About Baroda UP Gramin Bank Personal Loan
Are you interested in applying for a personal loan? Then we’ve got you covered because Baroda UP Gramin Bank Personal Loan Approval Process now gives customers personal loans with the best discounts and offers available. Personal loans can also be found on the Dialabank Personal Loan webpage. Other sorts of loans can be found on Dialabank’s official website. Returning to the Baroda UP Gramin Bank, the following are the top-selling elements of the Baroda UP Gramin Bank Personal Loan Approval Process: –
- Gramin Bank offers low-interest pre-approved personal loans to customers who have a good credit history and already have an account with the bank.
- The Gramin Bank also provides an online application where you can complete your KYC and submit your documents digitally.
- You may also monitor the status of your Baroda UP Gramin Bank personal loan application in real-time by going to the bank’s website or calling the customer service centre.
- Gramin bank also includes diverse income and occupation groups, as well as specific plans.
Baroda UP Gramin Bank Personal Loan Eligibility
Particulars | Salaried | Self-Employed |
Age | 21 – 60 years | 21 – 65 years |
Minimum Income | Rs.15,000* | Rs.5 Lakh p.a. |
Co-applicant | Not mandatory | Not mandatory |
Loan Tenure | 12 – 60 months | 12 – 60 months |
Maximum Loan Amount | Rs.40 Lakh | Rs.40 Lakh |
Employment Type | Employees of private limited companies and public sector undertakings |
Self-employed individuals
|
Employment/Business Continuity | At least 2 years; minimum 1 year with current employer |
4 years Post Qualification experience for Doctors/ Chartered Accountants.
5 years Post Qualification experience for Company Secretary / Architect. |
CIBIL Score | 750 and above | 750 and above |
Residential Status |
Resident Indian staying in own house or a rented house
|
*In cities such as Kochi, Kolkata, Ahmedabad, Pune, Hyderabad, Mumbai, Chennai, Bengaluru, and Delhi the net monthly income required is Rs.20,000
*Note: The eligibility criteria vary from lender to lender.
Check Personal Loan Eligibility with Top Lenders in 2021
Bank | Age Limit | Minimum Work Experience |
Minimum Income (Per Month)
|
SBI | Up to 76 years | NA** | Rs.15,000 |
HDFC | 21 to 60 years | 2 years | Rs. 20,000 |
Private | 23 to 58 years | 2 to 5 years | Rs.17,500 |
Axis | 21 to 60 years | NA** | Rs.15,000 |
Kotak Mahindra | 22 to 55 years | 1 year | Rs.25,000 |
Tata Capital | 21 to 58 years | 1 year | Rs.15,000 |
IndusInd | 21 to 60 years | 2 to 5 years | Rs.25,000 |
Ujjivan Small Finance | 22 to 58 years | NA** |
Above the minimum wage limit
|
India Infoline Finance Limited | 25 to 60 years | 6 months to 2 years | Rs.35,000 |
HDBFS | 21 to 65 years | 1 year to 3 years |
Rs.15,000 for salaried
Rs.1 lakh p.a. for self-employed |
Indian Overseas Bank | Up to 58 years | NA* | Rs.5,000 |
IDFC First Bank | 23 to 68 years | 3 years | NA* |
Federal Bank | 21 – 55 Years | 3 years | Rs.25,000 |
Punjab National Bank | 21 – 58 years | 2 years for doctors | Rs.15,000 |
Andhra Bank | 21 – 55 years | NA** | NA* |
Canara Bank | NA** | NA** |
Salaried: Rs.6,000 & above
Self-employed – Rs. 1.5 lakh |
IDBI Bank | Up to 75 years for Pensioners | NA** | Rs.1.5 lakh p.a. |
Fullerton India | 21 to 55 years | 1 to 2 years | Rs.15,000 |
RBL Bank | 25 to 60 years | 1 to 3 years | Rs.25,000 |
Bank of Baroda | 21 to 60 years | 1 year to 2 years |
60% of gross monthly income
|
Deutsche Bank | 25 to 60 years | NA** | Rs.25,000 |
Karnataka Bank | NA** | 3 years | NA* |
United Bank of India | up to 75 Years | 2 years | NA* |
UCO Bank | 21 to 65 years | 1 year to 5 years | Rs.20,000 |
*Personal loan disbursal is solely at the bank’s discretion and as per the bank’s terms and conditions
Learn More about Personal Loan: Click Here
Documents Required for Baroda UP Gramin Bank Personal Loan
List of Documents Required for Salaried Applicants
Salaried individuals must submit the following documents in addition to a completed personal loan application form:
Photo Identity Proof (Any one) | Passport PAN Card Voter’s ID Aadhar Card Driving License |
Address Proof (Any one) |
Passport
Utility Bill (telephone, electricity, water, gas) – less than 2 months old Aadhaar Card Driving License Ration Card |
Income Proof |
Salary slips (Last 3 months)
Bank statements for the last 3 to 6 months (showing salary credit) |
Tax Paid (Any one |
IT returns (for 2 years)
Form 16 |
Residence Ownership Proof (Any one) |
Property documents
Maintenance bill Electricity bill |
Proof of Job Continuity (Any one) |
Current employment certificate
Current job appointment letter (if more than 2 years have been spent in the same organisation) Experience certificate (previous employer’s relieving or appointment letter along with job certificate) |
Proof of Investment (if any) |
Fixed assets, fixed deposit, shares, etc.
|
Existing Loans (if any) |
Payment Track Record & Sanction letter
|
Photograph |
One coloured passport size photograph
|
List of Documents Required for Self-employed Applicants
Self-employed personal loan applicants must submit the following documents in addition to a fully completed loan application form:
Photo Identity Proof (Any one) | Passport PAN Card Voter’s ID Aadhaar Card Driving License |
Address Proof (Any one) |
Passport
Aadhaar Card Driving License Utility Bill (telephone, water, electricity, gas) – less than 2 months old Ration Card |
Proof of Residence Ownership (Any one) |
Property documents
Maintenance bill Electricity bill |
Proof of Office Address and Ownership (Any one) |
Maintenance bill
Property documents Electricity bill |
Proof of Business Existence (Any one) |
Copy of GST registration
Company registration license Shop establishment proof |
Income Proof |
Last 2 years Income tax returns of the applicant along with computation of income duly attested by a Chartered Accountant
Audited balance sheet and Profit & Loss accounts, including tax audit report, if applicable |
Bank statement |
Savings/current account bank statement/ bank passbook for the past one year
|
Proof of Investment (in case any) |
Investments such as fixed deposit, fixed assets, shares, etc.
|
Existing Loans (in case any) |
Payment Track Record and sanction letter
|
Professional Degree Certificate |
In case of professionals
|
Photograph |
One coloured passport size photograph
|
List of Documents Required for NRI Applicants
When applying for a personal loan, NRI candidates are typically required to submit the following documents:
Identity Proof | Copy of the passport Copy of the visa |
Employment Proof | Letter of Appointment Job contract Labour/ Identity card (if applicable) Official email ID or the HR’s email ID |
Income Proof | Last 6 months’ bank statements Last 6 months’ salary slips or salary certificate |
Photograph | Passport size photographs |
List of Documents Required for Pensioners
When applying for a personal loan, a pensioner must submit the following documents:
Identity/Age Proof (Any one) |
Ration card
Passport PAN card Aadhar card Voter ID card Driving licence Birth certificate School leaving certificate |
Address Proof (Any one) | Passport Aadhaar card Utility bills Ration card Driving licence |
Income Proof (Any one) |
Last 6 months’ bank statements/salary slips
Bank passbook Form 16 Copy of pension payment order Income tax returns |
Photographs |
Passport size photographs
|
Know More About: Personal Loan Eligibility Criteria
Baroda UP Gramin Bank Personal Loan Approval Process
You are required to bring the following documents to avail personal loan from Gramin Bank:-
Steps to Apply for Baroda UP Gramin Bank Personal Loan
If you wish to apply for a Baroda UP Gramin Bank Personal Loan, you can do it either online or in person. We will inform you about the procedure both online and in person at the branch. If you want to apply, you must first complete the steps listed below: –
- Visit the Baroda UP Gramin Bank’s website or get in touch with a Gramin Bank branch.
- Fill in the bank’s personal, professional, and financial information and submit the form.
- The bank will evaluate your eligibility when you complete the form online and inform you of the amount you are qualified for.
- You must submit the necessary documents, which can be uploaded online, once you agree to complete the application.
- Finally, the Gramin Bank will process your documentation, and the funds will be released to your Gramin Bank account as soon as the loan has been approved.
If you want to get straight to the branch, you must complete the steps outlined below:-
- Fill out the application form with the relevant personal information, occupation information, and contact information at any Gramin Bank branch.
- The Gramin Bank representative will go over the loan’s eligibility, terms, processing fees, prepayment, and foreclosure provisions with you.
- You will be given an application reference number after submitting the application form and relevant documents. This number can be used to check on the progress of your Gramin Bank Personal Loan application.
- After successful verification, the loan can be disbursed as soon as the loan is approved and the agreement is signed.
Baroda UP Gramin Bank Personal Loan Approval Process FAQs
✅ What is a personal loan?
A personal loan is an unsecured loan that you can get from a bank or a non-bank financial institution to help you with any financial need.
✅ What if I default on my loan repayment when I have offered collateral security?
Personal loans are unsecured loans, which means that even if you don’t meet the lending requirements, you can still acquire a loan by putting up collateral. In such circumstances, you must be cautious about returning the loan before the term expires.
✅ What happens if I default on my EMIs and have a guarantor?
Someone who guarantees the repayment of your loan on your behalf is known as a guarantor. If you are unable to return the loan within the agreed-upon time frame and when the instalments are due, your guarantor or co-signer will be requested to pay them.