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Bank of Baroda(BOB) personal loan can use for many reasons like home renovation, medical treatment, wedding, travel ETC. For personal loan use BOB personal loan.
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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 it’s 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 loanswith competitive interest rates and minimal documentation processes. Compare and get online personal loan interest ratesfor Bank of Baroda at Afinoz.com, one of India’s best loan providers.
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
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
Documents required for salaried individuals: • Latest salary slip • Current dated salary certificate with the FORM – 16 • Documents required for self-employed individuals: • Bank statement (Latest) • ITR or Form - 16 (Latest)
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.
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.
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.
About the bank Bank of Baroda, India’s 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).
