Some of the key features of Bank of Baroda Personal Loan include: Minimum loan amount of ₹50,000 and maximum loan amount of ₹20 lakh, Competitive interest rates, Quick and easy application process, No collateral or security required, Flexible repayment options, No prepayment No payment charges & up to 0.50% additional discount on BOB Personal Loan when applied through digital mode.
| Bank of Baroda Personal Loan Bank of Baroda Personal Loan |
| Loan Details | required documents ,Required Documents, |
| 1. Loan Type – BOB Personal Loan 2. Loan Amount (loan amount) – ₹ 50 thousand to ₹ 20 lakh 3. Loan Tenure (loan period) – up to 5-7 years 4. Interest Rate (Interest Rate) – 10.60 to 17.10% 5. Processing Fees – 1-2% of the loan amount plus GST |
1. PAN Card 2. Aadhaar Card 3. Your Photo 4. Address Proof 5. 6 Month Bank Statement 6. Salary slip of last 3 months 7. Proof of your assets 8. ITR Verification Report |
| Loan Eligibility | Loan Application |
| 1. Citizenship and passport holders of India 2. Any man or woman 3. Age above 21 years 4. Original property documents 5. Any fixed source of income 6. Good Credit Score 7. Form 135 Statement of Assets and Liabilities |
1. BOB website or branch application 2. Login with your name and mobile number 3. Fill in your required information 4. Upload the required documents 5. Submit loan application 6. Wait for loan approval 7. Transfer of loan amount to bank account after approval |
Bank of Baroda Personal Loan meets all your urgent financial needs. BOB Personal Loan is a type of unsecured loan that you can use for various purposes, such as home renovation, medical expenses, travel, education etc. BOB Bank offers Personal Loan at low interest rates with flexible repayment options to both salaried and self-employed individuals
Employees of public or private organizations with at least one year of continuous service can apply for BOB personal loan. Similarly, independent contractors seeking to apply for a personal loan must have been in business for at least one year.
To be eligible for a personal loan, the applicant must be at least 21 years old; Co-applicants are not allowed. At the end of the repayment tenure, the maximum age to apply for a personal loan is 65 years for those who are not salaried and 60 years for those who are.
It is worth noting that the interest rate, loan amount and other terms and conditions may vary depending on factors such as your credit score, income and purpose of the loan. to get more information Bank of Baroda official website or visit the nearest BOB branch.