Bank of Baroda Personal Loan 2025,Complete Guide

Bank of Baroda (BoB) is one of India’s top public sector banks offering personal loans designed to meet various financial needs like medical emergencies, education, travel, or home renovation. The Bank of Baroda Personal Loan 2025 comes with competitive interest rates, flexible tenure, and minimal charges, making it a popular choice for both salaried and self-employed individuals.Bank of Baroda Personal Loan Interest Rate 2025 – Complete Guide

Bank of Baroda Personal Loan 2025 Feature Details

• Interest Rate (Floating) 10.40% – 17.75% p.a.
• Interest Rate (Fixed) 11.05% – 18.10% p.a.
• Loan Amount ₹50,000 – ₹20 Lakh
• Tenure Up to 84 Months
• Processing Fee Nil for Govt. Salary Accounts; Others: 1%–2%

What is a Bank of Baroda Personal Loan?

A Bank of Baroda Personal Loan provides quick and hassle-free funds for salaried or self-employed individuals. Borrowers can choose flexible repayment tenures up to 7 years, enjoy zero prepayment charges, and get instant approval based on eligibility.

Eligibility Age:

• Salaried: 21–60 years
• Self-employed: Up to 65 years

Types of Bank of Baroda Personal Loans

• Bank of Baroda Personal Loan: ₹50,000 to ₹20 Lakh, tenure up to 7 years.
• Baroda Digital Personal Loan: ₹50,000 to ₹10 Lakh (1–5 years).
• Baroda Digital Pre-approved Loan: ₹50,000 to ₹5 Lakh (up to 3 years).
• Baroda Loan to Pensioners:
• Pensioners ≤70 years: Up to ₹8 Lakh (5 years)
• Pensioners >70 years: Up to ₹5 Lakh (3 years)

Features & Benefits

• Zero Prepayment Charges – Close your loan anytime without extra cost.
• Special Schemes – For pensioners, ex-servicemen, and home buyers.
• Premium Loan Options – For existing BoB customers with a 6+ month relationship.
• Quick Disbursal – Funds credited directly to your account after approval.
• Attractive Interest Rates – Lower rates for government & defence employees.

Bank of Baroda Personal Loan Interest Rate 2025

• Gold Category (Central/State Govt., PSU, Listed Co.)
• Silver Category (Salary A/C in other Bank)
• Category B (Private/Trust/LLP/Self-employed with BoB
• Category A (Private/Trust/LLP with Other Bank A/C)

Factors Affecting Interest Rate

• CIBIL Score: Score above 750 ensures lower rates.
• Income & Employment: Stable income = better rate.
• Loan Tenure: Shorter tenure = lower total interest.
• Relationship with BoB: Existing customers often get discounts.
• Applicant’s Age & Risk Profile: Younger borrowers get better rates.

Eligibility Criteria

• Minimum Age 21 Years
• Maximum Age 60 (Salaried) / 65 (Self-employed)
• Employment Type Salaried, Self-Employed, or Pensioner
• Income Proof Stable income for at least 1 year
• CIBIL Score Preferably 750+
• Co-applicant Not Allowed
• NRI/Staff Eligibility Not Applicable

bank of baroda personal loan official website

Documents Required

• Duly filled loan application form
• 3 passport-size photos
• KYC Proof: Aadhaar, PAN, Passport, or Voter ID
• Address Proof: Utility bill, Rent Agreement, or Driving License
• Income Proof: Last 3 months' salary slips + 6 months' bank statement
• Business Proof (for self-employed): ITR, Balance Sheet, Profit & Loss Statement

Fees & Charges

• Processing Fee 1%–2% (Min ₹1,000 + GST, Max ₹10,000 + GST)
• Prepayment Charges Nil
• Penal Charges 2% on overdue amount
• Loan Overdue Charges 2% on overdue balance

Bank of Baroda Personal Loan EMI Calculator

Easily calculate your monthly EMI using BoB’s Personal Loan EMI Calculator. Enter the loan amount, tenure, and interest rate to know your monthly installment, total interest payable, and overall repayment.