A Bank of Baroda Personal Loan can help you manage different personal expenses with interest rates starting from 10.40% p.a. The loan comes with flexible repayment options of up to 84 months or 7 years.
Eligible borrowers can apply with minimal paperwork and access funds for medical expenses, weddings, travel, home renovation, and other personal needs.
BOB Personal Loan Details
Here are the main details of a Bank of Baroda Personal Loan, including interest rates, loan amount, and repayment tenure:
| Feature | Details |
| Interest Rate | 10.40% p.a. to 17.75% p.a. (Floating) / 11.00% p.a. to 18.05% p.a. (Fixed) |
| Loan Amount | Maximum up to ₹20 Lakhs |
| Tenure | Up to 7 years (84 months) |
Bank of Baroda Personal Loan Interest Rates
Bank of Baroda Personal Loan interest rates depend on factors such as your employment type, employer category, CIBIL score, income, and banking relationship.
Bank of Baroda Personal Loan Interest Rates by Employment Type
| Type of Employment / Category | Floating Rate (p.a.) | Fixed Rate (p.a.) |
| Government & Defense Personnel (Salary Account with BOB under SB 182 & 186) | 10.40% – 10.90% | 11.00% – 11.50% |
| Gold Category (Govt/PSU/Autonomous/Listed Public Ltd rating “A” & above with BOB Salary Account) | 10.90% – 15.75% | 11.25% – 14.10% |
| Category C: Silver (Same target customers as Gold with Salary Account in another bank) | 11.40% – 15.75% | 11.75% – 14.10% |
| Category B (Private/Public employees, Trust, LLP, Insurance Agents, Self-Employed with BOB Account) | 12.15% – 15.75% | 12.80% – 15.05% |
| Category A (Private/Public employees, Trust, LLP, Insurance Agents, Self-Employed with other Bank Account) | 14.15% – 17.75% | 14.75% – 18.05% |
Note: The final interest rate depends on your credit score, income, and relationship with the bank.
Bank of Baroda Personal Loan Interest Rates by Scheme
| BOB Personal Loan Product | Interest Rates (p.a.) |
| Baroda Personal Loan | Starting at 10.40% |
| Baroda Loan to Pensioners | Starting at 10.40% |
| bob Insta / Pre-approved Personal Loan | Starting at 10.65% |
Note: Current rates are linked to CIBIL scores and bank benchmarks.
Bank of Baroda Personal Loan Fees and Charges
Bank of Baroda charges different fees depending on the applicant category and loan type. Government employees with a Bank of Baroda salary account do not pay a processing fee.
| Fee Head | Charges Applicable |
| Processing Fee | Govt Employees with BOB Salary Account: NIL; Others: 1.00% to 2.00% of loan amount + GST (Min. ₹1,000 + GST, Max. ₹10,000 + GST; Max. ₹15,000 + GST for bob Insta) |
| Penal Charges | 2% p.a. on overdue payments or default amount |
| Foreclosure Charges | Floating Rates: NIL; Fixed Rates: 3% + GST if prepaid within first 3 years |
| Preclosure Charges | NIL for floating rate loans |
| Overdue EMI Interest | 2% p.a. penal rate on overdue amounts |
Types of Bank of Baroda Personal Loan
Bank of Baroda offers different personal loan schemes based on the borrower’s needs and profile.
Baroda Personal Loan
This loan can be used for expenses such as medical emergencies, weddings, home renovations, and travel.
- Loan Amount: Min. ₹50,000 (Semi-Urban/Rural) or ₹1,000,000 (Metro/Urban) to Max. ₹20 Lakhs
- Interest Rate: Starting at 10.40% p.a.
- Tenure: 12 to 84 months
Baroda Loan to Pensioners
This loan is available for retired individuals who receive their pension through Bank of Baroda branches.
- Loan Amount: Up to ₹8 Lakhs
- Interest Rate: Starting at 10.40% p.a.
- Tenure: Up to 60 months
Pre-approved / bob Insta Personal Loan
This is a digital personal loan available to selected pre-qualified customers. It can be disbursed without a branch visit or income documents.
- Loan Amount: Min. ₹50,000 to Max. ₹15 Lakhs (or ₹5,000 to ₹5 Lakhs for pre-approved schemes)
- Interest Rate: Starting at 10.65% p.a.
- Tenure: 36 to 60 months (18 to 36 months for pre-approved)
Bank of Baroda Personal Loan EMI Calculator
Knowing your estimated EMI before applying can help you plan your monthly budget.
The Bank of Baroda Personal Loan EMI Calculator uses the following details:
- Loan amount
- Interest rate
- Repayment tenure
Enter these values in the calculator to estimate your monthly EMI.
Comparison of Bank of Baroda Personal Loan vs Other Lenders
When considering a personal loan, it’s essential to assess your options. Here is a comprehensive comparison between Bank of Baroda Personal Loans and personal loans from top banks/NBFCs. This will help you make an informed decision based on interest rates, loan features, and customer benefits.
| Top Banks/NBFCs | Interest Rates (p.a) |
| Bank of Baroda | 10.15% onwards |
| HDFC | 9.99% onwards |
| SBI | 10% onwards |
| ICICI Bank | 9.99% onwards |
| Axis | 9.99% onwards |
| IndusInd Bank | 10.49% onwards |
| IDFC First Bank | 9.99% onwards |
| Bajaj Finserv | 10% onwards |
| Tata Capital | 10.99% onwards |
Bank of Baroda Personal Loan Eligibility
You need to meet the bank’s eligibility requirements before applying for a Bank of Baroda Personal Loan.
- Age: Minimum 21 years. Maximum 60 years for salaried applicants and 65 years for non-salaried applicants at loan maturity.
- Eligible Applicants:
- Employees of central or state governments, PSUs, joint-sector firms, public limited companies, and reputed educational institutions with at least 1 year of continuous service.
- Employees of private limited companies, trusts, and LLPs with at least 1 year of continuous service.
- Insurance agents active for at least 2 years.
- Self-employed professionals such as doctors, engineers, architects, company secretaries, and consultants with at least 1 year of stable practice.
- Self-employed business owners with at least 1 year of business continuity.
- Credit Score: CIBIL score of 701 or above.
Bank of Baroda Personal Loan Documents Required
Keep the following documents ready when applying for a Bank of Baroda Personal Loan:
- Duly completed loan application form with passport-sized photographs.
- Form 135 containing details of assets and liabilities.
- Last 6 months’ bank account statement or passbook.
- Identity Proof: PAN Card, Aadhaar Card, Passport, Voter ID, Driving License, or Employee ID.
- Address Proof: Passport, Voter ID, Driving License, Utility Bills, or Registered Rent Agreement.
- For Salaried Applicants: Last 3 months’ salary slips and 6 months’ bank statements.
- For Self-Employed Applicants: ITR for the last 1 year, audited Profit & Loss Statement and Balance Sheet, Form 26AS, and business registration certificates.
Features & Benefits of BOB Personal Loan
A Bank of Baroda Personal Loan comes with flexible terms and different options for eligible borrowers.
Some of the main features include:
- Interest rates starting from 10.40% p.a.
- Loan amount of up to ₹20 Lakhs
- Repayment tenure of up to 84 months
- Zero processing fee for eligible government employees with a BOB salary account
- No foreclosure or prepayment charges on floating-rate personal loans
- Different loan options for salaried borrowers, pensioners, and pre-approved customers
Steps to Apply For BOB Personal Loan with Buddy Loan
Here’s the step-by-step process that you can follow to apply for Bank of Baroda personal loan online on Buddy Loan:
- Step 1: Visit buddyloan.com or Download & install the Buddy Loan app (Android or iOS).
- Step 2: Open the Personal Loan Application Page. Provide the mobile number and enter the received OTP.
- Step 3: Specify the desired loan amount & personal email. Next, choose the Personal Loan option
- Step 4: Choose the employment type (Salaried, Self-Employed, or Student) and the salary mode (bank or cash).
- Step 5: Enter your work details (Including company name, years of service and Designation)
- Step 6: Enter your personal details (Including Full Name, PAN, address DOB & Gender)
- Step 7: Provide your communication address, and income details and Click the ‘Submit’ button.
Ready to take the next step? Apply for a Personal loan now!
Bank of Baroda Personal Loan Customer Care Number
You can contact Bank of Baroda for personal loan queries, interest rate information, EMI-related questions, or application support through the following channels:
| Support Type | Contact Details |
| Domestic Toll-Free Helpline | 1800 5700 / 1800 5000 |
| NRI / International Customer Line (24×7) | +91 79-66296009 |
| WhatsApp Banking Support | 8433 888 777 |
| Digital Loan Technical Email Support | [suspicious link removed]@bankofbaroda.com |
Download the Buddy Loan App Now!
One solution to each of your financial needs at your fingertip.
Scan to download now
