Personal Loan

About Personal Loan

Personal Loan

What is a Personal Loan?

Personal loans from Bank of Baroda offer a quick and easy solution to all your urgent financial needs. Whether you need funds for a medical emergency in your family, your sibling’s wedding, or to renovate your home, a personal loan can finance all your requirements. Personal loans have many advantages over other forms of credit, such as credit cards and informal loans from friends, family members or untrustworthy financiers.

Most salaried persons, self-employed and professionals can apply for personal loans. With attractive interest rates, minimal documentation and speedy processing, Bank of Baroda offers among the best personal loans today.

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Personal Loan FAQ

Frequently Asked Questions

What Is Personal Loan?

Personal Loan is an unsecured credit provided by financial institutions based on criteria like employment history, repayment capacity, income level, profession and credit history. Personal Loan, which is also known as a consumer loan is a multi-purpose loan, which you can use to meet any of your immediate needs.

How Does Personal Loan Works?

Bank finance Home Loan for purchase of house / flat, construction / repair / renovation of house, purchase of plot and construction of house thereon. Applicant needs to submit duly filled in Application Form along with other related documents as per requirement of the Bank. Bank assess the application based on Bank's / RBI's guidelines and takes decision.

How To Get Home Loan?

You can apply for Personal Loan through any of the below mentioned modes-

Step 1 - Visit our contact us page

Step 2 - Fill in your information (name, email, contact no, city) and details of your referee (name, email, contact no., city and loan amount).

Step 3 - Once the loan amount gets disbursed and the whole process is complete, your payout will be credited to your bank account.*

How Much Personal Loan Should I Take?

One should assess one's monthly income and expenditure. One should note that there must of adequate amount left to meet your monthly expenditure and other obligations. Accordingly you can decide on the amount of loan.