Public Sector Bank (PSU)Salaried Employeesunsecured

Baroda Personal Loan for Salaried

बड़ौदा पर्सनल लोन (वेतनभोगी)

Bank of Baroda personal loan for salaried professionals up to ₹20 Lakhs with tenure up to 84 months.

Max Loan Amount

₹50,000 to ₹20,00,000 (up to 30x Net Monthly Salary)

Interest Rate

11.05% - 15.60% p.a. (floating BRLLR-linked)

Tenure

12 to 84 months (longest PSU tenure)

Processing Fee

1.00% to 2.00% of loan amount + GST (Min ₹1,000, Max ₹10,000 + GST)

✦ What It Is: Product Architecture & Regulatory Scope

Flagship unsecured personal loan by Bank of Baroda for confirmed employees of Central/State Govt, PSUs, public limited companies, and MNCs, offering one of the longest repayment tenures in the banking sector up to 7 years (84 months).

What is Missing: Honest MITC Policy Gaps, Hidden Clauses & Extra Charges

Eligo consumer protection notice: Bank brochures, DSA telecallers, and comparison portals rarely disclose these conditions. Read carefully before signing.

• Minimum continuous employment vintage of at least 1 year in current job and 2 years total. • Processing fee non-refundable even if loan is cancelled post-sanction. • Broken period interest calculated on daily diminishing balance between disbursement and 1st EMI cycle.

✦ Key Benefits & Features

• Industry-leading repayment tenure up to 84 months for ultra-low monthly EMIs • High loan quantum up to ₹20 Lakhs without any security or collateral • Direct integration with bob World mobile app for digital tracking • Zero prepayment penalties when repaid from own salary funds.

✦ Prepayment, Part-Payment & Foreclosure Rules

NIL prepayment penalty if closed from own verified personal funds; 2% for takeover.

✦ Eligibility Requirements

Confirmed permanent employees of Govt, PSUs, Reputed Corporates with salary account in BOB or other commercial bank. Min Age: 21, Max Age: 60. Min Net Salary: ₹25,000 (Metro) / ₹15,000 (Others). Min CIBIL: 701.

Min Age21 Years

Max Age60 Years

Min Monthly Income₹15,000

Min CIBIL Score701+

✦ Documents Required

• Identity & Address: PAN Card, Aadhaar Card, Passport • Employment Proof: Employee ID card, appointment letter • Financial Proof: Last 3 months payslips, latest Form 16 (Part A & B) • Banking: Last 6 months bank statement with salary credits.

✦ Exact How-To-Apply Process (3 Pathways)

Depending on your current relationship with the bank, select the corresponding application journey:

Pathway A

Existing / Pre-Approved Customers

1. Open bob World mobile app > Loans > Personal Loan. 2. Verify salary account and check pre-approved limit. 3. Complete OTP verification for instant approval.

Pathway B

New Online Applicant (Fresh Digital)

1. Visit bankofbaroda.in > Personal Loans > Baroda Personal Loan. 2. Submit online application, upload 3 months payslips, and consent to Account Aggregator. 3. Sanction letter issued digitally.

Pathway C

Branch Walk-In Application

1. Visit nearest Bank of Baroda branch. 2. Submit Application Form with 3 months salary slips, Form 16, and 6 months bank statement. 3. Sign standing instruction mandate for auto-debit.

Official Sourcing & MITC Verification

180-Day Re-Verification SLA · Last Verified: 2026-09-28

Eligo does not collect personal loan applications, sell user data to DSA telecallers, or receive affiliate commissions. All terms shown are extracted directly from official bank circulars, Most Important Terms and Conditions (MITC), and Key Fact Statements (KFS) under RBI guidelines.

Visit Official Lender Portal (Bank of Baroda Official Portal)View Official MITC / Schedule of Charges RBI Key Fact Statement (KFS) Reference

Frequently Asked Questions on Baroda Personal Loan for Salaried

Can I get an 84-month tenure for personal loan?

Yes, Bank of Baroda is one of the few PSU banks offering up to 84 months (7 years) tenure for salaried applicants.

What is the minimum credit score required?

A minimum CIBIL score of 701 is mandatory for standard pricing slabs.

Are non-BOB salary account holders eligible?

Yes, employees banking elsewhere can apply, subject to salary verification and e-NACH registration.