Hello friends, do you want to take a personal loan from Bank of Baroda? If yes, then this article is only for you because in today’s article we will talk about How to get personal loan from bank of Baroda and if you have opened your account in Bank of Baroda. Even if it has not been opened, you can still apply for the loan. I will tell you about it step by step below.
How to get personal loan from bank of Baroda?
Friends, Bank of Baroda gives personal loan ranging from Rs, 50000 to Rs 10 lakh which any person can apply for.
Friends, there must be many people among you who want to take an online loan and may have applied for the loan many times or may have tried many applications for the loan but still have not got the loan. Then you should once contact Bank of Baroda. You should try to take a personal loan from.
This bank has given loans to many people and has been giving loans for a long time. Friends, you can take many types of loans from Bank of Baroda like education loan, property loan, home loan, personal loan etc. Now, this question must have arisen in your mind. That if we do not have an account open in this bank, then how will we take a loan. But you can still take a loan from this bank and if your account is open in it then it is even better.
Now this question must have arisen in your mind that which documents will be required in this, will I have to pledge anything, or will I have to pledge any document? So friends, let me clear your confusion that you will not have to pledge any type of document. You will not have to keep it, just your own Aadhaar card, mobile number and PAN card. You must have this document. If you do not have it, then firstly you should get this document made.
How much loan can one get from Bank of Baroda?
Friends, I have already given you the answer to this in the beginning but still I am telling you that you can get a personal loan ranging from Rs, 50000 to Rs 10 lakh from Bank of Baroda.
How to apply online for personal loan from Bank of Baroda?
Friends, if you want to take an online loan at this time, then Bank of Baroda has given the option to give personal loan on its official website. If you want to take an online personal loan from Bank of Baroda, then you will have to go to its official website.
As soon as you go to its official website, you will see a personal loan option, on which you have to click. After clicking, you have to register your mobile number and then upload your PAN card and Aadhaar card. After that, you have to click on the submit option. After doing this, your loan will be approved within about 5 minutes and your loan amount will be transferred to your account.
For how long can you get or will you get a loan from Bank of Baroda?
Friends, it is very important for you to know for how long you will get the loan from Bank of Baroda. Friends, the loan time completely depends on you, for how long you want to take the loan, if you want to take the loan for a short period. If you want, then you will be given less time and if you want to give more time, then you will be given more time for the loan. For more time you will be given time ranging from one and a half years to 3 years, even for 7 years. You can take loan i.e., you can take loan for 84 months, it depends on you.
How much interest is charged on taking loan from Bank of Baroda?
Friends, you can see the interest rate of Bank of Baroda on its official website, there they have told how much interest rate is charged, although their interest rate starts from 10.10% per annum and maximum is 18%.
What is the processing fee to be paid for taking a loan from Bank of Baroda?
Friends, for taking a personal loan from Bank of Baroda, you have to pay a processing fee of 2% and along with it, you also have to pay GST separately.
Bank of Baroda Personal Loan Interest Rate.
So friends, let us understand the interest rate with an example. Let us assume that Sonu has to take a personal loan, and he applies for a personal loan of 2 lakh. After that he gets the loan whose time limit is 2 years and Let us assume that the interest rate is 2 lakh. 12.20%. After that processing fee of 2% and GST has to be paid separately, then let us assume that Sonu has to pay the total amount of 2 lakh. ₹ 226401.
- Loan amount: ₹2,00,000
- Time limit: 2 years
- Interest rate: 12.20%
- Processing Fee + GST : 2.00%
- Total interest: ₹26401
- Total to pay: ₹2,00,000+ ₹26,401= ₹2,26,401
- EMI installment per month: ₹9434
What documents will be required to take a personal loan from Bank of Baroda?
Friends, to take a personal loan from Bank of Baroda, you will need the following documents.
- Aadhaar card
- PAN card
- bank account
- mobile number
- payment slip
Friends, you will get the loan even if you do not have the payment slip. You can apply for the loan because there are many people who will not have the payment slip. So there is no need to worry.
Who can get loan from Bank of Baroda?
Friends, if you want to take a loan from any bank, then its requirements have to be fulfilled and the bank gives a loan to the person who fulfills the requirements of the bank. To fulfill the requirement, you must have PAN card, Aadhaar card and bank passbook, along with this you must also be an Indian citizen. Friends, even if you do not have a bank passbook, you can still take a loan.
How to get personal loan from bank of Baroda.
So friends, now we will talk about how to take personal loan online from Bank of Baroda. If you also want to apply for personal loan sitting at home, then first you will have to go to the official website of Bank of Baroda, otherwise you can find its link given below. By clicking on it, you can go to its official website. What to do after reaching the official website is explained step by step below, you just have to follow it.
Step -1 Open the website
First you have to open the BOB Loan website and then click on the Proceed button.
Step -2 Enter OTP
Now you have to enter your mobile number, after that an OTP will come on your mobile number which you have to fill and click on the submit OTP button.
Step -3 Select
If you have opened an account in Bank of Baroda then you have to select Yes option, otherwise you select No option. After selecting Yes, you will have to enter your Bank of Baroda account number and then enter your Aadhaar number. I do not have a Bank of Baroda account, so I have selected No. After doing this, you have to fill the OTP and click on the Submit OTP option.
Step -4 Loan Schedule
After doing this, you will see the loan schedule. In this loan schedule, you can see your amount, increase or decrease it, along with this, you can also increase or decrease your installment as per your convenience.
Step -5 Interest Rate, Loan Fee, EMI
Friends, now you will see below the interest rate, loan fee and how much EMI you will have to deposit every month. If you want to take a loan, then select the term and condition option below and click on the proceed option.
Friends, if you have opened an account in Bank of Baroda, then you will only have to make the agreement which you will see the option on the next page. In this you have to make E-agreement and if you have not opened your account in Bank of Baroda then you will have to upload your Aadhaar card and PAN card.
After doing this, now you have to fill your personal information. After this, now you have to fill the details with the account in which you want to take loan and then click on the Proceed button.
Now you do not have to do anything because after doing this, your loan will be credited to your account within some time. If you have opened an account in Bank of Baroda, then your loan amount will be credited to your account within a maximum of 5 minutes. If you have not opened an account in your Bank of Baroda, then it may take you a few hours.
Friends, I hope that the information given about Who can take loan from Bank of Baroda would have been helpful for you and if you liked this article, then share it and comment.
Why take an online loan from Bank of Baroda?
Friends, there are some benefits of taking an online loan like you will not have to visit the bank branch which will save your precious time. The second advantage is that you can apply for the loan sitting at your home and get the loan Can.
How to get a loan of Rs 50,000 from Bank of Baroda?
There are two ways to take a loan from Bank of Baroda, first online and second offline. To take an online loan, you have to go to the official website of Bank of Baroda and enter or upload your Aadhaar Card, PAN Card, Mobile Number. After uploading, you have to select your loan amount of Rs, 50000 and apply to get approved. After this, your loan amount will be transferred to your account. For offline, you will have to go to the bank branch and talk to the bank branch officer there, give them the documents and fulfill their requirements, after that your loan will be approved.
Bank of Baroda personal loan customer care number?
Friends, if you ever need any information related to personal loan, then you can know by contacting the personal loan customer care number. Personal loan customer care number is 1800 5700. By calling this number, you can get information related to the loan. You can get all the information.
Minimum Salary for Bank of Baroda Personal Loan?
Friends, Bank of Baroda has not mentioned anything on its official website for giving personal loan as to what should be your salary to take the loan, that is, the bank does not care about this. It does not matter whether you are a salaried person or not. Whoever you are, you can apply for a loan online.