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.

Bank of Baroda offers following benefits with housing loan availed by you:

* Free Property and Personal Accident Insurance (available for stipulated tenure of loan).

* Free Credit Card – “Paras” card (Complimentary for first year) to all new home loan borrowers with loan limit of Rs. 2/- Lakhs and above

* Advance up to 90% of the principal amount of home loan repaid for any requirement (’AAA’).

* As per current IT provisions – Interest on loan upto Rs. 1.5 Lakhs per annum is exempt from income tax (Under section 23/24(I) of the Income Tax Act).
* Low Home loan interest rate.

Fixed Rates

Upto 5yrs

Up to Rs. 30 Lacs – 9.50%
Above Rs. 30 Lacs – 10.25%

Over 5yrs & upto 10yrs

Up to Rs. 30 Lacs – 9.75%
Above Rs. 30 Lacs – 10.50%

Over 10yrs & upto 15yrs

Up to Rs. 30 Lacs – 10.00%
Above Rs. 30 Lacs – 10.75%

Floating Rates

Upto 5yrs
Upto Rs.30lacs – 3.50% below BPLR i.e. 8.50%
Above Rs. 30 Lacs and upto Rs. 50 Lacs – 2.75% below BPLR i.e. 9.25%
Above Rs. 50 Lacs – 2.25% below BPLR i.e. 9.75%

Over 5yrs & upto 15yrs
Upto Rs.30lacs – 3.25% below BPLR i.e 8.75%
Above Rs. 30 Lacs and upto Rs. 50 Lacs – 2.50% below BPLR i.e. 9.50%
Above Rs. 50 Lacs – 1.75% below BPLR i.e. 10.25%

Over 15 years up to 25 years
Upto Rs.30lacs – 3.00% below BPLR i.e.9.00%
Above Rs. 30 Lacs and upto Rs. 50 Lacs – 2.25% below BPLR i.e. 9.75%
Above Rs. 50 Lacs – 1.50% below BPLR i.e. 10.50%

Baroda Home Improvement Loan (w.e.f. 01.04.2009) 1.50% below BPLR i.e. 10.50%.

Home loans sanctioned on or after 16.12.2008 – and upto 31.12.2009 – Under Special Home Loan Package

Upto 20 years
Upto Rs. 5.00 lacs – 8.50%
Above Rs. 5 lacs & upto Rs 20 lacs – 9.25%

The above rate is for the first 5 years. The rate of interest shall be reset after 5 years from the date of drawal of the first installment and borrower will then have the option for going for a fixed rate or floating rate of interest

Contact Number – National toll free number (India) 1800 22 4447 – MTNL/BSNL

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