Bank of Baroda personal loan provides an easy and fast option to all the pressing financial needs of the applicant. Whether you are looking for fund for medical emergencies, the wedding of your daughter or for home refurbishment this bank provides personal loans to cover all your needs. Bank of Baroda personal loan has numerous benefits over credit sources including credit cards informal loans made by friends or family or by unreliable financial institutions. Bank of Baroda offers the best personal loan in India which is affordable by all salaried, self-employed and professionals. It is best because of its competitive Interest rates, limited paperwork and quick loan processing. Bank of Baroda personal loan has pre-determined EMI feature through which the applicant can repay the personal loan over a period of time. Bank of Baroda provides flexibility to use a personal loan in a numerous way like higher education, marriage, medical expenses, travel or renovation of the existing house.
|Loan Name||Interest Rate||Processing Fee||Loan Amount||Tenure|
|Baroda Personal Loan||One year MCLR +SP+3.00% to One year MCLR +SP+ 6.00% (As per Risk Rating of the applicant/s.)||Rs 1,000 - Rs 10,000, One time fee||2,00,000||5 years|
Q: What are the features of Bank of Baroda personal loan?
A: The following are the features of Bank of Baroda's Personal Loan:
Q: What is the minimum loan tenure repayment for BOB personal loan?
A: The minimum personal loan repayment tenure in Bank of Baroda is 12 months.
Q: Can I get the assistance of a co-applicant to apply for a personal loan in BOB?
A: No, Bank of Baroda does not accept co-applicant.The bank accepts personal loan applications only from a single individual.
Q: What are the documents required to apply for a personal loan in BOB?
A: The following documents are required to avail the personal loan in BOB:
Q: If I am a staff member of BOB, can I apply for a BOB personal loan?
A: No, Bank of Baroda does not allow its staff members to apply for a personal loan.
The Bank of Baroda has cut the MCLR by up to 10 basis points (bps) on various tenors and the same will come into effect starting from Sunday (July 7, 2019).
In its regulatory filing, the bank stated that it has revised the marginal cost of funds – based lending rate.
Accordingly, the benchmark for one – year MCLR has been trimmed down by 10 bps to 8.60 percent from its earlier record of 8.70 percent. This one year MCLR is the rate which is linked to most of the loans including home loan, personal loan and car loan.6 July 2019