BOB Personal Loan Scheme: पाएं 10 लाख रुपये तक का लोन, प्रोसेसिंग शुल्क, पात्रता, आवेदन प्रक्रिया और अधिक जानें!

BOB Personal Loan Scheme: Hello friends, if you also need a loan and are not getting it from anywhere, then we will give you information about a loan scheme of Bank of Baroda, under which you can get a personal loan up to Rs 10 lakh. Through this loan you can start your business and use this money for any work. Let us know how you can take advantage of the Bank of Baroda scheme and get a loan of Rs 10 lakh quickly.

BOB Personal Loan Scheme 2025

Applicants can be employees of government or private companies with minimum permanent service of one year to apply for personal loan. Similarly, business or professional individuals who wish to apply for a personal loan must have their business or practice in operation for at least one year.

• Applicants must be at least 21 years of age to be eligible for a personal loan,
• Collateral applicants are not allowed.
• The maximum age to apply for this loan is 60 years.
• Salaried individuals and 65 years at the end of its term for non-salaried individuals.

Amount of the loan getting from BOB Personal Loan Scheme

The maximum BOB Personal Loan amount for applicants to get approved for a personal loan is Rs 10.00 lakh (this depends on the business of the borrower and the contact with the bank). The minimum is Rs 1.00 lakh for metro and urban branch and minimum Rs 0.50 lakh for rural and semi-urban branch.

BOB Personal Loan Processing Fees

The method of calculation of personal loan processing fee is as follows: For government employees, who maintain salary account with Bank of Baroda, it is Nil.

For other individuals, it ranges from 1.00% to 2.00% plus GST of the loan amount, with a minimum not exceeding Rs 1,000+GST and a maximum of Rs 10,000+GST. Floating and fixed rate of interest options are available in Baroda Personal Loan. For further information please visit the nearest Bank of Baroda branch.

Eligibility criteria to get BOB Personal Loan

The eligibility standards prescribed for availing a BOB Personal Loan are decided by the bank and these standards may vary depending on different loan schemes and banks. Generally, the bank considers the following eligibility standards for taking a loan: Here below we have provided you the Eligibility criteria to get BOB Personal Loan. If you come under these below given eligibility criteria then you can apply for the BOB personal loans.

• Employees of Central/State Government/Autonomous Bodies/Public/Joint Sector Enterprises, Public Limited Companies, MNCs and Educational Institutions with at least one year of continuous service.
• Private limited companies, trusts, limited liability partnerships – which have at least one year of continuous service.
• Insurance agents who have been in business for at least last 2 years.
• Autonomous business professionals (Doctors, Engineers, Architects, Interior Designers, Technical and Management Consultants, Practicing Company Secretaries, etc.) who have a stable business of at least 1 year.
• Autonomous traders who have at least 1 year of stable business.
• Staff members and NRIs/PIOs are not eligible.

Documents needed for BOB Personal Loan

Along with the completed BOB Personal Loan application form, which includes 3 passport size photographs, along with Form 135 giving details of the assets and liabilities of the applicant.

Bank statement of last six months along with updated passbook.

Proof of residence any of the following:

• Valid Voter ID Card
• Driving license
• Postpaid Utility Bills (Gas Bill and Electricity Bill)
• Updated passbook or bank account statement
• Registered rental contract

Proof of identity:

• PAN card
• Aadhar card
• Valid Indian passport
• Voter ID Card
• Driving license
• Employee ID card issued by recognized authorized authorities such as Government or Défense or major corporates

For salaried individuals:

• Salary slips of last 3 months.
• Statement of account for the last 6 months of our bank/other bank.

If you are a self-employed person:

• Balance Sheet and Profit Loss Account for last 1 year, calculation of income
• Income Tax Returns – Last 1 Year for Applicants, 26 AS, TRACES
• Trade Proof: Gomasta License, Registration Certificate, Service Tax Registration, etc.
• IT Assessment/Cleanliness Certificate, Income Tax Challan/TDS Certificate (Form 16A)/Form 26AS for income declared in ITR.

If you are planning to take a BOB Personal Loan, it is best that you contact the local branch and get information from them about their special loan schemes and eligibility standards.

How to apply for the BOB Personal Loan?

If you need money and you are applying for the BOB Personal Loan, but you don’t know how to apply for the loan, don’t worry here below we have given you step by steps details to apply for the Bank of Baroda personal loan.

• Fill the application form for Bank of Baroda Personal Loan there.
• After filling this application form, the bank representative will contact you.
• They will be asked for some personal information from you, which may include some details including your income and business.
• After fulfilling all the criteria of personal loan, the loan will be provided to you.
• For more details, contact the official helpline number of the given bank – 1800 5700.

FAQ’s: Bank of Baroda Personal Loan Scheme