{"id":14596,"date":"2024-08-17T16:09:06","date_gmt":"2024-08-17T10:39:06","guid":{"rendered":"https:\/\/fly.finance\/blog\/?p=14596"},"modified":"2024-08-17T16:09:09","modified_gmt":"2024-08-17T10:39:09","slug":"bank-of-baroda-personal-loans","status":"publish","type":"post","link":"https:\/\/fly.finance\/blog\/personal-loan\/bank-of-baroda-personal-loans\/","title":{"rendered":"Bank of Baroda Personal Loans: Interest Rates, Eligibility, How to Apply"},"content":{"rendered":"\n<p>Bank of Baroda, one of the leading Indian banks offer personal loans at attractive interest rates. They are popular for quick processing and minimal documentation. Various schemes are available under the Bank of Baroda personal loan for different purposes and categories of individuals. You can also apply for pre-approved and digital personal loans online and offline. To know more about the documents required, eligibility, and other details, continue reading the blog.<\/p>\n\n\n\n<div class=\"wp-block-yoast-seo-table-of-contents yoast-table-of-contents\"><h2 id=\"table-of-contents\">Table of contents<\/h2><ul><li><a href=\"#h-overview-of-bank-of-baroda-personal-loans\" data-level=\"2\">Overview of Bank of Baroda Personal Loans<\/a><ul><li><a href=\"#h-example-of-bank-of-baroda-personal-loan\" data-level=\"3\">Example of Bank of Baroda Personal Loan<\/a><\/li><\/ul><\/li><li><a href=\"#h-benefits-of-bank-of-baroda-personal-loans\" data-level=\"2\">Benefits of Bank of Baroda Personal Loans<\/a><\/li><li><a href=\"#h-bank-of-baroda-personal-loans-interest-rates\" data-level=\"2\">Bank of Baroda Personal Loans Interest Rates<\/a><ul><li><a href=\"#h-bank-of-baroda-digital-personal-loan-interest-rates\" data-level=\"3\">Bank of Baroda Digital Personal Loan Interest Rates<\/a><\/li><\/ul><\/li><li><a href=\"#h-pre-approved-bank-of-baroda-personal-loans\" data-level=\"2\">Pre-Approved Bank of Baroda Personal Loans<\/a><\/li><li><a href=\"#h-eligibility-criteria\" data-level=\"2\">Eligibility Criteria<\/a><\/li><li><a href=\"#h-documents-required\" data-level=\"2\">Documents Required<\/a><\/li><li><a href=\"#h-how-to-apply-for-bank-of-baroda-personal-loans\" data-level=\"2\">How to Apply for Bank of Baroda Personal Loans?<\/a><\/li><li><a href=\"#h-faqs\" data-level=\"2\">FAQs<\/a><\/li><\/ul><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-overview-of-bank-of-baroda-personal-loans\"><span id=\"overview-of-bank-of-baroda-personal-loans\">Overview of Bank of Baroda Personal Loans<\/span><\/h2>\n\n\n\n<p>Bank of Baroda personal loans are offered up to INR 20 lakhs considering your occupation and account relationship with the bank. They are offered at competitive interest rates starting from 12.90% p.a. However, these rates go up to 18.25% p.a based on your monthly income and credit score, meaning that the interest rates will be high if your&nbsp;<a href=\"https:\/\/fly.finance\/blog\/personal-loan\/personal-loan-with-low-cibil-score\/\"><strong>personal loan with a low CIBIL score<\/strong><\/a>&nbsp;is approved.<\/p>\n\n\n\n<p>The bank offers flexible repayment tenure starting from 12 months to 60 months. However, when applying for BoB personal loans, you are required to pay a processing fee of 2% of the loan amount and the stamp duty as per the State jurisdiction.<\/p>\n\n\n\n<p>You can apply for personal loans from the Bank of Baroda online. Their 24\/7 online application on their dedicated online platform offers you the convenience to apply from anywhere, anytime. An end-to-end paperless process also makes the application process smooth and hassle-free.<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-fixed-layout\"><tbody><tr><td>Maximum Loan Amount<\/td><td>Up to INR 20 lakhs<\/td><\/tr><tr><td>Interest Rates<\/td><td>12.90% to 18.25% p.a<\/td><\/tr><tr><td>Repayment Tenure<\/td><td>12 months to 60 months (Up to 5 years)<\/td><\/tr><tr><td>Processing Charges<\/td><td>2% of the loan amount(minimum INR 1,000, maximum INR 10,000 + GST)<\/td><\/tr><tr><td>Types of BoB Personal Loans<\/td><td>Baroda Loan for Pensioners, Baroda Digital Personal Loan, Baroda Digital Pre-approved Personal Loans<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"has-pale-ocean-gradient-background has-background\"><strong>Also Read: Know all about the&nbsp;<\/strong><a href=\"https:\/\/fly.finance\/blog\/money-transfer\/bank-of-baroda-forex-card\/\"><strong>Bank of Baroda Forex Card<\/strong><\/a><strong>&nbsp;for students that enables you to manage money and international transactions abroad easily.<\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-example-of-bank-of-baroda-personal-loan\"><span id=\"example-of-bank-of-baroda-personal-loan\">Example of Bank of Baroda Personal Loan<\/span><\/h3>\n\n\n\n<p>Let us consider an example of Bank of Baroda&#8217;s digital personal loans. Rahul is a salaried employee who applied for a loan of INR 1 lakh at an interest rate of 12.40% p.a. He has to repay the loan in 36 months (3 years).<\/p>\n\n\n\n<p>Bank of Baroda will charge him 2% of the loan amount as processing charges and applicable stamp duty. For example- stamp duty of INR 1,000 and processing charge of INR 2,000 + GST (INR 360). The total cost for him will be INR 3,360.<\/p>\n\n\n\n<p>The bank will disburse INR 96,640 directly to his account. He can start the repayment after the amount is credited to his account. The loan repayment EMI will be INR 3,341. The total amount of interest payable is INR 20,260 and the total amount payable is INR 1,20,260.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-benefits-of-bank-of-baroda-personal-loans\"><span id=\"benefits-of-bank-of-baroda-personal-loans\">Benefits of Bank of Baroda Personal Loans<\/span><\/h2>\n\n\n\n<p>Bank of Baroda personal loans are unsecured loans offered to provide funds for short-term financial needs. The bank offers easy and quick financial assistance to use the loan amount for any purpose like marriage, travel, covering medical expenses, or education like the&nbsp;<a href=\"https:\/\/fly.finance\/blog\/education-loan\/bank-of-baroda-education-loan\/\"><strong>Bank of Baroda education loan<\/strong><\/a>, or any other. Personal loans from the Bank of Baroda offer many benefits-<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The bank offers emergency funds of up to INR 20 lakhs.<\/li>\n\n\n\n<li>Offers pre-approved personal loan offers for existing customers.<\/li>\n\n\n\n<li>You can benefit from extended repayment periods of up to 7 years.<\/li>\n\n\n\n<li>The application process required minimal documentation.<\/li>\n\n\n\n<li>Options to choose between floating and fixed rates of interest on Baroda personal loans.<\/li>\n\n\n\n<li>There are no prepayment penalties for floating-rate loans.<\/li>\n\n\n\n<li>You can repay the loan easily via cheque, bank transfer, or cash.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-bank-of-baroda-personal-loans-interest-rates\"><span id=\"bank-of-baroda-personal-loans-interest-rates\">Bank of Baroda Personal Loans Interest Rates<\/span><\/h2>\n\n\n\n<p>Bank of Baroda offers low and attractive interest rates to those with an excellent credit score and stable monthly income. These range from 12.90% to 18.25% p.a. These interest rates are linked with your CIBIL score and are calculated based on your professional and financial income.<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-fixed-layout\"><tbody><tr><td colspan=\"2\"><strong>Bank of Baroda Personal Loan Interest Rates<\/strong><\/td><\/tr><tr><td><strong>Condition<\/strong><\/td><td><strong>Effective Rate of Interest<\/strong><\/td><\/tr><tr><td>For Govt employees or defence personnel maintaining a salary account with the Bank of Baroda<\/td><td>11.15% to 11.90% p.a<\/td><\/tr><tr><td>For employees of central. state\/ PSUs\/ autonomous bodies having a salary account with the bank<\/td><td>11.40% to 16.25% p.a<\/td><\/tr><tr><td>For employees of central. state\/ PSUs\/ autonomous bodies having a salary account with OTHER banks<\/td><td>11.90% to 16.75% p.a<\/td><\/tr><tr><td>Employees of public\/ private. LLP, insurance agents, self-employed and business professionals having account relationships with the bank<\/td><td>12.95% to 16.75% p.a<\/td><\/tr><tr><td>Employees of public\/ private. LLP, insurance agents, self-employed and business professionals having account relationships with OTHER banks<\/td><td>14.90% to 18.75% p,a<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-bank-of-baroda-digital-personal-loan-interest-rates\"><span id=\"bank-of-baroda-digital-personal-loan-interest-rates\">Bank of Baroda Digital Personal Loan Interest Rates<\/span><\/h3>\n\n\n\n<p>You can apply for fixed or floating interest rates as per your needs and financial stability. The fixed rate of interest is calculated based on&nbsp;<a href=\"https:\/\/fly.finance\/blog\/full-form\/mclr-full-form\/\"><strong>MCLR (Marginal Cost of Lending-based Funds)<\/strong><\/a>&nbsp;and the floating interest rates are calculated based on Bank of Baroda&nbsp;<a href=\"https:\/\/fly.finance\/blog\/full-form\/full-form-on-rllr\/\"><strong>RLLR (Repo-rate Linked Lending Rate)<\/strong><\/a>.<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Type of Interest Rate<\/strong><\/td><td><strong>Applicable Rate of Interest<\/strong><\/td><td><strong>Effective Rate of Interest<\/strong><\/td><\/tr><tr><td>Fixed ROI<\/td><td>Min: 1 year MCLR + SP + 3.80<br>Max: 1 year MCLR + SP + 9.15<\/td><td>13.00% to 18.35% p.a.<\/td><\/tr><tr><td>Floating ROI<\/td><td>Min: 1 year BRLLR + SP + 3.80<br>Max: 1 year BRLLR + SP + 8.855<\/td><td>12.90% to 18.25% p.a.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"has-pale-ocean-gradient-background has-background\"><strong>Also Read: Know all the details of&nbsp;<\/strong><a href=\"https:\/\/fly.finance\/blog\/education-loan\/bank-of-barodas-edp-education-loan-for-abroad-studies\/\"><strong>Bank of Baroda\u2019s EDP education loan for abroad studies<\/strong><\/a><strong>. Check out the interest rates, eligibility, documentation, and how to apply.<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-pre-approved-bank-of-baroda-personal-loans\"><span id=\"pre-approved-bank-of-baroda-personal-loans\">Pre-Approved Bank of Baroda Personal Loans<\/span><\/h2>\n\n\n\n<p>Besides the Digital Personal Loans from Bank of Baroda, the bank also offers Pre-approved Personal Loans. These unsecured loans are offered to the existing customers of the bank who fulfil the eligibility criteria. If you have an excellent<a href=\"https:\/\/fly.finance\/blog\/personal-loan\/cibil-score-for-personal-loans\/#:~:text=The%20ideal%20CIBIL%20score%20for,to%20negotiate%20the%20interest%20rates.\"><strong>\u00a0CIBIL score for personal loans<\/strong><\/a>\u00a0and a stable source of income, you can access funds quickly without the usual extensive application process.<\/p>\n\n\n\n<p>The maximum amount of loan offered is up to INR 5 lakhs. Interest rates on pre-approved Bank of Baroda personal loans are low, ranging from 12.90% to 16.40% p.a. You can repay the loans from 18 months to 36 months as per your financial goals.<\/p>\n\n\n\n<p>The minimum age of the applicant must be 21 years and the maximum age should not exceed 57 years. Unlike the BoB Digital personal loans, you are not required to submit Income documents like the bank statements and ITR.<\/p>\n\n\n\n<p>To check the pre-approved loan offer from Bank of Baroda, you need to type PAPL&lt;space last four digits of your debit card and send an SMS to 8422009988.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-eligibility-criteria\"><span id=\"eligibility-criteria\">Eligibility Criteria<\/span><\/h2>\n\n\n\n<p>To be eligible for Bank of Baroda personal loans, applicants must meet the specific eligibility criteria. It varies for salaried and self-employed employees. However, the common criteria related to age, employment status, financial condition, and credit score remain unchanged.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The minimum age must be between 21 years. The maximum age for salaried employees is 58 years and for self-employees is 65 years at the end of repayment tenure.<\/li>\n\n\n\n<li>Eligible self-employed professionals for BoB personal loans are doctors, architects, interior designers, technology and management consultants, practising company secretaries, insurance agents, etc. with a minimum of 1 year of service.<\/li>\n\n\n\n<li>Insurance agents going businesses must be in business for a minimum of 2 years.<\/li>\n\n\n\n<li>NRIs (Non-Resident Indians) and SHG (Self-Help Groups) are not eligible.<\/li>\n\n\n\n<li>Co-applicants are not allowed.<\/li>\n\n\n\n<li>CIBIL score should be more than 700.<\/li>\n<\/ul>\n\n\n\n<p class=\"has-pale-ocean-gradient-background has-background\"><strong>Also Read: Check out the details of&nbsp;<\/strong><a href=\"https:\/\/fly.finance\/blog\/personal-loan\/personal-loan-from-sbi\/\"><strong>personal loans from SBI<\/strong><\/a><strong>. Know about interest rates, features, eligibility criteria, documentation, and how to apply.<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-documents-required\"><span id=\"documents-required\">Documents Required<\/span><\/h2>\n\n\n\n<p>When applying for the Bank of Baroda personal loans, you must submit documents along with the loan application form. These documents are related to identity, address, and income proofs. This lets the bank verify your details and process the personal loan application quickly. Keep these documents ready when applying for Bank of Baroda personal loans-<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Aadhaar Card, PAN Card, or Voter ID<\/li>\n\n\n\n<li>Bank statements for the last 6 months<\/li>\n\n\n\n<li>Salary slips for the last 3 months.<\/li>\n\n\n\n<li>ITR returns for the last 2 years (for self-employed)<\/li>\n\n\n\n<li>Balance sheet and profit and loss statement for the last 1 year (for self-employed)<\/li>\n\n\n\n<li>GST returns for the last 1 year (for self-employed)<\/li>\n\n\n\n<li>Business Proof of Ownership and other documents like Gomasta License, Registration Certificate, and Service Tax Registration (for self-employed)<\/li>\n\n\n\n<li>IT Assessment\/ Clearance Certificate, Income Tax Challans\/ TDS Certificate, Form 16\/ Form 26 AS for income declared in ITR<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-how-to-apply-for-bank-of-baroda-personal-loans\"><span id=\"how-to-apply-for-bank-of-baroda-personal-loans\">How to Apply for Bank of Baroda Personal Loans?<\/span><\/h2>\n\n\n\n<p>Existing customers can apply for Bank of Baroda personal loans by checking their eligibility through Bank of Baroda\u2019s mobile or internet banking platforms. You can apply instantly and directly through the bank\u2019s digital lending platform if you have a pre-approved loan offer. The process involves minimal documentation and instant disbursal of funds directly to your savings account.<\/p>\n\n\n\n<p>You can also visit the bank\u2019s nearest branch with the required documents and fill out the personal loan application form. Alternatively, you can head to the bank\u2019s official website and request a callback to initiate the application process for Bank of Baroda personal loans. Follow the given steps to proceed with this step-<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Visit the Bank of Baroda\u2019s official website.<\/li>\n\n\n\n<li>Click on \u2018Loans\u2019 and select \u2018Personal Loans\u2019.<\/li>\n\n\n\n<li>Click on \u2018Apply Online\u2019.<\/li>\n\n\n\n<li>You will be redirected to a new page. Read the details mentioned and click on \u2018Proceed.\u2019<\/li>\n\n\n\n<li>Enter your mobile number and verify using the OTP.<\/li>\n\n\n\n<li>Submit.<\/li>\n<\/ul>\n\n\n\n<p>This was all about the Bank of Baroda personal loans. To know more about&nbsp;<a href=\"https:\/\/fly.finance\/loans\"><strong>education loans<\/strong><\/a>, the best&nbsp;<a href=\"https:\/\/fly.finance\/international-bank-account\"><strong>bank accounts for students<\/strong><\/a>,&nbsp;<a href=\"https:\/\/fly.finance\/forex\"><strong>forex<\/strong><\/a>&nbsp;and banking experience for global students or international money transfers, reach out to our experts at 1800572126 to help ease your study abroad experience.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-faqs\"><span id=\"faqs\">FAQs<\/span><\/h2>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1723890100822\"><strong class=\"schema-faq-question\"><strong>Who is eligible for a Bob Personal Loan?<\/strong><\/strong> <p class=\"schema-faq-answer\">To be eligible for Bank of Baroda personal loans, you must be a minimum of 21 years of age. The maximum age for salaried employees is 58 years and for self-employees is 65 years at the end of repayment tenure. Salaried and self-employed individuals with a stable source of income and a CIBIL score of more than 700 can easily apply for a BoB personal loan.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1723890125423\"><strong class=\"schema-faq-question\"><strong>What is the interest rate of the Bank of Baroda Personal Loan?<\/strong><\/strong> <p class=\"schema-faq-answer\">Bank of Baroda offers low and attractive interest rates to those with an excellent credit score and stable monthly income. These range from 12.90% to 18.25% p.a.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1723890138409\"><strong class=\"schema-faq-question\"><strong>What is the EMI for a 1 lakh personal loan?<\/strong><\/strong> <p class=\"schema-faq-answer\">The loan repayment EMI will be INR 3,341 for a personal loan of INR 1 lakh at 12.40% p.a for 3 years. For a better understanding, check out the example of the Bank of Baroda personal loan.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1723890153706\"><strong class=\"schema-faq-question\"><strong>What are the types of Bank of Baroda personal loans?<\/strong><\/strong> <p class=\"schema-faq-answer\">Bank of Baroda offers different types of personal loans. These are Baroda Loan for Pensioners, Baroda Digital Personal Loan, and Baroda Digital Pre-approved Personal Loans.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1723890220688\"><strong class=\"schema-faq-question\"><strong>What is the interest rate on 1 lakh personal loan?<\/strong><\/strong> <p class=\"schema-faq-answer\">Bank of Baroda personal loan interest rate on 1 lakh loan starts from 12.90% p.a. This is applicable if you have an excellent credit score and a stable source of income.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1723890243972\"><strong class=\"schema-faq-question\"><strong>How can I apply for Bank of Baroda personal loans?<\/strong><\/strong> <p class=\"schema-faq-answer\">You can apply for Bank of Baroda personal loans by visiting the nearest bank branch. Pre-existing customers can apply through Bank of Baroda\u2019s mobile or internet banking platforms. If you are a new customer, you can head to the bank\u2019s official website and request a callback to initiate the application process.<\/p> <\/div> <\/div>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-pale-ocean-gradient-background has-background has-fixed-layout\"><tbody><tr><td colspan=\"2\"><strong>Related Blogs<\/strong><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/education-loans-for-mba-in-usa\/\"><strong>Education Loan for MBA in the USA<\/strong><\/a><\/td><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/education-loan-for-pilot-training\/\"><strong>Education Loan for Pilot Training<\/strong><\/a><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/loan-against-mutual-funds\/\"><strong>Education Loan against Mutual Funds<\/strong><\/a><\/td><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/education-loan-extension-letter\/\"><strong>Education Loan Extension Letter to Bank<\/strong><\/a><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/education-loan-against-fixed-deposit\/\"><strong>Education Loan against Fixed Deposits<\/strong><\/a><\/td><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/education-loans-for-ms-in-usa\/\"><strong>Education Loan for MS in the USA<\/strong><\/a><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/education-loan-after-12th\/\"><strong>Education Loan after 12th<\/strong><\/a><\/td><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/education-loan-for-online-degree\/\"><strong>Education Loan for Online Degree<\/strong><\/a><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/education-loan-for-medical-courses\/\"><strong>Education Loan for Medical Courses Abroad<\/strong><\/a><\/td><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/what-happens-to-the-education-loan-if-the-borrower-dies\/\"><strong>What Happens to Education Loan if the Borrower Dies?<\/strong><\/a><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bank of Baroda, one of the leading Indian banks offer personal loans at attractive interest rates. They are popular for quick processing and minimal documentation. Various schemes are available under the Bank of Baroda personal loan for different purposes and categories of individuals. You can also apply for pre-approved and digital personal loans online and &#8230; <a title=\"Bank of Baroda Personal Loans: Interest Rates, Eligibility, How to Apply\" class=\"read-more\" href=\"https:\/\/fly.finance\/blog\/personal-loan\/bank-of-baroda-personal-loans\/\" aria-label=\"Read more about Bank of Baroda Personal Loans: Interest Rates, Eligibility, How to Apply\">Read more<\/a><\/p>\n","protected":false},"author":29,"featured_media":14597,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[410],"tags":[],"class_list":["post-14596","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-personal-loan"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Bank of Baroda Personal Loans: Interest Rates, Eligibility, How to Apply<\/title>\n<meta name=\"description\" content=\"Check here all about Bank of Baroda Personal Loans. 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I'm Shubhika- a proud graduate in English Literature and Language from Delhi University. My journey as a content writer transitioned from online teacher into the world of words. Stepping into the domain of blogs and articles, I discovered my passion for writing growing deeper and stronger. Having said that, I have experience of writing for diverse industries in automobile, technology, ed-tech, finance and mental-health; crafting details to help you find the solution to what you are looking for. Join me as I invite you all explore and learn together.","sameAs":["https:\/\/www.facebook.com\/shubhika.garg\/","https:\/\/www.instagram.com\/shubhika.garg\/","https:\/\/www.linkedin.com\/in\/shubhikagarg71\/","https:\/\/www.tumblr.com\/blog\/shubhikahere"],"url":"https:\/\/fly.finance\/blog\/author\/shubhika\/"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/personal-loan\/bank-of-baroda-personal-loans\/#faq-question-1723890100822","position":1,"url":"https:\/\/fly.finance\/blog\/personal-loan\/bank-of-baroda-personal-loans\/#faq-question-1723890100822","name":"Who is eligible for a Bob Personal Loan?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"To be eligible for Bank of Baroda personal loans, you must be a minimum of 21 years of age. The maximum age for salaried employees is 58 years and for self-employees is 65 years at the end of repayment tenure. Salaried and self-employed individuals with a stable source of income and a CIBIL score of more than 700 can easily apply for a BoB personal loan.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/personal-loan\/bank-of-baroda-personal-loans\/#faq-question-1723890125423","position":2,"url":"https:\/\/fly.finance\/blog\/personal-loan\/bank-of-baroda-personal-loans\/#faq-question-1723890125423","name":"What is the interest rate of the Bank of Baroda Personal Loan?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Bank of Baroda offers low and attractive interest rates to those with an excellent credit score and stable monthly income. These range from 12.90% to 18.25% p.a.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/personal-loan\/bank-of-baroda-personal-loans\/#faq-question-1723890138409","position":3,"url":"https:\/\/fly.finance\/blog\/personal-loan\/bank-of-baroda-personal-loans\/#faq-question-1723890138409","name":"What is the EMI for a 1 lakh personal loan?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"The loan repayment EMI will be INR 3,341 for a personal loan of INR 1 lakh at 12.40% p.a for 3 years. For a better understanding, check out the example of the Bank of Baroda personal loan.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/personal-loan\/bank-of-baroda-personal-loans\/#faq-question-1723890153706","position":4,"url":"https:\/\/fly.finance\/blog\/personal-loan\/bank-of-baroda-personal-loans\/#faq-question-1723890153706","name":"What are the types of Bank of Baroda personal loans?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Bank of Baroda offers different types of personal loans. These are Baroda Loan for Pensioners, Baroda Digital Personal Loan, and Baroda Digital Pre-approved Personal Loans.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/personal-loan\/bank-of-baroda-personal-loans\/#faq-question-1723890220688","position":5,"url":"https:\/\/fly.finance\/blog\/personal-loan\/bank-of-baroda-personal-loans\/#faq-question-1723890220688","name":"What is the interest rate on 1 lakh personal loan?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Bank of Baroda personal loan interest rate on 1 lakh loan starts from 12.90% p.a. This is applicable if you have an excellent credit score and a stable source of income.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/personal-loan\/bank-of-baroda-personal-loans\/#faq-question-1723890243972","position":6,"url":"https:\/\/fly.finance\/blog\/personal-loan\/bank-of-baroda-personal-loans\/#faq-question-1723890243972","name":"How can I apply for Bank of Baroda personal loans?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"You can apply for Bank of Baroda personal loans by visiting the nearest bank branch. Pre-existing customers can apply through Bank of Baroda\u2019s mobile or internet banking platforms. If you are a new customer, you can head to the bank\u2019s official website and request a callback to initiate the application process.","inLanguage":"en-US"},"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/posts\/14596","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/comments?post=14596"}],"version-history":[{"count":1,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/posts\/14596\/revisions"}],"predecessor-version":[{"id":14598,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/posts\/14596\/revisions\/14598"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/media\/14597"}],"wp:attachment":[{"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/media?parent=14596"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/categories?post=14596"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/tags?post=14596"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}