Bank of Baroda Personal Loan

The Zero Fee Full Online Loan

Bank of Baroda Personal Loan

Eligibility Requirements:

  • A credit score of at least 650.
  • Debt-to-income ratio below 40%.
  • Stable, verifiable income.
  • Necessary documentation for proof of address and identity.

Application Steps:

  • Prequal Over the Website
  • Full Online Application
  • Sign and Receive Funds – A few days!

Frequently Asked Questions

What’s the minimum income requirement?

Income requirements vary, but your income should comfortably cover your debts, including the new loan.

What’s the maximum loan amount available?

Loans range from ₹50,000 to ₹20,00,000, based on your financial health and credit score.

How long does it take to get approved for a Bank of Baroda Personal Loan?

Bank of Baroda doesn’t specify the timeframe for when the loan will be deposited into your account. However, it’s certainly a quick solution for those in need of emergency funds.

Is it required to explain why credit is being used?

No. Take advantage of the flexible use of funds with the Baroda Personal Loan and use your money however you see fit.

Do I need to have a good credit score to be approved for a Bank of Baroda loan?

No. However, to apply for this loan, you’ll need to be approved through a personalized credit analysis.