Banks give different types of loans to meet the needs of people. These include home loans, car loans, and education loans. But there is another type of loan called a personal loan. Customers usually take a personal loan to meet their personal needs. Before taking a personal loan, it is important to compare interest rates from different banks.
In this report, we will talk about personal loans from Bank of Baroda (BOB), one of the government banks in India. Bank of Baroda gives personal loans to customers at good interest rates. Let’s know more about the interest rates of this bank.
Bank of Baroda Personal Loan
Bank of Baroda (BOB) is a government bank. BOB gives personal loans to its customers at good interest rates. Customers can take personal loans from this bank. The starting interest rate for a personal loan from BOB is 10.40%. This rate may change depending on the customer’s CIBIL score, income, and loan amount.
Bank of Baroda presents: DIGITAL GOLD & SILVER PERSONAL LOAN! ✨
Celebrate special moments without financial worries!
Exclusively for salaried employees of Government, PSU, top-rated listed companies, and premier educational institutions – Bank of Baroda offers a seamless… pic.twitter.com/wx3N6JzDCv— Bank of Baroda (@bankofbaroda) July 9, 2025
Bank of Baroda has increased its personal loan portfolio by 60% YOY, double the rate of industry and even more. One thing is keeping lower interest rate but is it stable.
And as per NPA highest comes from MSME and Agriculture with having 48% and 30% respectively. pic.twitter.com/Un6h1AwRgr
— Anil Kumar (@AnilKum12979258) March 6, 2024
Monthly EMI on a ₹10 Lakh Personal Loan
If a customer takes a personal loan of ₹10 lakh for 7 years at 10.40% interest from BOB, the EMI will be ₹16,809 per month. In 7 years, the customer will pay a total of ₹14,11,922. Out of this, ₹4,11,922 will be paid as interest.