Bank of Baroda Bank Personal Loan

Bank of Baroda Bank Personal Loan - http://www.loansandcredits.in/bank-baroda-bank-personal-loan/
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Apply Personal Loan

Apply Personal Loan :- Loan amount from Rs.1 lakh up to Rs.20 lakhs Convenient loan repayment option of 12 to 60 months No security or collateral required to avail this loan Simplified and quick documentation Attractive interest rates Hassle-free loan sanction and disbursal procedure[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column width="1/2"][contact-form-7 id="3299" title="PL-loansandcredits.in"][/vc_column][vc_column width="1/2"][vc_column_text]

 

Eligible

Eligible Borrowers

• Employees of Central / State Govt. / Autonomous Bodies/ Public / Joint Sector Undertakings, Public Limited Co. / MNCs & Educational Institutions – with minimum continuous service for 1 year


• Employees of Proprietorship, Partnership firms, Private Limited companies, Trust - with minimum continuous service for 1 year


• Insurance Agents- doing business for minimum last -2- years


• Self Employed Professionals (Doctor, Engineer, Architect, Interior Designers, Tech. and Management Consultants, Practicing Company secretaries etc) -- with minimum 1 year stable business.


• Self Employed Business persons - with minimum 1 year stable business.

Interest Rates & Charges]

ROI for existing customers having account relationship of minimum -6- months

One year MCLR +SP+3.00% to One year MCLR +SP+ 6.00% (As per Risk Rating of the applicant/s.)

Other cases : i.e for applicants having account relationship with other Bank at least for -6- months

One year MCLR +SP+5.00% to One year MCLR +SP+ 8.00% (As per Risk Rating of the applicant/s.)

Charges

• 2% of Loan amount


• Minimum: Rs.1000/-


• Maximum: Rs.10,000/-

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Loan EMI Calculator

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Most Important Term & Conditions

Purpose

For any purpose other than speculation.

Eligibility Borrowers

• Employees of Central / State Govt. / Autonomous Bodies/ Public / Joint Sector Undertakings, Public Limited Co. / MNCs & Educational Institutions – with minimum continuous service for 1 year


• Employees of Proprietorship, Partnership firms, Private Limited companies, Trust - with minimum continuous service for 1 year


• Insurance Agents- doing business for minimum last 2 years


• Self Employed Professionals (Doctor, Engineer, Architect, Interior Designers, Tech. and Management Consultants, Practicing Company secretaries etc.) - with minimum 1 year stable business.


• Self Employed Business persons - with minimum 1 year stable business.


• Staff members are not eligible

Co-Applicant

Applications to be considered on individual basis only. Co applicants not to be allowed.

Age

Minimum

21 Years

Maximum

• For Salaried Persons: Age of Borrower plus repayment period should not exceed retirement age or 60 years whichever is lower.


• For non-salaried Persons: Age of Borrower plus repayment period should not exceed 65 years.

Quantum of Finance

Limit is stipulated based on the classification of the financing branch.

Maximum

• Metro & Urban : Rs. 10 Lakhs


• Semi-Urban & Rural : Rs.5 Lakhs

Minimum

• Metro & Urban : Rs. 1 Lakh


• Semi-Urban & Rural: Rs.50,000/-

Penal interest

Penal interest @2% shall be levied on overdue amount

Processing Charges

2% of Loan amount Minimum: Rs.1000/- Maximum: Rs.10,000/- + Service Tax

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