Bank Of Baroda : Personal Loan
Bank of Baroda is an international bank of India,Bank of Baroda offers a Personal loan Product we compile the information of this personal loan product for your Information
1. Permanent confirmed employees (minimum 1 year service) of
*Central/State Govt/ /Autonomous Bodies/Public/ Joint sector undertakings.
* Reputed Limited companies / MNCs & Educational Institutions.
2. Self Employed Professional
Doctors, Architects, Interior Designers, Engineers, Chartered Accountants, Technical & Management Consultants & practising Company Secretaries only, with a stable business (minimum 1-year).
3. Insurance agents subject to
1. The agent is doing insurance business for the last -5- years
2. The agent has regular and stable income and maintaining SB a/c with our bank for crediting commission cheques received from their principals.
4.How much you can get the loan
* The applicant should have an account /relationship with Bank of Baroda for at least 6 months OR with any other Bank for at least 6 months.
* A minimum amount of Rs. 20000 and a maximum of Rs. 2,00,000 can be availed as the loan amount subject to conditions. The income of spouse can be included if the loan is being applied for jointly.
5.Interest rate and Tenure
* The repayment can be done for up to 48 months (max) with Equated Monthly Instalments. The first instalment should commence one month after the disbursement of loan.
* There is no penalty on the pre-payment of the loan amount. However there is a penalty of 2% on non-payment or late payment of the loan amount.
* Interest at the rate of 16% (fixed) throughout the loan period.
For more details log on to:
http://www.bankofbaroda.com