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Hepson Franklin

Hepson Franklin is a seasoned financial expert and accomplished writer specialising in Financial Services, Investments, Loan Assessments, Mutual Funds, Banking & loan products. With a wealth of experience in the financial industry, he has established himself as a trusted voice, providing invaluable insights and guidance to both seasoned investors and those new to the world of finance. With a comprehensive understanding of the intricate facets of the financial landscape, he is dedicated to demystifying complex financial concepts for readers of all backgrounds.

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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.

The Bank of Baroda Personal Loan for ₹30,000 is a quick and easy credit option. Eligible applicants can expect fund disbursal within 2 days, while pre-approved applicants might secure it in just a few hours. Applicants do not need to provide any assets as collateral or security, making it a more borrower-friendly financial option. Moreover, borrowers can apply and receive funds online, thus eliminating the need to visit bank branches or submit physical documentation. The bank permits individuals to apply for this loan for any financial need without restrictions. Whether it’s for debt consolidation, car repair, medical expenses, major purchases, or even celebrating a special occasion, the bank is equipped to disburse the necessary funds promptly. Scroll down to learn more.

₹30,000 Personal Loan Bank of Baroda – Highlights

The following are the key parameters of a Bank of Baroda personal loan for ₹30,000:

Loan Amount	Rs 30,000
Interest Rates	12.40% to 17.75% p.a.
Loan Tenure	Up to 5 years
Eligibility	Both salaried and self-employed individuals

30,000 Personal Loan EMI for 5 Years

₹30,000 personal loan EMIs from the Bank of Baroda, spanning 1 to 5 years, are as follows:

Loan Tenure	EMI Amount	Interest Payable	Total Amount Payable
1 year	₹2,671	₹2,053	₹32,053
2 years	₹1,418	₹4,028	₹34,028
3 years	₹1,002	₹6,078	₹36,078
4 years	₹796	₹8,204	₹38,204
5 years	₹673	₹10,405	₹40,405

Compare ₹30,000 Personal Loan From Other Banks & NBFCs

Comparing an instant ₹30,000 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
Kotak Mahindra Bank	10.99% onwards	Up to 3% of the loan amount	6 years
Tata Capital	10.99% onwards	3.5% of the loan amount	6 years

30,000 Bank of Baroda Home Loan – Fees and Charges

Below are the relevant fees and charges for a Bank of Baroda personal loan for ₹30,000:

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

30,000 Bank of Baroda Home Loan – Documents Required

To apply for a ₹30,000 personal loan at Bank of Baroda, applicants need to submit the following documents. For proof of identity, valid documents such as Aadhaar Card, PAN Card, or Driving licence are accepted. Proof of address can be established through documents like a Registered Rent Agreement. Bank statements covering the last 6 months serve as proof of income, while salary slips are required to verify employment details.

30,000 Bank of Baroda Home Loan – Eligibility Criteria

To be eligible for a ₹30,000 personal loan from Bank of Baroda, applicants must be aged between 21 and 60, have a stable income covering EMIs, possess at least 1 year of work experience, and maintain a good credit score with a positive repayment history.

Frequently Asked Question (FAQs)

What is the Bank of Baroda's monthly interest on ₹30,000 personal loans?

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

Can I get a ₹30,000 personal loan from the Bank of Baroda?

Yes, you can. But you may be required to meet the eligibility criteria set by the bank.

How do I get a ₹30,000 loan without a salary slip from the Bank of Baroda?

Securing a personal loan without a salary slip from the Bank of Baroda is possible, but you may be required to provide alternative documents to demonstrate your income and creditworthiness.

What is the CIBIL score for a ₹30,000 personal loan at the Bank of Baroda?

The minimum CIBIL score required to get a ₹30,000 personal loan from the Bank of Baroda is 700 or above.