Having great plans, but can’t fulfill them because of a shortage of money? Don’t worry, the Bank of Baroda personal loan facility is here to fulfill the various needs of the people. Now insufficient budget will no longer be a barrier in achieving your dreams. You can spend open-heartedly in your daughter’s marriage or book a holiday trip for your family by availing of a personal loan from this bank. Bank of Baroda provides personal loans ranging from Rs. 1,00,000- Rs. 20,00,000. The loan amount is to be repaid within 36 months.

Bank of Baroda Personal Loan Interest Rates 2025

The latest Bank of Baroda Personal Loan Interest Rates of 2025 are here, make sure to check and then apply - 

Particulars	Details
Interest Rates	11.15% p.a. - 18.50% p.a.
Loan Amount	Maximum: Up to Rs.20 lakh (based on the borrower's occupation and banking relationship). Minimum: Rs.1 lakh for Metro & Urban branches Rs.50,000 for Rural & Semi-Urban branches
Age	Minimum- 21 years  Maximum -  For Salaried - retirement age or 60 years, whichever is lower For Self - Salaried - not more than 65 years
Repayment	Up to 84 months

Types of Bank of Baroda Personal Loans

Here are the top Bank of Baroda Personal Loan types-

1. Baroda Loan to Pensioners
2. Baroda Digital Personal Loan
3. Baroda Digital Pre-Approved Personal Loan

Baroda Loan to Pensioners

Bank of Baroda’s Pension Loan provides retired individuals with financial support for emergencies and personal needs. Apply online for a hassle-free loan and enjoy a stress-free retirement.

Eligibility Criteria for Pension Loan -

• Pensioners/family pensioners receive pensions through Bank of Baroda branches.
• Pensioners with pensions disbursed via Treasury/DPDO directly to their BoB savings account.
• Retired Bank of Baroda employees (pensioners/family pensioners).
• Family pensioner: Spouse authorized to receive a pension after the pensioner’s demise.
• Pension must be credited to the branch for at least 3 months with a satisfactory account history (no bounced cheques due to insufficient funds).

Age -

• Minimum: 21 years
• Maximum:75 years

Loan Amount Eligibility -

Years	Regular Pensioners	Family Pensioners
Up to 70 years	Rs.8.00 lakh	Rs.3.00 lakh
Above 70 years	Rs.5.00 lakh	Rs.1.50 lakh

Repayment Period For Regular Pensioners/Family Pensioners -

Repayment Period

For age up to 70 years: 60 months For age above 70 years: 36 months

Rate of Interest on Baroda Loan to Pensioners

Product	Conditions		Rate of Interest
Baroda Loan To Pensioners	Digital		11.90%
	Non-digital		12.40%
	For Retired Bank of Baroda/their Family pensioners		9.75%

Fee and Charges of Baroda Loan to Pensioners

	Pensioners/Family Pensioners of the Bank	Others
Unified Processing Charges	Nil	Rs.1,000 +GST
Foreclosure charges	No Foreclosure charges
Penal interest	2% shall be levied on the loan outstanding amount

Baroda Digital Personal Loan

Bank of Baroda’s Baroda Digital Personal Loan offers quick, hassle-free financing with competitive rates and flexible terms. Whether for travel, home improvement, or emergencies, get the funds you need with ease.

Eligible Applicants -

• Salaried individuals
• Self-employed individuals, including:
  • Professionals (Doctors, Engineers, Architects, Interior Designers, Tech Management Consultants, Practicing Company Secretaries, etc.)
  • Insurance agents and business owners

Not Eligible - 

• NRIs and SHGs
• Co-applicants. 

Charges of Baroda Digital Personal Loan

Particulars	Details
Loan Amount	Minimum: Rs. 50,000 Maximum:  Rs.10 lakh – Existing To Bank (ETB) customers Rs.5 lakh – New To Bank (NTB) customers Rs.5 lakh – New To Credit (NTC) customers
Repayment Period	12 months - 60 months
Age Criteria	Minimum: 21 years  Maximum :  For Salaried -  58 Years  Self-Employed - 65 Years
Fixed Rate of Interest	13.05% to 18.40%
Floating Rate of Interest	12.65% to 18.00%
Processing Charges	2% of loan amount + GST Min- Rs.1,000 + GST Max- Rs,10,000 + GST
Stamp duty	As per the State Stamp Act
Penal Charges	2% p.a. On the outstanding balance

Baroda Digital Pre-Approved Personal Loan

Bank of Baroda’s pre-approved personal loan offers instant funds with a paperless process and minimal hassle. Apply online or visit a branch for quick approval and disbursement.

Eligibility

• Salaried individuals
• Self-employed individuals

Note: NRIs and SHGs are not eligible.

To check your pre-approved loan offer- 

SMS PAPL last 4 digits of your debit card to 8422009988 from your registered mobile number.

Features & Charges of Pre-Approved Personal Loan

Loan Amount	Above Rs.50,000 to Rs.5,00,000
Repayment Period	18-36 months
Age criteria	Minimum age: 21 years Maximum age: Less than 57 years
Rate of Interest	From 13.05% p.a. to 16.55% p.a
Unified Processing Charges	2% of loan amount + GST
Stamp Duty	As per the State Stamp Act
Penal Charges	2% p.a. will be charged on the amount of default for delayed payment

Eligibility Criteria For Bank Of Baroda Personal Loan

The following candidates are eligible to apply for the loan:

Salaried Individuals:

• Employees of Central/State Government, autonomous bodies, PSUs, joint sector undertakings, public limited companies, MNCs, and educational institutions with at least 1 year of continuous service.

• Employees of Private Limited Companies, Trusts, and LLPs with at least 1 year of continuous service.

Self-Employed Individuals:

• Insurance agents with a business history of at least 2 years.

• Professionals (Doctors, Engineers, Architects, Interior Designers, Tech & Management Consultants, Practicing Company Secretaries, etc.) with at least 1 year of stable business.

• Business owners with at least 1 year of stable business.

Documents Required for Bank of Baroda Personal Loan

The list of documents that are required to avail Bank of Baroda Personal Loan -

General Requirements:

• Completed loan application with 3 passport-sized photographs
• Form 135 detailing assets and liabilities
• Bank statement (last 6 months) or updated passbook

Proof of Residence (anyone):

• Valid passport
• Voter ID card
• Driving license
• Postpaid utility bill (gas/electricity)
• Updated passbook or bank account statement
• Registered rent agreement

Proof of Identity (anyone):

• PAN card
• Aadhaar card
• Valid Indian passport
• Voter ID card
• Driving license
• Employee ID (Govt./Defence/Reputed Corporate)
• Identity documents issued by professional bodies (ICAI, ICWA, ICFAI, etc.)

For Salaried Individuals:

• Last 3 months' salary slips
• Bank statement (last 6 months) from any bank

For Self-Employed Individuals:

• Balance sheet & P&L account for the last 1 year
• Income Tax Returns (last 1 year) with Form 26AS, Traces
• Proof of business, such as a Gumasta License, Registration Certificate, or Service Tax Registration. 
• IT Assessment/Clearance Certificate, IT Challans, TDS Certificate (Form 16A), Form 26AS for declared income in ITR

Bank of Baroda Personal Loan EMI Calculator

Tensed what EMI amount(Equated Monthly Installment) do you need to pay and how do you calculate the same? It’s easy to know how much you are liable to pay per month to your lender bank. Just enter the principal amount, rate of interest, and tenure of the loan in the Wishfin Bank of Baroda Personal Loan EMI Calculator and it will tell you the EMI amount.

For example, If you want to avail of a loan of Rs. 15,00,000 from Bank Of Baroda for 4 years at the interest rate of 11.15% p.a. - 18.50% p.a., then the monthly EMIs would be -

Loan Tenure	Interest Rate  (11.15% p.a.)	Interest Rate (18.50% p.a.)
1	Rs.1,32,677.46	Rs.1,37,877.18
2	Rs.70,016.26	Rs.75,249.04
3	Rs.49,214.70	Rs.54,605.57
4	Rs.38,877.64	Rs.44,455.37

Other Charges on Bank Of Baroda Personal Loan

The table shows you the additional fee/charges added to the Bank Of Baroda Personal Loan in addition to the interest rate -

Processing Fee	Government Employees - Nil  Others - 1.00% to 2.00% + GST  Mini. Rs.1,000+GST Max. Rs.10,000+GST
Penal Charges	Up to Rs. 10,000 - NIL Above Rs. 10,000- 2% p.a. on the amount of default

Bank of Baroda Personal Loan Application Form

You need to fill in the application form to avail the loan.

The following fields are to be mandatorily filled:

• Personal details
• Profession details
• Details of assets/liabilities
• Proposed loan details
• Income details
• Outstanding loan details
• Details of guarantor

Factors Affecting Bank Of Baroda Personal Loan Eligibility

Keep an eye on the factors that affect your Personal loan eligibility. Having an understanding of the same can result in more loan eligibility and fast approval. Let’s check out such factors below.

• Debt-to-Income Ratio Requirement -Applicants must maintain a reasonable debt-to-income ratio to qualify. If the ratio is too high, the lender may reject the loan application.
• Age –The age should be between 21 to 65 years to get a loan from the Bank of Baroda.
• Credit History –The previous loan or credit card payments become a part of your credit history and act as proof of your creditworthiness. A timely payment record will ensure you have a good credit history and reward you with loan approval quickly. A CIBIL score of 750 or above makes you eligible for the loan with ease.
• Job Stability –You must be working for at least 1 year in the current organization to have the Bank of Baroda personal loan. And if you are self-employed, your business should be in the market for at least a year.
• Income Requirement - Banks typically have minimal income criteria for personal loans. However, applicants must have a steady and regular income to ensure repayment capacity. A higher income may increase loan eligibility and approval amount.
• Relationship with the Bank –Customers who have an existing relationship with the bank don’t have to go through a long procedure. As they can simply check for the pre-approved offers online.
• Category of Your Employer –If you are working in Central, State Govt., Autonomous Bodies, Public and Joint Sector Undertakings, Public Limited Companies, MNCs, or educational Institutions, the loan can be approved quickly.

Features and Benefits Bank Of Baroda Personal Loan

Here are the benefits of the Bank of Baroda Personal loan, make sure to get through to learn more about them - 

• Emergency Fund Access: Get instant funds for urgent financial needs without depending on a credit card.
• No Strict Credit Limits: Borrow as per your eligibility, unlike credit cards with predefined limits.
• Multiple Payment Options: Repay via cheque, bank transfer, or cash, offering greater flexibility.
• Extended Repayment Timelines: Enjoy longer tenures with structured EMIs, unlike credit cards that require full payment or high-interest rollovers.
• Flexible Fund Usage: Use the loan for medical expenses, travel, home renovation, or any personal need without restrictions.
• Easy Top-Up Loans: If you need more funds, top-up loans are available without reapplying from scratch.
• Higher Borrowing Amount: Get a larger loan amount compared to the limited credit available on a card.

Summary!

Bank of Baroda personal loans range from ₹50,000 to ₹20 lakh with flexible repayment tenures of up to 84 months. Interest rates start from 11.15% p.a. to 18.50% p.a., depending on borrower eligibility. Various loan options include Baroda Loan to Pensioners, Baroda Digital Personal Loan, and Pre-Approved Personal Loans. Salaried individuals, self-employed professionals, and business owners with stable incomes and a CIBIL score of 750+ are eligible. The loan can be used for multiple purposes, with benefits like no strict credit limits, extended repayment timelines, and top-up loan options.