Bank of Baroda Personal loan details|Bank of baroda loan2021

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Bank Of Baroda Personal loan

Hello, welcome to today’s post. If you want that you can take a good amount as a personal loan from a trusted bank and you could get the loan easily. The interest rates of the loan are also low and you can use the loan for a good time.

Today we are going to tell you a very good solution to this problem . Today we are going to tell you how to take a personal loan from Bank of Baroda? What are the interest rates of Bank of Baroda personal loan? And for how long can you take this loan? If we apply for this loan then what will be the interest rate of this loan? And other important points related to this loan , we are going to tell you all through this post.

In today’s post, we will tell you how to take a personal loan from Bank of Baroda ? What are the Bank of Baroda personal loan interest rates? What is the age required to avail personal loan from Bank of Baroda ? What are the documents required to take a loan ? How can you apply for this loan? You will get the solutions of all the important questions through this post, so let’s start this post now.

1.Bank of Baroda Personal loan in brief :-

Point Explanation
Loan NameBank of baroda personal loan
Interest rates 10.50% to 12.50%
Tenure 48 to 60 months
Processing Fees @2% of loan amount
Minimum Rs. 1000+ GST
Maximum Rs. 10,000 + GST
Minimum required age 21 years

loan amount Rs. 1,00,000 to Rs. 10,00,000
required documents ID Proof , Address Proof , bank passbook , Passport size photos etc.
Official website https://www.bankofbaroda.in
Bank Of Baroda Personal loan
Bank of Baroda Personal loan

2.What is Bank of Baroda Personal Loan?

Bank of Baroda offers you a personal loan that you can easily avail to meet your financial requirements.

Bank of Baroda Personal Loan is a very simple and great solution to your financial needs. There are many benefits you will get by taking this loan. And you do not have any risk in taking this loan. Because you get this bank loan from a trusted bank.

You can take this loan for your needs like starting a new business, marriage or other financial needs in your house.

Read more: How to apply for SBI Personal loan |Everything you need to know about SBI Personal loan

3.What will be the interest rate of Bank of Baroda personal loan?

Bank of Baroda personal loan interest rates will be as follows:-

For all those individuals who are existing customers of Bank of Baroda (for at least 6 months)10.50%
For applicants who have accounts in banks other than Bank of Baroda 12.50%

4.What will be the processing fee of Bank of Baroda Personal Loan?

If you apply for a personal loan from Bank Baroda then the processing fee will be as follows:-

2% of loan amountMinimum Rs.1000 + GST
Maximium Rs.10,000 + GST

5.What is the maximum and minimum age limit to take personal loan from Bank of Baroda?

If you apply for a personal loan from Bank of Baroda, then your required age limit will be as follows:-

Minimum 21 Years
MaximumFor salariedBorrower’s age + loan repayment time or retirement age should not exceed 60 years.
For non-salaried Borrower’s age + Repayment time should not be more than 65 years.

6.How much amount can you take as a personal loan from Bank of Baroda?

If you apply for a personal loan from Bank of Baroda, then the maximum and minimum loan amount that you can take can be as follows:-

Maximum  For metro cities and urban areas₹ 10,00,000
For semi urban and rural areas₹ 5,00,000
Minimum For metro cities and urban areas ₹1,00,000
For semi urban and rural areas ₹50,000

7. For how long can you take this loan?

If you apply for a personal loan from Bank of Baroda, then you can take this loan for a tenure ranging from 48 to 60 months .

8.Bank of Baroda personal loan foreclosure charges:-

If you take a personal loan from Bank of Baroda and if you get the loan foreclosed, then you do not have to pay any foreclosure charges.

9.Bank of Baroda Personal loan EMI calculator:-

If you want to calculate the EMI of Bank of Baroda personal loan, then you can calculate your loan EMI through our website Moneynext.in. To calculate EMI, you have to scroll down on the homepage of this website. At the bottom you will find an EMI calculator so that you can easily calculate your EMI.

Or you can calculate by visiting the official website of Bank of Baroda.

Read more: How to apply for SBI Personal loan |Everything you need to know about SBI Personal loan

10.What is the eligibility criteria for availing personal loan from Bank of Baroda?

*) This loan can be taken by all those persons who are employees in Central or State Government, employees in public limited companies or educational institutions and have worked continuously for at least 1 year.

*) If you are an employee of a private company, then you must have at least 1 year of work experience.

*) Insurance agents can also apply for this loan, they must have minimum 2 years of business experience.

*) Self-employed professionals (doctors, engineers, architects, interior designers, management consultants, company secretaries) etc. can also apply for this loan, they should have minimum 1 year experience in their work.

*) Self employed employed business persons can also apply for this loan, they should have minimum 1 year experience

*) Staff members cannot apply for this loan

*)Co-applicant

If you apply for this loan, then your application is considered on individual basis, you will not need a co-applicant in this.

*)Your minimum required age will be 21 years.

11.What are the documents required to apply for Personal Loan from Bank of Baroda?

*) Well filled application form

*) Three passport size photographs

*)Bank statement of last 6 months and updated passbook

*)Proof of residence which may contain any of these documents

-Valid passport

-Voter ID card

-Driving license

Postpaid utility bill (gas bill and electricity bill)

*)Updated passbook bank account statement

*)Proof of Identity

-PAN card

-Aadhar card

– Passport

-Voter ID Card

-Driving license

If you are a salaried person then:-

*)Salary slip of last 3 months

*) Bank account statement for the last 6 months

If you are a self employed then:-

*) Proof relating to computation of income of last 1 year

*) Proof related to income tax returns for the last 1 year

*)Business proof

*) registration certificate

*) service tax registration

12.Bank of Baroda personal loan special features:-

*)Minimum requirements

If you have work experience of at least one year in any government organization or private company, then you can apply for this loan. Similarly, if you are self-employed professionals or business Persons, you can still apply for this loan. If you have minimum experience of 1 year in your work.

*) Minimum age required

If you want to apply for personal loan from Bank of Baroda then your minimum required age should be 21 years. If you apply for this loan then your maximum age till the repayment of loan, 60 years( if you are a salaried individual) and 65 years (if you are a non-salaried individual).

No co-applicant required

You do not need any co-applicant if you apply for this loan

Good loan amount

Through this loan, you can take a good loan amount in the form of loan. The amount you can take in the loan will vary according to your location. If you live in metro cities or in urban areas then the loan amount can range from ₹ 1,00,000 to ₹ 10,00,000. If you apply for this loan from semi urban areas or rural areas then the loan amount will range from ₹50,000 to ₹5,00,000.

Minimum processing charges

If you apply for this loan then you will have to pay very low processing charges which will be 2% + GST ​​of the loan amount, it can be minimum Rs 1000+ GST ​​and maximum Rs 10000 + GST.

13.What are the benefits of applying for a personal loan from Bank of Baroda?

Higher borrowing amount

If you apply for a personal loan from Bank of Baroda, then you get a good amount in the form of loan.

Extended timelines for repayment

If you apply for a personal loan from Bank of Baroda, you get a good time for repayment

Flexible repayment types

You can repayment of personal loan taken from Bank of Baroda in the form of various types such as cheque, bank transfer or cash.

Emergency Fund

If you take a personal loan from Bank of Baroda, then you get the facility of Emergency Fund in this.

Customer care number related to Personal loan :- 1800 102 77 88

15.How to Apply for Bank of Baroda Personal Loan?

You can apply both offline or online for Bank of Baroda’s personal loan, we have explained both here.

OFFLINE APPLY

If you want to apply offline for Bank of Baroda personal loan then you have to visit any nearest branch of Bank of Baroda. You have to carry all your documents with you while applying for the loan. The concerned staff of the bank will assist you in taking the loan. In this way you will be able to take loan.

apply online

You will be able to apply for this bank loan online in the following steps:-

*) First of all you have to visit the official website of Bank of Baroda.

*) Now you have to click on the personal loan tab and click on the apply now button.

*) Now you have to register yourself by filling your name and mobile number etc. details here.

*) After this you will now have to verify your account through your mobile number.

*)In the further process you have to select whether you are an existing customer or not. Thereafter you have to upload all required documents. By doing this you can apply easily.

Read more: How to apply for SBI Personal loan |Everything you need to know about SBI Personal loan

What is the maximum tenure for which Bank of Baroda personal loan can be availed?

If you are applying for personal loan from Bank of Baroda, then if you are an employee in any government organization then you can take this loan for maximum 60 months and other person can take this loan for 48 months.

What will be the processing fee for availing Bank of Baroda personal loan?

If you apply for a personal loan from Bank of Baroda, then your minimum processing fee will be 2% of the loan amount + GST ​​which can be minimum ₹ 1000 and maximum can be ₹ 10000.

What is the minimum period for which this loan can be taken?

If you apply for Bank of Baroda personal loan then you can take this loan for minimum 12 months.


What will be the minimum EMI for Bank of Baroda personal loan loan of ₹ 1,00,000?

The minimum EMI for Bank of Baroda personal loan is Rs 2149 on a loan of ₹ 1,00,000.

What will be the interest rates on Bank of Baroda personal loan?

Bank of Baroda personal loan interest rates will be between 10.50% to 12.50%.

What is the customer care number for Bank of Baroda personal loan?

Bank Of Baroda Toll Free Customer Care Number is 1800 102 77 88.

What is the maximum amount that can be taken as a personal loan from Bank of Baroda?

If you apply for a personal loan from Bank of Baroda, then if you come in urban areas or metro cities, then you can take a maximum loan of up to ₹ 10,00,000 through this loan and if you are in semi urban and rural areas you will be able to take a maximum loan of up to ₹ 5,00,000 through this loan.

17.Last words:-

In today’s post, we have told you every single point about Bank of Baroda personal loan carefully and in detail. After reading this post, we hope that you have got answers to almost all your questions. Through this post, we have given you all the questions related to Bank of Baroda personal loan like what will be the age required to take this loan and if you take this loan then how much amount you will have to pay as processing fee.

For how long can you take this loan? What are the documents required to take this loan? What are the documents required if you apply for this loan? We have provided information about all these things to you through this post.

In this post, we have also told you about some commonly asked questions. You may also have some of these questions. In this post, we have also given you information about the special toll free customer care number related to personal loan of Bank of Baroda. If you apply for this loan, then we have also provided you this information on how you will be able to apply for this loan both online and offline.  

Now we hope that you have got the answers of all the questions related to your Bank of Baroda Personal Loan, if you have any other query related to this loan then you can ask us your question through comment and if your If you have any suggestion related to this loan that you want to give us, then you can also tell us in the form of a comment.

If you liked this post, then please share it with your familiar people so that they could also get information about this loan.

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Thank you for reading this post till the end……

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