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Home » Planning to get a Personal Loan from the Bank of Baroda? Here’s Everything You Need to Know

Planning to get a Personal Loan from the Bank of Baroda? Here’s Everything You Need to Know

Personal Loan

Personal loans are a very popular medium that provides financial assistance to pay off any personal debts. It can be taken for a variety of reasons like medical treatment, marriage, business expansion, working capital, and covering for education. There is a probability for financial institutions to ask for your guarantor in the process of granting personal loans.

The Personal Loans can be used for emergencies and also in cases wherein the bread and butter of individuals are at risk. In order to meet up with the responsibilities, you need to borrow a personal loan as soon as possible, so that you can recover from the losses and have a decent life ahead for yourself, your family members, and your dependents.

When you are acquainted with the importance of personal loans, how they came into being and their various uses, you will be able to assess your needs correctly and accordingly. Many consider an online installment loans calculator to see various payment installments related to a particular amount before proceeding with the loan.

Get a Personal Loan from the Bank of Baroda

Bank of Baroda is an Indian state-owned International banking and financial services company headquartered in Vadodara (earlier known as Baroda) in Gujarat, India. Since its inception, Bank of Baroda has grown from a small domestic banking enterprise to a multinational banking conglomerates Personal Loan from Bank of Baroda is a great option to fulfill your urgent needs. Whether you want to clear off the pending utility bills, book tickets for a family vacation, or make investments in your business, you can get the advance on time and live a stress-free life. Our personal loans give you the freedom to utilize your money in any way you want while keeping your finances intact.

Benefits of Bank of Baroda Personal Loan

  • Emergency Funds

  • Advantages over credit cards

  • No strict credit limits

  • Pay via cheque, bank transfer, or cash

  • Extended timelines for repayments

  • Flexible usage of funds

  • High borrowing amount

Features of Bank of Baroda Personal Loan

Loan Amount from Rs. 10k to Rs. 15 Lakhs

Repayment Tenure 12 to 84 months

Rate of Interest: 9.70%-17.05% p.a.

10.80% p.a. (for pensioners)

Processing Fees: 1- 2% (Rs 1,000-10,000)+GST



To be eligible for a personal loan, applicants must be employed by a government body or private company with at least one year of continuous service.

Business owners must have their business or practice for at least one year before they can apply for personal loans.

The age of the applicant must be 21-65

Loan Application

Address proof

Identity Proof

Passport size photograph

Form 135 giving details of Assets and Liabilities

Bank statement of last 6 month with updated passbook

Last 3 month salary slip

Income Tax Returns – last 1 years for Applicants ( if self employed)


No, you won’t be requiring any co-applicant for the loan procedure.

You can apply for the Bank of Baroda personal loan if your age is a minimum of 21

The highest loan amount at the bank of baroda is Rs. 15 lakhs

Yes, If you are employed by proprietorships, partnership firms, private limited companies, or trusts with a minimum continuous service of one year, you can apply for this loan.

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