BOB Personal Loan: Personal loan is a good option to meet the needs of people in today’s time. Bank of Baroda is offering personal loan up to Rs 10 lakh to its customers at a low interest rate. In this article, we will talk in detail about Bank of Baroda’s personal loan.
There are some eligibility criteria to be fulfilled to get a personal loan from Bank of Baroda. The applicant should be between 21 and 60 years of age and must have a stable and reliable source of income. Salaried people should have a minimum monthly income of Rs 15,000 and independent businessmen should have Rs 25,000. The applicant’s credit score should be at least 750.
Loan amount and interest rate
Bank of Baroda offers a personal loan amount ranging from Rs 50,000 to Rs 10 lakh. The interest rate charged on this loan is 10% to 16% per annum. The loan repayment period can range from 12 months to 4 years.
Required Documents
Some important documents are required while applying for a personal loan. These include Aadhaar card, PAN card, identity card, income certificate, bank passbook, mobile number and email ID.
Application Process
Applying for a personal loan is very simple. You need to visit the Bank of Baroda website and log in using the number linked to your Aadhaar card. You then need to fill out the personal loan application and select the loan option. After this, fill out the loan application form. If you meet the eligibility criteria of the bank, your loan will be approved and the funds will be transferred to your account within 2-3 days.
Bank of Baroda Personal Loan is a good option for those who need funds to meet their requirements. With its simple process and low interest rates, you can easily meet your needs.