Bank of Baroda Loan: Get a Instant loan of 50,000 Rupees

Bank of Baroda Loan: There are many banks which provide you personal loans. One such bank is Bank of Baroda in which you can get a loan of 50 thousand to 5 lakh rupees on the basis of very low interest and less documents. You can spend this money anywhere as per your need.

How to take a loan from Bank of Baroda, what is the eligibility for taking a loan and what documents are required, all this information will be told to you in detail in this article.

Bank of Baroda Loan – Overview

Bank of Baroda Loan other Information

Bank of Baroda’s pre-approved personal loan is a loan from which you can take a personal loan of 5 thousand to 50 thousand, this loan can be availed by the customer for his small or big needs, it is an unsecured loan, which is given to the customer according to a good CIBIL score, that is, no guarantee and guarantor is required for this.

To get a loan of up to 50 thousand from Bank of Baroda, you need some important documents, along with this, a certain eligibility has also been fixed for the loan on the basis of which the loan is given.

If you take a loan of up to 50 thousand from this bank, then you get the loan at an annual interest rate of only 18% and 18 months are given to return it, while to take a loan of more than 50 thousand, you get a tenure of 3 years.

Bank of Baroda Personal Loan Features

A loan of up to 50 thousand can be taken from Bank of Baroda very easily, its process is very simple and you get a high loan with low fees, apart from this it has many other features which are as follows –

• If you need money immediately, then in such a situation Bank of Baroda is useful for you.
• Credit card facility is available here.
• There is also no limit on the credit line.
• You can pay your loan by check, cash or directly from the bank account.
• The tenure here is also high, that is, there is enough time to return the money.
• You can take a loan of up to Rs 20 lakh from this bank, for which 7 years are given to repay.
• Separate pre-approved personal loan facility is available for loans up to 50 thousand.
• Rural people can get a minimum loan of 50 thousand here.
• The processing fee is also very low.
• If you delay in returning the money, then you have to pay an extra charge of 2%.
• The bank has also issued a toll free number 18005700 to support its customers.
• Under personal loan, you can get loan for marriage expenses, for paying education fees, for home repair etc.
• Loan can also be taken for business very easily.
• Facility of agricultural loan is also available.

Bank of Baroda Personal Loan Eligibility

Bank of Baroda has prepared some criteria for its customers on the basis of which loans are given to them, if you want to take a loan of up to 50 thousand from this bank, then you have to be eligible for it, the eligibility for taking a loan in Bank of Baroda is as follows –

• The age of the customer should be more than 18 years.
• The age limit for taking a personal loan is from 21 years to 65 years.
• If an employee works in a private limited company or educational institution and applies for a loan, then for this his minimum job service should be 1 year.
• The customer running his own business should have a business certificate and he should have been doing business for at least 1 year.
• NRI / PIO cannot take a loan from here.
• According to the policy of Bank of Baroda, only salaried persons up to the age of 60 years can apply for a personal loan, while for those running their own business, this limit is up to 65 years.
• If you are an insurance agent, then your job service should be of 2 years to get a loan.
• A person can apply for a loan on his own i.e. one person cannot apply for a loan on behalf of another person.
• Your mobile number should be linked to the Aadhar card.
• Your loan should not have been approved before because if this happens then the bank can refuse to give you a loan.

Bank of Baroda loan Interest Rate

If you take a loan from Bank of Baroda, then here your interest rate is decided on the basis of the loan amount, for example, if you want to take a loan of 50 thousand, then you will get a loan at an annual interest rate of 16%, let me tell you about its other plans –

Required Documents

Before applying for a loan in Bank of Baroda, I will also tell you the list of necessary documents required for it, if you apply for an online loan, then you do not need any documents here, you just have to enter some important information, but on taking an offline loan, some important documents are demanded which are as follows –

• Identification proof such as Aadhaar card, PAN card, Driving license, Voter ID, Passport etc.
• Bank statement
• Passport size photo
• Mobile number
• Email ID
• 2 years ITR return
• Salary slip
• Address proof
• Bank account
• Caste certificate

How To Apply Online

• First of all you have to go to the official website of Bank of Baroda.
• The home page of the Bank of Baroda website will open in front of you where you will get an option of Loan, as soon as you click on it, a new page will open in front of you in which you will see an option of pre-approved personal loan, you have to click on Apply Now.
• After this you will reach a new page in which you will see the documents required to take a loan and some important things related to pre-approved personal loan written, below that you have to click on the Proceed option.
• Here you have to enter your mobile number and submit it, then an OTP will come on your number, after submitting which you have to click on the check box and click on the submit option.
• Next you will be asked if you have an account in Bank of Baroda, if you have an account then you have to write Yes here and then select any one of Aadhar card, PAN number, account number etc. in the document and enter its number, then after that submit it.
• After this you have to set the loan amount and the time to repay it. Your interest rate will be calculated according to the amount of loan you take. For example, if you take a loan of up to 50 thousand, then you will get 18 months to repay it and your interest rate will be 16% per annum. After doing this, you have to proceed.
• Then you have to read the bank’s terms and conditions etc. and accept them and click on Send OTP. After this, an OTP will come on your registered mobile number. After entering it, your loan of up to 50 thousand will be approved.

How To Apply Offline

• If you are not able to take a loan online from Bank of Baroda, then you can also take a loan offline. For this, you can first download the online loan application form and then fill it and submit it to the bank along with the necessary documents, it may take more time to get the loan approved in offline mode but your loan will be approved.
• You can also go to the bank and ask for a loan application form and fill it there and submit it.

Important Links

Bank of Baroda loan Customer Care Number

You can call Bank of Baroda’s customer care number for loans at 1800 5700 or 1800 5000. You can also contact them from abroad at +91 79-66296009.

Conclusion

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