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Bank of Baroda : Offering instant loan up to ₹2 lakh from 10 February 2025.

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Bank of Baroda has launched a new facility to provide instant loan up to ₹2 lakh for its customers from 10 February 2025. Under this scheme, you can get a quick loan without any guarantee, which will be transferred to your account in just 10 minutes.

Key Features:

Loan amount: ₹50,000 to ₹2 lakh.

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Interest rate: 11% to 18% per annum, which will depend on your credit status, loan amount and tenure.

Loan tenure: 12 to 60 months.

Process: Completely online, thereby eliminating the need to visit the branch.

Eligibility:

Indian citizenship.

Age between 21 to 60 years.

Active account with Bank of Baroda.

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Minimum credit score of 650.

Source of stable income.

Documents required:

Aadhaar card.

PAN card.

Income proof (like salary slip or bank statement).

Bank account details.

Application Process:

Visit the official website of Bank of Baroda.

Fill the loan application form, which will include personal and income related information.

Upload the required documents.

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Submit the application.

If you are eligible and your documents are correct, the funds will be transferred to your account within 10 minutes after loan approval.

For more details, you can visit the official website of Bank of Baroda.