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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.

The cost of living in India is rising beyond expectations. Nevertheless, we can’t simply stop spending on what we need when funds are limited. In such cases, consider adding the Bank of Baroda personal loan of ₹15,000 to your list. Whether it’s for an unexpected medical emergency, travel expenses, big purchases, paying utility bills, or even celebrating a loved one’s birthday party, this loan can offer a helping hand. However, there are certain things you should be aware of before initiating your loan application. These include details such as the applicable interest rate, required documentation, eligibility criteria, expected EMI, and other associated fees. Let’s scroll down to learn more.

15,000 Personal Loan Bank of Baroda – Highlights

The following are the key parameters of a Bank of Baroda personal loan for ₹15,000:

Loan Amount	Rs 15,000
Interest Rates	12.40% to 17.75% p.a.
Loan Tenure	Up to 5 years
Eligibility	Both salaried and self-employed individuals

15,000 Personal Loan EMI for 5 Years

₹15,000 personal loan EMIs from the Bank of Baroda, spanning 1 to 5 years, are as follows:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Interest Payable	Total Amount Payable
₹15,000	12.40% p.a.	1 year	₹1,336	₹1,026	₹16,026
₹15,000	12.40% p.a.	2 years	₹709	₹2,014	₹17,014
₹15,000	12.40% p.a.	3 years	₹501	₹3,039	₹18,039
₹15,000	12.40% p.a.	4 years	₹398	₹4,102	₹19,102
₹15,000	12.40% p.a.	5 years	₹337	₹5,202	₹20,202

Compare 15,000 Personal Loans From Other Banks & NBFCs

Let’s compare an instant ₹15,000 loan from Bank of Baroda with other leading banks and NBFCs across India:

Lender	Interest Rate (p.a.)	Processing Fee	Max. Loan Tenure
Bank Of Baroda	12.40% onwards	Up to 2% of the loan amount	5 years
Axis Bank	10.49% onwards	Up to 2% of the loan amount	7 years
HDFC Bank	10.50% onwards	Upto Rs 4999	6 years
Union Bank	10.60% onwards	0.50% of the loan amount	6 years
State Bank of India	10.55% onwards	Up to 0.75% of the loan amount	6 years

15,000 Bank of Baroda Home Loan – Fees and Charges

Let’s examine the relevant fees and charges for a Bank of Baroda personal loan for ₹15,000:

Fee/Charge	Amount
Processing Fee	1% to 2% of the loan amount
Prepayment Charges	2% to 4% of the prepaid amount

15,000 Bank of Baroda Home Loan – Documents Required

₹15,000 personal loan documents at Bank of Baroda are as follows:

Proof of Identity: Aadhaar Card, PAN Card, Passport, Voter ID or Driving Licence..
Proof of Address: Passport, Driving Licence,, or Registered Rent Agreement.
Proof of Income: Bank statement covering the last 6 months
Proof of Employee: Salary slips.

15,000 Bank of Baroda Home Loan – Eligibility Criteria

₹15,000 personal loan eligibility in Bank of Baroda is as follows:

You must be between 21 and 60 years old.
You must have a stable source of income that covers the loan EMIs.
You must have at least one year of work experience.
You must have a good credit score and a good repayment history.

Frequently Asked Question (FAQs)

What is the Bank of Baroda's monthly interest on a ₹15,000 personal loan?

The monthly interest rate for the Bank of Baroda personal loan ranges between 1.03% and 1.48% per month.

Can I get a ₹15,000 personal loan from the Bank of Baroda?

Anyone who meets the bank’s specific eligibility criteria and submits all the necessary documents to support their eligibility can get a ₹15,000 personal loan from the Bank of Baroda.

How do I get a ₹15,000 loan without a salary slip from Bank of Baroda?

Getting a personal loan without a salary slip from the Bank of Baroda is viable. However, you may need to provide alternative documents that showcase your income and creditworthiness.

What is the CIBIL score for the ₹15,000 personal loan at the Bank of Baroda?

A CIBIL score of at least 700 or above is typically required to be eligible for a ₹15,000 personal loan from the Bank of Baroda.