Personal Loan : आधार कार्ड पर पाए 50 हजार से 01 लाख तक का लोन, ऐसे करें अप्लाई

Bank of Baroda Personal Loan – Complete Guide

Bank of Baroda (BOB) offers personal loans ranging from ₹50,000 to ₹1,000,000 with flexible repayment periods of 12‑48 months. This article provides a detailed overview of eligibility criteria, interest rates, fees, required documents, and both online and offline application procedures.

Eligibility Criteria

Interest Rate & Tenure

Processing Fee

The processing fee is 1 % of the sanctioned loan amount.

Loan Amount

Minimum loan amount: ₹50,000
Maximum loan amount: ₹1,000,000

Required Documents

• Aadhaar Card
• Passport (if applicable)
• Ration Card
• Proof of Residence (e.g., Permanent Residence Certificate)
• Bank passbook statements for the last 6 months
• Voter ID Card
• Driving License (optional)
• Mobile number linked to the bank account

Online Application Process

1. Visit the official website: https://www.bankofbaroda.in
2. Click on the “Login” button (top‑right corner) and enter your User ID and password or registered mobile number.
3. Select “Personal Loan” from the menu.
4. Choose “Pre‑approved Personal Loan” and click “Proceed”.
5. Enter your mobile number; an OTP will be sent to your phone. Verify the OTP.
6. Fill in all personal and financial details accurately. Ensure the name on all documents matches the applicant’s name.
7. Enter the desired loan amount and repayment tenure, then click “Proceed”.
8. Accept the terms and conditions and verify the second OTP sent to your mobile.
9. Upon successful verification, you will receive a confirmation message that the sanctioned amount will be transferred to your bank account.

Offline Application Process

1. Obtain a personal loan application form from the nearest Bank of Baroda branch.
2. Fill in the form with accurate personal, employment, and financial details.
3. Attach the required documents listed above.
4. Submit the form to the branch officer or the bank’s loan processing desk.
5. The bank will review your application and contact you for any additional information.
6. Once approved, the loan amount will be credited to your account.

Contact Information

For further assistance, call the bank’s loan helpline at 9878981166.

Why Choose Bank of Baroda Personal Loan?

• Competitive interest rate of 9.99 % per annum.
• Flexible repayment tenure up to 48 months.
• Minimal processing fee (1 %).
• Online application available 24 hours a day.
• No additional charges for bank account holders during online application.

Frequently Asked Questions

• What is the minimum age to apply? Applicants must be at least 18 years old.
• Is a bank account mandatory? Yes, a valid bank account (any bank) is required.
• What CIBIL score is needed? A score of 750 or higher.
• How much can I borrow? Between ₹50,000 and ₹1,000,000.
• What is the processing fee? 1 % of the sanctioned loan amount.
• How long is the repayment period? 12 to 48 months.
• Can I apply online? Yes, through the official website 24/7.
• What documents are required? Aadhaar, bank statements, proof of residence, and other ID documents as listed above.
• Is there any charge for online applicants? No additional charge for Bank of Baroda account holders.
• Whom do I contact for queries? Call 9878981166.

Conclusion

Bank of Baroda’s personal loan offers a straightforward solution for individuals seeking funds between ₹50,000 and ₹1,000,000. With a low processing fee, competitive interest rate, and flexible tenure, eligible applicants can secure the loan quickly through either the convenient online portal or a traditional branch visit. Ensure you meet the eligibility criteria, gather the necessary documents, and follow the step‑by‑step application process to obtain your loan hassle‑free.

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