How to take personal loan from Bank of Baroda? how to apply online

 How to take personal loan from Bank of Baroda? how to apply online 

How to take personal loan from Bank of Baroda? Bank of Baroda Personal Loan provides you a quick and easy solution to all your urgent financial needs. Whether you need funds for a medical emergency in your family, for your sibling's wedding, or for renovating your home, personal loans can meet all your requirements.

Personal loans are more profitable than other types of loans, such as credit cards and informal loans taken from friends, family members or unreliable financiers. Most salaried individuals, self-employed and professionals can apply for a personal loan. With attractive interest rates, minimal documentation and quick processing, Bank of Baroda is one of the best personal loan providers today.

What are the benefits of Bank of Baroda Personal Loan?

 * emergency fund

 *credit card benefits

 *There is no hard credit limit 

*Pay by check, bank transfer or cash

 *Extended timeline for payment flexible use of funds

 *overborrowing

What are the features of Bank of Baroda Personal Loan?

*To apply for a personal loan, applicants can be employees of government agencies or private companies with at least one year of continuous service. Similarly, self-employed professionals or business individuals who wish to apply for a personal loan must have business or practice for at least one year.

*Applicants must be at least 21 years of age to be eligible for a personal loan, while co-applicants are not allowed. The maximum age to apply for a personal loan at the end of the repayment tenure is 60 years for salaried individuals and 65 years for non-salaried individuals.

*The personal loan amount varies from place to place. In metro and urban areas, the loan amount is Rs. 1 lakh to 15 lakh. In semi-urban and rural areas, the personal loan amount is Rs. 50,000 to 15 lakhs.


*The processing charge for personal loan is calculated as 2% of the loan amount + GST, with a minimum of Rs. 1000+GST Rs. unless. 10,000 + GST.

What is the eligibility for Bank of Baroda Personal Loan?

How to take personal loan from Bank of Baroda?

 
To avail a Bank of Baroda Personal Loan, the following eligibility criteria need to be considered:

Banking relationship of at least 6 months with Bank of Baroda or any other bank if the personal loan amount is less than Rs.2 lakh. to be up

It also looks at how much of the loan applicant's income is spent on other loan payments and how much it will cost to avail this loan. If the monthly income of the applicant is Rs. 75,000. Not less than 40% of his monthly income should be spent on other loans and repayment of these loans. 75,000 to 2 lakhs this range for those whose monthly income is up to 50%.

For Salaried Applicant:

*Age between 21 years to 60 years

*Minimum 1 year continuous service

*Fixed Income Liability (FOIR) – Max. Center / State  60% of Gross Monthly Income (GMI) payable to FOIR for employees of Government, Autonomous Institutions, Public/Joint Sector Undertakings and Educational Institutions – having minimum continuous service for 1 year and having bank account payroll. For other salaried applicants, the FOIR requirements are as follows:60% of Gross Monthly Income (GMI) payable to FOIR for employees of Government, Autonomous Institutions, Public/Joint Sector Undertakings and Educational Institutions – having minimum continuous service for 1 year and having bank account payroll. For other salaried applicants, the FOIR requirements are as follows:

1.40% of GMI: If GMI is Rs. is less than 75,000

2.50% of GMI: If GMI is Rs.75,000 and above but less than Rs.2,00,000

3.60% of GMI: If GMI is Rs. 2,00,000 and above

For Government employees and salaried applicants working with Public/Joint Enterprises, Autonomous Bodies etc. with Bank of Baroda Salary Account

, the previous month's salary should be credited to the Salary Account. For other salaried applicants, the salary account should be maintained with Bank of Baroda and Rs. 2 lakhs. You can apply for a Bank of Baroda Personal Loan above Rs. Salary account should be 6 months old.

What are the documents required for Bank of Baroda Personal Loan?

The loan application is completely filled in form 135 along with 3 passport size photographs detailing the assets and liabilities of the applicant.

    *Last 6 months bank statement and updated passbook.

 
   * Proof of residence includes any of the following:

*valid passport

 *Voter ID Card

*allowed to drive

*Postpaid Utility Bills
(Gas Bill & Electricity Bill)

*Updated passbook or bank account statement

Registered Rental Agreement Proof of Identity:

 pan card

Aadhar Card
valid Indian passport
voter ID card
allowed to drive
Employee ID card issued by government or concerned authorities like defense or reputed corporate
Identity document with photo or certificate of practice issued by professional bodies like ICAI, ICWA, ICFAI

How to apply Bank of Baroda online?

Friends, now it comes to how to apply for personal loan from Bank of Baroda, there are two ways, first online and second offline. To go online you have to go to the website of Bank of Baroda and there click on personal loan, you can get the loan by providing some of your personal details and other

With offline methods you have to go to the bank and go there. You Personal Loan If you want to take the form from the bank, then you will have to fill your details and submit it, friends, in this way you can get a personal loan from Bank of Baroda.

Online Application Step by Step Method:

First of all you have to go to the website of Bank of Baroda. 
After this you have to see the option of loan. 
After this you have to choose personal loan. 
After this you have to register by entering your mobile number.
 After this you have to enter your basic information in it.
 After this you will have to enter your work information.

After this you have to upload your documents in it. 
After this your loan application will be reviewed. 
After this you will get a call from the bank.
 After this your loan will be approved.
 After this your loan is transferred to your bank which you can easily use.

Bank Of Baroda Customer Care

Customers can contact Bank of Baroda's customer care through any of the following means:

     *Toll-Free Number: 1800-258-4455 / 1800-102-4455 
     * Branch Visit: You can visit the nearest Bank of Baroda branch to get answers to your queries

Related Questions:

Can I take a personal loan from Bank of Baroda

Yes, you can take a loan up to Rs.5 lakh.

When should I start repaying my personal loan?

 You should start repaying your personal loan after one month from the date of loan transfer.

How long does Bank of Baroda personal loan / personal loan take?
 Once all the documents are verified and the loan is approved by the bank of your choice, the loan is usually transferred to the account within 48 hours.

What is the repayment tenure for Bank of Baroda Personal Loan?
 The loan repayment tenure can be between 12 months to 60 months.

Can I apply for a Bank of Baroda personal loan / personal loan as a co-applicant? 
No, you cannot apply for Bank of Baroda Personal Loan / Personal Loan as a co-applicant.