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BOB 10 Lakh Personal Loan: घर बैठे पाये ₹10 लाख का लोन चुटकियों में बिना किसी दस्तावेज की, जानें पूरा प्रोसेस Step by Step

By SANJEET KUMAR

Updated on:

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BOB 10 Lakh Personal Loan: Bank of Baroda offers digital personal loans to Indian individuals, with a maximum online loan amount of 10 lakh. Personal loans can be used for various things, such as unexpected financial emergencies, medical and educational costs, vacations, festivals and family gatherings, home improvement projects, and more. Check out Bob’s digital personal loan program if you’re also interested in a fast personal loan. Today, we’ll go over the requirements for eligibility, a list of necessary papers, the online application process, and other elements of the Bank of Baroda digital personal loan, all of which will be useful to you if you decide to apply for one.

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BOB Personal Loan of 10 Lakh

Because the bank offers its current clients up to a 10 lakh rupee loan, the Bank of Baroda personal loan scheme benefits both new and existing clients. But, if you’re a brand-new client of Bob’s, you may also apply online for a personal loan of 5 lakh rupees. Starting at 12.40%, the interest rates can go up or down based on the applicant’s circumstances. When applying for a personal loan from the Bank of Baroda, you must pay 2% processing fees plus extra GST based on the requested amount.

BOB 10 Lakh Personal Loan

Qualifications for a Ten-Lakh Personal Loan from Bank of Baroda

  • Only Bank of Baroda clients, both current and prospective, are eligible to apply for a personal loan from the bank.
  • The applicant must be at least 21 years old, while the maximum age limit for paid individuals is 58, and for self-employed applicants, it is 65.
  • The applicant’s credit score must be high to receive the maximum loan amount.

Documentation Needed for a BOB 10-Lakh Loan

  • Aadhar card of the candidate. The Aadhar card and the bank account’s cellphone number need to be connected for OTP verification.
  • PAN Card information
  • The previous six months’ digital bank statements
  • ITR over the last two years for self-employed
  • Self-employed people’s GST return from the previous year.
  • Pay slip for an employee with a salary.

In addition to the paperwork above, the applicant needs a strong cellphone camera for video KYC and reliable internet access.

Online personal loan application process offered by Bank of Baroda

You can apply online for a personal loan of up to 10 lakh rupees from the Bank of Baroda using the technique above if you fit all the requirements and have the necessary paperwork.

  • Navigate to the Bank of Baroda website on your desktop or mobile device. Additionally, you can visit the official website directly by clicking this link: https://www.bankofbaroda.in/
  • You will now be taken to a new page, where you must choose the Bank of Baroda digital personal loan by clicking on the personal loan link.
  • Following that, you will see a new dashboard. To apply online, click the link there.
  • The application, where you must enter your personal information and employment status, will appear when the system asks for your mobile phone, where you will obtain an OTP.
  • Next, upload every document.

After completing all the required information, you must click the video KYC link to have your mobile device’s camera open and take a picture of yourself for KYC. Once you complete the necessary information, your application will be approved, and you will get the loan amount shortly once the Bank of Baroda staff has finished verifying it. You might initially be given a small loan amount if you are a new customer. However, the company will raise the maximum loan amount for your application after several meetings with all of the EMIs, and you can then request up to 10 lakh.

Sanjeet Kumar is a graduate of Journalism, Psychology, and English. Passionate about communication - with words spoken and unspoken, written and unwritten - he looks forward to learning and growing at every opportunity. Pursuing a Post-graduate Diploma in Translation Studies, he aims to do his part in saving the 'lost…

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