Loan of 1 lakh without income proof A Step-by-Step Guide – BOB Personal Loan 1 lakh without income proof online
Bank of Baroda offers personal loans to help individuals manage unexpected financial needs such as medical emergencies, home repairs, or travel expenses. These loans, ranging from ₹50,000 to ₹5 lakh, come with a competitive annual interest rate of approximately 16% and a flexible repayment tenure of up to 5 years.
Bob personal loan 1 lakh without income proof online Features and Eligibility
- Loan Amount: ₹50,000 to ₹5 lakh
- Interest Rate: ~16% annually
- Repayment Tenure: Up to 5 years
Bob personal loan 1 lakh without income proof online Application Process
- Online: Visit Bank of Baroda’s website to fill out the application form and upload documents.
- Mobile App/Net Banking: Log in and follow instructions to apply.
- Branch Visit: Apply in person with the help of bank staff.
- Customer Care: Contact for guidance on the process.
Bob personal loan 1 lakh without income proof online Required Documents
- Identity Proof: PAN card/Aadhaar card
- Address Proof: Utility bills or rental agreements
- Income Proof: Salary slips or bank statements
- Bank Statements: Transaction history
- Passport-size Photograph
Bob personal loan 1 lakh without income proof online Verification and Approval
Document Check: Validation of submitted documents
Income Verification: Assessment of financial stability
Credit Score Assessment: Determines creditworthiness
