Bank of Baroda Apply Online Loan

By | April 15, 2024

Bob’s personal loans have interest rates starting at 10.10% per annum, and the interest rate is calculated on a daily reducing basis. The loan has a flexible tenure of up to 84 months, and the loan offers both fixed and floating interest rate options.

Bank of Baroda (Bob) offers a variety of loans through the bob World and Baroda Connect app, including:

  • Home loans: For buying an apartment, building a house, or renovating your home
  • Pre-owned car loans: For owning your dream car
  • Personal loans: For any purpose, including temporary liquidity mismatch due to COVID-19
  • Business loans: Conventional and non-conventional loans for business growth
  • Working capital loans: For corporations to meet operating expenses, purchase inventory, and receivables financing.
To be eligible for a personal loan, you must meet the following criteria:
  • Be at least 21 years old
  • Be gainfully employed or self-employed
  • Have sufficient income to repay the EMI of the loan
  • Have a CIBIL score above 701 

The minimum loan amount is Rs. 50,000 for existing to bank (ETB) customers, Rs. 5 lakhs for new to bank (NTB) customers, and Rs. 5 lakhs for new to credit (NTC) customers.

Baroda Loan to Pensioners : Eligibility

*For more information kindly visit nearest Bank of Baroda branch


For any purpose other than speculation.

Eligibility Borrowers

  • Pensioners/ family pensioners drawing pension through our Bank’s branches.
  • Pensioners who are getting their pension disbursed through Treasury/DPDO (Defence Pension Disbursing Office) directly to the credit of their savings accounts with our branches.
  • Pensioners/ Family Pensioners of our Bank.
    Family Pensioner: Spouse authorized to receive pension after the death of the pensioner.

Pensioner should be drawing pension through the branch for at least last -3- months and conduct of his/her account should be satisfactory i.e., no return of cheques for financial reasons.


Applications to be considered on individual basis only. Co-applicants not to be allowed.Age

  • Minimum: 21 years
  • Maximum:75 years

Quantum of Finance

Limit is stipulated based on the classification of Pensioner.

Notification Click Here
Official Website Click Here

Regular Pensioners:

  • For age upto 70 years :Rs.8.00 Lacs
  • For age above 70 years : Rs.5.00 Lacs

For Family pensioner:

  • For age upto 70 years :Rs.3.00 Lacs
  • For age above 70 years : Rs.1.50 Lacs

Baroda Loan to Pensioners : Interest rates & charge

Unified Processing Charges:

  • Pensioners / Family Pensioners of our Bank: Nil
  • Others: Rs.1,000/-+GST

Foreclosure charges:

  • There are no foreclosure charges.

Penal interest:

  • Penal interest @2% shall be levied on loan outstanding amount

Pension makes living easy for retired people; however, an emergency can strike at any point in life, even after retirement, and a pension may not suffice the emergency financial need. During such times, the Bank of Baroda’s pension loan is a safe choice for retired people. With our personal loan for pension holders, you can easily meet your financial goals and emergency cash requirements during retirement. It’s safe to say that our personal loan to pensioners offers them much-needed financial support in times of need. So, apply for our pensioner loan online and live a stress-free retirement period.

This is not professional financial advice. Consulting a financial advisor about your particular circumstances is best.

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