If you need an instant loan quickly and easily, the BOB World Loan App can be a great option for you. In this article, we will guide you through the process of applying for a loan through Bank of Baroda’s (BOB) digital mobile app, where you can easily apply and get a loan of up to ₹1 lakh.
This article provides complete details on how to apply for this loan, including eligibility, required documents, interest rates, loan repayment terms, and step-by-step instructions for online application.
BOB World Loan Overview
- Bank Name: Bank of Baroda
- Application Mode: Online
- Loan Amount: ₹50,000 to ₹10 lakh
- Processing Fee: 1% to 2%
- Interest Rate: 10% to 24% (depends on credit profile)
- Repayment Tenure: 6 months to 60 months
- Official Website: Bank of Baroda
- What is BOB World Loan App?
- The BOB World Loan App is a mobile application launched by Bank of Baroda that allows users to apply for instant personal loans online without the need for paperwork.
BOB World Loan Eligibility Criteria
- Must have an active savings account with Bank of Baroda.
- Age should be between 21 years to 60 years.
- Must have Aadhaar Card, PAN Card, and other essential documents.
- Minimum CIBIL Score of 650 is required.
- Must have a stable income source.
Required Documents for BOB World Loan
- Aadhaar Card – For identity & address proof.
- PAN Card – Required for financial transactions.
- Bank Statement – Last 6 months’ record.
- Income Proof – Salary slips or ITR (Income Tax Return).
- Passport-size photo.
Benefits of Applying for BOB World Loan
- Fast & Digital Process – Apply from home with quick approval.
- No Collateral Required – This loan is pre-approved, so no guarantee is needed.
- Minimal Documentation – Only Aadhaar, PAN, and bank statement required.
- Instant Disbursement – Loan amount is credited instantly after approval.
- Safe & Reliable – Backed by Bank of Baroda, a trusted government bank.
How to Apply for BOB World Loan? (Step-by-Step Process)
- Open Google Play Store on your mobile.
- Search for “BOB World App” and install the official app.
- Open the app and register/login using your details.
- Select the “Loan” section and choose the required loan amount.
- Upload the necessary documents and complete verification.
- Submit the application and get instant approval.
- Loan amount will be credited to your Bank of Baroda account