We all hit those moments when money feels tight maybe it’s your dream wedding, a medical emergency, or finally taking that family vacation you’ve been postponing. If you’re looking for a 10 lakh personal loan, you want it from a bank that’s trusted, affordable, and quick. Bank of Baroda EMI Calculator 2025
That’s where Bank of Baroda (BOB) comes in. As one of India’s top nationalized banks, BOB offers low-interest personal loans up to 20 lakhs with flexible repayment options.
Let’s break down everything you need to know interest rates, eligibility, documents, and how to apply—so you can get the funds you need without the stress.
Why Choose Bank of Baroda for a Personal Loan?
- Trusted Government Bank – Safe and reliable
- Low Interest Rates – Starting at just 11.15% p.a.
- High Loan Amount – Up to 20 lakhs
- Long Repayment Tenure – Up to 7 years
- Quick Processing – Minimal paperwork, fast approval
Bank of Baroda Personal Loan Interest Rates
Your interest rate depends on your employment type and credit profile:
| Category | Interest Rate (p.a.) |
|---|---|
| Government/Defense Employees | 11.15% – 11.90% |
| Public Sector Employees | 12.40% – 16.75% |
| Private Sector Employees | 13.15% – 18.75% |
How to Calculate Your EMI Before You Apply
Want to know what you’ll be paying monthly before committing?
Visit the Bank of Baroda’s official site and use their EMI calculator. Just enter:
- Desired loan amount
- Repayment tenure
- Interest rate
Who Can Apply for a BOB Personal Loan?
- The eligibility criteria are pretty straightforward:
- Age between 21 and 65 years
- Minimum 1 year of job experience
- Salaried individuals working in government, public sector, recognized private firms
Self-employed professionals or business owners with at least 1 year of continuous income
BOB Personal Loan Documents You’ll Need
Have these ready before you apply:
- Aadhaar card & PAN card
- Address proof
- Last 6 months’ bank statements
- Salary slips (for salaried)
- Balance sheet & ITR (for self-employed)
- Pension details/PPO (if retired)
Step-by-Step: BOB Personal Loan How to Apply Online
- Head to Bank of Baroda’s official website
- Click on “Personal Loan” option on the homepage
- Fill out the online application form with accurate details
- Upload the scanned documents
- Submit the form and wait for verification
FAQs – Quick Answers
Can I get a BOB Personal Loan with a low CIBIL score?
Yes! BOB considers applications even with average credit scores, though rates may be higher.
What’s the processing fee BOB Personal Loan?
Up to 2% of loan amount (Min ₹1,000 – Max ₹10,000).
How long does approval take BOB Personal Loan?
Usually 3-7 working days after document submission.
Is prepayment allowed?
Yes, but check for any foreclosure charges.