Bank of Baroda Home Loan | Interest Rates | Documents | Apply

Latest Bank of Baroda home loan interest rate 2015 starts from 10.25% p.a. Find Details on Documents, Eligibility, Rates & other fees & charges on BOB home loans through deal4loans.

Bank of Baroda Home Loan Overview:

Bank of Baroda invites you to be a proud owner of your own home and offers easy Home Loan with a number of conveniences to suit your budget. As on October 30, 2014 – Bank of Baroda has total number of 4993 branches all over the India.

Bank of Baroda Home Loan is available for:

  • Purchase of new / old dwelling unit. | Construction of house | Purchase of plot of land for construction of a house.
  • Repaying a loan already taken from other Housing Finance Company / Bank.
  • Repayment period up to 30 years (floating rate option).



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Current Interest Rates of Bank of Baroda Home Loan 2015

Baroda Home Loan to Individuals / NRIs / PIOs
Repayment Period Up to Rs. 30 Lacs Above Rs. 30 Lacs and below Rs. 75 Lacs 75 Lacs and above
Upto 5 years 10.25% 10.25% 10.25%
Over 5 years & up to 15 years 10.25% 10.25% 10.25%
Over 15 years & up to 30 yrs 10.25% 10.25% 10.25%

Eligibility or How much you can get from Bank of Baroda for your Dream Home

  • In case of Salaried:
     Monthly Income Modified Criteria
    Up to Rs. 20,000/- 36 times of monthly income
    More than Rs.20,000/- & up to Rs. 1 lac 48 times of monthly income
    More than Rs. 1 lac 54 times of monthly income

    In case of others viz. professionals / self-employed / businesspersons etc., 5- times of average annual income (last three years).

Value propositions

Bank offers following benefits with home loan availed by you:

    • Free Personal Accident Insurance is available for stipulated tenure.
    • Free Credit Card (BOBCARD – complementary for first year) to all Home Loan borrowers (first borrower) with loan limit of Rs. 2/- Lacs and above.
    • Concession of 0.25% in rate of interest for Car Loans.
    • Concession of 0.50% in rate of interest for Loan for consumer durables.
    • Top up Loan (Baroda Additional Assured Advance – AAA) can be availed 5 times during loan period.
      (Minimum Rs.1/- Lac,  Maximum Rs.200/- Lacs or 75% of residual value of house property after deducting 150% of outstanding loan amount of existing Home Loan, whichever is lower).
  • As per current IT provisions – Interest on loan upto Rs.1.50 lacs per annum is exempt from income tax (Under section 23/24 (1) of the Income Tax Act). An additional deduction of interest upto Rs.1 lac is available to persons taking a loan for their first home upto Rs.25 lacs during March 2013 to Feb 2014.

Processing Fees & Charges

Sr. No. Particulars Unified Processing Charges
(Exclusive of Service Charges)
1. Home Loan
(Baroda Home Loan to Resident Indians / NRIs / PIOs)
0.25% of loan amount Min.Rs.1, 000 and Max. Rs.20,000/-


Source: Bank of baroda Website

 

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