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Baroda Personal Loan / Soft Loan
Bank of Baroda offers Personal Loan for your personal needs like
Purchases of consumer durable like Television, Washing Machine, Refrigerator etc.
Purchase of Personal Computer
Meeting personal requirement like wedding, education, medical etc
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Eligibility
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Loan Amount
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Margin Contribution
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Repayment Period
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Fees and Charges
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Terms & Conditions
All tax payer individuals who are having permanent employment for at least three years or registered with relevant authorities in case of Self Employed / small business.
Secured Loan - In case of loan for purchase of consumer durable, personal computer the loan can be given up to 70% of purchase price with a maximum amount of $10,000.00
Unsecured Loan- Loan for any other purpose for which no acceptable security is available, maximum $2,000.00.
Secured Loan - 30%
Unsecured Loan - Nil
Secured Loan - can be repaid in maximum 48 monthly installments
Unsecured Loan - can be repaid in maximum 24 monthly installments
For Fees and Charges Click here
- Supporting document for income is to be submitted along with application.
- comprehensive insurance to cover the item financed.
- Personal Guarantee from an individual acceptable to Bank
- Bill of Sale for Prime Security in favour of Bank wherever applicable.
- Repayment shall start from the subsequent month of loan disbursement as per agreed schedule.
- Terms and Conditions apply
