BOB Digital Personal Loan EMI Calculation for 1 Lakh

By Anupama Deshpande | May 6, 2024

Bank of Baroda (BOB) is one the largest Public Sector Banks in India which provides a great number of banking and financial services to its customers. It was established in July 1908 and is headquartered in Vadodara, Gujarat. Its customer base is over 15.3 crores and it offers its services to them thorugh a broad network of over 9700 branches and over 10000 ATMs spread across India. One of the products offered by Bank of Baroda is BOB Personal Loan.

As we all know that every person sometimes needs money for his personal work, in such a situation, we have to work very hard to get a loan from any bank that too on an immediate basis. Different banks offer different interest rates on personal loans. Personal loan interest rate mainly depends up on two factors, the credit score of the customer and his income. If the customer is a government employee or works in a well known company and has a good credit score i.e. 700+ then he can get a personal loan with ease and at a lower interest rate.

EMI for 1 Lakh BOB Digital Personal Loan and Interest Calculation

You can apply for BOB Personal Loan by visiting its branch, through its website or through its mobile app. Recently, Bank of Baroda has launched its new mobile app called 'BOB World' which offers you the service of availing BOB Digital Personal Loan sitting at home. This app gives you the facility to get instant personal loan digitally after verifying your personal documents in a few minutes. You can download 'BOB World' with 24/7 banking at your fingertips through Google Play Store.

Personal loan interest rate at BOB starts from 12.90% p.a. onwards. What interest rate will be offered to you by the BOB will depend upon many factors such as,

  • Income
  • Loan Amount
  • Tenure
  • Credit Score
  • Past Repayment History
  • Debt-to-Income Ratio

Now we will check out Rs.1 lakh personal loan EMI from Bank of Baroda (BOB) for various tenures at the interest rate of 12.90% p.a. which is the lowest rate offered by the bank.

Loan TenureEMI Amount
12 monthsRs.8,927
24 monthsRs.4,749
36 monthsRs.3,365
48 monthsRs.2,678
60 monthsRs.2,270

Loan Tenure

Loan Tenure available for BOB Digital Personal Loan is up to 60 months.

This is also to note that there will be a processing fee of 2% of the loan amount (minimum Rs.1,000 & maximum Rs.10,000) will be charged by the bank and applicable GST will also be levied. Stamp Duty as per State Jurisdiction will also be there.

You can use Personal Loan EMI Calculator for calculating home loan EMI more specifically. With its help, you will be able to calculate your monthly EMI payments for different tenures at the interest rate offered to you by the BOB and then make informed decision about your personal loan.

Documents Required: BOB Digital Personal Loan

You have to provide following documents while applying for BOB Digital Personal Loan,

  1. Valid Mobile Number
  2. Aadhar number connected with mobile number
  3. Vlid PAN number
  4. Net Banking Credentials or Digital bank statement for last 6 months
  5. Web Camera for clicking picture and performing Video KYC
  6. ITR e-filing credentials or Digital ITR returns for last 2 years (for self - employed)
  7. GST portal credentials or Digital GST returns for last 1 year (for Self - employed)

Features of BOB Digital Personal Loan

BOB Digital Personal Loan comes with following features,

EligibilityAge of the applicant should be minimum 21 years & maximum 58 years for salaried persons & 65 years for business/ self- employed persons at the end of tenure
Interest Rate12.90% to 18.25%
Loan AmountRs.50,000 to Rs.10 lakhs
Repayment Tenure12 months to 60 months

Other Products offered by Bank of Baroda

Serial NumberLoan Type
1Bank of Baroda Home Loan
2Bank of Baroda Personal Loan
3Bank of Baroda Car Loan
4Bank of Baroda Business Loan
5Bank of Baroda Fixed Deposit
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About Anupama Deshpande
Anupama is a Co-Founder of She is an MBA (Finance) and Chartered Financial Analyst (CFA). She also carries a Fellowship degree in Life Insurance Sector and is a Master of Computer Application (MCA). She is an expert in Finance Field with an experience of over 18 years on different managerial positions in finance industry including Stock Market, Depository and Mutual Fund Sectors. Apart from that she has remained for few years in the field of marketing as well. Her suggestions and advice for investments have been very useful to many people.
Her vast interest & expertise in the field of finance have encouraged her to write the articles so that others can also get benefitted out of them. She never loses any opportunity to learn and be creative. She is a valuable asset for & important resource to all those around her.