Bank of Baroda Personal Loan 2026
Bank of Baroda is one of the few banks offering a floating-rate personal loan linked to its repo-based lending rate, with pricing set by your credit-score band. Interest rate 10.15% – 17.50%, loan ₹50,000 (rural/semi-urban) or ₹1 lakh (metro/urban) – ₹20 lakh, tenure Up to 84 months (salaried); 48 – 60 months (non-salaried).
Rates as of BRLLR 7.90% (6 Dec 2025); rates Sep 2026 · Checked 27 September 2026Bank of Baroda Personal Loan at a glance
- Floating-rate option — benefits from repo cuts and carries no prepayment charge
- Nil fee and 10.15% start for government employees with a BoB salary account
- Fee capped at ₹10,000
- Maximum loan ₹20 lakh
- Shorter tenure for non-salaried borrowers
- Floating rate can rise if the repo rate rises
Bank of Baroda personal loan interest rate & charges
| Feature | Bank of Baroda |
|---|---|
| Interest rate | 10.15% – 17.50% |
| Rate details | Official floating rates linked to BRLLR (7.90% from 6 Dec 2025) and your CIBIL band: government employees with a BoB salary account 10.15% – 10.65%; “Gold” 10.65% – 15.50%; “Silver” 11.15% – 15.50%; Category B 11.90% – 15.50%; Category A 13.90% – 17.50%. Fixed rate from 10.95%. ClearTax shows rates about 0.25% higher (older data). |
| Processing fee | Nil for government employees with BoB salary account; others 1% – 2% + GST (min ₹1,000, max ₹10,000) |
| Loan amount | ₹50,000 (rural/semi-urban) or ₹1 lakh (metro/urban) – ₹20 lakh |
| Tenure | Up to 84 months (salaried); 48 – 60 months (non-salaried) |
| Prepayment / foreclosure | Zero prepayment charges (ClearTax); the official page is silent. On the floating-rate option RBI rules bar prepayment charges anyway |
| Rate type | Floating (BRLLR-linked) or fixed from 10.95% |
| Age | 21 – 60 years (salaried) |
| Work history | At least 1 year of continuous service or business |
Special schemes & features
10.15% – 10.65% and nil processing fee with a BoB salary account
Rare among banks; no prepayment charge under RBI rules
Source: www.bankofbaroda.bank.in, BRLLR 7.90% (6 Dec 2025); rates Sep 2026. Rates are indicative; your rate depends on your profile. Always check the Key Facts Statement (KFS) for the APR before signing.
EMI at Bank of Baroda’s rates
| Loan amount | EMI @ 10.15% | EMI @ 13.83% | EMI @ 17.50% |
|---|---|---|---|
| ₹2,00,000 | ₹4,264 | ₹4,636 | ₹5,024 |
| ₹5,00,000 | ₹10,660 | ₹11,590 | ₹12,561 |
| ₹10,00,000 | ₹21,321 | ₹23,180 | ₹25,122 |
Tenure 5 years, reducing-balance method. Total interest on ₹5,00,000 at 10.15%: ₹1,39,628.
Bank of Baroda personal loan EMI calculator
Eligibility
- Salaried: age 21 – 60, at least 1 year of continuous service
- Self-employed: at least 1 year in business; tenure 48 – 60 months
- Rate depends on your CIBIL score band
Documents required
- Identity proof: PAN (mandatory) plus Aadhaar, passport, voter ID or driving licence
- Address proof if different from ID
- Salaried: last 3 months’ salary slips, 3 – 6 months’ salary-account statement, Form 16 or latest ITR
- Self-employed: last 2 – 3 years’ ITR with computation of income, audited financials where applicable, 6 – 12 months’ bank statements, business registration (GST, Udyam, shop licence)
- Passport-size photograph (branch applications)
- Existing lenders’ sanction letters or statements if you are consolidating or transferring a loan
How to apply for Bank of Baroda Personal Loan
- Check your credit reportDownload your free report, fix errors and see what rate band you fall in.
- Compare offersCompare APR in the Key Facts Statement, fees and foreclosure terms — not just the headline rate.
- Apply on the lender’s own app, website or branchUse the bank’s official channels or its listed lending partners; never pay anyone a fee to “get the loan approved”.
- KYC and verificationAadhaar/PAN-based e-KYC or video KYC; income is verified from payslips, bank statements or account aggregator data.
- Sign KFS and agreementCheck APR, EMI schedule, foreclosure charge, penal charges and cooling-off period before e-signing.
- DisbursalMoney is credited directly to your bank account by the lender — never through a third party’s account.
Bank of Baroda vs other lenders
| Lender | Rate | Processing fee | Tenure | EMI on ₹5,00,000 |
|---|---|---|---|---|
| Axis Bank Personal Loan | 9.99% – 21.55% | Up to 2% of loan + GST | 12 – 84 months | ₹10,621 |
| HDFC Bank Personal Loan | 9.99% – 24.00% | Up to ₹6,500 + GST | 12 – 60 months (up to 72–84 months for select segments) | ₹10,621 |
| ICICI Bank Personal Loan | 9.99% – 16.50% | Up to 2% of loan + GST | — | ₹10,621 |
| IDFC FIRST Bank Personal Loan (FIRSTmoney) | 9.99% onwards | 0% – 3.5% of loan (incl. GST); zero on select amounts | 9 – 60 months | ₹10,621 |
| SBI Personal Loan (Xpress Credit) | 10.00% – 15.00% | 1.50% of loan (min ₹1,000, max ₹15,000) + GST | 6 – 84 months | ₹10,624 |
| Bank of Baroda Personal Loan | 10.15% – 17.50% | Nil for government employees with BoB salary account; others 1% – 2% + GST (min ₹1,000, max ₹10,000) | Up to 84 months (salaried); 48 – 60 months (non-salaried) | ₹10,660 |
| YES Bank Personal Loan | 10.85% – 21.00% | Up to 2.5% of loan | 12 – 72 months | ₹10,834 |
| Kotak Mahindra Bank Personal Loan | 10.99% onwards | Up to 5% of loan + GST | 12 – 72 months | ₹10,869 |
Frequently asked questions
What is the Bank of Baroda Personal Loan personal loan interest rate?
Bank of Baroda personal loan rates start at 10.15% and go up to 17.50% p.a. (as of BRLLR 7.90% (6 Dec 2025); rates Sep 2026). The rate you get depends on your credit score, income and loan details.
What is the EMI for ₹5,00,000 from Bank of Baroda?
At 10.15% for 5 years the EMI is about ₹10,660, with total interest of ₹1,39,628.
What is the processing fee?
Bank of Baroda: Nil for government employees with BoB salary account; others 1% – 2% + GST (min ₹1,000, max ₹10,000). GST at 18% applies on fees.
What is the maximum tenure?
Bank of Baroda: Up to 84 months (salaried); 48 – 60 months (non-salaried).
Can I prepay or foreclose the loan?
Bank of Baroda: Zero prepayment charges (ClearTax); the official page is silent. On the floating-rate option RBI rules bar prepayment charges anyway.
Is the Bank of Baroda personal loan floating or fixed?
Both are offered. The floating rate is linked to the Baroda Repo Linked Lending Rate (BRLLR 7.90%) and moves with the RBI repo rate; the fixed rate starts at 10.95%.
Information compiled from the lender’s published rates and reputable aggregators for comparison only. FinancePortal is not affiliated with Bank of Baroda Personal Loan. Terms change — confirm with the lender.