Bank of Baroda offers you easy Home loan suiting your budget limit to help you be a proud owner of a home. You can take loan for purchase of new / old house, construction of house, purchase of plot for construction of a house, or repayment of loan already taken from other housing finance company / bank or for the repayment period up to 25 years i.e. floating rate option. Bank of Baroda gives you certain benefits on taking home loan like free property and personal accident insurance- is available for predetermined tenure of loan. New home loan borrowers get a complimentary free credit card “Paras” for first year on the limit of Rs 2/- Lakhs and above, etc.
Highlights
Interest Rate
0%
Loan Amount
Min. - Rs 100000
Max. - Rs 3000000
Tenure
Min. - 5 Yrs.
Max. - 25 Yrs.
Time to Process Loan
6 days
Interest Rates
Tenure
Interest Type
Interest Rate
Offer
15 - 25 Yrs.
Floating
11.75 %
Regular ( Concession of 0.25 % in interest rate available upto 30.11.2011 during Retail Loan Festival Campaign on Home Loan)
5 - 15 Yrs.
Floating
11.5 %
Regular ( Concession of 0.25 % in interest rate available upto 30.11.2011 during Retail Loan Festival Campaign on Home Loan)
1 - 5 Yrs.
Floating
11.25 %
Regular ( Concession of 0.25 % in interest rate available upto 30.11.2011 during Retail Loan Festival Campaign on Home Loan)
Fees & charges
Fees & charges
Processing Fee
0.5 %
Eligibility Criteria
Eligibility Criteria
Salaried
Salaried:
Annual Income
Rs 120000
Age
Min.: 24 Yrs. Max.: 55 Yrs.
Documents Required:
ID Proof
Yes
Residence Proof
Yes
Income Proof
Yes
Telephone
Yes
Photograph
Yes
Bank Statement
Yes
Signature Proof
Yes
Security
Security
Equitable / legal mortgage of the property constructed / purchased or property to be renovated / repaired etc.
Personal guarantee of spouse / family member, residing in India. In case the spouse is also residing abroad, personal guarantee of one / two persons resident in India shall be obtained.
The borrower can opt for flexi rate option. This will facilitate him / her to hedge the interest rate risk