Personal Loan EMI Calculator
Personal Loan EMI Calculator
  • Loan Amount:

  • Rate of Interest (%):

  • Loan Terms (monthly):

  • Equated Monthly Installment (EMI) will be

  • Benefits
  • Features
  • Eligibility
  • Interest rates & charges
  • Documents Required
  • Most Important Terms and Conditions (MITC)

Baroda Digital Personal Loan : Features

  • Purpose of Loan: Any purpose other than speculation
  • Minimum Loan Amount: Above Rs. 50,000
  • Maximum Loan Amount:
    1. Rs. 10 Lakhs : Existing To Bank (ETB) customers
    2. Rs. 5 Lakhs : New To Bank (NTB) customers
    3. Rs. 5 lakhs : New to Credit (NTC) customers

Age criteria
  • Minimum: 21 years
  • Maximum age at the end of tenor:
    1. For salaried - 58 years
    2. For self-employed - 65 years

Baroda Digital Personal Loan : Eligibility

  • Salaried individuals
  • Self-employed Individual:
    1. Self Employed Professionals (Doctor, Engineer, Architect, Interior, Designers and Tech. Management Consultants, Practicing Company Secretaries etc.), insurance agents and self-employed business persons)
  • Please Note:
    1. NRls / SHG are not eligible
    2. Co-Applicant not allowed

Baroda Digital Personal Loan : Interest rates & charges

Personal Loan Loan Limit Condition Repo Linked lending Rate + Strategic Premium + Spread Effective RoI
Rate of Interest (based on CIBIL Score and internal score)

Loan amount above Rs.50,000/-

  • Min: BRLLR+SP+3.00
  • Max: BRLLR+SP+8.35

12.40% to 17.75%

Unified Processing Charges

  • Processing charge @2% of loan amount + Applicable GST
  • Min- Rs.1,000/- + GST
  • Max- Rs,10,000/- + GST

Stamp duty

As per state stamp act

Baroda Digital Personal Loan : Documents Required

  • Valid Mobile number & PAN Number
  • Aadhar number for procurement of OTP for E-Stamping & E Sign.
  • Net Banking Credentials or digital Bank statement for past 6 months.
  • For Self-Employed, ITR e-filling credentials or Digital ITR returns for last 2 years
  • For Self-Employed, GST portal credentials or Digital GST returns for last 1 year (Optional)
  • Web camera for clicking pictures and performing video KYC.

Baroda Digital Personal Loan : Most Important Terms and Conditions (MITC)

Loan Limit

Minimum: Above Rs. 50,000


Rs. 10 Lakhs (Existing To Bank customers-ETB)

Rs. 5 Lakhs (New To Bank customers-NTB)

Rs. 5 lakhs (New to Credit customers-NTC)

Repayment Period

Digital Personal Loan: 12-60 months


Minimum - 21 Years

Maximum age at the end of tenor:

For salaried -58 years

For self-employed - 65 years

Pre Closure Charges


Penal interest

Penal Interest @ 2% shall be levied on overdue amount.


For Salaried

Net Monthly Income**

FOIR - Fixed Obligation to Income Ratio (Including proposed EMI)

< = 50,000


> 50,000 up to 75,000


>75,000 up to 1,25,000


>1,25,000 up to 2,00,000


Above 2,00,000


*Net Monthly Income: Average of last -6- Months' Net Monthly salary credited in the Bank Account.

** Deductions: Monthly EMI obligations (Declared by applicant or fetched from Bureau reports whichever is higher).

For Self Employed

Gross Monthly Income *

FOIR - Fixed Obligation to Income Ratio

< = 50,000


> 50,000 up to 75,000


>75,000 up to 1,25,000


>1,25,000 up to 2,00,000


Above 2,00,000


*Gross Monthly Income: Gross Monthly Income will be worked out as - Average of Last -2- years' Gross Annual Income as per ITR divided by 12 months.

** Deductions: Monthly EMI obligations (Declared by applicant or fetched from Bureau reports whichever is higher), Proportionate monthly income tax liability (Last year's income tax paid /12).

Banking Mantra

  • 22 Feb 2022
    Bank of Baroda Personal Loans - Instant Zaroorat Aapki, Jhatpat Saath Hamara

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