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If you are a resident of Baroda and are in need of funds, you can get the same easily through a personal loan. One of the best things about personal loans in Baroda is that you can get it almost instantly and that too with minimal documentation. Another feature of a personal loan in Baroda is that you can use the money for whatever you want. This article will tell you everything you need to know about personal loans in Baroda.

Top Banks and NBFCs Providing Personal Loans in Baroda

Many leading lending companies will give you a personal loan in Baroda. You can find a list of them below.

Lender

Interest Rate

Processing Fee

Bajaj Finance Limited

13.99% p.a. onwards

Up to 3.99% of the loan amount

Fullerton India Credit Co. Ltd.

12% p.a. onwards

Between 0% - 6% of the loan amount

PaySense Partners - PayU Finance (India) Pvt. Ltd

1.33% - 2.17% per month

2% of the loan amount or ₹500 (whichever is higher)

Axis Bank

10.49% p.a. onwards

Up to 2% of the loan amount

Muthoot Finance

13.75% p.a. onwards

2% - 4% of the loan amount

SBFC Finance Pvt Ltd.

14.0% p.a. to 19.5% p.a.

2% of the loan amount

CASHe

2.75% per month

  • Flat ₹500 for loan amount between 0 to 33333 and 1.50% on the loan amount when loan amount is greater than 33333 (if the loan tenor is 3 months).

 

  • Flat ₹1200 or 2% on the loan amount whichever is higher (if the loan tenor is 6 months, 9 months or 12 months).

 

  • Flat ₹1000 or 3% of the principal amount whichever is higher (if the loan tenor is 18 months).

EarlySalary

2% per month

Starting from ₹399 + Rs.100 stamp duty

Yes Bank

Starting from 10.70%

Starting from flat ₹1499/- to 2.50% of loan amount

KreditBee

14% onwards

N/A

InCred

18% onwards

Processing fee: 2%-4% of the withdrawal amount

mPokket

24% onwards

Processing fee: Rs. 50 to Rs. 200 + 18% GST depending on the loan amount with maximum APR of 48%

Disclaimer: Some of the lending companies mentioned above are not partners of Bajaj MARKETS. Additionally, interest rates are subject to change.Please check with the lender before applying.

Features and Benefits of Personal Loan in Baroda

Some of the features and benefits of a personal loan in Baroda that you must know about are:

 

  • Quick Application Process and Approval: Given that the application process for personal loans in Baroda is completely online, you will spend little to no time applying for one. What’s more, since you need to submit very few documents to provide proof of your eligibility, you will get the personal loan money within a few days if your documents are successfully verified.

  • No Restrictions on Use: You can use the money acquired through a personal loan however you like. You can either buy your special one an expensive gift with it, pay those unforeseen medical bills you never saw coming or buy that gadget you have had your eyes on for the longest time. The list is practically endless.

  • High Amount of Funding: You can get up to ₹50 Lakhs as a personal loan in Baroda. But, note that the maximum amount you can avail will depend on your eligibility.

  • Flexible Repayment Options: You can repay your personal loan money over 60 months so that you can prevent your EMI outflows from disturbing your monthly budget. You must, however, remember that the maximum loan repayment tenure available to you will depend on your credit profile.

  • Competitive Interest Rates: You can avail a personal loan through a lending partner of Bajaj MARKETS at interest rates starting at just 10.49% per annum. But, you must remember that the interest rate applicable to you will depend on things like your monthly income, CIBIL score, age and nature of employment.

  • Collateral-Free: There is no need for you to submit any kind of security to get a personal loan in Baroda. All you will need to do is meet the basic laid-out eligibility criteria. If you want to secure a larger sum of money in the form of a personal loan, you can always go for a Loan Against Property (LAP).

Eligibility Criteria for Personal Loans in Baroda

You must meet the following eligibility criteria to get a personal loan in Baroda:

 

  • Age: You must be at least 21 years old

  • Nationality: You must be an Indian resident

  • CIBIL Score: Your CIBIL score must be 750 or more

  • Employment: You must be employed with a private, public, MNC, or a government organisation of repute. You can also be a self-employed professional/non-professional with three years of business experience

Documents Required for Personal Loans in Baroda

These are the documents you will have to submit to get a personal loan in Baroda:

 

  • A copy of the duly-filled application form

  • ID Proof: Aadhaar card/PAN card/passport/Voter’s ID/driving licence

  • Address Proof: Aadhaar card/Voter’s ID/driving licence/passport/copy of your Ration card/gas bill or other types of utility bills

  • Age Proof: PAN card/birth certificate/Voter’s ID/Aadhaar card

  • Income proof: You will need to provide Income Tax Returns of the past 3 years If you are a self-employed person. If you are a salaried person, you will have to furnish your salary slips of the past 3 months with your Form 16

  • Bank account statements of the past 6 months

How to Apply for a Personal Loan in Baroda Through Bajaj MARKETS

To apply for a personal loan in Baroda, follow the steps mentioned below:

 

  • Step 1: Enter your personal, financial and employment details in the online application form.

  • Step 2: Select the amount of loan and the tenure.

  • Step 3: Upload the documents.

  • Step 4: After your documents are verified, you will receive the amount in your bank account within 24 hours.