Bank of Baroda Personal Loan – Apply Online

Bank of Baroda Personal Loan Image By Bravima Solution

If you’re looking for an unsecured personal loan with a trusted lender, consider the Bank of Baroda (BoB). Through Bravima Solution, you can access BoB’s personal loan product with streamlined assistance, helping you secure the best terms and faster disbursal.

Key Features of BoB Personal Loan

Interest Rates: For top-profiles (e.g., govt employees with BoB salary account) the floating rate starts from 10.40% p.a. to about 10.90%. For other profiles, rates vary typically between ~12.15% to 17.75% p.a. depending on category.
Loan Amount: Up to ₹20 lakh for many eligible applicants.
Tenure / Repayment Period: Up to 84 months (7 years) in many cases.
Minimal Collateral / Secured Requirement: The product is unsecured — you don’t need to pledge assets, subject to eligibility.
Processing Charges: For some salary account holders of BoB, processing fee may be nil; for others it ranges around 1-2% of the loan amount + GST.
Pre-closure / Foreclosure Benefit: BoB mentions that personal loans can be pre-closed with no pre-closure charges in many cases.

Why Choose Through Bravima Solution?

As a leading loan aggregator, Bravima Solution helps you:

Compare the best BoB personal loan offer matched to your profile (income, employment, credit history)
Ensure your documentation is correct and complete — minimising delays
Assist with application submission and follow-up with BoB, improving chance of quick approval
Offer transparency on interest, fees, and repayment, so you know exactly what you’re signing up for
Provide access to alternate offers if your profile isn’t fully eligible for the best BoB slab

Apply for Personal Loans online with minimal documentation

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Eligibility Criteria (Indicative)

Here are the typical eligibility norms for BoB personal loan — actual terms may vary by branch/region:

Age: 21 years (minimum) up to 60–65 years depending on salaried vs self-employed.
Employment: Salaried (government/PSU/private) or self-employed professionals/business persons with stable income.
Have a satisfactory account relationship (especially for higher loan amounts) with BoB or other bank.
Good credit history and CIBIL score (typically 700+ recommended)
For salaried applicants: often a minimum continuous service of 1 year.

Documents Required

The usual documents you will need to upload or submit include:

PAN Card
Aadhaar / Voter ID / Passport (Identity)
Address Proof (Utility Bill, Driving License, etc.)
Salary slips (last 3 months) for salaried
Bank statements (last 6 months)
If self-employed: ITRs, audited financials, business registration proof
Employment proof / salary account statement with required relationship

Apply for Personal Loan with Quick Disbursal

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Example Calculation

Let’s take an example to illustrate:

Loan Amount: ₹5,00,000
Interest Rate: 10.40% p.a. (for top-profile)
Tenure: 60 months (5 years)

Approximate EMI: By estimation you’d pay around ₹10,622/month (assuming rate held constant).
This example shows how a comparatively lower interest rate helps reduce EMI burden.

(Of course, your exact EMI will depend on exact interest, tenure, processing fees, and your profile.)

BoB Personal Loan vs Other Lenders

Here’s how BoB stacks up in key features vs typical alternatives:

Feature	BoB Personal Loan	Other Banks/NBFCs
Starting Interest Rate	~10.40% p.a. for top category	Often 11-14% or more depending on profile
Max Loan Amount	Up to ₹20 lakh for eligible profiles	Varies widely; may be lower or higher but terms differ
Pre-closure Charges	Often Nil for fully paid cases	Some lenders may charge fees
Documentation	Minimal for salary account holders with BoB	May require more checks for non-salary or NBFC cases
Reputation & Trust	Central PSU bank with wide reach	Varies – could be NBFC or private bank

How to Apply via Bravima Solution

Fill the eligibility form on Bravima Solution’s site with basic details (salary, employment type, income).
Compare offers: We match you with BoB’s best personal loan option and if needed other lenders.
Upload documents: Submit your KYC & income proof digitally.
Approval & sanction: Once your profile fits, BoB sanctions the loan.
Disbursal: Amount disbursed to your account quickly; start repayment as per agreed EMI schedule.

Bravima Solution guides you end-to-end so that you don’t face typical hassle, delays, or hidden surprises.

Fast Personal Loans – Easy Application Process!

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FAQs (Frequently Asked Questions)

Q1. What is the minimum and maximum loan amount at BoB?
Minimum can be as low as ~₹50,000 (in semi-urban/rural branches) and up to ₹20 lakh for eligible borrowers in metro/urban branches.

Q2. Are there any pre-closure charges?
For many loans with BoB, there are no pre-closure charges, especially for term loans fully paid off.

Q3. What interest rate can I expect?
For top-profile salaried under BoB salary account conditions: ~10.40–10.90% p.a. For other profiles rates may be higher.

Q4. How quickly is the loan disbursed?
If your documents are complete and you meet eligibility, disbursal can be fast — subject to branch processing and verification.

Q5. Can self-employed individuals apply?
Yes — BoB allows self-employed professionals/business persons with necessary proof and account relationship.