How to take loan from Bank of Baroda – In today’s time people need money to fulfill their needs. So they try to raise money through various means. Individuals can also meet their needs by taking loans from banks. But they should know the complete process of taking loan from banks.
If you want to start a business, but you do not have enough money, then the facility of loan is provided by the banks. You can start your business by taking a loan from the bank. If your account is in Bank of Baroda and you want to take loan from this bank. So today we will tell you what you have to do to take a loan from Baroda Bank. Will tell you its complete details here.
Read More – How to get a credit card from Bank of Baroda
How to take loan from Bank of Baroda – Overview
|Name of Bank||Bank of Baroda|
|Name of Artical||bank of baroda loan apply|
|Apply Mode||Online /Ofline|
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Brief information –
To take a loan in Bank of Baroda, you have to apply through online or offline mode. Install bob world app in mobile to apply online. After this, go to the loan section and select the digital loan option. Then enter the loan amount and submit it. Now the complete details of the loan you are taking will appear in the screen. Read it carefully and confirm. In this way you can take loan from bob.
We have given below the complete details of taking loan in Bank of Baroda through step by step screenshots. You read it carefully –
How to take loan in Bank of Baroda from mobile
Step-1 Download the Bob world app
If your bank account is in Bank of Baroda. So you can easily take loan through Bob world app from your mobile sitting at home. First of all you have to install Bob world app from play store.
Step-2 Login to the mobile app
Now you have to open the Bob world app. After opening you will be asked for username and password. You have to login by entering username and password.
Step-3 Select the digital loan option
Now a new page will open in front of you, in which you will see the option of digital loan. You have to select the option of that digital loan.
Step-4 Select the personal loan option
Now you will have two options show in front of you. To take a loan in Bank of Baroda, you have to select the option of pre approved micro personal loan above.
Step-5 Select the Process button
Now the credit score of your bank account will be checked by Bank of Baroda. You can take a loan up to Rs. All this will be shown to you on one page. And the option of process will appear below. You have to select the button of that process.
Step-6 Select loan amount
Now you have to select your loan, how much you want to take loan and also select EMI. Like we have told in the screenshot.
Step-7 Accept term and condition
After selecting the loan details, you will be shown your details below. Here you have to select the term and condition and select the process button below.
Step-8 Confirm loan details
Now your loan details have been received. Check it thoroughly that there is no mistake. If all the details are correct, then you have to click on Confirm below.
Step-9 Enter mpin
After clicking on Confirm, you will be asked for mpin. Which is a transaction pin. You have to feel the mpin and click on the ok button.
Step-10 View the loan approved message
After selecting the Ok button, a message will appear in front of you. That your loan has been successfully approved and your loan amount has been sent to your bank account.
Go to the branch of Bank of Baroda and take loan
If you do not want to take loan from Bank of Baroda through online medium. So you can take loan offline also. To take a loan in Bank of Baroda, there should be maximum transactions from your bank account.
So that the bank manager does not hesitate to give you a loan. To avail the loan, you must first visit your nearest Bank of Baroda branch. Visit the branch and collect the form for the loan you wish to avail from the bank manager.
After receiving it, fill the information sought in it. And also attach photo copies of your necessary documents along with that form. With that form if you want to do your business or want to do business. So, put those details together as well. Now submit the prepared form to the bank manager.
Whenever your loan is approved in 2-4 days, money will be added to your bank account by the bank. In this way, you can apply for the loan by visiting the Bank of Baroda branch. (How to take loan from Bank of Baroda)
Read Also – How to Get Personal Loan From HDFC Bank
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Frequently asked questions (FAQs)
What are the documents required to take loan in Bank of Baroda?
Identity Proof:- Your Aadhaar Card or PAN Card or Voter Card or Driving License any one of these documents.
Address Proof :- Ration Card, Passport, Electricity Bill or any other document which verifies your address.
Income Proof :- Your Salary Slip, or Bank Statement of the last 3 months, Accounts of your business for the last two-three months.
Employment Certificate :- You must have employment certificate to verify the last one year employment.
In How Much Time Does The Bank of Baroda Personal Loan Amount Get transferred to your account?
If you take a personal loan in Bank of Baroda. So after applying, the bank immediately transfers your loan amount to your given bank account. For which most of the banks take 5 to 7 working days. You get the loan in Bank of Baroda without paperwork.
What are the benefits of taking a loan from Bank of Baroda?
1. Loan is provided to you at very low interest in Bank of Baroda.
2. To take a loan in Bank of Baroda, you can apply for a loan from anywhere in your home or office, which saves your time.
3. With Bank of Baroda, you can get a personal loan of a large amount up to 10 lakhs.
4. Bank of Baroda gives you loan amount for a longer period so that you can easily repay your loan amount.
Bank of Baroda Loan Customer Care Number
Our IVR self-service support on the toll free nos. 1800-103-1006 / 1800-225-100 is always open for our Bank of Baroda Credit Card customers