One of the top public sector banks in India, Bank of Baroda (BoB), provides personal loans designed to cover a range of expenses. To guarantee a smooth borrowing experience, BOB offers attractive interest rates starting at just 11.5% per annum along with flexible repayment plans. Keep reading to learn more about the intricacies of Bank of Baroda personal loan interest rates for 2025.

Bank of Baroda Bank Personal Loan Interest Rate Highlights

Here’s a quick overview of key details about Bank of Baroda personal loans to help you make informed financial decisions:

Types of Bank of Baroda Bank Personal Loan

Following are the types of personal loans provided by Bank of Baroda: 

• Bank of Baroda Personal Loan: BOB provides personal loans ranging from Rs. 50,000 to Rs. 20 lakhs for up to a tenure of 7 years.
• Baroda Digital Personal Loan: BOB provides digital loans to its candidates that range from Rs. 50,000 to Rs. 10 lakhs, for a tenure of one to five years.
• Baroda Digital Pre-approved Personal Loan:  Bank of Baroda makes a list of eligible candidates who are later offered loans from Rs.50,000 to Rs. 5 lakhs, for up to three years.
• Baroda Loan to Pensioners: Regular pensioners up to the age of 70 can get a loan from BOB amounting to Rs. 8 lakhs for a period of 5 years. Pensioners above the age of 70 can get up to RS. 5 lakhs for up to 3 years. 

Features of Bank of Baroda Personal Loan

Here is a list of some crucial elements of Bank of Baroda personal loan schemes:

• Zero Prepayment Charges: No charges apply if the borrower wishes to repay the loan before the tenure ends.
• Special Schemes: Personal loans are available for pensioners, ex-defence personnel, and Earnest Money Deposits (home/plot/flat buyers).
• Premium Personal Loan for Existing Customers: This loan is available to customers with an active Bank of Baroda account for at least 6 months who have been approved for good conduct by the branch head.

Bank of Baroda Bank Personal Loan Interest Rate 2025

The interest rates for Bank of Baroda personal loans range between starts 11.15% and 18.50%. Government employees and defence personnel whon faoll under scheme codes SB 182 and 186 get loans for minimum interest rates. 

However, self-employed professionals, business persons or private sector employees are required to pay maximum interest rates. Moreover, the Bank of Baroda also includes some concessions in interest rates for people who opt for group credit life insurance.

Bank of Baroda Personal Loan Schemes Interest Rate

Here is a detailed overview of interest rates for Bank of Baroda personal loan schemes.

• SB 182 and 186 schemes: Permanent military personnel and government employees who have salary accounts in BOB coming under SB 182 and 186 schemes get a floating rate ranging from 11.15% to 11.65%.
• Gold: The people who fall under the gold category as well as those who fall under the silver category with salary accounts in BOB get a rate ranging from 11.65% to 16.50%.
• Category C: Employees of local government, federal state agencies with an external rating of ‘A,’ joint sector undertakings, and nationally recognized educational institutions are eligible for interest rates ranging from 12.15% to 16.50%.
• Category B: People working in public sector or private sector companies with a good transactional relationship with BOB get interest rates ranging from 12.90% to 16.50%
• Category A: Employees in private sector or public sector companies who do not have a good transactional relationship with BOB get interest rates ranging from 14.90% to 18.50%.

Factors Affecting Bank Of Baroda Personal Loan Interest Rate

There are several factors that lead to a change in the Bank of Baroda personal loan interest rate.

• Age of the Applicant: Interest rates tend to be higher for applicants nearing retirement due to increased risk for the bank.
• Loan Tenure: A longer loan tenure results in a higher interest rate, and vice versa.
• Residential Locality: Bank of Baroda's's personal loan interest rates differ based on whether the applicant resides in an urban or semi-urban area.
• CIBIL Score: Chances of receiving a personal loan increases if the applicant possesses a CIBIL score of 750 or higher.
• Interpersonal Bond with BOB: An applicant with a good transactional bond with Bank Of Baroda in the past will be able to get reduced interest rates.

Eligibility Criteria for Bank Of  Baroda Personal Loan Scheme

Bank of Baroda has a set of eligibility criteria for candidates who want to take advantage of personal loans.

• The candidate must have a stable source of income for atleast a year.
• Applicants working as insurance agents should be employed for a minimum of two years.
• Self-employed professionals or businesspersons should have stable running profits for at least one year.
• Applicant should be a minimum of 21 years of age. On the other hand, the maximum age before maturity is 60 years for salaried and 65 for non-salaried individuals.
• Candidates can only apply individually; no co-applicants are allowed.
• NRI/PIO and staff members are not eligible for BOB personal loans. 

Documents Required To Apply For Bank of Baroda Personal Loan

Following is a list of documents required to get a personal loan from Bank Of Baroda:

• Duly filled loan application with three passport-size photographs.
• Duly filled form 135 with correct details of the candidate’s assets and liabilities.
• Updated passbook and bank statement for the past six months 
• Identity Proof: Aadhar Card, PAN card, Voter ID card or passport
• Address Proof: Rent agreement, utility bills or driving license 
• Prood of Salary: Past 3 months' pay slip with the past 6 months' bank statement.
• The previous year's Profit and Loss account, balance sheet, and Income Tax Returns filed for businesspersons, including their business proof such as tax registration.
• Businesspersons also have to provide an income tax assessment certificate and TDS challan (Form 16A) to verify income declared in ITR if required.

Fees and Charge Of Bank of Baroda Personal Loan Scheme

Besides interest rates, the following are the additional expenses associated with the BOB personal loan: 

• Processing Fees: Processing fees range from 1% to 2%, with a maximum amount of RS 10,000 + GST and a minimum of Rs 1,000 + GST.
• Loan Overdue Charges: 2% on overdue amount.
• Pre-closure Charges: The foreclosure charge depends on the terms and conditions of the loan.
• Penal Charges: A penal interest of 2% shall be levied on the loan outstanding amount.

Bank of Baroda Bank Personal Loan EMI Calculator

With the help of the Bank of Baroda personal loan EMI calculator, you can calculate the monthly EMI (Equated Monthly Installment) that you will be required to pay on the personal loan of your choice. The calculator shows you the total interest payable at the end of loan tenure, along with your principal amount.

Bank of Baroda Bank Personal Loan Customer Care

If you require any help regarding the BOB personal loan interest rate, you can contact the service staff at any BOB branch or locate a BC Agent on the BOB website. You can also contact these toll-free numbers:

• Domestic call: 1800 5700 / 1800 5000
• Domestic customers calling from abroad (24/7): +91 79-66296009.

Bank of Baroda offers flexible personal loans with easy eligibility, low interest rates, and quick disbursal. Knowledge of interest rates, EMI, and documentation aids borrowers in making informed choices. Having a good credit score and opting for the correct loan term ensures improved rates and money management.

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