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Bank of Baroda is among the most trusted public sector banks in the country, providing various banking and financial services. It offers a wide range of loans, including business loans. MSMEs, self-employed professionals, owners of business entities, corporates, etc., can get a BOB Business Loan. 

To suit the business requirements of various customer types, the bank provides several types of business loans, that include:

  • MSME business loans

  • Working capital loans

  • Term business loans

  • Overdraft loans

  • Bill discounting loans 

Read on to learn more about the crucial aspects of a Bank of Baroda Business Loan.

Bank of Baroda Business Loan Features and Benefits

Loan to suit various business types

BOB Business Loans suit several natures of business from MSMEs to corporates.

Loan for a wide range of purposes

You can use the loan amount for a variety of purposes, like modernising your business establishment.

Loan for different customer categories

Both self-employed professionals and non-professionals can avail this form of credit.

Hassle-free loan application

The Bank of Baroda Business Loan comes with a simple and convenient online application process.

Quick disbursal

You do not need to wait for long to get a BOB business loan to get approval and sanction.

Bank of Baroda Business Loan Eligibility

The Bank of Baroda Business Loan eligibility conditions are quite simple, but they vary across different products. Here’s the basic eligibility criteria you need to meet:

  • Age

You must be between 21 and 60 years.

  • CIBIL Score

Have a CIBIL score of 750 or above to enjoy competitive interest rates. 

  • Stability and Profitability of Business

You need to have a profitable business with two years of vintage.

  • Credit History

Your business should not have a history of credit default with any financial institution.

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Documents Required for BOB Loan Application

Here is a look at standard documentation required for availing a Bank of Baroda Business Loan. The required documents may vary across loan products.

  • Passport-size photographs 

  • Proof of Address: Passport, rental agreement, utility bills, etc 

  • Proof of Business Identity: Certificate of Registration, articles of association, etc 

  • Proof of Income / Revenue: Bank statement of last six months, salary slips

Remember, the requirement for additional documentation is at the discretion of the bank and contingent upon several factors. This includes the business loan product selected, amount required, and the type of business you own.  

Bank of Baroda Business Loan EMI Calculator

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How to Apply for a BOB Business Loan

You can apply for a Bank of Baroda Business Loan online in a few simple steps. You are required to:

  • Visit the Bank of Baroda’s official website for business loans

  • Select your preferred loan from various types of business loans, such as MSME loans, corporate loans, international banking loans, start-up banking loans, and more

  • Choose the sub-category of your business loan (For instance, if you select MSME loans, you can see multiple loan offers, like loans and advances, digital MSME working capital loans, digital mudra loans, etc)

  • Click on ‘Apply Now’

  • Provide your personal details and complete the registration process by entering an OTP

A bank official or representative will contact you to take the loan application forward. You will need to fill out the online form and upload the requisite documents. Upon successful authentication of your form and approval of your application, the loan amount will be disbursed within a short time.


The information and suggestions provided by BFDL hereinabove is related to the Non-Partnered Banks/ NBFCs and is just for the purpose of information and under no circumstances the information provided hereinabove is intended to be source of advice or recommending any financial advice or endorsement of any sort.

The information including interest rates or fees, loan amount and other charges with regard to any product, provided on this website is gathered through publicly available sources over the internet and is considered as accurate and reliable to the best of our knowledge. BFDL disclaims any responsibility or liability regarding inaccuracies, omissions, mistakes etc. as well as offers by the Non-Partnered Banks or NBFCs. The use of information set out is entirely at the User’s own risk and User should exercise due care prior taking of any decision, on the basis of information mentioned hereinabove. You are advised to visit/ contact the respective Banks/ NBFCs to verify the information before making any application or opening an account. Further, BFDL does not undertake any responsibility or liability to update this information. YOU ARE SOLELY RESPONSIBLE FOR ANY LIABILITY OR DAMAGE YOU INCUR THROUGH ACCESS TO OR USE OF THE SITE OR SUCH INFORMATION OR MATERIALS EXCEPT WHERE THE LAWS AND REGULATIONS OF A PARTICULAR JURISDICTION CONCERNING WARRANTIES CANNOT BE WAIVED. Additionally, display of any trademarks, tradenames, logo and other subject matters of intellectual property owners. Display of such Intellectual Property along with the related product information does not imply BFDL’s partnership with the owner of the Intellectual Property of such products.

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FAQs on the Bank of Baroda Business Loan

What is the rate of interest on a Bank of Baroda Business Loan?

Bank of Baroda Business Loan interest rates vary across different products. Visit the bank’s official website to find the latest rates applicable.  

Is age an eligibility factor to get a loan from the Bank of Baroda?

Yes, you must be at least 21 years old to apply for a Bank of Baroda Business Loan. The maximum age on the date of loan maturity should not be above 60 years.

Does Bank of Baroda offer a Working Capital loan?

Yes. The bank provides companies with working capital to meet operating expenses, either by issuing a letter of credit or via direct funding. 

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