Get To Know About Bank Of Baroda Personal Loan

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Bank of Baroda Personal Loan 2021
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Description

• Bank of Baroda Personal Loans Details
• Bank of Baroda personal loan can be used for
  various reasons, if in case you are going through
  any financial calamity at any point in your life,
  whether its a financial requirement for consumer
  durables or the immediate need for a quick
  payment, then applying for a personal loan is the
  best available option to meet your needs for
  immediate funds. BOB personal loan is very
  exclusive and generally favored personal loan
  facility. You can easily finance funds for home
  renovation, wedding, or any other emergencies at
  the lowest interest rates with the help of a
  personal loan from Bank of Baroda. 
• Bank of Baroda offers personal loans with
  competitive interest rates and minimal
  documentation processes. Compare and get
  online personal loan interest rates for Bank of
  Baroda at Afinoz.com, one of Indias best loan
  providers.

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Bank of Baroda Personal Loan Eligibility Criteria

• The borrower needs to fulfill the following
  eligibility criteria while applying for a
  personal loan from the Bank of Baroda
• Employees of Public and Private limited companies
  (reputed)
• Government sector employees including PSU (Public
  sector Undertakings) and State Governments
• Minimum age requirement for Bank of Baroda
  Personal Loan application is 21 years and the
  maximum age is 65 years at the time of loan
  maturity
• The maximum amount of personal loan which can be
  availed is ? 10 Lakh
• Salaried individuals must have completed at-least
  1 year of service in the same organization

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Documents Required for BOB Personal Loan

• For obtaining the maximum amount of personal loan
  from Bank of Baroda, a borrower should produce
  the following documents according to their
  business profiles as follows
• List of Common Documents
• Duly signed the application form
• Passport sized photographs
• Copy of Identity Proof Passport/PAN Card/Voters
  ID card/Driving License etc
• Copy of Address Proof Ration card/Driving
  License/Voters ID card/Passport/Telephone
  Bill/Electricity bill
• Processing fee cheque
• Banks statement of last 3 months/6 months bank
  passbook

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• Documents required for salaried individuals
• Latest salary slip
• Current dated salary certificate with the FORM
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• Documents required for self-employed individuals
• Bank statement (Latest)
• ITR or Form - 16 (Latest)

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Bank of Baroda Personal Loan Features and
Benefits

• Here are some of the most prominent features of
  the BOB personal loan
• No cost Pre payment facility Bank of Baroda
  personal loan ensures that the applicant can
  avail the offer of part pre-payment of the
  outstanding loan amount after 12 EMIs without any
  additional charges.
• No Collateral Bank of Baroda personal loan is a
  no collateral (unsecured) loan which requires no
  guarantee or security against the amount of loan
  availed. The bank only requires the applicant to
  maintain their salary or income account with the
  bank.
• Low Rate of Interest On personal loans, Bank of
  Baroda offers the interest rate starting from
  11.35 p.a. onwards, which is considered to be
  one of the lowest in the market.
• Quick disbursal Bank of Baroda ensures that once
  the loan is processed and duly sanctioned, the
  funds are disbursed within hours to make them
  available at the right place and at the
  appropriate time in case of an emergency.
• Flexible repayment Bank of Baroda ensures that
  the customers can choose the loan tenure that
  suits them the best. The EMI calculator enables
  them to calculate the EMI they are required to
  pay across variable tenures of loan, to get an
  account of a repayment schedule that would be
  most suitable to them.

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Benefits of the Bank of Baroda Personal Loan

• Eligible Loan Amount Bank of Baroda offers a
  large quantum of loan under their personal loan
  scheme. The minimum amount eligible is ? 50,000
  and can reach to an extent of ? 10 Lakh under
  certain conditions as prescribed by the bank.
• Balance Transfer and Top-up Bank of Baroda
  provides you an opportunity to transfer your
  existing high cost loan to BOB at a lower rate of
  interest. A top-up on an existing loan can also
  be availed after payment of 6 EMIs for the
  existing loan.
• Meet your needs No matter why you need a
  personal loan, Bank of Baroda can customize the
  offering for you. If you already have an account
  with the bank, you can benefit from special
  rates, large quantum of funds and offers. Bank of
  Baroda also offers a lot of benefits for
  first-time loan customers.
• Nominal Documentation Bank of Baroda ensures its
  customers that the bank requires documents only
  related to residential status and income per
  month, as to approve the loan. No extra documents
  are required for the entire personal loan
  application.

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Bank of Baroda Personal Loan Customer Care

• In case of any queries or concerns regarding the
  Bank of Baroda Personal Loan, an applicant or a
  borrower can connect with the bank on the
  toll-free number 1800 22 3344, 1800 258 4455 and
  1800 102 4455. These numbers are provided for
  24X7 support, the customer service executives are
  prompt and efficient, and can guide a customer
  through almost all kinds of technical and
  financial assistance regarding the loan
  application or other transactional activities.

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About the bank

• Bank of Baroda, Indias second-biggest bank in
  terms of assets is an Indian state-owned
  international banking and financial services
  institution headquartered in Vadodara, Gujarat
  with its corporate office in Mumbai. Bank of
  Baroda was nationalized in 1969, by the
  government of India and has been assigned as
  profit-making public sector undertaking (PSU).

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