Learn more about this Indian Personal Loan by Bank Of Baroda, that offers fast approval to help you achieve your financial goal!
Baroda Personal Loan offers many advantages along with easily providing money to solve your financial needs. With pre-defined limits, low interest rates and long repayment terms, managing the money and making the most out of it becomes much simpler.
This loan can be ideal for someone who needs the extra money to reach stability, goals and pay for emergencies. And, even better, the loan amount goes from Rs. 1 lakh up to Rs. 20 lakhs. You can also simulate how much it will cost you by setting the amount you need and how long it will take you to repay it directly on their website.
What Are The Benefits of Baroda’s Personal Loan?
- ✔️- Loan Terms: from 12 months to 84 (1 year to 7 years);
- ✔️- Maximum Loan Amount: Rs. 20 lakhs;
- ✔️- Low Interest Rates: up to 18.75%;
- ✔️- Minimal Documentation;
- ✔️- Fast Approval.
Requirements
- Be A Resident Of India;
- Be Over 21;
- Must Be Employed For At Least A Year.
How Do I Apply For Bank Of Baroda’s Personal Loan?
In order to apply, you will need to have these documents in hand and visit the nearest bank branch:
- Proof of residence includes any of the following:
- Valid passport
- Voter id card
- Driving license
- Postpaid utility bill (gas bill and electricity bill)
- Updated passbook or bank account statement
- Registered rent agreement
- Proof of identity:
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- PAN card
- Aadhar Card
- Valid Indian passport
- Voters ID card
- Driving license
- Employee ID card issued by relevant authorities like the Govt or Defence or reputed corporate
- Identity document or certificate of practice with photograph issued by professional bodies like ICAI, ICWA, ICFAI
- For salaried individuals
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- Last 3 months’ salary slips
- Statement of account for last -6- months of our Bank/other bank
- If the applicant is a self-employed individual
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- Balance sheet and profit and loss account, computation of income for last 1 years
- Income Tax Returns – last 1 years for Applicants, 26 AS, Traces
- Business proof: Gomasta License, Registration Certificate, Service Tax Registration, among others
- IT Assessment/Clearance Certificate, Income Tax Challans/TDS Certificate (Form 16A)/Form 26 AS for income declared in ITR