the GMI and where the GMI is above Rs. 2 Lakhs, the FOIR stipulated is 60% of the GMI.
The minimum age at the time of submitting the application should be 21 years and the maximum age at the time of maturity of the loan should not exceed 60 years in the case of salaried individuals and 65 years in the case of the self-employed.
The loan amount provided will be between Rs. 25,000 to Rs. 10 Lakhs in the urban and metro areas and up to Rs. 5 Lakhs in semi-urban and rural areas.
If you are an existing customer of Bank of Baroda you can apply for the Personal Loan through net banking or can visit the nearest branch and submit the application along with the documents. New customers can apply online through the official website of the bank. Once the request is placed the representative of the bank will contact and give you details about the loan.
You can check your eligibility for the Bank of Baroda Personal Loan using the EMI Calculator on the bank's official website. You access the EMI Calculator and provide the details of the loan amount, loan tenure and the rate of interest and the EMI will be calculated immediately on clicking the calculator button. You can try various combinations until you arrive at the desired amount with the EMI that suits your budget.
You can make the payment of the Bank of Baroda Personal Loan through the following modes: