Do you want to apply for a loan online from home? If yes, then this article will prove to be very useful for you. Bank of Baroda has started a new online loan application process for the convenience of its customers, through which you can apply for a loan from home. In this article, we will tell you in detail about the Bank of Baroda Loan 2025 program. We will tell you how you can apply for a loan online from home, what documents are required for this, and what are the benefits of this loan. So let’s get started and know everything about Bank of Baroda Loan 2025.
What is Bank of Baroda Loan
Bank of Baroda Loan 2025 is a new and innovative loan program that allows customers to apply for a loan online from the comfort of their homes. This program offers various types of loans, such as home loans, personal loans, car loans, education loans, and business loans.
| Description | Information |
| Program Name | Bank of Baroda Loan 2025 |
| Types of loans | Home Loan, Personal Loan, Car Loan, Education Loan, Business Loan |
| Application Process | Online |
| minimum age | 21 years |
| Maximum Age | 70 years |
| Minimum income | ₹15,000 per month |
| interest rate | 7.5% to 14% (depending on loan type) |
| Processing Fees | 0.5% to 2% of the loan amount |
Types of Bank of Baroda Loan
1. Personal Loan
- Loan amount: ₹1 lakh to ₹20 lakh
- Tenure: 12 months to 84 months
- Interest Rate: Starting from 11.05% p.a.
- Processing fee: 1% to 2% of the loan amount
2. Home Loan
- Loan amount: ₹5 lakh to ₹5 crore
- Tenure: Up to 30 years
- Interest Rate: Starting from 7.5% per annum
- Processing fee: 0.5% of loan amount
3. Car Loan
- Loan amount: Up to 90% of the car price
- Tenure: Up to 7 years
- Interest Rate: Starting from 8.5% per annum
- Processing fee: 0.5% of loan amount
4. Education Loan
- Loan amount: Up to ₹30 lakh for studies in India, up to ₹50 lakh for studies abroad
- Tenure: Up to 15 years
- Interest Rate: Starting from 10.25% p.a.
- Processing Fee: No processing fee
5. Business Loan
- Loan amount: ₹1 lakh to ₹2 crore
- Tenure: 12 months to 84 months
- Interest Rate: Starting from 12% per annum
- Processing fee: 1% of the loan amount
Eligibility Criteria for Bank of Baroda Loan
- Age: Applicant’s age should be between 21 to 70 years.
- Income: The applicant must have a minimum monthly income of ₹15,000.
- Employment Status: The applicant must have a regular job or stable occupation.
- Credit Score: Must have a good credit score (700 or above).
- Citizenship: The applicant must be an Indian citizen.
Documents Required
- Identity Proof (Aadhaar Card, PAN Card, Passport, Voter ID)
- Address Proof (Aadhar Card, Electricity Bill, Telephone Bill)
- photo ID
- Recent passport size photograph
Additional documents for salaried employees
- Last 3 Months Salary Slip
- Bank statement for last 6 months
- Copy of Form 16 or Income Tax Return
Additional documents for self-employed persons
- Income Tax Returns of last 2 years
- Audited Balance Sheet and Profit & Loss Account for the last 2 years
- Bank statement for last 6 months
- business registration certificate
Online Application Process for Bank of Baroda Loan
- Visit the official website of Bank of Baroda.
- Click on the “Loan” section on the homepage.
- Select your desired loan type.
- Click on “Apply Online” button.
- Fill in your personal details, income details, and employment details.
Read More: SBI Shishu Mudra Loan Yojana Bank is giving loan of ₹ 50,000 to start a business
- Scan and upload the required documents.
- Review and submit the application form.
- Pay the application fee (if any).
- Save the application number to know the status of your application.
Benefits of Bank of Baroda Loan
- Online Application: You can apply for a loan from your smartphone or computer while sitting at home.
- Faster Processing: Since the application is online, the loan processing time is reduced significantly.
- Less documentation: This program requires you to submit fewer documents, which makes the process even easier.
- Low Interest Rates: Bank of Baroda offers competitive interest rates to its customers.
- Flexible EMI: You can choose the EMI as per your convenience.
- Pre-approved loans: Some customers also get the facility of pre-approved loans.
Source & Reference: https://samvednaup.in/bank-of-baroda-loan-online-apply-2025/