MyLoanCare is a FREE of cost service for borrowers

Get Voucher of Upto ₹1,000* on Personal Loan Apply Online

MyLoanCare Customer Ratings - 4.5/5.0

Compare Corporation Bank vs Bank of Baroda Personal Loan

Download Comparison
Bank
Interest Rate
Interest Rate
8.90% - 13.00%
9.20% - 16.55%
Processing Fees
Processing Fees
1.5%, Min Rs. 500
2%, Min Rs. 250
Loan Amount
Loan Amount
₹ 1 Lakh to ₹ 2.50 Lakh
₹ 50,000 to ₹ 5 Lakh
Loan Tenure
Loan Tenure
12 to 36 Months
12 to 60 Months
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 3,175
₹ 2,086
Part Payment Charges
Part Payment Charges
Allowed after 0 months at Nil prepayment charges
Not Allowed
Foreclosure Charges
Foreclosure Charges
Allowed after 0 months at Nil prepayment charges
Allowed after 1 month at Nil
Eligible Age
Eligible Age
21 to 58 Years
21 to 60 Years
Minimum Income
Minimum Income
₹ 20,000
₹ 20,000
Current Work Experience
Current Work Experience
NA
12 Months
Total Work Experience
Total Work Experience
NA
36 Months
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
Add Bank

Compare Personal Loan EMI of Corporation Bank and Bank of Baroda

Loan Amount Corporation Bank Bank of Baroda
₹ 1 Lakh ₹ 3,175 ₹ 2,086
₹ 5 Lakh ₹ 15,877 ₹ 10,428
₹ 10 Lakh ₹ 31,753 ₹ 20,856
₹ 12 Lakh ₹ 38,104 ₹ 25,027

Which is a better bank for Personal Loan – Corporation Bank or Bank of Baroda?

Bank of Baroda offers lower Personal Loan EMI at Rs. 2086 for 60 Months compared to Corporation Bank with a minimum EMI of Rs. 3175 for 36 Months. In addition, average customer ratings for Bank of Baroda is currently at /5.0, making it a good choice for taking a Personal Loan.

How does Corporation Bank Personal Loan compare with Bank of Baroda Personal Loan?

It is important to make a detailed comparison of Corporation Bank and Bank of Baroda on all loan terms and conditions to understand their differences and make an informed decision. Keep in mind that each bank’s scheme has its pros and cons that have to be evaluated before choosing the best offer. Some of the key results of the comparison between the two banks are:

  • Lowest Interest rate of Corporation Bank Loan is 8.90%, which is lower than the lowest interest rate of Bank of Baroda at 9.20%. Hence, Corporation Bank is offering a cheaper loan option.
  • Compared to other Personal Loan charges such as processing fees, Corporation Bank charges a processing fee of 1.5%, Min Rs. 500, while Bank of Baroda charges a processing fee of Upto 2%, Min Rs. 250.
  • Bank of Baroda offers Personal Loan upto an amount of ₹ 5 Lakh, while Corporation Bank offers Loan upto an amount of ₹ 2.50 Lakh. Therefore, Bank of Baroda can be a better option if you are looking for a high value amount.
  • One feature that makes Personal Loan a better option is the foreclosure facility. Corporation Bank gives the option to close the loan after Zero months at Nil prepayment charges and Bank of Baroda gives the option to close the loan after 1 months at Nil. This makes Corporation Bank a better option for Personal Loan.
  • Corporation Bank allows part payment on Personal Loan after Zero months at Nil charges, while Bank of Baroda does not offer a part payment facility. This makes Corporation Bank a better option for instant loan requirements.
  • with an average customer rating of is equally comparable to with an average customer rating of . Hence, the customer can expect the same kind of service levels from these banks.

Which bank offers a lower interest rate on Personal Loan – Corporation Bank or Bank of Baroda?

As per the current rates, Corporation Bank offers a lower interest rate of 8.90% on loans compared to Bank of Baroda, which offers a Personal Loan at 9.20%.

Know more about Corporation Bank Personal Loan

Know more about Bank of Baroda Personal Loan

Compare Corporation Bank Personal Loan With Other Banks

Compare Bank of Baroda Personal Loan With Other Banks

Notification ×
  • Home Loan

    Home Loan at all-time low rates starting at 7.15%. Cashback of up to ₹ 1,000

    Apply Now
  • Personal Loan

    Instant Personal Loan starting at 10.25% with Cashback of up to ₹ 1,000.

    Check Offers
  • Gold Loan

    Instant Gold Loan starting at 9.00% with Cashback of up to ₹ 500

    Apply Now
  • Loan Against Property

    Best Loan Against Property Offers starting @ 8.10%. Cashback of up to ₹ 1,000*.

    Apply Now
  • Business Loan

    Collateral Free Business Loan Rates starting at 14.00% with Overdraft facility.

    Apply Now
  • Fixed Deposit

    AAA rated FDs with returns as high as 7.05%.

    Invest Now
Personal Loan News - Aug 2022
  • 2022-08-09 : HDFC hikes MCRL by upto 10 bps on all loan tenures.
    With the effect of the 50bps hike by RBI in key policy rates, private sector lender HDFC increased its marginal cost of funds-based lending rates on loans across all tenures by upto 10 basis points. The one-year MCLR will now be 8.10% compared to 8.00% previously.
  • 2022-08-06 : SBI to offer personal loans of upto INR 35 lakhs via YONO.
    With the help of Real-Time Xpress Credit (RTXC), SBI will now offer personal loans of upto INR 35 lakhs on YONO app. Customers can now apply for a personal loan on YONO app without having to fill out any documentation.
  • 2022-07-22 : SBI hikes lending rates, loan EMIs to rise.
    Increase in SBI’s Marginal Cost Lending Rates on loans by 10 basis points. The new lending rates will come into effect from 15th July 2022. For one year tenure, MCLR increased to 7.5% from the current 7.4%, and retail loans for cars, houses, or personal loans tend to go higher, affecting monthly loan installments.
  • 2022-05-13 : Punjab National Bank Increases Personal Loan Rates
    The bank has increased the rates by 40 basis points, and after the revision, the bank offers personal loans starting from 8.85% to 14.85%.
  • 2022-05-13 : South Indian Bank Posts all-time High Net Profit in Q4
    The Bank has posted an all-time high net profit of ₹272 crores for Q4 in FY 22 against ₹6.79 crores during the corresponding period of the previous year.
*Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
Loader
Please wait while your information is being processed...