Bank of Baroda Personal Loan Details [Interest Rate, Processing Fees, Tenure, Prepayment Charges 2022]

By | October 31, 2023


About Bank of Baroda: Bank of Baroda is an Indian corporate bank providing banking and financial services. The company has more than 153 million customers in 18 countries. This bank was founded by Maharaja Sayajirao Gekward III in his 1908 year. We are proud to be a symbol of hope and energy. The bank is classified as a commercial public sector undertaking (PSU).

The Bank has implemented a number of customer-centric initiatives using new approaches. These include NRI Specialty Branches, Gen-Next Branches, Retail Loan Factory and SME Loan Factory. To speed up loan disbursements, banks have adopted an assembly line approach.

Bank of Baroda offers a number of products to suit the needs of its customers. These include prepaid cards, reloadable virtual prepaid cards, credit and debit cards, health and life insurance, custodial services, DigiNext cash management services, merchant payment solutions, and more.

Head office: The registered head office of the bank is at Mandvi, Vadodara. The head office of the bank is in Dutt Road, Vadodara. The corporate office of the bank is located in Bandra, Mumbai.

Number of employees: Currently, 78,093 employees are working under the Bank of Baroda globally. Sanjiv Chadha is the Managing Director & CEO, and Dr. Hasmukh Adhia is the Non-Executive Chairman.

Number of Branches & ATM: Bank of Baroda has a total of 8185 branches in India and a combined 8537 global branches spread in 18 countries.

Interest rate: 10.40% to 16.00% per year.

Loan amount: up to Rs.15 million.

Maximum term: 5 years.

Processing fee: 2% (Rs 1,000-10,000) + GST.

Upfront Fee: NA.

Minimum monthly fee salary/annual business income: Depends on loan amount requirements

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