Bank of Baroda Personal Loan interest rates · November 2026
Your personal loan at BoB.
Choose a scheme. Understand the rate. Explore your repayment.
What would I pay each month?
See scheme conditions Scheme selected for illustration. Check eligibility with the bank.
At 10.40%, you repay ₹6.43 lakh: ₹5 lakh borrowed and ₹1.43 lakh interest.
From the first year, most of each EMI repays the loan.
Every 0.25% off the rate saves about ₹62 a month. Worth asking for.
Range estimate, not your approved offer. Excludes fees. Assumes the rate stays unchanged.
Scheme conditions & source
Understand this scheme
- Published rate
- 10.40%–10.90% p.a.
- Rate type
- Floating
- Pricing published as
- BRLLR + 2.00% to 2.50% + SP
- Benchmark
- BRLLR today: 8.15%
- Who it's for
- Government / PSU employees or Defence personnel
What still needs confirming
- Your eligible rate and the scheme's conditions
- Processing fees and other charges
- How often the rate resets, and to what
Effective date not stated · checked 15 Nov 2026
Compare BoB's personal loan schemes
Different schemes have different conditions. Starting rates are not personalised quotes.
| Scheme | Published rate | EMI range* | Choose |
|---|---|---|---|
| Baroda Personal Loan10 borrower bands | 10.40%–18.05% | ₹10,722–₹12,710 | Selected |
| Baroda Digital Personal Loan | 11.90%–17.25% | ₹11,097–₹12,494 |
*₹5 lakh over 5 years, before fees. Scheme names follow the bank's published wording.
Every personal loan rate BoB publishes
11 rates across 2 schemes, by who each is for. Answer “About you” to see which apply to you.
| Scheme and band | Who it's for | Rate | EMI* | Use |
|---|---|---|---|---|
| Baroda Personal LoanGovt Employees / defence personnel maintaining salary account with our Bank under scheme code SB 182 & 186 | Government / PSU employees or Defence personnel | 10.40%–10.90% | ₹10,722–₹10,846 | |
| Baroda Personal LoanGold: Same target customers as mentioned in Silver Category, however, salary account must be with our Bank. | As the band says | 10.90%–15.75% | ₹10,846–₹12,093 | |
| Baroda Personal LoanCategory C: Silver : Employees of Central / State Govt. / PSUs / Autonomous Bodies/ Listed Public Limited Company having external rating “A” & above / Joint Sector Undertakings, & Educational Institutions of National Repute, having salary account with other Bank | As the band says | 11.40%–15.75% | ₹10,971–₹12,093 | |
| Baroda Personal LoanCategory B : (Employee of Private / Public, Trust, LLP, Insurance Agent, Self Employed Professional and business persons) having account relationship with our Bank | As the band says | 12.15%–15.75% | ₹11,160–₹12,093 | |
| Baroda Personal LoanCategory A :(Employee of Private / Public, Trust, LLP, Insurance Agent, Self Employed Professional and business persons) having account relationship with other Bank | As the band says | 14.15%–17.75% | ₹11,673–₹12,629 | |
| Baroda Personal LoanGovt Employees / defence personnel maintaining salary account with our Bank under scheme code SB 182 & 186 | Government / PSU employees or Defence personnel | 11.00%–11.50% | ₹10,871–₹10,996 | |
| Baroda Personal LoanGold: Employees of Central / State Govt. / PSUs / Autonomous Bodies/ Listed Public Limited Company having external rating “A” & above / Joint Sector Undertakings, & Educational Institutions of National Repute, having salary account with Bank of Baroda | As the band says | 11.25%–14.10% | ₹10,934–₹11,660 | |
| Baroda Personal LoanCategory C: Silver : Same target customers as mentioned in Gold Category, having salary account with other Bank | As the band says | 11.75%–14.10% | ₹11,059–₹11,660 | |
| Baroda Personal LoanCategory B : (Employee of Private / Public, Trust, LLP, Insurance Agent, Self Employed Professional and business persons) having account relationship with our Bank | As the band says | 12.80%–15.05% | ₹11,325–₹11,908 | |
| Baroda Personal LoanCategory A :(Employee of Private / Public, Trust, LLP, Insurance Agent, Self Employed Professional and business persons) having account relationship with other Bank | As the band says | 14.75%–18.05% | ₹11,829–₹12,710 | |
| Baroda Digital Personal Loan | All borrowers | 11.90%–17.25% | ₹11,097–₹12,494 |
*₹5 lakh over 5 years, before fees. Band names are the bank's own; “who it's for” is what they state.
How BoB compares
Each bank's lowest published rate, and what the same loan would cost a month there. Before charges.
The rates BoB's loans are linked to
A floating loan's rate is one of these plus a spread fixed when you borrow. When it moves, your EMI or your term moves at the next reset.
MCLR by reset period · from 12 Nov 2026
| Reset period | Compared | MCLR |
|---|---|---|
| Overnight | 7.85% | |
| 1 month | 8.00% | |
| 3 months | 8.50% | |
| 6 months | 8.70% | |
| 1 year | 8.85% |
A loan on MCLR resets at the end of its period, most often one year, to the MCLR then plus its spread. If yours is still on MCLR, you can ask to move it to the repo-linked rate.
Official Checked 15 Nov 2026 · Bank's own page
BoB personal loan: questions borrowers ask
Which BoB personal loan scheme has the lowest rate?
Baroda Personal Loan, from 10.40% a year (priced as BRLLR + 2.00% to 2.50% + SP). Bank of Baroda publishes 2 personal loan schemes we read; each has its own conditions, so check which you qualify for.
What is the BoB personal loan interest rate?
As of 15 Nov 2026, Bank of Baroda publishes personal loan rates of 10.40% to 18.05% a year (floating). The lowest, 10.40%, is for: Govt Employees / defence personnel maintaining salary account with our Bank under scheme code SB 182 & 186. The rate you are offered depends on your credit score, income and the loan amount.
What is the EMI on a ₹5 lakh personal loan from BoB?
At BoB's lowest published rate of 10.40%, a ₹5 lakh personal loan over 5 years costs about ₹10,722 a month, or ₹1,43,332 in interest over the loan. Charges and insurance are extra.
Are BoB loans linked to the repo rate?
Bank of Baroda's repo-linked lending rate (BRLLR) is 8.15% from 8 Oct 2026. Floating retail loans are priced from it, plus a spread fixed when you borrow.
What is BoB's MCLR?
Bank of Baroda's 1-year MCLR is 8.85%, effective 12 Nov 2026. Loans taken between 2016 and 2019 and many business loans are linked to it.
Is BoB cheaper than other banks for a personal loan?
Of the 7 banks we read for personal loans, BoB's lowest published rate (10.40%) ranks number 3; the lowest is 10.00% at SBI. Compare the charges as well as the rate.
Does RateScan get paid by BoB?
No. We take no referral fees, show no ads and don't take loan applications. Every figure is read from the bank's own page, which is linked from every scheme.
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How we collect loan rates
From the bank's own pages. Every figure is read from the lending-rate page the bank publishes, and links back to it. Benchmarks are re-read every day.
A published rate is not an offer. Banks set your rate from your credit score, income, the loan amount and the property or vehicle. We show the range the bank publishes; "7.60% onwards" means the bank gave no top figure.
Benchmark plus spread. A floating loan's rate is the bank's benchmark (its repo-linked rate, or MCLR for older loans) plus a spread fixed when you borrow. When the benchmark moves, your rate moves with it at the next reset.
The EMI is worked out on a reducing balance with monthly instalments: EMI = P × r × (1 + r)n ÷ ((1 + r)n − 1), where r is the yearly rate ÷ 12 and n the number of months. It leaves out processing charges and insurance.
No referral fees. We don't take loan applications or get paid by lenders, so the order is the order.
Independent. No referral fees. Official sources.
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