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Bank of Baroda Personal Loan in Ahmedabad

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Adiyogi Enterprises is thrilled to partner with Bank of Baroda to offer you personalized and affordable personal loan solutions. With attractive interest rates starting from just 10.75% per annum, you can avail of loans up to Rs 25 Lakhs, with flexible tenures extending up to 5 years. Whether you need funds for a vacation, medical expenses, home renovation, or any other personal need, Bank of Baroda provides the financial support you require to meet your goals.

Bank of Baroda Personal Loan Highlights

Interest Rate Starting from 10.75% per annum
Loan Amount Up to Rs 25 Lakhs
Loan Tenure Up to 5 years
Processing Charges 0.50% to 1% of the loan amount (minimum Rs 1,000)

Bank of Baroda Personal Loan Eligibility

Age

  • Minimum 21 years and maximum 60 years at loan maturity.

Income

  • Minimum monthly income of Rs 20,000 for salaried individuals
  • Minimum annual income of Rs 2,50,000 for self-employed individuals

Employment

  • Salaried individuals should have at least 1 year of continuous employment
  • Self-employed individuals must have a stable business for a minimum of 2 years

Credit Score

  • A credit score of 750 or above is preferred for smoother approval.

Bank of Baroda Personal Loan EMI Calculator

10.75

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Annual Interest

Principal Interest Total Payable

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FAQ

Frequently Asked Questions

  • 1. What types of personal loans does Bank of Baroda offer?

    Bank of Baroda offers personal loans for a variety of needs, including loans for medical expenses, home renovation, education, travel, wedding expenses, and debt consolidation. They also provide loans against property and top-up loans for existing customers.

  • 2. What is the eligibility criteria for a personal loan from Bank of Baroda?

    Eligibility for a personal loan from Bank of Baroda is based on factors such as age, income, credit score, and employment status. Both salaried and self-employed individuals can apply, with a minimum age requirement of 21 years and a maximum of 60 years at loan maturity.

  • 3. What documents are required for applying for a Bank of Baroda personal loan?

    Documents required for applying for a Bank of Baroda personal loan include proof of identity and address, recent passport-sized photographs, income proof (salary slips, IT returns, or bank statements), and other documents based on the applicant's profile.

  • 4. What is the interest rate for personal loans at Bank of Baroda?

    Bank of Baroda offers competitive interest rates on personal loans, which may vary based on factors like loan amount, tenure, and the applicant’s creditworthiness. The interest rate typically ranges from 10% to 14% per annum.

  • 5. How can I apply for a personal loan from Bank of Baroda?

    You can apply for a personal loan from Bank of Baroda either online via their website, through their mobile app, or by visiting a nearby branch. The bank also offers pre-approved personal loans for eligible customers.

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