Taking the lead in easing the financial stress of retail banking customers, the Bank of Baroda has rolled out an exclusive Personal Loan product for its existing retail customers.
Being a Bank of Baroda customer of any of the retail loans such as Home Loan, Loan Against Property, or Auto Loan, you can Apply for a Personal Loan up to Rs 5 lakhs and confidently tide through the liquidity crunch caused due to the COVID 19 pandemic.
The customers need to approach their home branches to avail of the offer. In a bid to ease the liquidity crunch of its customers, the BOB has offered a much lower rate of interest for COVID 19 Personal Loan. This scheme is open to customers until September 30, 2020.
In order to be eligible for Bank of Baroda Covid19 Personal Loan, you should have a running loan with a fair credit rating. Here is a quick list of eligibility and other details about the BOB Covid19 Loan Scheme.
The BOB has already reduced its Repo Linked Lending Rate by 75 basis points, ensuring complete benefit transmission to customers after RBI’s repo rate cut.