Bank of Baroda Personal Loan Interest Rate Calculator - Dec 2016

Bank of Baroda Personal Loan Interest Rates

Last Updated 08th Dec 2016
Salaried Self Employed
Interest Rate 14.10% - 14.10% 14.10% - 14.10%
Lowest EMI Rs. 3,423 per lakh Rs. 3,423 per lakh
Loan Tenure From 12 months to 36 months From 12 months to 36 months
Loan Amount Min Rs. 20,000 and Max Rs. 200,000 Min Rs. 20,000 and Max Rs. 200,000
Processing Fee 2%, Min Rs. 250
Age Min 21 years and Max 60 years Min 21 years and Max 60 years
Prepayment Charges Allowed after 1 EMI's, Allowed after 1 EMI's,
Foreclosure Charges Allowed after 1 EMI's, Nil prepayment charges Allowed after 1 EMI's, Nil prepayment charges
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 Salaried   Self Employed - Professional   Self Employed - Business 





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Bank of Baroda Personal Loan

Bank of Baroda gives the facility of personal loan to the people who want money to achieve their urgent requirements. There are some features and benefits of taking personal loan from Bank of Baroda:
  • Zero prepayment charges
  • Flexible repayment tenure
  • Quick approval of loan
    • Bank of Baroda has been rated 0/5.0 by customers for its service quality on MyLoanCare
    • Bank of Baroda has over 5,373 branches in India where you can avail service
    • Bank of Baroda offers special schemes and discounts for employees of large companies.
    Bank of Baroda Personal Loan Interest Rate depends upon
    • Loan amount: Personal loan rate in Bank of Baroda depends upon the loan amount you apply for. Higher the loan amount, lesser will be the interest rate
    • Company where you work: Bank of Baroda has a list of companies to which they lend personal loan. Interest rate will be less if your company is listed
    • Your Salary: Income helps you in determining your rate of interest. Bank of Baroda interest rate varies with your monthly income. Higher the income, less will the rate of interest

    Personal Loan Bank of Baroda Charges

    Foreclosure Charges- These charges are to be paid in case you want to repay your entire loan amount before the end of tenure period. Bank of Baroda allows prepayment of personal loan after paying 1 EMI’s with 1 prepayment charges
    Processing Fee- Bank of Baroda asks for a processing fee of 2%, Min Rs. 250 of loan amount with applicable service tax

    Bank of Baroda Personal Loan EMI Calculator

    Personal Loan EMI of Bank of Baroda is a fixed amount that you pay each month towards the repayment of your personal loan till the end of tenure. Lowest EMI offered by Bank of Baroda is Rs. 3,423 per lakh loan amount. Personal Loan EMI of Bank of Baroda depends on factors like:
    • Rate of interest is an important factor which affects your EMI. Higher the interest rate, higher will be the EMI
    • Loan tenure matters equally as longer tenure reduces your monthly EMI per lakh
    • Your EMI depends upon the amount of loan you are going to borrow. Loan EMI will be high if you apply for a high loan amount
    What are the benefits of calculating Personal Loan EMI?
    • Personal Loan EMI calculator of Bank of Baroda helps you to calculate your monthly EMI at different rate of interest
    • Bank of Baroda EMI calculator helps you to know your capacity to repay the loan after maintaining your standard of living
    • You get a rough idea about your monthly EMI and can plan your monthly budget accordingly
    Estimated EMI online by using EMI Calculator.

    Bank of Baroda Personal Loan Eligibility Calculator

    Personal Loan eligibility criteria Bank of Baroda
    Eligibility of personal loan in Bank of Baroda relies upon different factors but the most important factor is your ability to repay the loan. The main factors on which the eligibility of an applicant depends are
    • Age: Age plays an important role to know your eligibility and repayment capacity. Citibank offers personal loan to salaried individuals who are atleast 21 years old at the time of loan approval and maximum 60 years at the time of loan maturity. Self employed individuals with age of atleast 21 years and maximum 60 years at the time of loan maturity can apply for personal loan from Bank of Baroda
    • Income: Bank of Baroda Loan eligibility significantly depends upon your income. Usually bank set minimum levels of income to apply for personal loan. Bank of Baroda asks for net monthly income of minimum Rs. 20,000.
    • Job stability and Profession: Job stability is important to improve your status and eligibility for personal loan from Bank of Baroda. In case you are salaried, you must be in a full time job for at least 36 months of which not less 12 months must be with your current company. In case you are self-employed, you must be in current profession or business for at least 5 years and should preferably own either your office or your place of residence. Minimum turnover and minimum net income criteria may apply. Other than job stability, profession is also an important factor which can affect your Bank of Baroda eligibility. If you are working with a reputed company, probability of getting personal loan from Bank of Baroda increases as the income is considered to be more stable
    • CIBIL Score: Your past CIBIL history and repayment record of existing loans and credit cards has direct impact on your personal loan eligibility. If you have a poor repayment record, then you may not get the loan but on the other side, a regular repayment record increases your personal loan eligibility.
    • Loan Amount: Bank of Baroda gives you personal loan depending upon your income. Bank of Baroda gives you an amount ranging from Rs. 20,000 to Rs. 200,000. To improve chances of approval, apply for a loan amount that you can comfortably service.
    Estimated eligibility online by using Eligibility Calculator.
    Popular Products:
    • Baroda Personal Loan for Pensioners
    • Loan for Personal Expenses
    • Loan for Earnest Money Deposit for Buyers of Home, Flats and Plots
    Maximum Annual Percentage Rate (APR) 14.7666666667% to 14.7666666667%
    Representative example of the total cost of the loan, including all applicable fees
    Here is an illustration of the total cost of the loan:
    • Total amount borrowed: Rs. 100,000
    • Time period: 12 months to 36 months
    • Bank of Baroda Personal Loan Interest Rate: 14.10% to 14.10%
    • Processing Fee payable to Bank of Baroda: Upto Rs. 2,000. Current offer for processing fee is 2%, Min Rs. 250
    • Fee payable to MyLoanCare: NIL
    • Total Monthly Cost – From Rs. 3,423 for a 36 months Rs. 100,000 loan at 14.10% (lowest rate, longest time period) to Rs. 8,983 for a 12 months Rs. 100,000 loan at 14.10% (highest rate, shortest time period). This is inclusive of principal repayment.
    • Annual Percentage Rate (APR) of charge including all applicable fees: 14.7666666667% to 14.7666666667%
    • Total cost payable over loan tenure: Rs. 9,801 for 12 months loan to Rs. 25,214 for 36 months loan
    Bank of Baroda’s terms and conditions as per loan agreement applicable. Short term loans/ pay day loans not available; minimum loan tenure - 12 months. Rate of interest depends upon company categorization, income, job stability, loan amount, CIBIL score, credit profile, existing obligations, verification and other factors. Credit at sole discretion of Bank of Baroda.

    Bank of Baroda Personal Loan Top up, Transfer

    Transfer of personal loan from another bank to Bank of Baroda?
    Bank of Baroda offers personal loan balance transfer from another bank. This is subject to your meeting other eligibility criteria of Bank of Baroda
    You can avail additional top-up personal loan from Bank of Baroda, subject to your eligibility

    Personal Loan Bank of Baroda documents required

    Personal loan for Salaried employee Bank of Baroda documents required

    • Filled up loan application form
    • 1 Passport Size Photo
    • Copy of Income Tax PAN
    • Identity Proof - Passport/ Driving Licence/ Voter ID/ PAN
    • Residential Address Proof - Leave and License/ Registered Rent Agreement/ Utility Bill (upto 3 months old), Passport
    • Income Documents – 0 months payslip, 1 years Form 16, 0 months bank statement showing salary credit and any EMI debit

    Personal loan for Self-Employed Bank of Baroda documents required

    • Filled up loan application form
    • 1 Passport Size Photo
    • Copy of Income Tax PAN
    • Identity Proof - Passport/ Driving Licence/ Voter ID/ PAN
    • Residential Address Proof - Leave and License/ Registered Rent Agreement/ Utility Bill (upto 3 months old), Passport
    • Income Documents – 2 years audited financials, 6 months bank statement
    • Business proof such as VAT/ service tax registration, incorporation details in case of companies, business address proof

    Compare Bank of Baroda Personal Loan

    Bank of Baroda Personal Loan in India

    Bank of Baroda Personal Loan Customer Care Number, Email, Application Status, 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 News - Dec 2016
07th Dec 16 Bank of Baroda cuts MCLR by 20 basis points
Bank of Baroda has reduced its overnight and three months marginal cost of lending rate to 8.80 and 8.95 percent from 9 and 9.15 percent respectively. The bank has also reduced its one and five year lending rates by 20 basis points to 9.05 and 9.25 percent from 9.25 and 9.45 percent earlier. Revised rates are effective from 7th December, 2016.
19th Nov 16 Bank of Baroda net profit in second quarter jumps four folds, bad loans decline
Bank of Baroda reported an increase in its net profit at Rs. 552 crores in July to September quarter as compared to Rs. 124 crores during same period last year. Provision for NPAs during the period reduced to Rs. 1,630 crores from Rs. 1,844 crores in same period of last year.
07th Nov 16 Bank of Baroda reduces its MCLR to 9.25 percent from 7th November, 2016
Bank of Baroda has reduced its marginal cost of lending rate by 0.10 percent at 9.25 percent for one year and three year periods. The overnight and six month lending rates are reduced to 9 percent and 9.20 percent respectively. The five year lending rate is reduced to 9.45 percent. The new rates will be effective from 7th November, 2016.
25th Aug 16 Bank of Baroda total business takes Rs 90,000-cr hit in FY16
Bank of Baroda total business has reduced by Rs. 90,000 crore in FY16 due to shrinking loan portfolio and deposit base. Bank has seen a drop of 10.3 percent in credit growth and 7 percent in deposits. Total business of the bank declined to Rs 957,808 crore at the end of March 2016 against Rs. 1,045,625 crore a year ago. Total deposits of the bank reduced to Rs 574,038 crore in FY16 from Rs 617,560 crore in the previous fiscal while advances slipped to Rs 383,770 crore in FY16 against Rs. 428,065 crore a year ago.
27th Jul 16 Bank of Baroda partners with 7 Fintech companies
On its 109th Foundation Day, Bank of Baroda has taken an initiative to partner with fintech companies operating across different areas of SME Financing, Algorithmic Lending, Bill Discounting, Retail Lending and Wealth Management,. With this partnership the Bank would be able to launch new products, acquire new customers, and serve the existing customers on MUCH . Bank of Baroda has partnered with sevenFintech companies which will help the bank expanding our business faster and reach out and support the customers in a better way.
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