BOB Personal loan: 20 लाख का लोन, सिर्फ एक मिस कॉल या मैसेज से! बैंक ऑफ बड़ोदा से पाएं तुरंत लोन।

Bank of Baroda offers a maximum loan of 20 lakh through their BOB Personal Loan 20 Lakh scheme. If you require an instant loan from this nationalized bank in India, you can apply for a BOB Personal Loan of 20 Lakh using the steps outlined in this article. Additionally, you can find details about eligibility criteria and interest rates for Bank of Baroda’s loans in this post. Read on to discover all the information about BOB personal loan BB personal loan Eligibility BOB loan Important documents Bank Of Barauda Loan 2023.

BOB personal loan BB personal loan Eligibility BOB loan Important documents Bank Of Baroda Loan

BOB personal loan 20 lakh

Bank of Baroda offers a range of loans to its customers, both online and offline. You can apply for a Bank of Baroda personal loan for various purposes, including home renovation, education, vacations, and weddings. Typically, for higher loan amounts, visiting a branch is advisable. However, online loans are available for amounts ranging from 500,000 to 1 million rupees. In this article, we focus on Bank of Baroda’s 20 lakh personal loan, which you can obtain at your nearest branch by following the procedure outlined here. The bank charges a one-time processing fee of 2%, with a minimum of Rs 1,000 and a maximum of Rs 10,000. No processing fees are required if you have an existing Bank of Baroda account and work in the government sector. BOB’s loan 20 lakh interest rates start at 10.90% and may vary based on customer eligibility and conditions.

Eligibility criteria for BOB personal loan

  • Indian citizens are eligible for a BOB Personal Loan of 20 Lakh.
  • Applicants must be at least 21, with a maximum age limit of 60. However, self-employed individuals can apply up to the age of 65.
  • Loan amounts can range from a minimum of 50,000 to a maximum of 20 lakh, subject to certain conditions.
  • Salaried employees, whether in the government or private sector, must have at least 1 year of continuous employment with their current employer. Self-employed individuals must maintain a one-year business record to be eligible for a personal loan.
  • A good CIBIL score increases your chances of securing a higher loan amount from the bank.

Important documents for BOB personal loan 2023

BOB loan Important documents

  • Bank of Baroda personal loan application form
  • Three recent passport-sized color photographs
  • Proof of identity (any one of the following): Aadhar card, PAN card, passport, driving license, Voter ID card
  • Proof of residence (any one of the following): Aadhar card, Voter ID card, driver’s license, electricity bill, or any other bill copy
  • Bank statement for at least six months
  • Photocopy of the latest updated passbook
  • If employed, provide the latest three months’ salary slips
  • Tax information from income tax returns for employees
  • For business owners, submit business registration documents and income tax return documents.

Apply for a a BOB personal loan of 20 lakh. 

Here are the steps to apply for a Bank of Baroda personal loan:

  1. Visit your nearest Bank of Baroda branch and request a personal loan application form from the inquiry counter.
  2. Complete the application form by providing your details and other required information.
  3. Attach photocopies of all the necessary documents to the application form.
  4. Submit the completed application form at the counter and present the original documents for verification.
  5. The bank will review your application and discuss the loan amount and interest rates.
  6. If you agree with the terms and conditions, sign the final formalities.
  7. After verification, the loan amount will be deposited into your bank account, which usually takes 2 to 4 days.


In conclusion, the Bank of Baroda offers a convenient and straightforward process for obtaining a personal loan. Following the outlined steps, you can access the financial support you need for various purposes. Review the terms and conditions carefully before proceeding with your loan application.


What is a personal loan?

A personal loan is an unsecured loan that individuals can borrow from banks or financial institutions to meet various personal expenses, such as medical bills, home renovations, or debt consolidation.

How does a personal loan work?

Personal loans are typically repaid in fixed monthly installments over a predetermined period. Borrowers receive a lump sum amount and agree to repay it with interest over the loan term.

What are the eligibility criteria for a personal loan?

Eligibility criteria vary by lender but often include income, credit score, age, and employment status. Meeting these criteria increases your chances of loan approval.

Amar Kumar is a graduate of Journalism, Psychology, and English. Passionate about communication - with words spoken and unspoken, written and unwritten - he looks forward to learning and growing at every opportunity. Pursuing a Post-graduate Diploma in Translation Studies, he aims to do his part in saving the 'lost…

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