How to Get a Bank of Baroda Personal Loan in 2026: Step-by-Step Guide
If you need a personal loan, Bank of Baroda is a good option for you, whether you are a government employee, a private employee, or self-employed; the facility to obtain a personal loan from Bank of Baroda is readily available to everyone.
If you’re looking to understand how to get a Bank of Baroda Personal Loan in 2026, you’re in the right place.
The Bank of Baroda loan interest rate starts at 10.44%, and the loan amount can range from 50,000 to 200,000 lakhs, depending on your credit score and income expenses.
If you need any kind of financial assistance, whether it is for someone’s marriage, a medical emergency, or any urgent family need, Bank of Baroda offers you a personal loan at a better interest rate according to the market price.
The way to get a personal loan from Bob Bank is straightforward and user-friendly, and there are many different ways to apply for a personal loan, which are further explained in the step-by-step process. You can apply for a personal loan from BOB Bank by following any method that suits your convenience.
What is the eligibility criteria for taking a personal loan from BOB Bank?
- You should have a fixed income base, whether it is through a salary or you are self-employed.
- You must be between 21 and 60 years of age.
- Whatever loan amount you have applied for, your income should be sufficient to pay that loan amount.
- Your civil score must be at least 700 or higher.
- If you are a pensioner, then you can apply for a personal loan from Bob Bank up to 65 years old.
- Bank of Baroda requires you to have worked for at least a year at a government or private institution before applying for a personal loan.
- If the applicant is self-employed, then whatever your income source is, it should be your continuous income for at least 1 year.
What are the charges of a Bank of Baroda Personal Loan?
The charges for a Bank of Baroda Personal Loan are as follows:
- Government employees with Baroda bank accounts pay no processing fees.
- If your account isn’t in the bank, you owe a 1%–2% GST on the loan.
- The GST on personal loans can range from a minimum of ₹1000 to a maximum of ₹10000.
- Although the processing fee may sometimes be very low or not required, this depends entirely on the bank.
- Your processing fee might be minimal or completely waived (GST free) if you obtained a personal loan from Bob Bank during a promotional offer.
- Bank of Baroda provides both floating and fixed rate personal loans.
What are the documents you need to get a personal loan from Bank of Baroda?
To obtain a personal loan from Bank of Baroda, you will need the following documents:
Important Points for Digital Personal Loans
- Valid mobile number
- Your Aadhaar card should be linked to your mobile number.
- PAN and Aadhaar cards should also be linked to each other.
- To activate Nach, you must have a NetBank login in your bank account.
- A webcam is also necessary to do KYC videos.
Residence Proof:
You can provide any one of the following documents as proof of residence.
- Valid Passport
- Voter ID Card
- driving licence
- You can provide a postpaid number bill, a gas bill, or an electricity bill.
- Rent Agreement
- Bank Passbook
For identity proof and income proof, you should have the following documents:
- PAN Card
- Aadhar Card
- Valid Indian Passport
- Voter ID, Voter ID Card, etc.
- Salary slip for the last 3 months
- Account statements of up to 6 months are required.
For the expression self-employed:
- GST portal details or digital GST return details for the last 1 year
- ITR e-filing return details for the last 2 years
Different ways to apply for a Bank of Baroda (BOB) personal loan:
How to Get a Bank of Baroda Personal Loan in 2026: Step-by-Step Guide
There are four different ways to apply for a Bank of Baroda personal loan; in this section, we will explain each method clearly so that you can easily understand the process and choose the most convenient way to apply for a personal loan from Bank of Baroda.
Groww Personal Loan 2026: Eligibility, Interest Rates, and Instant Approval Process
Option 1. How to apply for a personal loan from the BOB Bank website?
- www.bankofbaroda.in: click on this link and go to the website.
- Choose the personal loan option after that.
- Click “Apply Now” here.
- Now enter the required details in the loan application form, which include your personal information, income details, and information related to your contacts.
- Now upload the required documents, such as a PAN card, Aadhaar card or proof of income, etc.
- And submit the form.
- Along with this, you have to provide information about the loan amount and which bank account you want to transfer it to.
- Thereafter, you have to do video verification through email or message, and after that, there is a requirement to do a digital signature for e(e)KYC.
- After completing all the necessary steps, you will receive a personal loan limit from BOB Bank based on your eligibility, and before the loan amount is transferred, you must activate the NACH.
- This ensures that the automatic payment process occurs every month, allowing all your incoming EMIs to be easily debited from your bank account.
- You will receive a link via email or your registered mobile number, which allows you to activate NACH by digitally signing, ensuring that the loan amount is transferred easily to your bank account.
- And according to your eligibility, you get the loan amount credited to your bank account.
- Option 2. How to Apply for a Personal Loan with the BOB World Mobile App?
To do this, follow the steps outlined below.
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Download and open the BOB World App.
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Log in to the application or register with your mobile number.
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If you are an existing customer of BOB Bank, then you can also get the option of a preapproved or instant loan.
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This option requires no documentation or only minimal documentation.
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Click on the launch option in the loan app and select ‘while searching for a personal loan’.
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Now select the loan amount and tenure years.
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Submit the required details, such as PAN card, Aadhaar card or details related to your income.
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Complete your e-KYC and digital sign process.
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Now, on the basis of your credit, your personal loan account will be credited to your bank account.
Option 3. How to Apply for a BOB Bank Personal Loan through the Offline Method
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You can complete your BOB Bank personal loan application process by visiting your nearest Bank of Baroda branch.
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With the help of Bank Employees, you can submit the form for your Bob Bank Personal Loan application process as well as submit the required documents and complete the process of personal loan very easily.
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Depending on your profession, a photo of the required documents has to be given to the state copy bank.
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Once you submit all the necessary details, the bank credits your account based on your eligibility, and the approval process is swift.
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The bank immediately processes your signature and physical verification.
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By the way, the offline process does not take much time; as soon as all your verification processes are completed, the BOB Bank Personal Loan amount is transferred to your bank account.
Option 4. How to apply for a BOB Bank Personal Loan by Phone Call:
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Applying for a Bank of Baroda personal loan through a call is effortless, and you can deposit Rs. 1800 5700/- as part of the process.
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You can easily get all the information related to applying for a personal loan by calling one number 1800 5000 and easily start the process of applying for a personal loan from your Bank of Baroda.
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To get this, you must submit the digital proof (photostat) of the required document, which the bank executive sends to your registered mobile number or email.
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As let us tell you, in the process of applying for a personal loan through a call from Bank of Baroda, the necessary information given by you is filled in on the personal loan application form through a phone call itself.
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And on behalf of Bank of Baroda, the entire process of your personal loan is monitored by an employee, and Bank of Baroda tries to provide you with one as soon as possible based on your eligibility.
Frequently Asked Questions (FAQs)
- How is eligibility for a personal loan calculated?
Eligibility for a personal loan depends on your income, CIBIL score, and your expenses.
2. Can a personal loan taken from Bob Bank be pre-closed?
Yes, you can easily close the personal loan taken from Bob Bank, for which you do not need to pay any additional charges.
3. What is the minimum loan that can be taken from Bob Bank?
A personal loan of as low as ₹ 50000 to ₹ 200000 can be taken from Bob Bank.
4. What is the maximum loan that can be taken from Bob Bank?
The maximum amount that can be availed for a personal loan from Bob Bank is up to ₹ 2000000 lakh.
5. Can I get a personal loan if my salary is ₹10,000 per month?
Yes, even if your salary is ₹ 10000 per month, you can get personal.
6. What is the Rate of Interest for a Bank of Baroda Personal Loan?
Bank of Baroda Personal Loan: Personal loans start with an interest rate of 10.40%, although it depends entirely on your civil score.
In conclusion, obtaining a personal loan from BOB Bank is effortless, as there are various methods available for application, allowing you to choose the one that best suits your convenience. Now, whether it is by call or offline or through the online process, you can apply for a personal loan from BOB Bank.
PhonePe Personal Loan 2026: Eligibility, Application Process, and Instant Approval