Bank of Baroda (BOB) Personal Loan - Up to ₹20 Lakhs & Zero Collateral

Read More - Bank of Baroda (BOB) Personal Loan Eligibility

Why choose a Personal Loan from Bank of Baroda?

1. Zero prepayment charges: Prepayment charges are not applicable at all in case the customer wants to pay off the loan earlier than the stipulated loan tenure.
2. Personal loan special schemes: Bank of Baroda offers personal loans to pensioners and ex-defence personnel too. The bank also has personal loan offerings for Earnest Money Deposits which are for buyers of home/plot/flat.
3. Premium personal loan option for existing customers: Bank of Baroda offers Premium Personal Loan to its existing customers. To be eligible for this loan, a user should have a smooth, running bank account with Bank of Baroda for at least 6 months. The account should be approved for good conduct by the branch head.

Special Criteria for Bank of Baroda Personal Loan

There are a number of other factors that play a key role in determining the maximum amount of personal loan that an individual can avail. Furthermore, if you are a salaried professional who holds a salary account with Bank of Baroda, you might be eligible for some added benefits in terms of eligibility.

See the table mentioned below to learn about these criteria and how they impact the terms and eligibility of a borrower opting for a personal loan at the bank:

How to Calculate EMIs for Bank of Baroda Personal Loans?

You can compute EMIs for your Bank of Baroda personal loan through any online EMI calculator. BankBazaar.com has a convenient personal loan calculator which can be used simply by dragging a slider. It makes your loan application easier.

You can plan your loan expenses and manage your overall finances efficiently with the help of this calculator. To make use of it, you will need to input certain details regarding your loan. These details include loan amount, loan tenure, processing fee, prepayment fee, and interest rate.

You can pay your EMIs promptly to clear your loan on time. During the first few months of your loan tenure, you will be paying a higher interest. Towards the end of your loan tenure, you will be paying a higher principal compared to your interest.

1. To use the BankBazaar EMI calculator for your Bank of Baroda Personal Loan, you will have to first go to the main menu of the website and then go to 'Finance Tools'. Here, you can choose EMI calculator.
2. Once you click on the calculator, you will first have to select your loan amount by dragging the slider.
3. Next, you need to choose your loan tenure with the help of the slider.
4. You will now have to enter the interest rate charged by Bank of Baroda for your personal loan. This will need to be given in percentage.
5. Further, you have to enter the processing fee which will be a percentage of your personal loan amount.
6. You will now have to decide if you wish to go for a prepayment or not. You can do this by clicking the 'Yes' or 'No' option. Next, you can click 'Calculate'.

You may also view the pie chart below the result which will show your loan amount, interest due, and the total processing fee that you need to pay for your loan.

You can also view your amortisation details by checking out the bar diagram which can be found below the pie chart. This will show the interest, unsettled loan amount, and principal.

Bank of Baroda Personal Loan Customer Care   

Bank of Baroda's Personal Loan Customer Care offers prompt assistance and guidance, ensuring a seamless borrowing experience for customers, with dedicated support available via phone, email, and in-person consultations.

1. Toll free number for personal loans: 1800 5700
2. Toll free number for customers of PMJDY: 1800 102 7788
3. Customer service number for NRI customers: +91 79-49044100 or +91 79-236040

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