Big News from Bank of Baroda: Get ₹1 Lakh Instant Personal Loan from 1st July 2025 – Full Details Inside
Are you facing a financial crunch or need urgent funds for medical expenses, education, travel, or any other emergency? Here’s some great news – Bank of Baroda (BoB) is launching a new Instant Personal Loan Scheme from 1st July 2025, allowing customers to avail loans of up to ₹1,00,000 instantly with minimal documentation and no guarantor.
This scheme is especially designed for middle-class salaried individuals who are already existing customers of Bank of Baroda and want a quick, hassle-free loan experience.
Bank of Baroda ₹1 Lakh Instant Personal Loan: Key Highlights
| Feature | Details |
|---|---|
| Loan Amount | ₹10,000 to ₹1,00,000 |
| Loan Type | Unsecured Personal Loan (No collateral required) |
| Approval Time | Within a few minutes |
| Repayment Tenure | 12 to 36 months |
| Interest Rate | Starts from 10.50% (depends on your credit score) |
Why This Scheme is Special
✔️ Instant loan disbursal without any guarantor
✔️ Fully digital process – apply from home
✔️ Transparent charges and reliable customer service
✔️ Perfect for salaried individuals with urgent short-term needs
This scheme is ideal for Bank of Baroda’s existing customers who need quick financial support without undergoing long documentation or bank visits.
Who is Eligible for this Loan?
To apply for the BoB Instant Loan, you must meet the following eligibility criteria:
Must be an Indian citizen
Age between 21 and 60 years
Minimum monthly income of ₹15,000
Must have an active Bank of Baroda account that is at least 6 months old
A CIBIL score of 650 or above
Required Documents
You’ll need to upload the following documents during the loan application process:
Aadhaar Card (linked with your mobile number for OTP)
PAN Card
Last 6 months’ Bank Statement
Salary Slip (For self-employed, income proof or ITR is required)
How to Apply Online for ₹1 Lakh Personal Loan from Bank of Baroda
Here’s a step-by-step guide to applying online for the BoB Instant Loan:
Step 1: Visit the Official Website
Go to https://www.bankofbaroda.in
Step 2: Navigate to the Personal Loan Section
Click on “Personal Loan” or look for “Instant Personal Loan” under the products menu.
Step 3: Fill the Application Form
Enter your details including:
Aadhaar Number
PAN Number
Mobile Number
Bank Account Information
Step 4: Complete e-KYC
You’ll receive an OTP on your Aadhaar-linked mobile number to complete the identity verification process.
Step 5: Loan Approval and Disbursement
If you meet the eligibility and credit score requirements, the loan will be approved immediately and the funds will be transferred to your bank account within minutes.
Important Points to Remember
Before applying, keep these key considerations in mind:
Pay your EMIs on time to maintain a good credit score
Avoid submitting incorrect or fake documents as it may lead to rejection
Late payments may attract penalties or even legal action
Choose your loan tenure wisely to ensure manageable EMIs
Why Should You Take This Loan?
Here’s what makes the BoB Instant Personal Loan worth considering:
✔️ No collateral or guarantor required
✔️ Instant approval and same-day disbursal
✔️ Completely digital process – no branch visits
✔️ Trusted brand with excellent support
✔️ Ideal for emergencies or quick fund requirements
Other Banks Also Offering Instant Loan Schemes
If you also hold accounts in SBI, PNB, or other major public sector banks, be sure to check out their instant loan offerings too. Some banks are also offering ₹1 lakh emergency loans based on eligibility and pre-approved status.
Conclusion
The Bank of Baroda ₹1 Lakh Instant Personal Loan Scheme, launching from 1st July 2025, is a timely and much-needed initiative for individuals looking for quick and safe financial assistance. Whether it's a medical emergency, wedding, education, or any urgent need – this scheme offers a reliable and fast solution.
💬 Have questions or want to share your experience with Bank of Baroda loans? Drop a comment below or contact the BoB customer care directly via their official website.