The personal loan interest rate in Bank of Baroda varies based on the applicant's CIBIL score and other eligibility factors. The general interest rate for personal loans at the Bank of Baroda starts from 11.25% - 18.30% per annum, depending on the credit profile of the borrower. The bank offers loans on floating interest rate as well as fixed interest rate depending on the conditions.
What is the Bank Of Baroda Personal Loan Interest Rate?
As I already mentioned that BoB personal loan interest rates range from 11.25% - 18.30% per annum. Bank of Baroda offers a maximum loan amount of Rs. 20 lakhs (varies based on location). Processing fees for the Government employees who have a salary account with the Bank of Baroda are NIL. However, for others it ranges from 1.00% of loan amount to 2.00% plus GST, subject to a minimum of Rs.1,000 + GST, and a maximum of Rs.10,000 + GST.
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What are the Documents Required for Bank of Baroda Personal Loan?
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Both floating and fixed Bank of Baroda personal loan interest rate options are available. There are several personal loan products of Bank of Baroda. I have an account in BOB, and I recently availed of a Bank of Baroda Digital Personal Loan from them. I’ll be happy to share the interest rate for the same.
What is the Personal Loan Interest Rate in Bank of Baroda?
As I already mentioned that there are several Bank of Baroda personal loan products, so the ROI will be different as per different loans. However, as I availed of a BOB digital personal loan the interest rates were as follows,
Fixed ROI
Product |
Conditions |
Applicable Rate of Interest |
Effective BOB Bank Personal Loan Interest Rate |
Baroda Digital Personal Loan |
Rate of Interest (based on CIBIL Score and internal score) |
Min: 1 Year MCLR+SP+3.80 |
From 12.95% to 18.30% |
Max: 1 Year MCLR+SP+9.15 |
Floating ROI
Product |
Conditions |
Applicable Rate of Interest |
Effective Bank of Baroda PL Interest Rate |
Baroda Digital Personal Loan |
Rate of Interest (based on CIBIL Score and internal score) |
Min: BRLLR+SP+3.50 |
From 12.90% to 18.25% |
Max: BRLLR+SP+8.85 |
I hope this helps!
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How to Apply Personal Loan in Bank of Baroda?
What is the Bank of Baroda Personal Loan Interest Rate?
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2024-07-24T14:06:18+00:00 2024-07-24T14:06:18+00:00Comment
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