Bank of Baroda (BOB) is one of India’s leading public sector banks, ranking second after the State Bank of India. With millions of active accounts, BOB offers various financial services, including personal loans ranging from ₹50,000 to ₹500,000. Established on July 20, 1908, the bank has grown significantly, operating 9,693 branches and 10,033 ATMs across India as of March 2022.
How to Apply for Bank of Baroda Personal Loan 2024
To apply for a personal loan from Bank of Baroda, follow these simple steps:
- Visit the official website bankofbaroda.in.
- Navigate to the ‘Loans’ section.
- Select ‘Personal Loan’ from the available options.
- Click on ‘Apply Now’.
- Enter your name, mobile number, and OTP to proceed.
- Log in using your registered mobile number.
- Fill in your personal details and submit the application.
- After successful submission, your loan application will be processed, and funds may be credited to your bank account within hours.
Required Documents for Bank of Baroda Personal Loan
Ensure you have the following documents ready when applying:
- Aadhaar Card
- Bank Passbook
- Passport-size Photograph
- Salary Slip
- 6-month Bank Statement
- Income Proof
- Address Proof
- Signature (Hindi/English)
- Active Mobile Number
Loan Amount and Interest Rates
- Loan Amount: ₹50,000 to ₹10,00,000
- Interest Rate: Starting from 10.85% annually.
Benefits of Bank of Baroda Personal Loan
- Quick Approval: Get loan approval in just five minutes.
- Multiple Loan Options: Choose from personal loans, education loans, Mudra loans, business loans, FD loans, and more.
- Easy Process: Apply online from the comfort of your home.
- Customer Support: For any assistance, contact the helpline at 1800 5700.
Apply Now: Visit bankofbaroda.in and secure your personal loan hassle-free today!