Bank of Baroda 1 Lakh Loan: Get ₹1 Lakh Personal Loan Instant – Approval in Just 2 Hours!

If you’re looking for a quick ₹1 lakh personal loan with easy approval, Bank of Baroda Personal Loan can be the perfect choice for you. With lower interest rates, flexible EMIs, minimal paperwork, and a fast digital process, Bank of Baroda (BoB) ensures that your financial needs are met without hassle.

Key Highlights of Bank of Baroda ₹1 Lakh Personal Loan

Particulars	Details
Loan Amount	₹50,000 to ₹20 lakh
Interest Rate	10.90% to 16.00% per annum
Loan Tenure	12 to 60 months
EMI for ₹1 lakh (1 year)	Approx. ₹8,791 (at 12% interest)
Processing Fee	1% – 2% (₹1,000 to ₹10,000)
Approval Time	Within 2 hours (digital application)
Required CIBIL Score	700 or above

Interest Rate & EMI on ₹1 Lakh Personal Loan

If you plan to take a ₹1 lakh loan for a tenure of 1 year (12 months), your EMI will vary as follows:

Interest Rate	Monthly EMI	Total Repayment
10.90%	₹8,796	₹1,05,552
12.00%	₹8,791	₹1,05,492
14.00%	₹8,923	₹1,07,076
16.00%	₹9,055	₹1,08,660

Eligibility Criteria Apply for Bank of Baroda ₹1 Lakh Loan?

• Age: 21 to 60 years
• Monthly Income: Minimum ₹15,000
• Employment Type:
• Salaried (Government/Private sector)
• Self-employed (Business owners, Doctors, CAs, Lawyers, etc.)
• CIBIL Score: 700+ preferred

Documents Needed for Bank of Baroda Personal Loan

• To get your ₹1 lakh loan approved swiftly, keep these documents ready:
• Identity Proof: Aadhaar Card / PAN Card / Passport
• Address Proof: Aadhaar Card / Electricity Bill / Ration Card
• Income Proof:
• Salaried: Last 3 months’ salary slips + 6 months’ bank statement
• Self-Employed: Last 2 years’ ITR + 6 months’ bank statement

How to Get Bank of Baroda ₹1 Lakh Loan in Just 2 Hours?

• Visit the official Bank of Baroda website or download the BOB World App.
• Click on “Apply for Personal Loan.”
• Select ₹1 lakh as the loan amount and 1-year tenure.
• Complete eKYC using Aadhaar and PAN.
• Upload your bank statement and salary slips.
• Submit your loan application.
• Once approved, the amount will be credited to your account within 2 hours!

Bank of Baroda vs Other Banks and NBFCs

Lender	Interest Rate	Loan Amount	Approval Time
Bank of Baroda	10.90% – 16%	₹50,000 – ₹20 lakh	2 hours
SBI	11.00% – 15.30%	₹50,000 – ₹15 lakh	4 hours
HDFC Bank	10.50% – 17%	₹50,000 – ₹40 lakh	1 day
Bajaj Finserv	12.99% – 24%	₹50,000 – ₹25 lakh	5 minutes
MoneyTap	13% – 36%	₹5,000 – ₹5 lakh	10 minutes