What are the Bank of Baroda Personal Loan Eligibility Criteria?

The Bank of Baroda personal loan eligibility criteria are similar to those of other banks. The applicant needs to be working or doing business, be 21 years of age or older and fulfil other requirements. I had availed of a personal loan a few years back so I can share the entire list of requirements here.

What is the Bank of Baroda Personal Loan Criteria?

The personal loan eligibility Bank of Baroda is as follows:

• The applicant must be an employee of the central or state government/autonomous body/public/joint sector, or public limited companies/MNCs and educational institutions

• The applicant must have a minimum of continuous service for 1 year in case of the above-mentioned employees or private limited companies employee

• Insurance agents wanting to avail of a loan should have a minimum of experience of 2 years

So note that staff members and NRI/PIO are not eligible to apply for a personal loan here

• Applicants will be considered on an individual basis only and no co-applicants will be allowed to apply for a personal loan in BoB

• The borrowers should be 21 years old or above

• The maximum age of the borrowers should not exceed 60 years or retirement age (for salaried persons) and 65 years or retirement age (for non-salaried persons)

So these are the mandatory eligibility criteria that an individual needs to fulfill to apply for a personal loan in BoB. 

You can apply for a personal loan in the Bank of Baroda by following a few steps like:

• Visit the

  BoB portal

• Tap on the option Apply Online

• Read the terms and click on Proceed

• Enter your mobile number and then the OTP you received

• Proceed with the personal loan application next and your request will be processed

I hope you have understood what are the Bank of Baroda personal loan eligibility criteria. You can visit the above-mentioned portal and learn more about it.

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