Bank of Baroda Marriage Loan

Highlights of Bank of Baroda Marriage Loan – 2025
Interest rates	11.05% – 18.50%
Loan amount	Up to Rs 20 lakh
Repayment tenure	Up to 7 years
Processing Fees	Up to 2% (Maximum Rs 10,000)

Note: Interest rates as on 3 April 2025.

Bank of Baroda Marriage Loan Interest Rates

Bank of Baroda Personal Loan interest rates start from 11.05% p.a. The personal loan interest rates for availing Bank of Baroda marriage loans are based on factors like the loan applicants’ credit score, occupation profile and employer’s profile.

Floating Interest Rates

Type of Employees	Interest Rates (p.a.)
Category A :(Employee of Private / Public, Trust, LLP, Insurance Agent, Self Employed Professional and business persons) having account relationship with other Bank	14.90%-18.50%
Category B : (Employee of Private / Public, Trust, LLP, Insurance Agent, Self Employed Professional and business persons) having account relationship with Bank of Baroda	12.90%-16.50%
Category C: Silver: Employees of Central / State Govt. / PSUs / Autonomous Bodies/ Listed Public Limited Company having external rating “A” & above / Joint Sector Undertakings, & Educational Institutions of National Repute, having salary account with other Bank	12.15%-16.50%
Gold: Same target customers as mentioned in the Silver Category, however, the salary account must be with the Bank of Baroda	11.65%-16.50%
Govt Employees/defence personnel maintaining salary accounts with Bank of Baroda under scheme code SB 182 & 186	11.15%-11.65%

Loan Product	Interest Rates (p.a.)
Baroda Loan to Pensioners	11.90% (digital)12.40% (non-digital)
Baroda Digital Pre-approved Personal Loan	12.65%-16.15%
Baroda Digital Personal Loan	12.65%- 18.00%

Fixed Interest Rates

Type of Employees	Interest Rates (p.a.)
Category A: (Employee of Private / Public, Trust, LLP, Insurance Agent, Self Employed Professional and business persons) having account relationship with other Bank	15.00%-18.30%
Category B: (Employee of Private / Public, Trust, LLP, Insurance Agent, Self Employed Professional and business persons) having account relationship with Bank of Baroda	13.05%-15.30%
Category C: Silver: Employees of Central / State Govt. / PSUs / Autonomous Bodies/ Listed Public Limited Companies having external rating “A” & above/Joint Sector Undertakings, & Educational Institutions of National Repute, having salary account with other Bank	12.00%-14.35%
Gold: Same target customers as mentioned in the Silver Category, however, salary account must be with the Bank of Baroda	11.50%-14.35%
Govt Employees/defence personnel maintaining salary accounts with Bank of Baroda under scheme code SB 182 & 186	11.25%-11.75%

Although the bank has not specified the role of their loan applicants’ monthly income, EMI/NMI Ratio, work experience (for salaried) or business continuity (for self-employed), etc. for availing personal loan for marriage from Bank of Baroda, most lenders consider these factors for setting the personal loan interest rates for applicants availing loans for marriage.

Bank of Baroda Marriage Loan Processing Fees

Particulars	Rates
Processing fees	Up to 2% (Maximum Rs 10,000)

Also Read: Processing fees for personal loans

Penal Charges

Stated below are the penal charges levied on delayed payments of principal and interest:

Sanction loan amount	Penal charges
Up to Rs. 10,000	NIL
Above Rs. 10,000	2% p.a. on the amount of default

Eligibility Criteria for Availing Bank of Baroda Marriage Loan

Loan applicants planning to avail personal loan for marriage from Bank of Baroda can opt for its personal loan scheme to meet their wedding related expenses. The Personal Loan Eligibility criteria set for loan applicants availing Bank of Baroda Personal Loans are as follows:

• Minimum age – 21 years
• Maximum age – 60 years (for salaried) and 65 years (for non-salaried)
• Employees of government bodies/private companies with a service of at least 1 year
• Employees of private limited companies, proprietorship firms, trusts and partnership firms with continuous service of at least 1 year
• Insurance agents in business for at least last 2 years
• Self-employed businessmen with at least 1 year of stable business
• Self-employed professionals like doctors, engineers, company secretaries, architects, interior designers, etc. with at least 1 year of stable business
• NRI/PIO and the members of the staff are ineligible

Additionally, Bank of Baroda may also consider the credit scores of their marriage loan applicants to determine their eligibility for availing personal loan like other lenders. Personal loan applicants with low or zero credit scores can avail the Step Up Credit Card co-branded with SBM Bank India Ltd., a lifetime free secured credit card issued by Paisabazaar.com against fixed deposits of SBM Bank, in order to maintain or improve their scores. Loan applicants who have managed to improve their credit scores have a better chance of availing the Bank of Baroda Personal Loan variants offered by the lender. Prospective marriage loan applicants should also use the Bank Of Baroda Personal Loan EMI Calculator to determine the EMIs and loan tenures based on their repayment capacity.

Documentation Required for availing Bank of Baroda Marriage Loan

Identity proof

• PAN card
• Aadhar card
• Voter ID
• Driving license
• Passport
• Employee ID issued by the organization,
• Practice certificate and identity document with photo issued by professional bodies like ICFAI, ICAI, ICWA.

Proof of residence (any one)

• Valid passport
• Voter id card
• Driving license
• Postpaid utility bill (electricity bill and gas bill)
• Registered rent agreement
• Updated passbook/bank account statement

For salaried applicants

• A/c statement for last 6 months of Bank of Baroda/any other bank
• Salary slips for last 3 months
• Know more about the documents required for Personal loan for salaried

For self-employed applicants

• Income tax returns for past 1 year
• Profit and loss statement, income computation and balance sheet for last 1 year
• Clearance certificate/IT assessment and Income tax challan/TDS certificate(Form 16A)/Form 26 AS for the income declared in ITR
• Business proofs: Registration certificate, Gomasta license, Service tax registration, etc.

Other Documents

• Form 135 with details of liabilities and assets should be submitted along
• Last 6 months bank statement and updated passbook
• Duly filled loan application form with passport size photographs

Note: Loan applicants availing Bank of Baroda Marriage Loans may need to submit additional documents based on their profile