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 Criteria
  • Document Required
  • Fees & Charges
  • Most Important Terms and Conditions (MITC)

Pre approved Personal Loan : Features

Purpose of Pre-approved Loan: Any purpose other than speculation

Pre – Approved Personal Loan Micro PL Mini PL
Loan Amount Up to Rs.50,000/- Rs.50,001/- to Rs.5,00,000/-
Repayment Period 9-18 months 18-36 months

  • Age criteria
    1. Minimum: 21 years
    2. Maximum age at the end of tenor: 60 years

Pre approved Personal Loan : Eligibility Criteria

  • Salaried individuals
  • Self Employed
  • Please Note: NRls / SHG are not eligible

Pre approved Personal Loan : Document Required

  • Valid Mobile number (Linked with Bank of Baroda Account Number)
  • Aadhar number for procurement of OTP for E-Stamping & E Sign

Pre approved Personal Loan : Fees & Charges

Pre Approved PL Loan Limit Condition Repo Linked lending Rate + Strategic Premium + Spread Effective RoI
Rate of Interest
based on CIBIL Score and internal score)
For Loan amount up to Rs.50,000/- Flat 16.00% 16%
For Loan amount above Rs.50,000/- BRLLR+SP+3.00 to BRLLR+SP+6.50 12.40% to 15.90%
Unified Processing Charges Pre - Approved Micro Personal Loan (Up to Rs.50,000/-) Pre - Approved Mini Personal Loan (Above Rs.50,000/- to Rs.5,00,000/-)
Nil Stamp duty (as per state stamp act ) + Processing charge @2% of loan amount + Applicable GST

Pre approved Personal Loan : Most Important Terms and Conditions (MITC)

Loan Limit
  • Pre - Approved Micro Personal Loan : Up to Rs.50,000/-
  • Pre - Approved Mini Personal Loan: Above Rs.50,000/- to Rs.5,00,000/-
Repayment Period
  • Pre - Approved Micro Personal Loan : 9-18 months
  • Pre - Approved Mini Personal Loan: 18-36 months
Age Minimum -21, Maximum age at the end of tenor- 60
Pre Closure Charges NIL
Penal interest Penal Interest @2% shall be levied on overdue amount/ non -compliance of terms and conditions.
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