Avail Instant Personal Loans ✓ Loan up to 50 Lakhs ✓ Quick Disbursal ✓ Minimum Documentation!

**Disclaimer: BOB is not a Finserv MARKETS partner. Offers would be from partner Banks/NBFCs only.


When a personal financial emergency occurs, you will borrow the money you need from a friend or try to avail a personal loan. A personal loan is always a better choice since it won’t jeopardize your friendship later in the future. Many financial institutions including NBFCs and banks are offering personal loans at attractive interest rates. One of the most trustworthy lenders in the country - the Bank of Baroda, offers personal loans as well. BOB Personal Loans are quick and easy to avail. Both salaried and self-employed individuals can apply for a BOB Personal Loan. Minimal documentation and quick processing are the key highlights of Bank of Baroda Personal Loans.

Bank of Baroda Personal Loan Features & Benefits

Take a look at the attractive features and benefits of the BOB Personal Loans here.

Interest Rate

  • 10.00% onwards for personal loans

  • 9.35% onwards for pension loans

Loan Amount

  • Minimum - Rs. 10000 (For Bank of Baroda Pre Approved Personal Loan)

  • Maximum - Rs. 15 Lakhs

Loan Tenure

  • For government employees - 5 years

  • For others - 4 years

Processing Fees

2% (Rs. 1,000 - Rs. 10,000)+GST

Prepayment Charges

Zero prepayment charges

Foreclosure Charges

Zero foreclosure charges

Special Schemes

  • Personal loans to pensioners and ex-defense personnel.

  • Personal loan offerings for Earnest Money Deposits.

Premium Personal Loan

A customer having good bank account records without any discrepancies for at least 6 months can avail premium loans.

*Interest rates and charges are subject to changes.

Bank of Baroda Personal Loan Eligibility

To avail a Bank of Baroda Personal Loan, one has to fulfill certain criteria put forth by the bank. Check out the Bank of Baroda Personal Loan eligibility criteria mentioned below.


  • Minimum: 21 years

  • Maximum: 60 years

Employment Type

  • Government employees

  • Salaried employees of MNCs, Public Limited Company or Large Private Limited Company

  • Salaried employees of Public Sector and Joint Sector Undertakings

  • Partnership or proprietorship firm employees

  • Self-employed professionals

  • Insurance agents

Years of Experience

  • Salaried employees - Should have worked with the current employer for at least 1 year.

  • Self-employed persons - Must have had a stable business for a minimum of 1 year.

  • Insurance agents - Must have been in business for at least 2 years.

Loan Amount


  • Metro and urban areas: Rs. 1 Lakh

  • Semi-urban and rural areas: Rs. 50,000


  • Metro and urban areas: Rs. 10 Lakhs

  • Semi-urban and rural areas: Rs. 5 Lakhs

Documents Required for Bank of Baroda Bank Personal Loan

Here is the complete list of required documents for availing a BOB Personal Loan.

  • Completely filled loan application form

  • 3 passport size photographs

  • Form 135 giving details of Assets and Liabilities of the applicant

  • Bank statement for the last six months and updated passbook

  • Proof of residence - Passport/Voter ID card/Driving license/Postpaid utility bill like gas bill, electricity bill, etc

  • Proof of identity -Aadhaar Card/PAN card/Passport/Voters ID card/Driving license/Employee ID card issued by relevant authorities

  • For salaried individuals,

  • Last 3 months' salary slips

  • Statement of account for last 6 months

  • For self-employed individuals,

  • Balance sheet

  • Profit and loss account, computation of income for last 1-year

  • Income Tax Returns of last 1-year

  • Business proof: Registration Certificate/Service Tax Registration

  • IT Assessment/Clearance Certificate

  • Income Tax Challans/TDS Certificate (Form 16A)/Form 26

Bank of Baroda Personal Loan EMI Calculator

Calculating your EMI and comparing it with different personal loan schemes offered by various financial institutions before choosing one will help you manage your finances better. You can use the personal loan EMI calculator available on Finserv MARKETS, which is very easy to use. Enter your principal amount, rate of interest, and the tenure of your loan in the online calculator and click on ‘Calculate’. It will display your monthly EMI along with the total interest you have to pay for your personal loan and the total amount, including principal amount and interest. Thus you can easily choose a personal loan that does not disrupt your monthly budget.

Calculate Personal Loan EMI

Loan Amount
  • Months
  • Years
Rate of Interest

Your monthly EMI is

at % interest rate for months

Total Amount Payable
Principal Amount
Total Interest
Year Principal Interest Balance

How is BOB Personal Loan EMI Calculated?

You can calculate the Equated Monthly Instalments (EMIs) of a BOB personal loan with the help of the following formula:

BOB Personal Loan EMI = [P x R x (1+R)^N]/[(1+R)^N-1]


EMI is Equated Monthly Instalment,

P is the principal amount,

R is the monthly rate of interest, and

N will be the BOB Personal Loan repayment tenure (in months).

The above Personal Loan EMI formula should help you arrive at a near-to-accurate estimate of your Bank of Baroda Personal Loan EMI amount.

Bank of Baroda Personal Loan Interest Rate

Bank of Baroda offers very competitive interest rates for personal loans. The personal loan interest rate in Bank Of Baroda varies from person to person and depends on several factors. The most important factors that influence the BOB Bank Personal Loan interest rate are loan amount, employment type, relation with the bank, annual income, credit score, etc. Here is a list of the different Bank of Baroda Personal Loan interest rates.


Interest Rate

For salaried employees

10.00% - 13.60%

For self-employed individuals

10.00% - 13.60%

Applicants who hold an account for at least 6 months in other banks

12.00% - 15.60%

Applicants who hold an account for at least 6 months in Bank of Baroda

10.00% - 13.60%

Baroda Loan for Pensioners


Covid-19 Personal Loan


Pre-approved Personal Loan


*Interest rates are subject to change.

How to Apply for Bank of Baroda Personal Loan

It is very easy to apply for a BOB Personal Loan online. Follow the below-mentioned steps for the Bank Of Baroda Personal Loan online application.

  1. Visit the official website of the Bank of Baroda.

  2. Go to the ‘Personal Loan’ section on the right side of the top menu bar.

  3. Click on the ‘Apply Now’ tab.

  4. Another page opens, showing the required documents to apply for a BOB Personal Loan depending on your employment type.

  5. Choose your employment type and click on ‘Proceed’.

  6. Enter your mobile number, and you will receive an OTP.

  7. Fill in the OTP sent to your number in the required field and click on ‘Submit’.

  8. Enter the personal, professional, and financial details asked for.

  9. Submit the fully filled form.

  10. Once the form is submitted, the bank will check your eligibility and let you know the details.

  11. If you agree to the terms and conditions of the loan offered, you can submit the essential documents.

  12. Your documents will be verified and on successful verification, the loan amount will be disbursed immediately.

FAQs on Bank of Baroda Personal Loan

  • ✔️What is the maximum personal loan amount that can be sanctioned by Bank of Baroda?

    The maximum personal loan amount that can be sanctioned by Bank of Baroda is Rs. 15 Lakhs.

  • ✔️Is there an age limit to apply for Bank of Baroda Personal Loan?

    Yes, there is. The applicant should be between 21 and 60 years to apply for a BOB Personal Loan.

  • ✔️How much time is taken for the Bank of Baroda Personal Loan to be approved?

    You can receive In-principle sanction in 30 minutes, through the digital platform of Bank of Baroda.

  • ✔️How can I calculate Bank of Baroda Personal Loan EMI?

    You can calculate Bank of Baroda Personal Loan EMI using any Bank of Baroda Personal Loan EMI Calculators available online.

  • ✔️How can I get in touch with Bank of Baroda customer care?

    You can contact Bank of Baroda Personal Loan customer care executives at the following toll-free numbers – 1800 258 44 55/1800 102 44 55.

    NRIs can call on 079 – 49044100/7923604000.