Baroda Personal Loan 2026 If you are looking for a low-interest personal loan from a trusted public sector bank, Bank of Baroda Personal Loan is one of the best options in India. Whether you are a salaried employee, self-employed professional, or business owner, Baroda Personal Loan offers flexible repayment, competitive interest rates, and high loan amounts up to ₹20 lakh.
Baroda Personal Loan 2026
Common DocumentsHow to Apply for Baroda Personal Loan – Step-by-Step Complete Guide (2026)
Applying for a Baroda Personal Loan is simple and transparent. Bank of Baroda allows eligible salaried and self-employed individuals to apply offline through branches and, in some cases, online through official channels.png)
Choose the loan amount based on your income and requirement:
Minimum Loan Amount
Step 3: Collect Required Documents
Is collateral required?
Bank of Baroda (BOB) offers multiple types of personal loan schemes designed for salaried employees, pensioners, digital customers, and pre-approved account holders. With competitive interest rates starting from 11.05%, flexible tenure, and special schemes, BOB is one of the top public sector banks for unsecured loans in India.
What is Baroda Personal Loan?
Baroda Personal Loan is an unsecured loan offered by Bank of Baroda to meet personal financial needs such as:
- Medical expenses
- Education expenses
- Travel
- Wedding expenses
- Home renovation
- Debt consolidation
- Any purpose other than speculation
- Loan Amount: ₹50,000 to ₹20,00,000
- No Collateral / Security Required
- Floating & Fixed Interest Rate Options Available
- Flexible Repayment Tenure
- Special Benefits for Government Employees
- Quick Processing & Transparent Charges
- Available for Salaried & Self-Employed Individuals
- Fully filled loan application form
- 3 passport size photographs
- Form 135 (Assets & Liabilities declaration
- Bank statement / passbook (last 6 months)
- Valid Passport
- Voter ID Card
- Driving License
- Postpaid Utility Bill (Gas / Electricity)
- Registered Rent Agreement
- Updated Bank Passbook / Statement
- PAN Card
- Aadhaar Card
- Passport
- Voter ID
- Driving License
- Employee ID Card (Govt / Defence / Reputed Corporate)
- Professional Certificate with photo (ICAI, ICWA, ICFAI, etc.)
- Balance Sheet & Profit & Loss Account (last 1 year)
- Income Tax Returns (last 1 year)
- Form 26AS / TRACES
- Business Proof:
- Gumasta License
- Registration Certificate
- Service Tax / GST Registration
- IT Assessment / Clearance Certificate
- Income Tax Challans / TDS Certificate (Form 16A)
- Employees of Central / State Government
- Autonomous bodies
- Public & Joint Sector Undertakings
- Public Limited Companies / MNCs
- Educational Institutions
- Private Limited Companies, Trusts, LLPs
- Doctors, Engineers, Architects
- Interior Designers
- Technical & Management Consultants
- Practicing Company Secretaries
- Chartered Accountants
- Minimum Age: 21 years
- Borrower age + repayment period ≤ 60 years or retirement age (whichever is lower)
- Maximum Loan Amount: Up to ₹20.00 lakh
Minimum Loan Amount:
- Metro & Urban Branch: ₹1.00 lakh
- Rural & Semi-Urban Branch: ₹0.50 lakh
- 1.00% to 2.00% of loan amount + GST
- Minimum: ₹1,000 + GST
- Maximum: ₹10,000 + GST
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Step 1: Check Your Eligibility
- Age: 21 to 60 years (Salaried) / Up to 65 years (Non-Salaried)
- Minimum 1 year continuous service or business
- Stable income source
- Good credit score (preferably CIBIL 700+)
- Purpose should be non-speculative
Choose the loan amount based on your income and requirement:
Minimum Loan Amount
- ₹1.00 lakh (Metro / Urban)
- ₹0.50 lakh (Rural / Semi-Urban)
- Up to ₹20.00 lakh (depends on profile & bank relationship
Step 3: Collect Required Documents
- Mandatory Documents
- Filled Baroda Personal Loan Application Form
- 3 passport size photographs
- Form 135 (Assets & Liabilities)
- Last 6 months bank statemen
- PAN Card & Aadhaar Car
- Address proof & identity proof
- Salaried: Last 3 months salary slips
- Self-Employed: ITR, Balance Sheet, P&L Account, Business Proof
- Currently, Baroda Personal Loan is primarily processed offline
- Visit your nearest Bank of Baroda branch
- Ask for Personal Loan Desk
- Submit application form with documents
- Choose Fixed or Floating Interest Rate
- A loan officer will guide you through the process.
- After submission, the bank will:
- Verify document
- Check CIBIL / Credit Score
- Evaluate income & repayment capacity
- Conduct personal or telephonic verification
- Verify employer or business details
- This process usually takes 2–5 working days.
- If you meet all criteria:
- Bank issues Loan Sanction Letter
- Letter includes:
- Aproved loan amount
- Interest rate
- EMI & tenure
- Processing charges
- Terms & conditions
- Once you accept the sanction:
- Sign the loan agreement
- Sumit ECS / NACH mandate for EMI auto-debi
- Provide post-dated cheques (if required)
- After agreement signing:
- Loan amount is credited directly to your bank account
- Disbursement time: 1–3 working days
- Some branches allow online lead generation:
- Visit official Bank of Baroda website
- Go to Loans → Personal Loan
- Fill basic details
- Submit enquiry
- Bank representative contacts you
- Visit your nearest Bank of Baroda branch
- Meet loan officer
- Submit application form with documents
- Verification & approval
- Loan disbursement to your bank account
Is collateral required?
- No. Baroda Personal Loan is unsecured.
- No. Co-applicants are not allowed.
- Usually 3–7 working days.
- Yes, with minimum 1 year stable business.
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