वैयक्तिक ऋण

A personal loan works almost like the other types of loans. It fulfils the needs of planned or unplanned needs of an individual.

One can avail BoB personal loan without any hassle with the submission of minimum documents.

One can apply for a personal loan through any of the below-mentioned modes:

1. Through branch. Find our nearest branch locator.
2. Online application. Visit the website to apply for an instant personal loan online.
3. By calling us on the toll-free numbers: 18002584455/18001024455
4. Through the bob World app, if you are a bank’s existing customer.

A personal loan is calculated on an individual's income. Personal loan depends on various factors like CIBIL score, tenure, and income of the person, etc. -

The eligibility criteria for a personal loan are explained in simple words below.

• Individuals with a minimum age of 21 years.
• They should be gainfully employed or self-employed.
• Their income should be sufficient to repay the EMI of the loan, etc. and the CIBIL score must be above 701 and above.

Personal loan eligibility depends upon an individual's occupation, account relationship with our bank or the other bank, income, and CIBIL score.

Personal loan eligibility is based on specific guidelines, which includes certain parameters like repayment capacity, repayment period, and account relationship.

Yes. It is a type of unsecured loan, which does not require the borrower to pledge any assets or collateral.

It is a good idea if you have a stable income and a good credit score because on these criteria one will then be offered a low rate of interest on their personal loan.

At Bank of Baroda, we endeavour to provide the best services to our customers. Bank of Baroda provides best-in-class offerings for personal loans at very competitive rates to meet the requirements of the customers.

Yes. A personal loan can be pre-closed. There are no pre-closure charges charged by the Bank of Baroda for foreclosure of personal loans,

The Bank of Baroda personal loan interest rates is linked with the CIBIL score of an individual. With attractive interest rates, minimal documentation, and speedy processing, the Bank of Baroda offers the best personal loans of all.

The minimum amount of personal loan varies by location from Rs. 50,000 to Rs. 1 lakh.

It varies by location from Rs. 2 lakhs to Rs. 20 lakhs.

You can easily get a personal loan from the Bank of Baroda, depending upon various factors such as your income, age, account relationship, and occupation.

A personal loan for a salaried individual varies by location. In metro and urban areas, the loan amounts can range from Rs. 1 lakh to Rs. 20 lakhs. In semi-urban and rural areas, the loan amount varies from Rs. 50,000 up to Rs. 15 lakhs.

Yes, you can get a personal loan subject to the fulfilment of other terms and conditions.

There is no such stipulation if one has a minimum salary to get a personal loan.

For salaried customers, salary slips are mandatory. However, you can get a personal loan without your salary slip, if you submit any other alternate proof of regular receipt of salary then the same may be acceptable.

Yes. There is no such restriction to transferring a personal loan from one bank to another bank.

No. A personal loan is non-transferable.

No, personal loan interest tax is not deductible.