BOB Personal Loan of 10000

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Utsah Sharma

Utsah Sharma is a seasoned financial expert with a Master’s Degree in Commerce specialising in Financial Services, Investments, Loan Assessments, Mutual Funds, Banking & Loan products. Drawing on her experience, she has established herself as a trusted voice, providing invaluable insights and guidance to seasoned investors and beginners. She is committed to breaking down the complexities of everything finance.

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Piyush Bothra

Chief Financial Officer, Square Yards

Piyush Bothra is the Chief Financial Officer at Square Yards, bringing over two decades of rich experience in finance and leadership. He is an MBA graduate from the prestigious IIM Lucknow and holds a BE in Information Technology from Sardar Vallabhbhai Patel Institute of Technology. He has played pivotal roles in scaling businesses and driving financial strategies. At Square Yards since 2015, Piyush is known for his strategic vision, strong financial knowledge, and valuable financial insights, significantly contributing to the company's growth and success.

When it comes to personal loans, the Bank of Baroda recognises the significance of transforming your aspirations into reality. We provide personal loans designed to suit your unique requirements, empowering you to seize any opportunity. A sum of 10,000 is ample to address unforeseen circumstances. Our customer-centric approach guarantees a smooth, transparent borrowing journey, featuring competitive interest rates and flexible repayment choices. Let’s delve into the specifics of the Bank of Baroda 10,000 personal loan.

Bank of Baroda 10,000 Personal Loan – Highlights

Here is a quick snapshot of the Bank of Baroda 10000 Personal Loan.

Maximum Amount	Rs. 20 lakhs
BOB Personal Loan Interest	Starting at 10.35% p.a.
Type of Interest Rate	Fixed and Floating
Loan Tenure	Up to 7 years
Collateral Requirement	NIL

Bank of Baroda 10,000 Personal Loan EMI for 1- 5 & 10 Years

The table below pertains to the Bank of Baroda 10000 Personal Loan EMI schedule for a tenure of one to five and ten years. The interest rate and EMIs are tentative of what an applicant might incur.

Loan Amount	Interest Rate	Loan Tenure	EMI
10,000	10.50%	1 Year	881
10,000	10.50%	2 Year	464
10,000	10.50%	3 Year	325
10,000	10.50%	4 Year	256
10,000	10.50%	5 Year	215
10,000	10.50%	6 Year	188
10,000	10.50%	7 Year	169

Compare Bank of Baroda 10,000 Personal Loan 10,000 from Other Banks & NBFC

The table below compares Bank of Baroda’s 10000 personal loans with other banks and lending institutions. The comparison includes the interest rates and maximum loan tenure.

Lender	Interest Rate (p.a.)	Maximum Loan Tenure
Bank of India	10.25% onwards	Seven years
State Bank of India	10.55% onwards	Six years
Citibank	10.75% onwards	Five years
TATA Capital	10.99% onwards	Six years
Bajaj Finserve	11% onwards	Eight years

Bank of Baroda 10,000 Personal Loan – Fees and Charges

Here are the additional fees and charges the applicant must pay for a Bank of Baroda 10,000 personal loan.

Processing Fee: Typically ranges from 1-2% of the loan amount, plus Goods and Services Tax (GST). Notably, government employees holding a salary account with the Bank of Baroda are exempt from processing fees.
Goods and Services Tax (GST): A standard 18% GST applies to all services related to the loan.
Penal Interest: A penalty of 2% is levied on the outstanding loan amount in case of delays in repayment.
Other Charges: Additional fees, including stamp duty, verification charges, and similar expenses, may be applicable during the loan process.

Bank of Baroda 10,000 Personal Loan Documents

To complete the loan application process for a Bank of Baroda 10000 personal loan, the following documents are required:

Duly fill out the Loan Application Form Accompanied by three passport-size photographs.
Form 135: Provides details of liabilities and assets, which should be submitted along with the application.

Financial Records:

Last six months’ bank statements.
Updated passbook.

ID Proof (Any of the following):

PAN card.
Aadhar card.
Voter ID.
Driving license.
Passport.
Employee ID issued by the organisation.
Practice certificate.
Identity documents issued by relevant professional bodies such as ICFAI, ICAI, and ICWA.

Address Proof (Any of the following):

Passport.
Voter ID.
Driving license.
Postpaid utility bills (gas and electricity bills).
Updated passbook or bank account statement.
Registered rent agreement.

Bank of Baroda 10,000 Personal Loan Eligibility

The above eligibility criteria must be met for interested applicants for a Bank of Baroda 10000 personal loan.

The minimum age of an applicant must be at least 21 and above
For salaried applicants, the borrower’s age and repayment period must be at most 60, whichever is lower.
For non-salaried applicants, the borrower’s age plus repayment period should be at most 65 years, whichever is lower.