All You Need to Know About Personal Loans from Bank of Baroda

2024 Award Winner: Excellence in Lending

Key Details about This Loan:

• Available Loan Amounts: ₹15,00,000
• Loan Duration (in months): 84
• Repayment Options: Cheque, Bank Transfer, or Cash
• Interest Rate: Up to 18%

Benefits

• Attractive Interest Rates
• No Hidden Charges
• Discounts with Autopayment
• High Loan Ceiling
• No Hard Credit Pull

Drawbacks

• Minimum Loan Amount is Relatively High

Why Opt for Bank of Baroda for Your Personal Loan?

Bank of Baroda stands out in the highly competitive Indian finance market. While top banks like HDFC, ICICI, State Bank of India (SBI), Axis Bank, and Kotak Mahindra Bank offer impressive products, Bank of Baroda brings unique advantages to the table.

HDFC Bank’s personal loans start from 10.25%, but they come with processing fees (up to 2.5%).
ICICI Bank offers competitive rates, yet their loans have up to 2.25% fees and are challenging to prepay.

State Bank of India (SBI) boasts interest rates starting as low as 9.60%, which is among the lowest, though these loans are available primarily to their long-term customers.

Axis Bank’s APR begins at 10.49%, just a tad higher. Typically, they don’t charge prepayment fees or processing fees but require a guarantor—good luck finding one nowadays.

Kotak Mahindra Bank has relatively competitive rates but includes processing fees up to 2.5% and demands a higher minimum income.

How to Apply for Your Loan

Applying for the Baroda Personal Loan is a breeze and can be done online in just a few minutes. Click the button and follow the easy, step-by-step instructions to get started!