BANK OF BARODA started its operation as a small bank in 1908 and has since grown many times to become one of the largest banks in India. Bank of Baroda personal loan review states that the Bank of Baroda personal loan helps in meeting out the personal requirements of an individual and is available at an easy Bank of Baroda personal loan rate. We here at money super bazaar provide detailed information regarding Bank of Baroda Personal Loan interest rate levied on it, Bank of Baroda personal loan eligibility norms as stated by bank and repayment schedule, etc.

Bank Of Baroda Personal Loan Eligibility Norms:

Bank of Baroda personal loan review maintains that Bank of Baroda personal loan eligibility norms for employees is that:

• The salaried employee should be in the present employment for at least 1 year.
• Bank of Baroda personal loan eligibility for self employed professionals is that they should have a stable business and be in the current business for at least 1 year.

Bank Of Baroda Personal Loan Interest Rates:

According to Bank of Baroda personal loan review, bank has determined the Bank of Baroda personal loan interest rate on a base rate that is fixed at 9 % per annum.

 Bank of Baroda personal loan rate is:

6.5 % per annum + base rate for personal loans.

There are a few exceptions to the above:

•  Bank of Baroda personal loan rate to pensioners is:

 5.25 % per annum + base rate for personal loans

•  Bank of Baroda personal loan rate to defense pensioners is also at:

 5.25 % per annum + base rate for personal loans, whereas;

• Bank of Baroda personal loan interest rate for earnest money deposit is: 3.25 % per annum + base rate for personal loans.

Quantum Of Bank Of Baroda Personal Loan:

The maximum amount of loan provided at Bank of Baroda personal loan scheme is Rs.2 lacs as given by the Bank of Baroda personal loan review.

Repayment Modes And Method Of Bank Of Baroda Personal Loan:

The repayment options of Bank of Baroda personal loan is up to 36 months payable in equated EMI’s.

Pre-Closure Of Loan:

If you choose to pre-pay your loan, you may do so. There are no pre payment charges levied.

Default / Delay In Payment Of EMI Of Bank Of Baroda Personal Loan:

If you fail to pay your EMI during the stipulated period, penalty at 2 % per annum is payable on overdue amount.

Product Page URL:  For more information log on to www.bankofbaroda.com and info on loans can be acquired at http://www.bankofbaroda.com/pfs/familyloans_more.asp

Branch Office Address (in table):