Upto Rs.10,00,000 – Bank of Baroda Personal Loan

Bank of Baroda also known as BOB is originally headquartered in Baroda, Gujarat, India. IT is the 4th largest national bank in India. It has lots of branches and over 132 million+ customers.

In this post, I’ll cover the details of Bank of Baroda personal loan, its features, eligibility, contact details, and many more.

Loan Details

Sl. No.CategoryData
1Loan amountUp to 10 Lakhs
2Age21 years or above
3Interest rates10-15.6%
4TenureUp to 60 months (5 years)
5Processing chargeUp to 2%
6Penal interest rate2%
7Lowest EMIsRs 2,125 per Lakhs

Steps to apply at Bank of Baroda personal loan

Step-1: Visit the official website of BOB or nearer branch

Step-2: Enter your details in the loan application form

Step-3: Upload or submit the necessary documents for verification

Step-4: Bank will notify you regarding your application within few days


The features of BOB personal loan are:

  • Attractive loan amount up to 10 Lakhs
  • Flexible period of tenure up to 5 years
  • Quick procedure and disbursal of loan
  • Top-up loan facility available
  • Special interest rates for existing account holders of BOB

Eligibility criteria for Bank of Baroda personal loan

The eligibility criteria defined for the consumers to apply for a personal loan at BOB are:

  • Applicant must be working in a reputed public/private firm
  • Age: 21-60 (salaried), 21-65 (non-salaried)
  • Co-applicants are restricted to apply for personal loans
  • Work experience: 2 years (salaried), 1 year (self-employed)

Required Documentation

The documents needed for the application of personal loan at Bank of Baroda are as follows:

  1. Fully filled loan application
  2. Passport sized photographs
  3. Identity proof (Aadhar card/Driving license)
  4. Residential proof (Voter ID/PAN card)
  5. Bank statements/updated passbooks
  6. Employee ID card
  7. Rental agreement
  8. Income slips
  9. Income proofs
  10. ITRs
  11. Balance sheets
  12. IT Clearance certificate

Comparison of Bank of Baroda personal loan with other banks

Sl. No.Bank NameLoan amountInterest ratesProcessing charge (GST excluded)
1BOIUp to 10 Lakhs 8.35-10.35% 2-4%
2IDBIUp to 10 Lakhs14%2%
3IndusIndUp to 10 Lakhs11%2%
4AxisUp to 15 Lakhs10.25% onwards 2%
5DeutscheUp to 15 Lakhs9.9-11.4 %2%

Check status

You can easily track your personal loan status at Bank of Baroda by clicking the following button:

Contact Details

Toll-free customer numbers: 1800 258 44 55 or 1800 102 44 55

NRI customer number: 079 – 49044100 or 7923604000

Visit any nearest branch


1]. Is pre-payment allowed for personal loan at BOB?

Yes, pre-payment is allowed.

2]. What is the minimum CIBL score needed to apply for personal loan at BOB?

A CIBL score of 701 or more is needed to apply for a personal loan.

3]. How much time does BOB takes for loan approval decision?

BOB takes only 30 minutes for your loan decision.

4]. Are there any chances of my application rejection?

Yes, sometimes bank rejects the application of the persons who have low CIBL score, submit incomplete loan application, enter fake details, or not providing any required documents.

5]. How can I pay my personal loan EMIs with BOB?

You can pay your EMIs by using Electronic Clearing System-ECS.

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