Baroda Gujarat Gramin Bank Personal Loan

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Why us?

Rates as low as 10.99%*
Loans Up to 30 Lacs
Same Day Disbursal
Doorstep Service
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About Baroda Gujarat Gramin Bank Personal Loan

Baroda Gujarat Gramin Bank provides best financial services and products to the customers at best interest rates. But the applicant’s should be earning good money to get this loan. Besides that personal loan allows the customer to use the amount of loan anywhere in his personal life.

What is a Personal Loan?

A personal loan is a kind of financial aid provided to you by the banks or non-banking financial companies in which you borrow money from the bank or non-banking financial company to fulfill your personal needs. This is an unsecured loan. In the personal loan, you don’t need to pledge anything to the bank. One can easily afford personal loan if he has a good source of income.

Baroda Gujarat Gramin Bank Personal Loan Eligibility

  1. First of all applicant’s month to month pay should be Rs. 18,000/ –
  2. After that, the applicant should have a stable residential status. A long time in the city – Minimum 1 year
  3. After that work experience also matters. Add up to work encounter – Minimum 1 years

Baroda Gujarat Gramin Bank Personal Loan Documentation

  1. One Identity proof is required. (Passport/Id card/voter card/driving license) It can be any one of them. Everyone easily has these documents, so there is no problem with the submission.
  2. 2 passport size colored photos. (Applicant should not be wearing glasses)
  3. A passport can also be considered as your identity proof because a passport has a name, age, address and photograph of the customer. If you have a passport, then there is no need to bring your address proof separately. But the passport should not be expired.
  4. Bank statement of last 6 months and salary slip of previous three months needed.
  5. Residence proof can be the Aadhar card, voter card, and passport (Passport/Id card/voter card/driving license). Electricity and water bill for the last three months because these are the proofs that you are residing in that particular place.
  6. Driving license is also regarded as a proof of identity and residence proof because it contains the name, date of birth and a photograph of the customer. But the condition is that it should not be expired.
  7. Aadhar card provided by UIDAI that contains biometric details of the customers like age, date of birth and photograph of the individual. It can be considered as the proof of your date of birth.
  8. PAN card is the permanent account number that is provided to the customers, and it prevents from the financial frauds. So it is also considered as an identity/residence proof. Pan card is essential document under KYC (know your customer) formality.
  9. Ration card is also considered as a residence proof because it provides enough information about the applicant.

Baroda Gujarat Gramin Bank Personal Loan Advantages

Baroda Gujarat Gramin Bank Personal Loan

  1. Firstly, the interest rates are quite affordable.
  2. Thus, you can quickly repay your Baroda Gujarat Gramin Bank Personal Loan amount.
  3. Secondly, this loaning scheme is unsecured. As a results in no requirement of collateral
  4. Furthermore, both salaried and self-employed individuals can take benefits from this loan.
  5. Moreover, in Baroda Gujarat Gramin Bank Personal Loan, the principal amount is entirely dependent on the borrower’s submitted documents.
  6. If your CIBIL or credit score is right, you can get the loan amount without facing any problem.
  7. Now, you might be thinking where I can use the loan amount.
  8. The answer to your question is anywhere. You can use it for paying your medical expenses, or you can go for an exotic vacation with the loan amount.
  9. The personal loan comes with no spending restrictions.

Purpose of Baroda Gujarat Gramin Bank Personal Loan

As the name is suggesting, a personal loan can be taken for any of personal use purpose. But generally, there are some common purposes for which people prefer to get a Personal Loan. Basically, people get a personal loan for wedding purposes. You can easily get a personal loan in very less time. So people prefer to get a personal loan.

Sometimes a Baroda Gujarat Gramin Bank Personal Loan is beneficial for higher education too.

Some people get a personal loan for home renovation.

Besides, people get a personal loan to close other loans.

Baroda Gujarat Gramin Bank Personal Loan Features

  1. The loan can be disbursed within 72 hours.
  2. Tenure of loan is 12 to 60 months.
  3. Interest rates are very rational.
  4. There is no processing fee for the personal loan neither any kind of application charges.

Baroda Gujarat Gramin Bank Personal Loan Interest Rate

Interest Rate start ata 10.50% per annum and can be till 17.5% per annum.

How to Apply for Baroda Gujarat Gramin Bank Personal Loan?

  1. It is effortless to apply for a personal loan all you need to do is follow these steps, and you will be done in no time.
  2. First, you need to go to our website www.dialabank.com .
  3. Now, once you are on our site, you need to provide your necessary details along with your phone number.
  4. Please, it is essential that you provide your correct contact details.
  5. Now once you filled the form all your work is done
  6. Our relationship managers will call you within 30 minutes and provide you the best of offers and deals that you can get near your location.
  7. Also, you don’t have to worry about paying us anything as we provide our expertise to you at free of cost.

FAQ’s About Baroda Gujarat Gramin Bank Personal Loan

What is Baroda Gujarat Gramin Bank Personal Loan?

A Personal Loan is a loaning scheme that can be availed to meet your urgent financial needs without the need to submit security with the bank. You can easily apply for a Baroda Gujarat Gramin Bank Personal Loan to finance your expenses.

What is the Personal Loan rate of interest in Baroda Gujarat Gramin Bank?

Baroda Gujarat Gramin Bank Personal Loan rates start from 10.75% per annum. The rate of interest depends on the borrower’s profile. If you have a good CIBIL Score you can expect a lower rate of interest.

How can I get Baroda Gujarat Gramin Bank Personal Loan?

You can get a Personal Loan from Baroda Gujarat Gramin Bank by visiting the nearest branch with your documents and duly signed application form. You can also visit Dialabank’s digital platform to compare offers of different banks and financial companies.

How to apply for Personal Loan in Baroda Gujarat Gramin Bank?

You can apply for a Personal Loan with Baroda Gujarat Gramin Bank by contacting your nearest branch in person or through Dialabank’s online portal for better convenience and to get the best deals and offers.

Why apply for Baroda Gujarat Gramin Bank Personal Loan?

Personal Loans can be used to finance all your small and big expenses. The long tenures and attractive interest rates make it easy to repay the loan in burden-free EMIs. You can use your Baroda Gujarat Gramin Bank Personal Loan for all your personal financial needs without having to submit any security.

How much EMI on Baroda Gujarat Gramin Bank Personal Loan?

Your Personal Loan EMI depends on your loan amount, loan tenure, and rate of interest. You can visit Dialabank and use our EMI Calculator to calculate your Baroda Gujarat Gramin Bank Personal Loan EMIs.

How much CIBIL score required for Baroda Gujarat Gramin Bank Personal Loan?

You will need a CIBIL score above 700 for your Loan with Baroda Gujarat Gramin Bank. Banks require a high CIBIL score for unsecured Personal Loans because it helps calculate the risk of default.

Minimum credit score needed for Baroda Gujarat Gramin Bank Personal Loan?

A minimum credit score of 700 is needed for Baroda Gujarat Gramin Bank Personal Loans. A healthy credit score is a necessity to avail unsecured loans.

How to calculate Baroda Gujarat Gramin Bank Personal Loan EMI?

You can calculate your Baroda Gujarat Gramin Bank Personal Loan EMI using the formula, E = P x R x [((1+R)^N)/((1+R)^N)-1]. Here, P is your principal loan amount, R is your rate of interest, and N is the loan tenure. You can also use Dialabank’s EMI calculator.

What can I use Baroda Gujarat Gramin Bank Personal Loan for?

Your Baroda Gujarat Gramin Bank Personal Loan can be used to fulfill all your financial needs and meet all your expenses. A wedding, an event, travel, and vacation, buying of consumer goods, payment of bills, etc.

Can I prepay Baroda Gujarat Gramin Bank Personal Loan?

Yes, you can prepay your Baroda Gujarat Gramin Bank Personal Loan by contacting your loan branch in person. In some cases, you may be required to pay a small foreclosure charge.

How to prepay Baroda Gujarat Gramin Bank Personal Loan?

Visit your Baroda Gujarat Gramin Bank loan branch and apply for a foreclosure on your Loan account. You will need to pay all the pending amount and upon verification of your payments, your loan will be closed.

How to repay Baroda Gujarat Gramin Bank Personal Loan?

You can repay your Baroda Gujarat Gramin Bank Personal Loan in easy monthly EMIs that consist of both your principal amount and interest. You can either give a standing instruction or an ECS on your bank account for the monthly deduction of EMIs.

What documents are needed for Baroda Gujarat Gramin Bank Personal Loan?

You will need your basic KYC documents along with proof of your income to apply for a Personal Loan from Baroda Gujarat Gramin Bank. These documents are to be submitted along with a duly signed application form with the bank.

How to check Baroda Gujarat Gramin Bank Personal Loan status?

You can check your Loan status by contacting your Baroda Gujarat Gramin Bank branch in person or through customer care number.

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