Bank of Baroda personal loan 2024: Apply directly for Bank of Baroda personal loan 2024, and get a loan from Rs 50,000 to Rs 10 lakh in just 5 minutes. In this special post, we will tell you how to get a personal loan in Bank of Baroda and how to apply for it.
If you are looking for a loan, this could be the right time for you. In this post, we will provide you with the necessary information to get a personal loan through Bank of Baroda, as well as complete details of the application process.In this post, we have explained in detail the instructions and process to apply for a personal loan from Bank of Baroda, so that you can take proper steps to meet your loan requirements.
How you can get bank of Baroda personal loan
To get Bank of Baroda personal loan 2024, the conditions given below have to be followed. Government employees and job professionals have to ensure that they fulfil the following conditions so that they can get the loan:
For government employee
- The applicant should be a government employee or employed and the monthly earning in his account should be more than Rs 15,000.
- The age of the applicant should be between 21 to 60 years.
- Other job professional applicants should also have a salary account.
- Applicants can apply for a personal loan of more than Rs 2 lakh from the bank, for which their salary account should be at least 6 months old.
For self-employed applicants:
Applicant must be between 18 to 65 years of age and must have at least 1 year of continuous professional experience. Bank of Baroda offers personal loans for individuals who want to apply for up to ₹200000.
In case of Insurance Agent Applicant:
For Insurance Agent, the applicant must deposit the agent commission in the Bank of Baroda account for at least 6 months. This is an essential condition that they have to fulfil to get a personal loan from the bank.
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Documents required for Bank of Baroda Personal Loan
Here is the list of the documents you need for the Bank of Baroda personal loan 2024:
- Aadhar card
- PAN card
- electricity bill
- residence certificate
- Birth certificate
Features of the Bank of Baroda personal loan 2024
To apply for a personal loan, individuals must fulfil certain eligibility criteria. Government employees or private sector workers are eligible if they have a minimum continuous service of one year. Self-employed professionals or business persons applying for personal loans need to have been in business or practice for at least one year.
Applicants must be at least 21 years old to qualify for a personal loan, and co-applicants are not permitted. The maximum age for applying for personal loans is 60 years for salaried individuals and 65 years for non-salaried individuals at the end of the repayment period.
The loan amount is capped at a maximum of Rs.20.00 lakhs, and the actual amount depends on the borrower’s occupation and their account relationship with Bank of Baroda. The minimum loan amount is Rs.1.00 lakh for Metro & Urban Branch and Rs.0.50 lakh for Rural & Semi-Urban Branch.
Processing charges for personal loans vary. Government employees maintaining a salary account with Bank of Baroda incur no processing charges. For others, charges range from 1.00% to 2.00% plus GST, with a minimum of Rs.1,000+GST and a maximum of Rs.10,000+GST.
Baroda Personal Loan offers both floating and fixed-rate interest options. For more details, individuals are encouraged to visit their nearest Bank of Baroda branch.
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How to apply for Bank of Baroda personal loan 2024:
Here below we have giv3n you the complete process to apply for the bank ok Baroda personal loan. you can follow below given steps to apply for the bank of Baroda personal loan
- People who want a personal loan from Bank of Baroda need to follow the following steps:
- First of all, visit the official website of Bank of Baroda www.bankofbaroda.in.
- On the home page, go to the top right and select the “Login” option, which will have a lock logo. Click on it.
- Here, select the “Personal Loan” option and login with your ID and password or already registered mobile number.
- After this, you will see a loan option. Click on it and then select “Personal Loan”.
- After this, you will get the option of “Pre-Approved Personal Loan”. Click on it.
- Once you reach a new page, under “Next Step”, select the option “Proceed”.
- After that, fill the mobile number and receive OTP.
- After entering the OTP, you will be taken to a new page where you will have to fill the required details.
- Now, another OTP will be sent to your number, which you will have to enter here.
- This time, in the page that will open in front of you, you will have to enter how much loan you want and also mention in its details the period in which you want to repay this loan.
- To proceed further you have to click on the “Proceed” option.
- “You are not allowed to do this action on the current page!” The message is visible!!
- Next you have to click on the “Accept” button to accept whatever is related to the “Terms and Conditions”.
- After “Accept”, you will be sent OTP again. After entering this OTP, your process will be almost complete.
- Now, you will receive a message on your registered mobile number informing you that the loan amount sought will be transferred to your bank account.
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FAQ’s: Bank of Baroda personal loan 2024
What amount of loan does an individual is getting from Bank of Baroda personal loan 2024?
An individual is getting a loan from Rs 50,000 to Rs 10 lakh.
How to apply for Bank of Baroda personal loan 2024?
By visiting its official website.
