How to take loan from Bank of Baroda Bank Of Baroda:



 Sometimes there comes a time in our life when we are in dire need of money. In such a situation, we go to any of our friends, close relatives or our family members, who can help us in this hour. In such critical situations, if none of these are able to help you, then that time becomes more difficult for you. In such a situation, you can take a personal loan from the bank, which is a good option to get money in your emergency.

In this article, today we will tell you how to take a personal loan from Bank Of Baroda, what are the eligibility criteria for taking a personal loan, what documents will be required, how many types of loans are available in Bank Of Baroda, who can take a personal loan from Bank Of Baroda, how much loan will be available from Bank Of Baroda, how much interest is charged, how long the personal loan is available, etc. You will get all the important information in this article.

Along with this, we will tell you the complete step-wise process of taking a personal loan from Bank Of Baroda, so without taking much time of you people, let’s start this article without delay.

How to take loan from Bank of Baroda ?

Online Method – :

1. Friends, first of all you have to download the Bob world app.

2. After opening the app, you will be asked for username and password. You have to login by entering username and password.

3.  Now a new page will open in front of you, in which you will see the option of digital loan. You have to select the option of that digital loan.

4.  Now two options will be shown in front of you. To take a loan in Bank of Baroda, you have to select the option of pre approved micro personal loan above.

5. Now Bank of Baroda will tell you the credit score of your bank account by checking it. And the option of process will appear below. You have to select the button of that process.

6.  Now you have to select your loan, the amount of loan you want to take and also select the EMI. Like we have told in the screenshot.

7. Next you have to select the term and condition and select the process button below.

8. Next you will be asked for mpin. Which is a transaction pin. You have to feel the mpin and click on the ok button.

9.After selecting the Ok button, a message will appear in front of you. That your loan has been successfully approved.

Offline Method -:

Friends, if you want to apply for a loan by going to the bank, then first you have to go to the nearest Bank Of Baroda, then after that you will have to contact the branch’s loan department and after contacting the bank, you will have to meet the employee of that bank.That employee will give you complete details of the loan and will tell you each and every detail how to apply for the loan. A bank employee will explain you all the details about the type of loan, and you will have to fill the form for the type of loan you want to get, after which you can get the loan through this offline process as well.

What are the documents required for Bank of Baroda Personal Loan?

Filled loan application along with 3 passport size photographs along with Form 135 giving details of assets and liabilities of the applicant. Last 6 months bank statement and updated passbook.

Proof of residence:

1. Valid Passport

2. Voter ID Card

3. Driving License

4. Postpaid Utility Bills (Gas Bill & Electricity Bill)

5. Updated passbook or bank account statement

6. Registered Rent Agreement

proof of identity:

1. PAN Card

2. Aadhaar Card

3. Valid Indian Passport

4. Voter ID Card

5. Driving License

6. Employee ID card issued by relevant authorities such as Government or Defense or reputed corporate

For Salaried Individuals:

1. Salary slip of last 3 months

2. Statement of account with our bank/other bank for the last 6 months

Eligibility for applying loan from Bank Of Baroda


1. Must be a resident of India.

2. The applicant should have a current or savings account with Bank Of Baroda 6 months old.

3. The applicant should not be a defaulter in any financial institution or bank.

4. The person applying should not have availed any SME loan earlier.

5. The age of the applicant should be between 18 to 65 years only then they will be considered eligible.

6. The amount of loan you should get depends on your monthly salary as well, if your monthly income is very high then the chances of getting higher loan amount under personal loan increases.

7. CIBIL Score should be more than 750 points. If this does not happen then the bank will never give you a loan.

What are the benefits of Bank of Baroda Personal Loan?

1. Emergency Fund

2. Benefits on Credit Cards

3. No hard credit limit

4. Pay via Cheque, Bank Transfer or Cash

5. Extended timeline for repayment

6. Flexible use of funds

7. Higher Borrowing Amount

Types of Bank of Baroda Personal Loan

1. Baroda Personal Loan

2. Baroda Personal Loan Covid-19

3. Baroda Loan for Pensioner

4. Pre-approved Personal Loan

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