|Loan amount||Rs. 50,000 - Rs. 10 Lakhs|
|Rate of interest||10% - 15.60% p.a.|
|Tenure||Up to 60 months|
|Lowest EMI possible||Rs. 2,125 Per Lakh|
|Processing fee||Up to 2% of the loan amount (minimum Rs. 1,000 & maximum Rs. 10,000)|
|Penal interest||2% on overdue amount|
Following are some attractive features and benefits of Bank of Baroda loan:
Bank of Baroda Personal Loan Interest Rate 2021 starts from 10% p.a. and can go up to 15.60% p.a. For regular personal loan and PAPL Bank of Baroda. For Baroda Personal Loan COVID-19, the rates start from 9.75% p.a. Interest rates for Bank of Baroda pension loan range between 7.35% p.a. to 9.35% p.a.
|Lender||Maximum Loan Amount||Maximum Tenure||Interest Rate||Processing Fee|
|Bank of Baroda||Rs. 10 Lakhs||5 years||10% - 15.60% p.a.||Up to 2%|
|Punjab National Bank||Rs. 10 Lakhs||5 years||8.80% - 11.65%||Up to 1% + GST|
|SBI||Rs. 20 Lakhs||6 years||9.60% - 15.65%||Up to 1.50% + GST|
|Canara Bank||Rs. 3 Lakhs||5 years||11.25% - 13.90%||0.50% + GST|
|UCO Bank||Rs. 10 Lakhs||5 years||10.30% - 10.55%||Up to 1%|
If you are looking for Bank of Baroda personal loan online apply through MyMoneyMantra with the following steps:
You must meet the following Bank of Baroda Personal Loan Eligibility Criteria to be eligible for the loan:
If you are looking for Bank of Baroda personal loan apply with the following documents:
The verification process for Bank of Baroda online personal loan after submitting your application is mentioned below:
To check your Bank of Baroda loan status online, follow the below-mentioned steps:
The Bank of Baroda Personal Loan EMI amount can be computed using the Personal Loan EMI Calculator available on our website under the 'Financial tools' section.
Enter the Bank of Baroda loan details, such as the Loan Amount, Interest Rate and Tenure to arrive at the EMI to be paid throughout the tenure of your loan. It will also tell you how much extra interest you are paying in totality over the principal loan amount.
For example, the EMI for 1 Lakh loan payable in 3 years tenure at 10% interest rate will be Rs. 3,227. The Bank of Baroda loan interest payable for the 1 Lakh loan is 16,162. So, the total amount payable after 3 years will be Rs. 1,16,162.
Bank of Baroda personal loan statement is a document that the bank provides to its personal loan customers every month. It has all the information about your loan EMIs paid, payable EMIs, remaining loan balance, and outstanding amount.
Following are the steps to get your personal loan statement from the Bank of Baroda:
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If you want Bank of Baroda loan apply through any of the following ways:
Through the Digital Lending Platform of the Bank of Baroda, you can get ‘In-principle sanction’ for personal loan BoB within just 30 minutes from anywhere at any time. After in-principle sanction, the time consumed in loan disbursement depends on the information as well as documentation provided by you on the platform and documents required by the bank for further processing of your loan application. If your data is accurate, you will get disbursal soon.
The unused post dated cheques (PDCs) for Baroda Personal Loan are destroyed after 45 days from the change in your repayment instructions. It is advised to write an email to the bank with your Loan Account Number or call the bank’s customer care within 45 days from the date of changing your loan repayment mode to enable them to send the old PDCs/ security post dated cheques. The PDCs are sent only to the communication address updated in the bank’s records.
Following are the modes of repayment of Bank of Baroda personal loan EMI:
Yes. You can calculate your EMI before Personal Loan sanction by using the Personal Loan EMI Calculator given online on our website.
Yes. You can make part-prepayment for your Bank of Baroda instant loan at zero charges.
No. You just need to pay the EMI for your Bank of Baroda Personal Loan repayment which consists of the principal and interest components.
Yes. The Bank of Baroda pre approved personal loan facility is available to select customers. The interest rate for pre approved micro personal loan bank of baroda starts from 10% p.a.
Personal loan interest rate in Bank of Baroda starts from 10% p.a. For regular personal loan and 9.75% for Baroda Personal Loan COVID 19.
Bank of Baroda house loan interest rates vary between 6.75% to 8.60% per annum.