Bank of Baroda

Bank of Baroda

Overview

Bank of Baroda Personal Loan helps you take care of all kinds of expenses at a short notice.
The Loan may be availed to meet expenses related to marriage, travel, honeymoon, holiday and medical expenditure or for any other personal use

 

 

Loan Feature

Loan Amount Minimum : Rs. 20000 and Maximum of Rs. 2,00,000 (Subject to condition)
Interest Rate 16.75%
Tenure Up to 36 months (maximum)
Pre Payment Charges No pre-payment charges. However, penalty of 2% on overdue amount
Service Charges

Processing Fee: 2% of the Loan amount or a Minimum of Rs. 250/-

Eligibility Criteria : Personal Loan

  Salaried Self
Age No Age Criteria Provided No Age Criteria Provided
Income Income Criteria Not Available Income Criteria Not Available
Job Experience Permanent confirmed employees (minimum 1 year service) stable business (minimum 1-year);insurance business for the last -5- years
Residence Proof Information Not Available Information Not Available

Docs Required : Personal Loan

  Salaried Self
ID Proof Any One-Govt. I Card/ Passport Copy/ Voters ID card/ Driving Licence/Copy of PAN Card Any One-Passport Copy/ Voters ID card/ Driving Licence/Copy of PAN Card
Address Proof Ration card Tel/Elect. Bill/ Rental agr. / Passport copy/Trade licence /Est./Sales Tax certificate Ration card Tel/Elect. Bill/ Rental agr. / Passport copy/Trade licence /Est./Sales Tax certificate
DOB Proof Birth Certificate or 10th Class Passing Certificate Birth Certificate or 10th Class Passing Certificate
Financial Docs
  • Latest 3 months Bank Statement (where salary/income is credited)
  • 3 Latest salary slips
  • Proof of Continuity current job (Form 16 / Company appointment letter
  • Proof of Qualification Highest Degree (for Professionals / Govt employees)
  • Photographs

 

 

Self employed (Professionals)

  • Bank Statements(latest 6 months bank statement /passbook)
  • Latest ITR along with computation of income, B/S & P&L a/c for the last 2 yrs. certified by a CA
  • Qualification proof of the highest professional degree

Self Employed (Individuals)

  • Bank Statements(latest 6 months bank statement /passbook)
  • Latest ITR along with computation of income, B/S & P&L a/c for the last 2 yrs. certified by a CA
  • Proof of continuation (Trade licence /Establishment /Sales Tax certificate)
  • Photographs

Other Charges : Personal Loan

No Dues Certificate
- For borrower under priority sector - NIL
- Others - Rs.50/- per occasion (Rural Branches Rs.10/- per occasion)

Solvency Certificate
- Upto Rs.5/- lacs ---- Rs.500/-
- Above Rs.5/-lac--- Rs.100/- per lac & part thereof subject to maximum of Rs.15,000/-

Charges for late payment of EMI
- 2% p.a. on overdue amount for overdue period. In addition to above, Service Tax as applicable from time to time shall be levied.

 

Products offered by Bank of Baroda

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Testimonial

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