At some point in our lives, we need emergency funds. There can be a shortage of money suddenly in any situation. At such a time, a personal loan can be the right option. If you are thinking that you should take a loan, then you can easily take a loan of up to Rs 2 lakh from the Bank of Baroda.

Bank of Baroda Personal Loan

Bank of Baroda, a leading bank, offers personal loans up to a maximum of Rs 2 lakh to its customers. The features of this loan are as follows:

• Loan amount: Maximum Rs 2 lakh
• Repayment period: Up to 5 years
• Interest Rate: Starting from 12%
• Digital Process: The application can be done completely online.

The bank even offers loans to both employed and non-employed people, making it a useful option for everyone.

Eligibility Criteria

Some of the important eligibility criteria to avail a personal loan from Bank of Baroda are:

• The applicant must be an Indian citizen.
• The age of the applicant should be between 21 to 60 years.
• Your CIBIL score should be more than 730.
• Your monthly income should be at least Rs 15,000.
• Aadhar card, mobile, and PAN card must be linked with each other.
• Your bank account should be in the Bank of Baroda.

Required Documents

While applying for a loan, the following documents are required:

• Aadhar card
• PAN card
• Voter ID or Driving License
• Bank statement for the last 3 months
• salary slip
• ITR Forms
• Passport size photograph
• Mobile Number

application procedure

The process of applying for a personal loan from the Bank of Baroda is simple. Follow the below steps:

• Visit the website: First, visit the official website of Bank of Baroda www.bankofbaroda.in.
• The option of “Personal Loan” will appear on the home page, click on it.
• Read the required information and click on “Apply New”.
• Fill out the personal loan application form and upload the required scanned documents.
• After filling in all the information, click on the submit button.
• Bank employees will call you to confirm your information.

It is worth noting that taking a personal loan from the Bank of Baroda has now become very easy. Due to the digital process, you do not need to go anywhere. Apply from your smartphone and get the funds as per your need quickly. Through this loan, you can fulfill your financial needs.