BANK OF BARODA PARSANL LON CHEK PARSANL LON EN T

Nil for government employees maintaining a salary account.
1% to 2% of the loan amount (plus GST) for others, with a minimum of ₹1,000 and a maximum of ₹10,000.

Table of Contents

Loan Amount: ₹1 lakh to ₹20 lakh, depending on the applicant’s occupation and relationship with the bank.

Interest Rates: Competitive rates, with options for both fixed and floating rates.

Repayment Tenure: Flexible terms ranging from 12 to 84 months.

Processing Fees:Nil for government employees maintaining a salary account.

1% to 2% of the loan amount (plus GST) for others, with a minimum of ₹1,000 and a maximum of ₹10,000.

Prepayment: No prepayment charges, allowing borrowers to pay off the loan early without additional

To qualify for a BoB personal loan, applicants must meet the following criteria:

Age:
- Minimum: 21 years.
- Maximum: 60 years for salaried individuals and 65 years for self-employed individuals at the end of the loan tenure.
Employment:
- Salaried employees with at least 1 year of continuous service.
- Self-employed professionals (e.g., doctors, engineers, architects) with at least 1 year of stable business.
- Self-employed businesspersons with at least 1 year of stable business.
Credit Score: A credit score of 701 or higher is typically required.
Co-Applicant: Not permitted; applications are considered on an individual basis.

📄 Required Documents

Applicants should be prepared to submit the following documents:

Identity Proof: Aadhaar Card, PAN Card, or Voter ID.
Address Proof: Recent utility bills or passport.
Income Proof:
- Salaried individuals: Recent salary slips and bank statements.
- Self-employed individuals: Income Tax Returns (ITR) for the last 2 years, balance sheet, and profit & loss statement.
Business Proof (for self-employed): Business registration documents and GST returns.

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