BOB Personal Loan : बैंक ऑफ़ बड़ोदा दे रहा है आधार कार्ड पर ₹50000 से ₹100000 तक का लोन, ऐसे करें अप्लाई

Bank of Baroda Personal Loan – Eligibility, Process, Fees & Benefits

About Bank of Baroda Personal Loan

Bank of Baroda (BOB) offers unsecured personal loans ranging from ₹50,000 to ₹10,00,000. The loan is designed for salaried professionals and self‑employed individuals who need quick financing for personal expenses such as education, medical emergencies, wedding, or debt consolidation. The loan can be availed online or offline, and the bank provides a competitive interest rate of 9.99% per annum.

Eligibility Criteria

Loan Details

Required Documents

• Aadhaar Card (linked with mobile number)
• Passport / Driving License (any one)
• Ration Card (optional)
• Permanent Residence Proof
• Last 6 months’ bank passbook/statement of the BOB account
• Voter ID Card (optional)
• Proof of income (salary slip or income tax returns for self‑employed)

How to Apply Online

1. Visit the official website: www.bankofbaroda.in
2. Click on the “Login” button (top‑right corner) and enter your User ID & password or registered mobile number.
3. Select “Personal Loan” from the menu and choose “Pre‑approved Personal Loan”.
4. Click “Proceed”, enter your mobile number to receive an OTP, and verify it.
5. Fill in the required personal and financial details, including the desired loan amount and repayment tenure.
6. Accept the terms and conditions, verify the second OTP, and submit the application.
7. Upon approval, the sanctioned amount will be transferred to your BOB account.

How to Apply Offline

1. Visit the nearest Bank of Baroda branch with a completed personal loan application form.
2. Collect information about the various loan schemes offered by the bank.
3. Submit the form along with the required documents to the loan officer.
4. Contact the bank’s loan helpline at 9878981166 for any queries or follow‑up.
5. Once approved, the loan amount will be credited to your BOB account.

Key Benefits

• 24 × 7 online application – apply anytime, anywhere.
• Instant EMI calculator available on the website.
• No additional processing fee for existing BOB account holders (only 1% of loan amount).
• Quick disbursal directly to the borrower’s BOB account.
• Flexible repayment tenure (12‑48 months).

Official Links

• Bank of Baroda official website: https://www.bankofbaroda.in

Frequently Asked Questions

• What is the minimum and maximum loan amount? Minimum ₹50,000 and maximum ₹10,00,000.
• Can I apply without a Bank of Baroda account? No, an existing BOB account is mandatory.
• Is there any processing fee? Yes, a processing fee of 1% of the sanctioned loan amount is charged.
• What credit score do I need? A CIBIL score of 750 or higher.
• How long does the loan disbursal take? After approval, the amount is transferred directly to your BOB account, usually within a few business days.
• Are there any pre‑payment penalties? The notification does not mention any pre‑payment charges.
• What documents are mandatory? Aadhaar, proof of income, last 6 months’ bank statement, and identity proof (passport, driving licence, or voter ID).
• Can self‑employed individuals apply? Yes, provided they meet the income and credit score criteria.
• Is the interest rate fixed? The advertised rate is 9.99% p.a.; any changes will be communicated by the bank.
• How can I calculate my EMI? Use the online EMI calculator available on the Bank of Baroda website.

Conclusion

Bank of Baroda’s personal loan offers a convenient financing solution with a reasonable interest rate, flexible tenure, and a straightforward online application process. Eligible borrowers with a good credit score and a minimum monthly income of ₹25,000 can quickly secure funds ranging from ₹50,000 to ₹10,00,000. By following the step‑by‑step guide above, you can apply online without visiting a branch or opt for the offline route if you prefer personal assistance.

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