Bank of Baroda Personal Loan 2025: In today’s digital era, many private and government banks allow you to apply for a personal loan from the comfort of your home. Among these, Bank of Baroda (BOB) offers personal loans with attractive features through its BOB World app. This article will guide you through the process of applying for a personal loan with Bank of Baroda, covering the features, eligibility, loan types, and benefits of choosing BOB for your financial needs.
Bank of Baroda Personal Loan 2025 Highlights
| Loan Types Available | Pre-Approved Personal Loan, Digital Loan |
| Minimum Loan Amount | ₹50,000 |
| Maximum Loan Amount | ₹10 lakhs |
| Interest Rate Range | 12.90% to 18.25% |
| Loan Tenure | 12 months to 60 months |
| Required Documents | Aadhaar-linked Mobile, PAN Card, BOB Account |
| Loan Processing Time | 2 to 3 hours after approval |
| Eligibility Criteria | Age 21 to 57 years |
बैंक ऑफ बड़ौदा पर्सनल लोन के प्रकार (Types of Bank of Baroda Personal Loan)
Bank of Baroda offers two types of personal loans:
- Pre-approved Personal Loan: This loan is available to existing BOB account holders. The primary advantage is that it doesn’t require any income proof or video KYC. Based on your transaction history, you can receive a pre-approved loan without much hassle.
- Digital Personal Loan: For those who do not have an account with Bank of Baroda, you can still apply for a digital personal loan. The loan amount depends on your credit score, and you can apply for up to ₹10 lakhs.
बैंक ऑफ बड़ौदा प्री-अप्रूव्ड पर्सनल लोन की विशेषताएं (Features of Pre-Approved Personal Loan)
- Loan Amount: You can apply for a minimum loan of ₹50,000 and a maximum of ₹5 lakhs.
- Interest Rate: The interest rate ranges from 12.90% to 16.40%, depending on your credit profile.
- Loan Tenure: The loan tenure is between 18 months to 36 months.
- APR: The Annual Percentage Rate (APR) ranges from 15.30% to 19.95%. The APR includes interest rates and hidden charges, providing a more realistic idea of the overall cost of the loan.
Comparison with Private Loan Apps:
Many private loan apps offer loans with an APR starting from 30%, which makes BOB’s loan rates more attractive and reliable. For instance, apps like Navi charge a minimum of 30% APR, while BOB starts at a much lower rate.
डिजिटल पर्सनल लोन की विशेषताएं (Features of Digital Personal Loan)
- Loan Amount: The digital personal loan starts from ₹50,000 and can go up to ₹10 lakhs.
- Interest Rate: The interest rate ranges from 12.90% to 18.25%.
- Loan Tenure: The loan tenure for this loan can range from 12 months to 60 months.
- APR: The APR for the digital loan ranges from 14.3% to 23.40%.
- Eligibility Criteria: Your age should be between 21 and 57 years.
बैंक ऑफ बड़ौदा पर्सनल लोन के लिए आवश्यक दस्तावेज़ (Required Documents for Bank of Baroda Personal Loan)
To apply for a personal loan from Bank of Baroda, you will need the following documents:
- Mobile number linked with Aadhaar card
- PAN card
- A valid ID proof such as Aadhaar, Passport, etc.
- Your BOB account details (if applicable)
महत्वपूर्ण विवरण तालिका (Important Details Table)
| Loan Type | Minimum Loan Amount | Maximum Loan Amount | Interest Rate | Tenure | APR |
| Pre-Approved Personal Loan | ₹50,000 | ₹5 lakhs | 12.90% to 16.40% | 18 to 36 months | 15.30% to 19.95% |
| Digital Personal Loan | ₹50,000 | ₹10 lakhs | 12.90% to 18.25% | 12 to 60 months | 14.3% to 23.40% |
लोन आवेदन प्रक्रिया (Loan Application Process)
Applying for a Bank of Baroda personal loan is simple and can be completed through the BOB World app. Follow these steps:
- Visit the Official BOB World App: Go to the app or BOB’s official website.
- Select Loan Option: Choose between Pre-Approved or Digital Loan, depending on your account status with BOB.
- Enter Mobile Number: You need to provide your mobile number linked to your Aadhaar card.
- OTP Verification: Enter the OTP sent to your registered mobile number.
- Account Verification: If you are an existing BOB customer, log in with your account number, Aadhaar, PAN card, or customer ID. If you don’t have an account, proceed with Aadhaar verification.
- Loan Amount Selection: Choose the loan amount you wish to apply for and set the loan tenure.
- Final Approval: After verifying all details, submit your loan application and wait for the approval.
फायदे और हाइलाइट्स (Benefits and Highlights)
- No Income Proof Required: Pre-approved loans do not need income proof or video KYC, saving time and hassle.
- Quick Processing: Loans are disbursed within 2 to 3 hours of approval.
- Lower Interest Rates: Bank of Baroda offers competitive interest rates compared to private loan applications.
- Transparency: All charges and fees are transparent, ensuring no hidden costs.
महत्वपूर्ण तिथियों और जानकारी की तालिका (Important Dates and Information Table)
| Criteria | Details |
| Minimum Age | 21 years |
| Maximum Age | 57 years |
| Minimum Loan Amount | ₹50,000 |
| Maximum Loan Amount | ₹10 lakhs |
| Loan Tenure | 12 to 60 months |
| Processing Fees | Applicable as per loan |
पर्सनल लोन के लिए टिप्स (Tips for Personal Loan Application)
- Always ensure that your credit score is in good standing before applying for a loan.
- Select a loan amount that is necessary and avoid borrowing more than you need.
- If applying for a pre-approved loan, verify your account status with BOB beforehand to avoid rejection.
निष्कर्ष (Conclusion)
In conclusion, Bank of Baroda provides an excellent opportunity for those looking for a personal loan with quick processing and minimal documentation. Whether you are an existing BOB customer or a new applicant, their loan schemes offer competitive interest rates, making it a better choice than private loan applications. Always ensure that you borrow wisely and are prepared for the repayment to avoid financial strain.
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FAQs Related To Bank of Baroda Personal Loan 2025
The minimum loan amount you can apply for is ₹50,000.
You need a mobile number linked with Aadhaar, PAN card, and other personal identification documents.
After approval, the loan amount is usually disbursed within 2 to 3 hours.
