Baroda UP Gramin Bank Personal Loan

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Rates as low as 10.99%*
Loans Up to 30 Lacs
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All about Baroda UP Gramin Bank Personal Loan

Baroda UP Gramin Bank Personal Loan

Baroda UP Gramin Bank was established in the year 2008 by the amalgamation of two banks namely Baroda Eastern Uttar Pradesh Gramin Bank and Baroda Western Uttar Pradesh Gramin Bank. The sponsorship of Bank of Baroda did the process. The bank is committed to improving the economic condition of the rural people of UP. In addition to this, the bank is providing its financial products in most of the districts of UP. Also, one of the popular loaning schemes is the personal loan which anyone can avail at any given point of time.

About Baroda UP Gramin Bank Personal Loan

When you take a loan from the bank for your personal use, it is termed as Personal Loan. To avail, this loaning scheme bank main priority is to check whether the credit score of the applicant is good enough to provide. For this loan, the bank does not ask you to provide collateral so its more of a risk to the bank if the customer never returns his/her loan amount. Therefore the bank thoroughly checks all the documents that borrower provides as a proof.

How Does Personal Loan work?

  1. See, first of all, you need to apply for a loan online.
  2. Bank gets your loan request, and one of the employees of the bank check whether the information provided by the applicant is legit or not.
  3. In addition to this, the bank also evaluates your income eligibility and your credit score.
  4. Once your application satisfies all the condition, Bank decides the loan amount and the interest rate.
  5. Lastly, you get the loan amount, and the disbursal of the loan takes place.

Baroda UP Gramin Bank Personal Loan Advantages

  1. When looking for a loan, we all try to find the best interest rate, and it remains the same in case of a personal loan.
  2. The rate of interest that Baroda UP Gramin is offering is meager in comparison to another loaning scheme.
  3. Moreover, the documentation required for Baroda UP Gramin Bank Personal Loan  is less.
  4. As a result, the approval takes less time. If all your documents full-fills the criteria of the bank, you will get loan approval within 2 hours of applying.
  5. Personal comes with flexible repayment options and bank lets you decide how you want to repay your loan.
  6. In addition to this,  you can get the principal amount ranging from 50,000 Rs to 30 Lacs from this loaning scheme.
  7. Likewise, Baroda UP Gramin Bank Personal Loan is available for a self-employed and salaried individual.
  8. Also, you can use the loan amount in whatever way you want the bank does not require this information.
  9. You can use the principal amount to pay your medical bills or use them as funds for your daughter college fee.

Baroda UP Gramin Bank Personal Loan Eligibility

For the salaried applicant:
  1. Firstly, the age of the applicant needs to be above 21 and maximum age to avail this loan is 61.
  2. Also, for the salaried applicant bank requires 18,000 Rs as minimum monthly salary.
  3. Likewise, you need to have an account in a bank, and your salary should come to that bank account.
  4. Last but not least for availing personal loan a salaried applicant’s CIBIL needs to be at least 750.
For the self-employed applicant:
  1. For the independent applicant, the bank requires a CIBIL score to be a minimum of 750.
  2. Also, the age requirement to avail this loan is 25 to 65 years.
  3. In addition to this, the business of the applicant needs to be in service for at least three years.
  4. Similarly, the annual turnover of the business needs to be 30 Lacs.

Baroda UP Gramin Bank Personal Loan interest rates

The minimum rate of interest which you can get on a personal loan is 10.70%. The interest rate fluctuates very often, and it depends on the individual who is taking credit. So you might end getting lower interest rate for the same amount in comparison to the other individual.

Baroda UP Gramin Bank Personal Loan Documents

  1. Firstly, a living Proof document such as Aadhar card, PAN card, Ration card, voter ID card, driving license, or passport. In case you are paying rent, you can provide your rental agreement or water/electricity bills for the past three months can be considered.
  2. Secondly, any one of the identity Proof like an Aadhar card, PAN card, Driving license, voter ID card or your passport.
  3. Also, an income Proof from the self-employed applicant: latest ITR documents and audited financial papers of business.
  4. Likewise, Income proof from the salaried applicant: Applicant needs to provide the last six months of bank statements along with six months of salary slips.

How to apply for Baroda UP Gramin Bank Personal Loan

  1. You can easily avail for a personal loan anywhere anytime via online through our financial portal
  2. Firstly, you need to visit DialaBank.com
  3. Secondly, you need to provide the necessary details along with your contact number.
  4. Fill your correct contact details correctly.
  5. Finally, submit the form and you are done. Sit back and relax one of our RM will soon be in touch with you.
  6. With DialaBank surely you will get a high loan to value ratio for your loan.
  7. Also, our RM will look for the best deal for you which you can easily avail near your location without wasting any time.
  8. You are now coming to the payment. You don’t need to pay us a thing. Yes, you read that correct our service is free of cost we don’t charge you anything.
  9.  Feel free to call us anytime we are always there to assist you.

FAQ’s About Baroda UP Gramin Bank Personal Loan

Q. What is Baroda UP Gramin Bank Personal Loan?

If you find yourself in need of urgent funds for your expenses like wedding, travel, payment of bills, etc. You can apply for a Personal Loan from Baroda UP Gramin Bank and fulfill all your needs. Personal Loans come with long tenures for easy repayment with attractive interest rates.

Q. What is Personal Loan rate of interest in Baroda UP Gramin Bank?

Personal Loan rate of interest in Baroda UP Gramin Bank starts at 10.75% per annum. You can visit Dialabank’s online portal to compare the rates of different banks and finance companies across India.

Q. How can I get Baroda UP Gramin Bank Personal Loan?

To get a Personal Loan you will have to visit the nearest branch with basic KYC documents, PAN card, and income proofs(salary slips, bank statement). You can also contact Dialabank to avail of the best financial advice and get the personally curated deals and offers for all your financial needs.

Q. How to apply for Personal Loan in Baroda UP Gramin Bank?

Apply for a Personal Loan by walking into the nearest Baroda UP Gramin Bank branch with all the requisite documents. You can also apply online with Dialabank and avail personalized assistance for all your financial needs.

Q. Why apply for Baroda UP Gramin Bank Personal Loan?

Baroda UP Gramin Bank Personal Loans can be used for any personal financial needs. Be it a wedding, travel, bills, repair and renovation of home, etc. You do not have to provide any collateral security in exchange for your loan and the repayment can be done in monthly installments, EMIs.

Q. How much EMI on Baroda UP Gramin Bank Personal Loan?

Calculate your Baroda UP Gramin Bank Personal Loan EMI using your loan tenure, loan amount, and rate of interest on Dialabank’s EMI calculator and apply for all your loan needs with us.

Q. How much CIBIL score required for Baroda UP Gramin Bank Personal Loan?

A CIBIL score above 700 is preferred by Baroda UP Gramin Bank to disburse a Personal Loan. Being an unsecured loan your CIBIL score plays a big role in determining your loan eligibility as it calculates the risk of default for your lender.

Q. Minimum credit score needed for Baroda UP Gramin Bank Personal Loan?

The credit score is a measurement and estimate of your creditworthiness. Baroda UP Gramin Bank requires you to have a credit score of at least 700 to consider your loan application for approval.

Q. How to calculate Baroda UP Gramin Bank Personal Loan EMI?

Use your loan amount, loan tenure, and rate of interest to calculate your Personal Loan EMI using the EMI calculator available on Dialabank’s website.

Q. What can I use Baroda UP Gramin Bank Personal Loan for?

You can use your Baroda UP Gramin Bank Personal Loan for several financial needs such as funding your marriage or that of a relative, pay all your big and small bills, renovate or repair your home, etc.

Q. Can I prepay Baroda UP Gramin Bank Personal Loan?

If you have the required funds you can pre-close your loan by visiting the branch of Baroda UP Gramin Bank from where your loan was approved and asking your banker about the prepayment facilities.

Q. How to prepay Baroda UP Gramin Bank Personal Loan?

When you have the required money and feel the need to close your loan at once, just visit the nearest Baroda UP Gramin Bank branch with your loan documents and apply for a foreclosure. You may be asked to pay a small foreclosure fee in addition to your outstanding loan amount.

Q. How to repay Baroda UP Gramin Bank Personal Loan?

Repay your Loan in easy burden-free EMIs that are automatically deducted from your bank account each month. Your Baroda UP Gramin Bank Personal Loan can be repaid through post-dated cheques too.

Q. What documents are needed for Baroda UP Gramin Bank Personal Loan?

Aadhar Card/Voter ID, PAN Card, Salary Slips, Bank Statement, and ITR File are the documents that are required to avail of a Personal Loan from Baroda UP Gramin Bank.

Q. How to check Baroda UP Gramin Bank Personal Loan status?

Visit your loan branch or contact the customer care number of Baroda UP Gramin Bank to know the status of your loan application and stay updated.

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