A Bank of Baroda personal loan offers ₹50,000 to ₹20 lakh at interest rates from 10.15% p.a. (floating) with tenure up to 84 months. Salaried and self-employed Indians aged 21 and above with at least 1 year of work or business stability can apply online, at a branch, or through the bob World app.
Bank of Baroda Personal Loan: Key Highlights 2026
| Feature | Details (Indicative) |
| Floating interest rate | 10.15% to 17.50% p.a. |
| Fixed interest rate | 10.95% to 18.00% p.a. |
| Loan amount | ₹1 lakh to ₹20 lakh (Metro/Urban); ₹50,000 minimum (Rural/Semi-urban) |
| Digital personal loan | ₹50,000 to ₹10 lakh |
| Maximum tenure | Up to 84 months (7 years) |
| Minimum age | 21 years |
| Minimum CIBIL score | 701 and above |
| Processing fee | Nil for Govt. employees with BOB salary account; 1% to 2% + GST for others (min ₹1,000, max ₹10,000) |
| Prepayment/foreclosure charges | Nil |
| Collateral | Not required |
| Co-applicant | Not allowed |
What Is a Bank of Baroda Personal Loan?
A Bank of Baroda personal loan is an unsecured loan from one of India’s largest public sector banks that you can use for any purpose except speculation, such as medical bills, weddings, travel, education or home repairs. No collateral or guarantor is needed.
The Bank of Baroda personal loan is offered under four main schemes. Your interest rate depends on your employer category, where your salary account is held, and your CIBIL score. Since Bank of Baroda is a government-owned bank, its personal loan pricing is linked to external benchmarks, which makes it more transparent than many private lenders.
Types of BOB Personal Loan Schemes
| Scheme | Who It Suits | Loan Amount | Tenure |
| Baroda Personal Loan | Salaried, self-employed, professionals, insurance agents | Up to ₹20 lakh | Up to 84 months |
| Baroda Digital Personal Loan | Borrowers who want a 100% paperless process | ₹50,000 to ₹10 lakh | 12 to 60 months |
| Baroda Digital Pre-Approved Personal Loan | Existing customers with a pre-approved offer | As per offer | 18 to 36 months |
| Baroda Loan to Pensioners | Pensioners drawing pension through Bank of Baroda | As per pension | As per scheme |
Also Read: Personal Loan for Pensioners & Senior Citizens: Apply Online
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What Is the Bank of Baroda Personal Loan Interest Rate in 2026?
The Bank of Baroda personal loan interest rate in 2026 ranges from 10.15% to 17.50% p.a. on floating rates and 10.95% to 18.00% p.a. on fixed rates. Government and defence employees with a BOB salary account get the lowest rate of 10.15%.
The Bank of Baroda personal loan interest rate is linked to your CIBIL score and customer category. Here is the official category-wise rate card for the regular Baroda Personal Loan:
| Borrower Category | Floating Rate (p.a.) | Fixed Rate (p.a.) |
| Govt / defence employees with BOB salary account (scheme SB 182 & 186) | 10.15% to 10.65% | 10.95% to 11.45% |
| Gold: Central/State Govt, PSU, “A” rated listed company, reputed institution employees with BOB salary account | 10.65% to 15.50% | 11.20% to 14.05% |
| Silver: Same employer types, salary account with another bank | 11.15% to 15.50% | 11.70% to 14.05% |
| Category B: Private company, trust, LLP employees, insurance agents, self-employed with BOB account relationship | 11.90% to 15.50% | 12.75% to 15.00% |
| Category A: Same as Category B, account relationship with another bank | 13.90% to 17.50% | 14.70% to 18.00% |
Baroda Digital Personal Loan rates: 11.65% to 17.00% (floating) and 12.75% to 18.10% (fixed), based on CIBIL and internal score.
How Is the BOB Personal Loan Interest Rate Calculated?
Floating rates are set as BRLLR (Baroda Repo Linked Lending Rate) + strategic premium + a CIBIL-based spread of 2.00% to 9.35%. Fixed rates are set as 1-year MCLR + spread. A higher CIBIL score means a smaller spread.
Because the floating rate tracks the RBI repo rate, your interest can fall when RBI cuts rates and rise when it hikes them.
| Do You Know? The RBI Monetary Policy Committee kept the repo rate unchanged at 5.25% in its August 3 to 5, 2026 meeting with a neutral stance, the fourth pause in a row. Floating-rate borrowers therefore saw no benchmark change in this cycle. Source: Business Standard, August 2026: |
Fixed or Floating: Which Rate Should You Choose?
Choose floating if you may prepay the loan, because floating-rate personal loans carry zero prepayment charges. Choose fixed if you want an EMI that never changes, but note fixed rates start higher and may carry prepayment charges.
| Factor | Floating Rate | Fixed Rate |
| Starting rate | 10.15% | 10.95% |
| EMI changes with repo rate | Yes | No |
| Prepayment charge | NIL | Up to 3% + GST on digital loans (nil after 36 months) |
| Best for | Borrowers planning early closure | Borrowers wanting fixed budgets |
Also Read: SBI vs HDFC vs ICICI Personal Loan: Interest Rate & Eligibility Comparison 2026
What Is the Bank of Baroda Personal Loan Eligibility?
Bank of Baroda personal loan eligibility requires you to be 21 years or older, have at least 1 year of continuous service or business, and repay the loan before age 60 (salaried) or 65 (self-employed). NRIs and co-applicants are not allowed.
| Criteria | Requirement |
| Minimum age | 21 years |
| Maximum age at loan end | 60 years or retirement age (salaried), 65 years (self-employed) |
| Work experience | 1 year continuous service (salaried); 1 year stable business (self-employed); 2 years for insurance agents |
| Eligible employers | Central/State Govt, PSUs, public and private limited companies, MNCs, trusts, LLPs, educational institutions |
| Account relationship | 6 months satisfactory account; for loans above ₹2 lakh (non-govt), the 6 months must be with Bank of Baroda |
| Not eligible | NRIs/PIOs, Bank of Baroda staff, co-applicant applications |
How Much Personal Loan Can I Get on My Salary from Bank of Baroda?
Bank of Baroda lets your total EMIs use 40% to 75% of your income (FOIR). On a ₹40,000 net salary, your maximum EMI is about ₹16,000, which supports roughly ₹7.25 lakh over 5 years at 11.65%. Existing EMIs reduce this amount.
Under the Baroda Digital Personal Loan, the bank uses this salaried FOIR slab:
| Net Monthly Salary | FOIR Allowed | Max Total EMI | Approx. Loan Supported* |
| ₹25,000 | 40% | ₹10,000 | ₹4.53 lakh |
| ₹40,000 | 40% | ₹16,000 | ₹7.25 lakh |
| ₹60,000 | 45% | ₹27,000 | ₹12.23 lakh |
| ₹1,00,000 | 55% | ₹55,000 | ₹20 lakh (scheme cap) |
| ₹1,50,000 | 60% | ₹90,000 | ₹20 lakh (scheme cap) |
| Above ₹2,00,000 | 65% | 65% of salary | ₹20 lakh (scheme cap) |
Calculated at 11.65% for 60 months with no existing EMIs. The digital loan is capped at ₹10 lakh for existing customers and ₹5 lakh for new customers; the branch-based Baroda Personal Loan goes up to ₹20 lakh. Indicative only; final amount depends on the bank’s assessment.
For the branch-based loan, the FOIR is 75% of gross monthly income for government employees with a BOB salary account, 70% for those with a salary account elsewhere, and 40% to 70% for others.
Also Read: How Much Personal Loan Can I Get on My Salary?
What Is the Minimum CIBIL Score for a Bank of Baroda Personal Loan?
Bank of Baroda requires a CIBIL score of 701 or above for a personal loan. A score of 750+ improves your chances of getting a rate at the lower end of your category.
Also Read: How to Get a Personal Loan with Low CIBIL Score in India (2026)
Bank of Baroda Personal Loan EMI: How Much Will You Pay?
The Bank of Baroda personal loan EMI for ₹5 lakh over 5 years is ₹10,660 at 10.15%, ₹11,097 at 11.90%, and ₹12,561 at 17.50%. For ₹10 lakh over 5 years, EMI ranges from ₹21,321 to ₹25,122.
Bank of Baroda Personal Loan EMI Table (60 Months)
| Loan Amount | EMI @ 10.15% | EMI @ 11.90% | EMI @ 13.90% | EMI @ 17.50% |
| ₹1 lakh | ₹2,132 | ₹2,219 | ₹2,322 | ₹2,512 |
| ₹2 lakh | ₹4,264 | ₹4,439 | ₹4,643 | ₹5,024 |
| ₹3 lakh | ₹6,396 | ₹6,658 | ₹6,965 | ₹7,537 |
| ₹5 lakh | ₹10,660 | ₹11,097 | ₹11,608 | ₹12,561 |
| ₹7 lakh | ₹14,925 | ₹15,536 | ₹16,252 | ₹17,586 |
| ₹10 lakh | ₹21,321 | ₹22,194 | ₹23,216 | ₹25,122 |
| ₹15 lakh | ₹31,981 | ₹33,291 | ₹34,825 | ₹37,683 |
| ₹20 lakh | ₹42,642 | ₹44,388 | ₹46,433 | ₹50,244 |
EMIs calculated using the standard reducing balance formula. Indicative only.
How Does Tenure Change Your EMI? (₹5 Lakh @ 11.90%)
A longer tenure lowers your EMI but raises total interest. Stretching a ₹5 lakh loan from 3 to 7 years cuts EMI from ₹16,583 to ₹8,800 but increases interest from ₹96,998 to ₹2,39,171.
| Tenure | Monthly EMI | Total Interest Paid |
| 12 months | ₹44,401 | ₹32,812 |
| 24 months | ₹23,513 | ₹64,321 |
| 36 months | ₹16,583 | ₹96,998 |
| 48 months | ₹13,142 | ₹1,30,834 |
| 60 months | ₹11,097 | ₹1,65,818 |
| 72 months | ₹9,749 | ₹2,01,936 |
| 84 months | ₹8,800 | ₹2,39,171 |
How Much Does Your Interest Rate Category Cost You?
On a ₹5 lakh, 5-year loan, the gap between the lowest (10.15%) and highest (17.50%) floating rate is ₹1,14,038 in total interest. That is why salary account and CIBIL score matter so much.
| Rate | EMI | Total Interest (5 yrs) |
| 10.15% | ₹10,660 | ₹1,39,628 |
| 11.90% | ₹11,097 | ₹1,65,818 |
| 13.90% | ₹11,608 | ₹1,96,493 |
| 15.50% | ₹12,027 | ₹2,21,596 |
| 17.50% | ₹12,561 | ₹2,53,666 |
Bank of Baroda Personal Loan EMI Formula
EMI = P × r × (1 + r)^n ÷ [(1 + r)^n minus 1], where P is the loan amount, r is the monthly rate (annual rate ÷ 12 ÷ 100) and n is the number of months.
Example: For ₹10 lakh at 10.15% for 84 months, the EMI is ₹16,679 and total interest is ₹4,01,018.
Also Read: ₹10 Lakh Personal Loan: Salary Needed & Eligibility 2026
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*Interest rate subject to eligibility & credit profile. T&C apply.
Bank of Baroda Personal Loan Fees and Charges
Processing fee is NIL for government employees with a BOB salary account and 1% to 2% + GST (₹1,000 minimum, ₹10,000 maximum) for others. Floating-rate loans have zero prepayment charges; late payment attracts 2% p.a. penal charges.
| Charge | Amount (indicative) |
| Processing fee (Govt employees, BOB salary account) | NIL |
| Processing fee (others) | 1% to 2% + GST, min ₹1,000, max ₹10,000 |
| Processing fee (digital loan) | 2% + GST, min ₹1,000, max ₹10,000 |
| Prepayment / foreclosure (floating) | NIL |
| Prepayment (fixed, digital loan) | 3% + GST on prepaid amount; NIL after 36 months |
| Penal charges | 2% p.a. on overdue amount |
| Stamp duty | As per state law |
Example: On a ₹5 lakh loan at 1% processing fee, you pay ₹5,000 + ₹900 GST = ₹5,900. At 2%, the fee hits the ₹10,000 cap, so you pay ₹11,800 with GST.
| Do You Know? RBI’s Pre-payment Charges on Loans Directions, 2025 (Notification RBI/2025-26/64, DoR.MCS.REC.38/01.01.001/2025-26, dated July 2, 2025) bar banks from charging prepayment fees on floating-rate loans to individuals for non-business purposes. The rule applies to loans sanctioned or renewed on or after January 1, 2026. Source: Taxmann, July 2025: |
Also Read: How to Foreclose a Personal Loan
Documents Required for Bank of Baroda Personal Loan
You need PAN, Aadhaar, address proof, last 3 months’ salary slips and 6 months’ bank statements (salaried), or last year’s ITR, P&L, balance sheet and business proof (self-employed). Digital loans only need PAN, Aadhaar OTP and a digital bank statement.
| Document Type | Salaried | Self-Employed |
| Identity proof | PAN, Aadhaar, passport, voter ID, driving licence | PAN, Aadhaar, passport, voter ID, driving licence |
| Address proof | Passport, voter ID, utility bill, registered rent agreement | Passport, voter ID, utility bill, registered rent agreement |
| Income proof | Last 3 months’ salary slips | ITR for last 1 year, computation of income, Form 26AS |
| Bank statement | Last 6 months | Last 6 months |
| Business proof | Not needed | Gomasta licence, registration certificate, GST registration |
| Other | Application form, 3 passport photos, Form 135 (assets and liabilities) | Balance sheet and P&L for last 1 year |
For the digital loan, self-employed applicants need 2 years of ITR and, optionally, 1 year of GST returns, plus a webcam for video KYC.
Also Read: Personal Loan Without Salary Slip: 2026 Eligibility Guide
How to Apply for Bank of Baroda Personal Loan Online: Step-by-Step Process
Visit the official Baroda Digital Personal Loan portal and enter your mobile number and PAN. Share your bank statement digitally and check your offer. Complete video KYC, e-sign with Aadhaar OTP, and the money arrives directly in your account.
Here is how the Bank of Baroda personal loan apply online journey works:
- Open the official portal: Go to Bank of Baroda’s website (bankofbaroda.bank.in) and select Loans > Personal Loan > Baroda Digital Personal Loan > Apply Now. Always use the official domain.
- Register: Enter your mobile number and PAN, then verify with OTP.
- Share income data: Log in through net banking or upload a digitally generated bank statement for the last 6 completed months. Self-employed applicants add ITR (and optionally GST) data.
- View your offer: The system shows the eligible amount, rate and tenure based on your CIBIL score and internal assessment.
- Choose amount and tenure: Select a loan amount between ₹50,000 and your eligible limit, and a tenure of 12 to 60 months.
- Complete video KYC: Use a webcam or phone camera in a well-lit place.
- E-sign and e-stamp: Authenticate the loan agreement using Aadhaar OTP.
- Get disbursal: After documentation, the amount is disbursed directly into your account.
Also Read: Instant Personal Loan Online: How to Get Approval in 10 Minutes (2026 RBI Rules)
How Can Ruloans Help You Compare Personal Loan Offers?
Ruloans is a financial distribution company that helps you compare personal loan offers from 275+ partner banks and NBFCs in one place. Loan approval and disbursal are always done by the matched partner lender.
If your profile falls in Bank of Baroda’s Category A or B, it is worth checking what other lenders offer before you commit. Ruloans brings 25+ years of experience, a presence in 4,000+ cities, more than ₹1.4 lakh crore disbursed through partner lenders, and 21 lakh+ customers served.
You can also compare and apply directly through the Ruconnect App, which matches your profile with suitable partner banks and NBFCs. Ruloans and Ruconnect do not lend their own money; the matched partner bank or NBFC makes the credit decision and disburses the loan.
Also Read: Lowest Personal Loan Interest Rate India 2026: Compare & Apply
How to Get the Lowest Bank of Baroda Personal Loan Interest Rate
Keep your CIBIL score above 750, move your salary account to Bank of Baroda, keep existing EMIs below 40% of income, choose the floating rate, and apply with a single lender at a time to avoid multiple hard enquiries.
- Shift your salary account: A Gold category borrower with a BOB salary account starts at 10.65%, versus 11.15% for the same profile with a salary account elsewhere.
- Build a 6-month relationship: For non-government borrowers, a BOB account relationship moves you from Category A (13.90%) to Category B (11.90%), saving about ₹30,675 in interest on ₹5 lakh over 5 years.
- Improve your CIBIL score: Pay all EMIs and card bills on time and keep credit card use below 30% of the limit.
- Cut existing debt: Lower FOIR improves both eligibility and pricing.
- Choose a shorter tenure: You pay less total interest even if the EMI is higher.
Also Read: How do you Ensure Low Interest Rates for a Personal Loan
Pros and Cons of a Bank of Baroda Personal Loan
| Pros | Cons |
| Rates from 10.15%, among the lowest for govt employees | Private sector borrowers without BOB account start at 13.90% |
| Tenure up to 84 months | Co-applicants not allowed |
| Zero processing fee for govt salary account holders | NRIs not eligible |
| No prepayment charge on floating rate | Account relationship rule for loans above ₹2 lakh |
| Transparent repo-linked pricing | Digital loan capped at ₹10 lakh |
Also Read: Instant Personal Loan Apps vs Traditional Banks: Which Is Better in 2026?
Conclusion
A Bank of Baroda personal loan offers repo-linked rates from 10.15% p.a., tenure up to 7 years, and no prepayment charges on floating-rate loans. That makes it a strong choice for salaried and self-employed borrowers with a good CIBIL score. The rate you actually get depends on your profile, so compare offers before you commit.
Apply for a personal loan with Ruloans today. Compare offers from 275+ partner banks and NBFCs across 4,000+ cities in one place, or apply directly through the Ruconnect App. Final approval, interest rate and disbursal are decided by the matched partner lender.
Money in Minutes
Get a personal loan for any need — quick approval, minimal paperwork, and funds straight to your account.
- Cash from ₹5–10 Lakh*
- Instant approval
- Rates from 10.49% p.a.*
No hidden charges • Trusted by 1M+ borrowers across 4,000+ cities
*Interest rate subject to eligibility & credit profile. T&C apply.
FAQ
Can I get a Bank of Baroda personal loan on a ₹15,000 salary?
Yes, it is possible. At 40% FOIR, a ₹15,000 net salary supports an EMI of about ₹6,000. That works out to a loan of roughly ₹2.72 lakh over 5 years at 11.65% (indicative). On a ₹20,000 salary, the figure rises to about ₹3.63 lakh. Any existing EMIs reduce these amounts.
Can I get a BOB personal loan if I already have a loan with another bank?
Yes, as long as your total EMIs, including the new one, stay within Bank of Baroda’s FOIR limit. The bank counts the higher of your declared EMIs or the EMIs shown in your credit bureau report. It does not rely only on what you declare.
Does applying for a Bank of Baroda personal loan lower my CIBIL score?
A single application creates a hard enquiry, which may lower your score by a few points for a short time. Several loan applications within a few weeks can cause a bigger drop. They can also make lenders see you as credit-hungry.
Does Bank of Baroda offer a lower personal loan interest rate for women?
No. Bank of Baroda’s official personal loan rate card does not list a separate rate for women. Your rate depends on your employer category, where your salary account is held, and your CIBIL score.
Is GST charged on a Bank of Baroda personal loan EMI?
No. Interest on loans is exempt from GST, so your EMI carries no GST. GST at 18% applies only to fees and charges, such as the processing fee.
What is the actual cost (APR) of a Bank of Baroda personal loan?
The APR includes the interest rate plus fees such as the processing charge. Take a ₹5 lakh loan at 11.90% for 5 years with a 1% processing fee plus GST (₹5,900). The effective APR works out to about 12.42% (indicative). Always compare APRs, not just the headline rates, before choosing a lender.
Should I take a Bank of Baroda personal loan or a gold loan?
A gold loan is secured against your jewellery. It usually carries a lower rate, needs little income proof and gets disbursed faster. A personal loan needs no collateral, suits larger amounts and offers longer tenures of up to 84 months. Choose a gold loan for short-term needs if you own gold. Choose a personal loan if you want to keep your gold or need a longer repayment period.
Can I part-prepay my BOB personal loan to reduce EMI or tenure?
Yes. Floating-rate personal loans carry no charge for part or full prepayment. You can usually ask the branch to cut either your EMI or your remaining tenure. Cutting the tenure saves more interest overall.
10. What happens to a Bank of Baroda personal loan if the borrower dies?
The outstanding amount is recovered from the borrower’s estate or from any loan protection insurance linked to the loan. Legal heirs are not personally liable beyond the assets they inherit. For the digital personal loan, Bank of Baroda waives prepayment charges on fixed-rate loans when the account is closed because of the borrower’s death.
Every article on Ruloans is researched, written, and verified by a team of former bankers, certified financial planners, DSA industry veterans, and lending compliance specialists with over 25 years of hands-on experience in India’s loan distribution landscape. From decoding home loan eligibility and EMI planning for borrowers, to guiding DSA partners on commissions, registrations, and building a lending business — our content is grounded in real industry expertise, fact-checked against live RBI guidelines and current bank and NBFC policies, and built to help you make confident financial decisions.
