Bank of Baroda launches “Baroda Personal Loan COVID 19” for existing retail customers
In the wake of COVID 19 pandemic, Bank of Baroda, India’s leading public sector lender, launched “Baroda Personal Loan COVID 19” for its existing Retail Loan customers (Home Loan, Auto Loan & Loan against property).
The objective of “Baroda Personal Loan COVID 19” is to provide ease to tide over the liquidity mismatch to existing customers. The customer may approach their existing branches to avail this personal loan up to a maximum limit Rs 5 lakhs in a hassle free manner.
This being a special personal loan, Bank has kept much lower interest rate than its regular personal loan schemes and customers may avail the benefits under the scheme till 30th September 2020.
About Bank of Baroda:
Bank of Baroda (“The Bank”) established on July 20, 1908 is a State-owned banking and financial services organization, headquartered in Vadodara (earlier known as Baroda) in Gujarat, India.
Bank of Baroda launches “Baroda Personal Loan COVID 19” for existing retail customers
Bank of Baroda is India’s leading public sector lender with a strong domestic presence supported by self- service channels. The Bank’s distribution network includes 9,500+ branches, 13,400+ ATMs and 1,200+ self-service e-lobbies. The Bank has a significant international presence with a network of 100 branches/offices of subsidiaries, spanning 21 countries. The Bank has wholly owned subsidiaries including BOB Financial Solutions Limited (erstwhile BOB Cards Ltd.), BOB Capital Markets and Baroda Asset Management India Ltd.
Bank of Baroda also has joint ventures for life insurance viz. India First Life Insurance and India Infradebt Ltd., engaged in infrastructure financing. The Bank owns 98.57% in The Nainital Bank. The Bank has also sponsored three Regional Rural Banks namely Baroda Uttar Pradesh Gramin Bank, Baroda Rajasthan Gramin Bank and Baroda Gujarat Gramin Bank.
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