When unexpected expenses hit—be it medical bills, wedding costs, or urgent travel—having quick financial support matters. Bank of Baroda Personal Loan is one of the most trusted options in India, offering competitive interest rates, flexible repayment, and fast approval.
Why Choose Bank of Baroda Personal Loan?
Here’s why thousands of people turn to Bank of Baroda personal finance solutions every year:
- ✅ Low interest rates starting from 10.90% p.a. (subject to eligibility)
- ✅ Loan amount up to ₹20 lakhs
- ✅ Flexible repayment tenure up to 84 months
- ✅ Minimal documentation & quick disbursal
- ✅ No collateral required – unsecured loan option
Bank of Baroda personal loan interest rate, Bank of Baroda EMI calculator, apply personal loan online, best personal loan in India, instant personal loan approval.
Bank of Baroda Personal Loan Interest Rates 2025
| Loan Type | Interest Rate (p.a.) | Processing Fee |
|---|---|---|
| Personal Loan (Salaried) | 10.90% – 15.50% | Up to 2% of loan amount |
| Personal Loan (Pensioners) | 11.25% onwards | Nominal charges |
| Pre-approved Personal Loan | As low as 10.90% | Zero to minimal |
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Eligibility Criteria
To qualify for a Bank of Baroda personal loan, applicants must meet these conditions:
- Salaried individuals: Age 21–60 years, minimum income ₹25,000/month
- Self-employed professionals/businessmen: Age 21–65 years, stable income proof required
- Pensioners: Must maintain a Bank of Baroda pension account
- Good CIBIL score (750+) for better approval chances
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Documents Required
- PAN Card & Aadhaar Card (KYC)
- Salary slips / ITR / Pension slip
- Bank account statement (last 6 months)
- Passport-size photographs
EMI Calculator – Plan Your Loan Smartly
Before applying, use the Bank of Baroda personal loan EMI calculator to know your monthly outgo.
👉 Example: If you take a ₹5 lakh loan for 5 years at 11% interest, your EMI will be approx ₹10,871/month.
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How to Apply Online?
Applying for a Bank of Baroda personal loan online is simple:
- Visit the official website.
- Go to Personal Loans section → Click on Apply Now.
- Fill in personal details, loan amount, and tenure.
- Upload documents for e-verification.
- Loan approval & disbursal directly to your account.
Key Benefits You Shouldn’t Miss
- Pre-approved offers for existing customers
- Top-up loan facility for ongoing borrowers
- Balance transfer option to save on high-interest EMIs
- 100% digital loan process – no branch visits needed
FAQs – Bank of Baroda Personal Loan
Q1. What is the minimum salary for Bank of Baroda personal loan?
👉 ₹25,000 per month is required for salaried applicants.
Q2. How long does it take for loan approval?
👉 Generally within 48 hours if documents are valid.
Q3. Can I foreclose my personal loan?
👉 Yes, Bank of Baroda allows foreclosure after 12 months (with nominal charges).
Q4. What is the maximum loan amount?
👉 Up to ₹20 lakhs, depending on income & eligibility.