Bank of Baroda Personal Loan EMI Calculator - Mar 2017

Bank of Baroda Personal Loan Calculator

Lowest EMI on Bank of Baroda Personal Loan - Rs. 3,302 per lakh
Last Updated 11th Feb 2017
Loan Tenure
Loan Amount (Rs.) 2 Years 3 Years 5 Years
100,000 Rs. 4,689 Rs. 3,302 Rs. 2,204
300,000 Rs. 14,066 Rs. 9,907 Rs. 6,613
500,000 Rs. 23,443 Rs. 16,512 Rs. 11,021
1,000,000 Rs. 46,887 Rs. 33,024 Rs. 22,043

Factors affecting Bank of Baroda Personal Loan EMI

  • Borrower age should be between 21 years to maximum 60 years.
  • Maximum personal loan amount offered by Bank of Baroda is upto Rs. 200,000.
  • Interest rates range from 11.60% to 16.60% depending upon customer profile, loan amount and other factors.
  • Processing fee in Bank of Baroda may be 2%, Min Rs. 250 of loan amount.
Bank of Baroda Personal Loan EMI Calculator
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Bank of Baroda Personal Loan EMI

  • Personal Loan EMI (or equated monthly installment) is a fixed amount of money paid by you to Bank of Baroda against the loan taken. This is towards repayment of your loan to the bank. Every month, it is due on a fixed day of the month till your loan is fully paid back.
  • With Bank of Baroda offering Personal Loans with loan tenure upto 5 years, the loan EMI can be as low as Rs. 3302 per lakh, to make it more affordable and convenient to meet your personal needs. Rate of interest offered by Bank of Baroda are as low as 11.60%.
  • This EMI consists of both interest payment and principal repayment. Though the EMI amount will remain constant, the principal component keeps increasing and on the other hand the interest component keeps reducing.

Bank of Baroda Personal Loan calculator formula

P*r* (1+r)^n/([(1+r)^n]-1)
Here is an illustration of how Bank of Baroda Personal Loan EMI is calculated:
In above formula,
P = Loan amount. This can range from Rs. 20,000 to Rs. 200,000
r = Rate of interest per month. Current rate is 11.60%
n = tenure in month. For Bank of Baroda, this can be 36 months

Personal loan EMI calculator Bank of Baroda - How it works?

  • This calculator calculates EMI considering a combination of loan amount, interest rate and loan tenure.
  • This calculator considers “reducing balance basis” and assumes that payment of EMI is made in arrears (means interest is charged for the month preceding the EMI payment date) and not in advance.

Personal Loan EMI - EMI Changes in case of prepayment

    In case you prepay your personal loan, the outstanding balance on your personal loan reduces. Bank of Baroda gives you two options:
  • Reduce your loan tenure and keep your personal EMI same
  • Reduce the amount of EMI and keep your loan tenure same
  • It is better to keep the EMI constant and reduce the loan tenure as you pay less interest to the Bank of Baroda in this option.

Frequently Asked Questions on Bank of Baroda EMI Calculator

What is the lowest EMI per lakh offered by Bank of Baroda on personal loan?

Bank of Baroda offers personal loan at 11.60% interest rate and hence lowest EMI on per lakh loan amount is Rs. 3,302.

Can I prepay my Bank of Baroda personal loan?

Bank of Baroda offers you an option of prepayment after 1 months at Nil prepayment charges.

Is there any processing charge on personal loan from Bank of Baroda?

Personal Loan from Bank of Baroda charges a processing fee of 2%, Min Rs. 250.

Bank of Baroda Personal Loan EMI Calculator Customer Care Number, Email, Application Login, Branches

City Customer Care Number
Agra 0562-253567
Ahmedabad 1800-223-344
Ambala 1800-223-344
Anand 0265-2361852
Aurangabad 0832-224003
Bangalore 080-22224746
Bhilai 1800-223-344
Bhilwara 1800-102-4455
Bhiwadi 0832-224003
Bhopal 0755-556274
Bhubaneswar Cuttack 0674-2517435
Bikaner 1800-102-4455
Chandigarh 0172-701617
Chennai 044-23454249
Cochin 0484-4027903
Coimbatore 0422-2303735
Dehradun 05946-22178
Delhi 011-3319192
Durg 1800-223-344
Faridabad 0129-2412681
Gandhinagar 0265-2361852
Ghaziabad 0120-2790111
Goa 0832-224003
Greater Noida 011-3319192
Gurgaon 011-3319192
Guwahati 0361-2540475
Gwalior 1800-223-344
Hyderabad 1800-223-344
Indore 1800-223-344
Jabalpur 1800-223-344
Jaipur 0141-363056
Jalandhar 0172-701617
Jodhpur 0291-550084
Kanpur 0512-215655
Karnal 0172-701617
Kolhapur 0832-224003
Kolkata 1800-223-344
Kota 0291-550084
Kozhikode 0484-4027903
Lucknow 0522-206028
Ludhiana 0172-701617
Madurai 0422-2303735
Meerut 0562-253567
Mehsana 0265-2361852
Mohali Sas Nagar 0172-701617
Mumbai 022-22614706
Mussoorie 05946-22178
Nagpur 0712-527466
Nashik 0712-527466
Noida 011-3319192
Noida Extn. 011-3319192
Panipat 1800-223-344
Patna 0612-2452336
Pondicherry 1800-223-344
Pune 020-5466917
Raipur 0771-526081
Rajkot 0281-225686
Ranchi 0657-2426802
Rohtak 1800-223-344
Roorkee 05946-22178
Salem 0422-2303735
Shimla 1800-223-344
Sonepat 1800-223-344
Surat 0261-3462216
Trichy 0422-2303735
Udaipur 0294-522203
Vadodara 0265-2361852
Varanasi 0542-2366349
Vijaywada 040-23421603
Vizag 040-23421603
Bank of Baroda Personal Loan EMI Calculator News - Mar 2017
14th Feb 17 Bank of Baroda plans to put in place a 2000 strong sales forces to push retail loans
Bank of Baroda is planning to put in place a 2000 dedicated and strong sales force to push its retail loans. The existing retail loan portfolio of the bank stands at 19 percent of its total domestic advances. The bank intends to focus on select centres in metros at the initial stage, gradually expanding to other centres.
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