Bank of Baroda personal loan interest rate and EMI calculator
Bank of Baroda's branch personal loan for salaried and self-employed people, from ₹50,000 to ₹20 lakh, with the lowest rates (from 10.40%) and no processing fee for government employees who take their salary in a Bank of Baroda account.
- 10.4% to 18.05% a year
- ₹50,000 to ₹20 lakh
- Up to 7 years
We don't arrange Bank of Baroda loans. These figures are from Bank of Baroda's own pages, for comparison; apply on Bank of Baroda's own website or branch.
Rates and charges
- Interest rate
- 10.4% to 18.05% a year
- Other published rates
- You choose a floating or a fixed rate, and the rate depends on your employer, where your salary account is and your CIBIL score. Floating rates, linked to the bank's repo-linked lending rate (8.15% from 8 Oct 2026), run from 10.40% to 17.75%. Fixed rates, linked to the 1-year MCLR (8.75% from 12 Oct 2026), run from 11.00% to 18.05%. Government employees and defence personnel with a Bank of Baroda salary account get the lowest band: 10.40% to 10.90% floating or 11.00% to 11.50% fixed. Employees of government bodies, PSUs and A-rated listed companies get 10.90% to 15.75% floating with a Bank of Baroda salary account, or 11.40% to 15.75% with a salary account elsewhere.
- Processing fee
- Nil for government employees with a Bank of Baroda salary account. For everyone else, 1% to 2% of the loan + GST, minimum ₹1,000 and maximum ₹10,000.
- Loan amount
- ₹50,000 to ₹20 lakh
- Tenure
- Up to 7 years
- Closing early
- No pre-closure charge, as published by the bank. The page doesn't say whether this also covers the fixed-rate option; the bank's separate digital personal loan charges 3% + GST on fixed-rate loans prepaid in the first 36 months.
- Part-prepayment
- Not published
- Who can apply
- Salaried and Self-employed
- Minimum income
- Not published
- Age
- 21 or older; salaried borrowers must repay by 60 or retirement, whichever is earlier, and self-employed borrowers by 65
Bank of Baroda personal loan EMI calculator
Prefilled with Bank of Baroda's lowest published rate and its highest published processing fee (2%). Change any number to match your offer.
Your loan
- Monthly EMI
- ₹16,228
- Total interest
- ₹84,196
- Processing fee + 18% GST
- ₹11,800
- Total cost of the loan
- ₹95,996
- Effective annual cost
- 12.05%
- Money in hand
- ₹4,88,200
- You pay back in 3 yr
- ₹5,95,996
Total cost = interest + processing fee + GST. Effective annual cost is the yearly rate you really pay on the money in hand, the way lenders work out the APR in a Key Fact Statement.
Same loan, different tenures
| Tenure | EMI | Total interest | Total cost (incl. fee + GST) | Effective annual cost |
|---|---|---|---|---|
| 12 months | ₹44,051 | ₹28,612 | ₹40,412 | 14.94% |
| 24 months | ₹23,165 | ₹55,957 | ₹67,757 | 12.80% |
| 36 months (yours) | ₹16,228 | ₹84,196 | ₹95,996 | 12.05% |
| 48 months | ₹12,778 | ₹1,13,323 | ₹1,25,123 | 11.67% |
| 60 months | ₹10,722 | ₹1,43,332 | ₹1,55,132 | 11.44% |
A longer tenure lowers the EMI but raises the total interest. A fixed fee costs more per year on a short loan.
Lenders you can apply to through us
The lowest published starting rates among the lenders we compare. We may earn a commission from these.
- IDFC FIRST BankFrom 9.99% a year · ₹50,000 to ₹15 lakhApply nowVia our referral partner. We may earn a commission.
- Poonawalla FincorpFrom 9.99% a year · ₹1 lakh to ₹50 lakhApply nowVia our referral partner. We may earn a commission.
- InCred10% to 36% a year · ₹50,000 to ₹15 lakhApply nowVia our referral partner. We may earn a commission.
- KreditBee12% to 27.5% a year · ₹3,000 to ₹10 lakhApply nowVia our referral partner. We may earn a commission.
Not sure which lender will approve you? See offers matched to your profile
Check your loan offersVia our referral partner. It uses your PAN, credit score and income to suggest lenders likely to approve you. Approval isn't guaranteed. We may earn a commission. CreditParakh is not a bank or lender and doesn't guarantee approval. Approval is at the bank's or lender's discretion.
Questions people ask
What is the Bank of Baroda personal loan interest rate?
Bank of Baroda publishes 10.4% to 18.05% a year. You choose a floating or a fixed rate, and the rate depends on your employer, where your salary account is and your CIBIL score. Floating rates, linked to the bank's repo-linked lending rate (8.15% from 8 Oct 2026), run from 10.40% to 17.75%. Fixed rates, linked to the 1-year MCLR (8.75% from 12 Oct 2026), run from 11.00% to 18.05%. Government employees and defence personnel with a Bank of Baroda salary account get the lowest band: 10.40% to 10.90% floating or 11.00% to 11.50% fixed. Employees of government bodies, PSUs and A-rated listed companies get 10.90% to 15.75% floating with a Bank of Baroda salary account, or 11.40% to 15.75% with a salary account elsewhere. The rate you're offered depends on your credit score, income and employer.
What is the EMI on a ₹5 lakh Bank of Baroda personal loan?
At Bank of Baroda's lowest published rate of 10.4%, about ₹16,228 a month over 36 months; at 18.05%, about ₹18,089. Use the calculator above for your own amount and tenure.
What is Bank of Baroda's personal loan processing fee?
Nil for government employees with a Bank of Baroda salary account. For everyone else, 1% to 2% of the loan + GST, minimum ₹1,000 and maximum ₹10,000. GST at 18% is added to the fee.
Can I close a Bank of Baroda personal loan early?
Closing early: No pre-closure charge, as published by the bank. The page doesn't say whether this also covers the fixed-rate option; the bank's separate digital personal loan charges 3% + GST on fixed-rate loans prepaid in the first 36 months.
Can I apply for a Bank of Baroda personal loan through CreditParakh?
No. We don't arrange Bank of Baroda loans; apply on Bank of Baroda's own website, app or branch. If you'd like offers from several lenders at once, our partner's matching page suggests lenders based on your profile.
Related
- True Cost of a Personal Loan: Fees and APRWhat a personal loan really costs: flat vs reducing rate, processing fee and GST, APR in the Key Fact Statement, foreclosure and penal charges.
- Big banks' personal loan ratesSBI, HDFC, ICICI and others side by side
- Processing fees and foreclosure chargesEvery lender's charges in rupees
Last verified 21 Oct 2026 on each issuer's official page. Rates and fees change; check the lender's terms before you apply.
Source (Bank of Baroda's own page, not linked because we don't arrange its loans): https://bankofbaroda.bank.in/interest-rate-and-service-charges/retail-loans-interest-rates. CreditParakh is not a bank or lender and doesn't guarantee approval. Approval is at the bank's or lender's discretion.