Bank of Baroda Personal Loan in Purnea, Bihar

Avyud Finance offers Personal Loans from Bank of Baroda, a quick and easy solution to all your urgent financial needs. Whether you need funds for a medical emergency in your family, your sibling’s wedding, or to renovate your home, a personal loan can finance all your requirements. Most salaried persons, self-employed, and professionals can apply for personal loans.

EMI Calculator

Loan Amount

₹

500000

No. of Months

months

Rate of Interest

Monthly EMI

₹

₹ 32,124.56

Total Interest

₹

10,622.78

Principal Amount

₹

500000

Payable Amount

₹

160,622.78

Pay No.	Begining Balance	EMI	Principal	Interest	Ending Balance
1	150000.00	32124.56	28637.06	3487.50	121362.94
2	121362.94	32124.56	29302.87	2821.69	92060.07
3	92060.07	32124.56	29984.16	2140.40	62075.91
4	62075.91	32124.56	30681.30	1443.26	31394.61
5	31394.61	32124.56	31394.64	729.92	-0.03

Bank of Baroda Personal Loan Important Information

Apply 24x7 from your convenient place.

End to End paperless process.

Competitive Interest Rate ranging from 9.75% to 15.10%.

Avail up to Rs.10,00,000/- for maximum tenure of 60 months.

Pre Approved Personal Loan to Existing customers.

Offer up to Rs.5,00,000/- for maximum tenure of 36 months.

Competitive Interest Rate ranging from 8.75% to 16%.

No processing charges.

Instant disbursement of loan amount in your account.

No requirement of Income Documents (Bank Statement/ITR)

Eligibility Criteria for Bank of Baroda Personal Loan

Employees of central/state Government/autonomous bodies/public/joint sector undertakings, public limited companies/MNCs & educational institutions with minimum continuous service for 1 year.

Employees of proprietorship, partnership firms, private limited companies, trust - with minimum continuous service for 1 year.

Insurance agents doing business for minimum of last 2 years.

Self-employed professionals (doctors, engineers, architects, interior designers, tech. and management consultants, practicing company secretaries, etc.) with minimum 1 year stable business.

Self-employed business persons with minimum 1 year stable business.

Staff members and NRI/PIO are not eligible

Documents Required for Bank of Baroda Personal Loan

Valid Mobile Number.

Aadhar number connected with mobile number.

Valid PAN number.

Net Banking Credentials or Digital bank statement for last 12 months.

Web - Camera for clicking picture and performing Video KYC

ITR e-filing credentials or Digital ITR returns for last 2 years (for self - employed)

GST portal credentials or Digital GST returns for last 1 year (for Self - employed)

Fees & Charges for Bank of Baroda Personal Loan

Most salaried persons, self-employed and professionals can apply for personal loans. With attractive interest rates, minimal documentation and speedy processing, Bank of Baroda offers among the best personal loans today.

Unified Processing Charges

2% of Loan amount + GST

Minimum: Rs.1000 + GST

Maximum: Rs.10,000 + GST

FAQ for Bank of Baroda Personal Loan

Eligibility for a Bank of Baroda personal loan?

Since these loans are unsecured- at what rate of interest you will get the loan and how much, whether or not you will get the loan-depend on the credit quality of the borrower. If you have good creditworthiness, you are likely to get the loan at an attractive rate of interest. If you have been a long-time customer with the bank, with a soundtrack record of financial discipline, you may also get a pre-approved personal loan sanction.

When should I start repaying my personal loan?

You have to start the loan repayment from the month following the month of loan payment to Bank of Baroda.

What is the repayment schedule like?

The minimum amount that you are expected to pay every month is the EMI. You are allowed to pay more than the EMI if you wish to, and we do not charge any prepayment penalty.

Are there any special schemes on BOB personal loans?

The people who are a part of ex-defence or living on their pension are also allowed to apply for the loan. The bank also offers personal loans as Earnest Money Deposits which enable people to buy a flat, home or a plot.

What are my loan limits?

Your personal loan limit would be determined by your income and repayment capacity.

Note: This content is taken from Bank of Baroda website

Purpose for Personal Loan

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