BOB Personal Loan of 25000

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Hepson Franklin
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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Amit Prakash Singh
Amit Prakash Singh
Co-Founder, Square Yards & Chief Business Officer, Urban Money
Amit Prakash Singh is the Chief Business Officer at Urban Money. With over nine years of experience at Square Capital, he has played a crucial role in establishing it as one of India's premier loan advisory services. Amit's deep financial insights and extensive knowledge have driven significant business growth and strategic advancements. He has successfully built and managed large sales teams, optimised costs, and created leaders within the industry. Amit's financial expertise and strategic vision are key to the ongoing success and expansion of Square Yards and Urban Money.

A Bank of Baroda Personal Loan of ₹25,000 is an attractive credit option. Eligible applicants can typically expect fund disbursement within 2 days, along with competitive interest rates and favourable terms. As it falls under collateral-free finance, the applicants are not required to pledge any of their assets as collateral or security. Moreover, the bank is ready to offer the necessary funds for any of your personal needs, including medical emergencies, debt consolidation, home repair, and even buying gadgets. For a complete overview of this borrower-friendly personal loan, continue scrolling down. 

25,000  Personal Loan Bank of Baroda – Highlights

The following are the key parameters of a Bank of Baroda personal loan for ₹25,000:

Loan Amount Rs 25,000
Interest Rates 12.40% to 17.75% p.a.
Loan Tenure Up to 5 years
Eligibility Both salaried and self-employed individuals 

25,000 Personal Loan EMI for 5 Years 

₹25,000 personal loan EMIs from the Bank of Baroda, spanning 1 to 5 years, with an interest rate of 12.40%, are as follows:

Loan Tenure EMI Amount Interest Payable Total Amount Payable
1 year ₹2,226 ₹1,711 ₹26,711
2 years ₹1,182 ₹3,356 ₹28,356
3 years ₹835 ₹5,065 ₹30,065
4 years ₹663 ₹6,837 ₹31,837
5 years ₹561 ₹8,671 ₹33,671

Compare ₹25,000 Personal Loan From Other Banks & NBFCs

Here is the comparison of an instant ₹25,000 loan from Bank of Baroda with other leading banks and NBFCs across India:

Lender Interest Rate (p.a.) Processing Fee Max. Loan Tenure
State Bank of India 10.55% onwards Up to 0.75% of the loan amount 6 years
IDBI Bank 9.50% onwards 1 % of the loan amount 6 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

25,000 Bank of Baroda Home Loan – Fees and Charges

Following are the relevant fees and charges for a Bank of Baroda personal loan for ₹25,000:

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

25,000 Bank of Baroda Home Loan – Documents Required

To apply for a ₹25,000 personal loan from Bank of Baroda, you will need to provide several documents. For proof of identity, acceptable documents include Aadhaar Card, PAN Card, Passport, Voter ID, or Driving License. Proof of address can be established through documents like Passport, Driving License, or a Registered Rent Agreement. Additionally, the bank requires proof of income, which can be demonstrated by submitting a bank statement covering the last 6 months. As part of employment verification, applicants are required to submit their salary slips. Ensuring the submission of these documents is crucial to the loan application process with Bank of Baroda.

25,000 Bank of Baroda Home Loan – Eligibility Criteria

To be eligible for a ₹25,000 personal loan from Bank of Baroda, applicants must meet certain criteria. Individuals must be aged between 21 and 60 years, possess a stable source of income sufficient to cover the loan EMIs, and have a minimum of one year of work experience. Additionally, a favourable credit score and a positive repayment history are essential for loan approval. Meeting these eligibility requirements ensures that applicants are financially stable and have a reliable background, contributing to the bank’s confidence in their ability to repay the loan.

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Frequently Asked Question (FAQs)

What is the Bank of Baroda's monthly interest on ₹25,000 personal loan?

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

Can I get a ₹25,000 personal loan from the Bank of Baroda?

Yes, you can get a ₹25,000 personal loan from the Bank of Baroda as long as you meet the eligibility criteria set by the bank.

How do I get a ₹25,000 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 ₹25,000 personal loan at the Bank of Baroda?

A CIBIL score of 700 or above is typically viewed as ideal by the bank.

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