Loan Details

Interest Rate

8.35% onwards

Processing Fee






Up to 120 Months

  • Eligibility Factors
  • Documents Required
  • Loan Verification Process
  • Rate of Interest
Bank of Baroda Business Loan Details
  • The company should have a minimum annual revenue of Rs. 40 lakhs
  • A minimum annual income (ITR) of Rs. 1.5 lakhs is necessary for the company
  • Those that have made a profit in their business for the previous two years
  • Self-employed persons, proprietors, private limited liability, and
    partnership firms engaged in the manufacturing, trading, or service
  • Individuals with a minimum of 3 years in the existing business and a total
    of 5 years in the business
  • The borrower must be at least 21 years old at the time of loan application
    and no more than 60 years old at the time of loan maturity


  • Filled up Dena Bank business loan application form
  • Recent Photographs
  • ITR of previous 2 years
  • Proof of Identity
  • Proof of Residency
  • Proof of Signature Authenticity
  • Business Plan
  • Income/ Business related documents
  • Business plan
  • Proof of Business establishment
  • Proof of business continuity (Bank Statement, ITR, Certificate of Incorporation, Sales Tax Challan, etc.)
  • C.A. Certified Financial documents (Profit and Loss Statements, Balance Sheet, Periodic Stock, Creditor’s Statement, etc.)

Proof of Residential Address (for all borrowers)

  • Utility Bill
  • Receipt of Property Tax
  • Approved Building Plan
  • Valid Passport
  • Voter ID
  • Registered Rent Agreement

Birth Date Proof (for all borrowers)

  • Driving License
  • Valid Passport
  • Voter ID
  • Aadhar Card

Property documents (for all borrowers)

  • Registered Sale Deed
  • Lease Deed
  • Conveyance
  • Past Sale Deeds
  • Receipt of House Tax Return
  • Building Plan approved by Municipal Corporation

The loan verification proceeds in the following stages:

1. Fill the Bank of Baroda business loan application form and upload it on the official
website or wherever required. Submit copies of all the relevant documents required for
application verification. It can be quickly done by signing up on

2. One of our customer care representatives will get back to you within 24 hours and schedule
visits for collecting document copies (in case you chose offline submission of

3. The concerned officials at the Bank of Baroda verify the documents and the details there.
They may visit the property if necessary.

4. Once your application for a personal loan is approved, the loan amount will be disbursed
to your account, and you will get a copy of the duly signed loan agreement containing
details of loan interest, tenure, loan amount, charges, and penalties.

Bank of Baroda provides affordable and convenient personal loans with EMIs as low as Rs. 1,805 per lakh for a 60-month term and a rate of interest as low as 8.35%.

Further, the Bank of Baroda proposes the following business loan schemes:

Loan Type

Loan Amount

Loan Tenure

Interest Rates

Baroda Vidyasthali Loan (For Educational Institutes)

Up to 15 crores

Up to 7 years

8.35% + SP onwards

Loan Against Rent Receivables

Up to 200 crores

Up to 10 years

For Landlords of BOB Branch Premises: 7.60% + Strategic Premium + 1.25%

For others: 7.60%+ Strategic Premium+3.25%

Baroda Professionals

Up to 5 crores

Up to 7 years

As per standard applicable rates

Commercial Vehicle Finance

Up to 30 crores

Up to 5 years

For Transporters: 7.60 + Spread ranging from 0.55% to 1.20%