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: 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
  • Repayment Period: 12 months to 60 months

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

Fixed ROI:

Product Conditions Applicable Rate of Interest Effective Rate of Interest
Baroda Digital Personal Loan Rate of Interest (based on CIBIL Score and internal score)
Repo Rate + Spread
  • Min: 1 Year MCLR+SP+3.80
  • Max: 1 Year MCLR+SP+9.15
Effective Rate of Interest

Floating ROI:

Product Conditions Applicable Rate of Interest Effective Rate of Interest
Baroda Digital Personal Loan Rate of Interest (based on CIBIL Score and internal score)
Repo Rate + Spread
  • Min: BRLLR+SP+3.50
  • Max: BRLLR+SP+8.85
Effective Rate of Interest

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

Penal Charges:
  • Penal Charges @ 2% p.a. will be charged on the amount of default for delayed payment of dues including Principal, interest, service charges etc.,
    NOTE: Penal Charges will be applied solely to overdue payments (instalments and/or interest/service charges etc.), for the period they remain unpaid beyond their due date. Penal Charges will be calculated based on the actual number of days of default but will be debited on a monthly basis.
  • Penal Charges @ 2% p.a. will be charged on the outstanding balance of credit facilities of borrower for the default period for following nature of non-compliance
    1. Non-Submission of documents as per sanction terms
    2. Non-compliance in security perfection as per sanction terms.
    3. Any other breaches/ non- compliance in material terms of sanction

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 last 6 completed months (Bank Statement should be in Individual Name).
  • 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.
  • Please Note: Digitally generated Bank Statements & ITR referred as - bank statement received in email or generated through Net Banking. ITR-3 or 4 directly downloaded from Income Tax Website in pdf format.

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

Loan Limit

Minimum: 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-Payment/ Pre Closure Charges

Floating ROI Fixed ROI
NIL Any prepayment of EMls in full or part and closure of account before the end of term will attract the prepayment charges of 3%+GST on prepaid amount after paying of one EMI. No prepayment charges after 36 month or account is closed from the proceeds of a new loan account (under personal loan scheme) availed from our Bank or demise of the borrower.


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).

Frequently Asked Questions (FAQs)

  • What is the digital personal loans?

    Personal Loan is very suitable and handy product for the customers for fulfilling their short term financial needs at their ease. Digital Personal Loan is the solution where customers need not to visit the bank branch and can complete end-to-end loan process digitally at their comfort.

  • How Does digital personal loan works?

    Availing Digital Personal Loan is very easy. The customer has to apply using any of the bank’s digital channels and provide the required information digitally. The eligible customers are granted digital sanction. The loan amount is disbursed post documentation and certain other formalities.

  • What are the benefits of digital loan application?

    Digital loan application is paperless process through which the customer can avail the loan in a hassle free manner within quick time frame.

  • Can non-resident Indians (NRIs) apply for a Baroda digital personal loan?

    No, NRIs are not eligible for digital personal loan.

  • What happens if I face technical issues during the digital application process?

    Bank is providing 24*7 dedicated customer care support @ 1800-5700 for any help required by the customer. The customer can also write us at for any technical issues.

  • What is the loan tenure for a digital personal loan?

    Tenure for digital personal loan is 12 months to 60 months, and for pre-approved personal loan is 18 months to 36 months.

  • Which bank is best for digital personal loan?

    Bank of Baroda is leading lender for digital personal loan. With the help of cutting edge technology bank provides seamless experience to the customers.

  • How to calculate digital personal loan emi?

    EMI is the fixed amount to be repaid by the customers every month for the entire repayment tenure of the loan. Each EMI constitutes a portion of Principal amount as well as the applicable interest over the period of the loan.

Banking Mantra

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

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