Personal Loan EMI Calculator
Personal Loan EMI Calculator
-
Loan Amount:
₹500000 -
Rate of Interest (%):
10.90 -
Loan Terms (monthly):
60 -
Equated Monthly Installment (EMI) will be
Pre approved Personal Loan
-
Benefits
-
Features
-
Eligibility Criteria
-
Document Required
-
Fees & Charges
-
Most Important Terms and Conditions (MITC)
Pre approved Personal Loan : Benefits
Paperless Process
Direct Disbursement
No prepayment charges
Attractive Interest Rates
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
- Minimum: 21 years
- 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 |
|
|---|---|
| Repayment Period |
|
| 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. |
Need Assistance?
Request Callback
Please fill in these details, so we can call you back and assist you.
