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Personal Loan

Bank of Baroda Personal Loan

Bank of Baroda

Last updated: April 16, 2026

|Last verified: Apr 16, 2026
0/5
Based on 0 Reviews
Interest Rate
13% - 15% p.a.
Loan Amount
Ksh 100,000 - Ksh 8,000,000
Approval Time
3-5 working days
Processing Fee
KshNaN

Rating Breakdown

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Total: 0 Reviews

Pros & Cons

Pros

  • Low 1.5% processing fee saves thousands
  • Extends to 72-month repayment tenure
  • Accepts pensioners up to age 65
  • High KES 8M ceiling for bigger needs
  • Indian banking heritage brings global standards

Cons

  • Slower 3-5 day approval than digital lenders
  • Early repayment penalty in first year
  • Minimum income of KES 30,000 required
  • Small branch network (about 15 branches)

Customer Reviews

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Product Details

Features

  • Personal loans up to KES 8 million
  • Indian subsidiary with deep Kenya-India trade corridor
  • Loans to pensioners up to age 65
  • Long 6-year repayment period
  • Low 1.5% processing fee
  • Baroda M-Connect mobile banking
  • NRI (Non-Resident Indian) banking specialists
  • Conservative lending standards (stable bank)

Eligibility Requirements

Age: 21 - 65 years
Min Income: Ksh 30,000/month
Employment: Employed, Self-employed, Professional, Pensioner

Required Documents

  • National ID or passport
  • KRA PIN
  • Salary slips or income proof
  • 12 months bank statements

Repayment Options

Standing orderDirect debitBranch

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