Bank of Baroda Home Loan Review

I need to take loan from Bank of Baroda. Can you mention me brief details of home loan products of Bank of Baroda?

[Pathak]

Bank of Baroda offers Home loan for the following purposes

Construction of house.
Repaying a loan already taken from other Housing Finance Company / Bank.
Purchase of new / old dwelling unit.
Purchase of plot of land for construction of a house.
Repayment period up to 25 years

I am giving the interest rate of the Bank for Home loan Go through it.

Loan Tenure to 30 Lac > 30 lac - 75 lac
5 y Base Rate + 0.25% Base Rate + 0.50%
Over 5y & upto 15y Base Rate + 0.25% Base Rate + 0.50%
Over 15y & upto 25y Base Rate + 0.25% Base Rate + 0.50%

Some people consider the home loan as the best among any other home loans given by Nationalized Banks. Some customers are not satisfied with the interest rates.

Hii sir, I wants to apply for the home loan in bank of baroda please provide me the details of the Home loan policies of the baroda bank ?

[Raman Vij]

As you asking for the Hoame loan schemes of the baroda bank the details of the bank of baroda home loan policies are given below:

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).


Margins :
Category of Home Loan LTV (%) Margin (%)
Upto Rs.30 lakh 90% 10%
Above Rs. 30 lakh and upto Rs. 75 lakh 80% 20%
Above Rs. 75 lakh 75% 25


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

Interest rates :

Interest Rate (Floating) 9.65%
Processing Fees Nil
Loan Tenure 30 years
Pre-closure Charges Nil


Documents required :
Signed application form with photograph
ID and residence proof
Last 3 months bank statements
Latest Salary certificate/ Last 3 months Salary-slips
Documentation for salaried applicants:
Form 16/Income tax returns (2 years)
Documentation for self-employed applicants:
Income Tax Returns for latest year


More details you may contact to the nearest branch of the bank of baroda