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

Latest Bank of Baroda home loan interest rate 2015 starts from 10.00% 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: Last Updated as on 12 May 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 10.00% 10.00% 10.00%
Over 5 years & up to 15 years 10.00% 10.00% 10.00%
Over 15 years & up to 30 yrs 10.00% 10.00% 10.00%

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.

Here’s Past Trend of Bank of Baroda 5 Years on Base Rates Changes for Customer or Borrowers Prospective:

Date Change by RBI New Repo Rate Date of Change New Base Rate of Bank of Baroda
Rate Cut
4-Mar-15 0.25% - 7.50% 6-May-15 10.00%
15-Jan-15 0.25% - 7.75%
28-Jan-14 0.25% + 8.00%
29-Oct-13 0.25% + 7.75%
20-Sep-13 0.25% + 7.50%
3-May-13 0.25% - 7.25%
19-Mar-13 0.25% - 7.50%
29-Jan-13 0.25% - 7.75% 9-Feb-13 10.25%
17-Apr-12 0.50% - 8.00% 1-May-12 10.50%
25-Oct-11 0.25% + 8.50% 1-Aug-11 10.75%
16-Sep-11 0.25% + 8.25%
26-Jul-11 1.25% + 8.00% 12-Jul-11 10.25%
25-Jan-11 - 6.50% 6-May-11 10.00%

Source: Bank of baroda Website

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