Personal Loan EMI Calculator
Personal Loan EMI Calculator
  • Loan Amount:

    10000
    1500000
    500000
  • Rate of Interest (%):

    5%
    18%
    10.70
  • Loan Terms (monthly):

    12
    84
    60
  • Equated Monthly Installment (EMI) will be

  • Benefits
  • Features
  • Eligibility
  • Documents Required
  • Fees & Charges
  • Terms and Conditions

bob Insta Personal Loan : Benefits

  • Pre-Qualified loan offer up to Rs. 15 Lacs
  • Specially tailored for Existing to Bank (ETB) customers
  • No requirement of Income proof/bank statement
  • Straight through Process (STP) journey till disbursement.
  • Concessional Rate of Interest for Government employees.

bob Insta Personal Loan : Features

  • Product Type: Digital Personal Loan (Demand Loan/ Term Loan)
  • Purpose: For any purpose other than speculation
  • Age Criteria: Minimum: 21 Years Maximum: 57 years
  • Loan Limit: Minimum Rs. 50,000/- to Maximum Rs. 15,00,000/-
  • Repayment Period: 36 Months to 60 Months
  • Rate of Interest: Starting from 10.65% (at present)
  • Processing Charges: 2% of Loan amount (excl. GST); Maximum Rs. 15000/- (excl. GST) *Special concessions in processing Charges for Government employees.
  • Option to opt either Fixed rate of Interest or Floating rate of Interest regime

bob Insta Personal Loan : Eligibility

  • Individuals having Savings bank account with our bank.
  • Please Note:
    a) Staff members/ NRIs/ PIO/ Non-individuals are not eligible
    b) Co-Applicant not allowed

bob Insta Personal Loan : Documents Required

  • Valid Mobile number registered with Bank account
  • Aadhar Number for E-stamping/E-signing of Documents
  • Web camera for clicking pictures and Performing video KYC

bob Insta Personal Loan : Fees & Charges

  • Processing Charges: 2% of Loan amount (excl. GST); Maximum Rs. 15000/- (Exclusive of GST)
  • Prepayment Charges:
    Floating Rate of Interest Fixed Rate of Interest
    Nil 3% + GST on amount pre-paid during the first 3 years of loan period.
  • Penal charges: Penal Charges @ 2% p.a. will be charged on the amount of default for Delayed payment of dues including Principal, interest, service charges, bills overdue etc.
    NOTE: Penal charges will be applied solely to overdue payments (instalments and/or interest/service charges etc.), for the period they remain unpaid beyond their due date. Penal charges will be calculated based on the actual number of days of default but will be debited on a monthly basis.
  • Penal Charges @ 2% p.a. will be charged on the outstanding balance of credit facilities of borrower for the default period for following nature of non-compliance:
    a. non-submission of documents as per sanction terms
    b. Non-compliance in security perfection as per sanction terms.

bob Insta Personal Loan : Terms and Conditions

  • The validity of the application process is stipulated as -30- days from the initiation of the application. The process till loan account opening is to be completed within that period.
  • Bureau score cut off defined as per product features.
  • Field Inspection for Employment/Residence verification applicable*
  • Upfront recovery of Stamp duty charges (varying from state to state).
  • Indicative loan limit basis pre-defined internal criteria.
  • Final loan limit derived basis current loan obligations.
  • Sanctioning of applications basis internal scoring criteria.

Frequently Asked Questions (FAQs)

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    22 Feb 2022
    Bank of Baroda Personal Loans - Instant Zaroorat Aapki, Jhatpat Saath Hamara
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