If you want to know How to take personal loan from Bank of Baroda? So this blog post is just for you, after reading this you will get the answer to all your questions easily.

But keep in mind that take a loan only if there is some emergency, such as a personal loan for education or medical.

How to take personal loan from Bank of Baroda? – How to get Personal Loan from Bank of Baroda in English?

Bank of Baroda up to Rs 15 lakh personal loan Provides @ 10% per annum. For a tenure of up to 5 years. It also provides pension loan at the rate of 9.35% p.a. to its pension account holders. It caters to all the personal financial needs of the applicants, be it a medical emergency, marriage or home renovation. Bank of Baroda offers personal loans at attractive interest rates with quick processing and minimal documentation. Bank Of Baroda personal loan Read on to know more about.

Key Features of Bank of Baroda Personal Loan

  • Interest rate from 10.00% p.a. onwards
  • 9.35% p.a. (for pension loan)
  • Loan amount up to Rs 15 lakh
  • Tenure 48-60 months
  • Processing Fee 2% (Rs.1,000-10,000)+GST

Bank Of Baroda Personal Loan Types

Baroda Personal Loan

  • Objective: non speculative activities
  • Loan: Maximum – up to Rs 15 lakh (Metro & Urban) 15 lakh rupees (Semi-Urban and Rural) Minimum- Up to Rs.1 Lakh (Metro & Urban) & Up to Rs.50,000 (Semi-Urban & Rural)
  • tenure: 48-60 months

Baroda Personal Loan Kovid-19

  • Objective: For any financial requirement including temporary liquidity mismatch due to COVID-19 except speculation
  • Loan: Minimum – Rs 25,000
  • Maximum: 5 lakh rupees
  • Tenure: Up to 5 years (co-terminus with qualifying linked loan / maximum door to door maturity)

Baroda Loans to Pensioners

It can be availed by the pensioners to meet their individual requirements, barring speculations.

  • Pre-approved personal loan
  • Objective: To meet all financial requirements including liquidity mismatch due to COVID-19, barring speculation
  • Loan Amount: Up to 5 Lakhs
  • Tenure: Up to 5 years (co-terminus with maximum door to door maturity / qualifying link loan)

Eligibility for Bank of Baroda Personal Loan

  • Minimum Age – 21 Years
  • Maximum Age – Salaried: 60 Years, Non-Salaried: 65 Years
  • Employees of government bodies/private companies with at least 1 year service
  • Employees of Private Limited Companies, Proprietorship Firms, Trusts and Partnership Firms with continuous service of at least 1 year
  • NRIs/PIOs and staff members are ineligible
  • Insurance agent in business for at least last 2 years
  • Self-employed businessmen with at least 1 year of stable business
  • Self-employed professionals like doctors, engineers, company secretaries, architects, interior designers, etc. with at least 1 year of stable occupation

Documents Required for Bank of Baroda Personal Loan

Following are the common documents required to avail Bank of Baroda personal loan:

  • Duly filled loan application form with passport size photograph
  • Form 135 to be submitted with details of liabilities and assets
  • Last 6 months bank statement and updated passbook
  • ID Proof such as PAN Card, Aadhar Card, Voter ID, Driving License, Passport, Employee ID issued by the organization, Certificate of Practice and Identity document issued by the concerned professional bodies such as ICFAI, ICAI, ICWA
  • Any other document required by the bank

For Salaried Applicants:

Bank of Baroda account details for the last 6 months / Salary slip of any other bank for the last 3 months

For Self Employed Applicants:

  • Income tax return of last 1 year
  • Profit and Loss Statement, Income Calculation and Balance Sheet for the last 1 year
  • Income Tax Challan / Clearance Certificate / IT Assessment / TDS Certificate (Form 16A) / Form 26AS
  • Professional Proof: Certificate of Registration, Gomasta License, Service Tax Registration, etc.

Bank Of Baroda Customer Care Number

The customer can contact the Bank of Baroda customer through any of the following means:
toll free number: 1800-258-4455 / 1800-102-4455Branch Visit: You can visit the nearest Bank of Baroda branch to get your queries answered

How to apply for a loan from Bank of Baroda?

Select loan type: first of all this Link Go to and choose the type of loan you wish to avail

Eligibility: Before starting any kind of loan application process, you must ensure whether you are actually eligible for the loan or not

Submit Documents: After you have a rough idea of ​​the loan amount that you will get, you can move on to the next step of the loan application process. You have to fill the loan application form. You can fill the online form directly through the bank’s website.

Get loan in bank: Once you successfully complete the above mentioned steps the loan will be transferred to your bank account

Read also:

What are the types of business loan?

What are the types of personal loans?

We hope that after reading this blog post your questions from Bank of Baroda How to take personal loan? (How to get Personal Loan from Bank of Baroda in English You must have easily found the answer to this question.