Bank Of Baroda Home Loan Advantage

Hello sir, I am Sanjay Sharma. I am from Kolkata. I want you to help me by giving me some information about the Bank of Baroda, Baroda home loan advantage. Tell me something about it.

[Pathak]

As you have asked about the Bank of Baroda, Baroda home loan advantage, I am giving you some information about it, check below for the details

Home Loan sanctioned will be linked with Saving Bank Account.
Rrate of interest applicable on this SB account will be Zero.
Under this scheme, the borrower shall have the option to deposit all his savings in the linked SB account to avail maximum benefit of interest in the Home Loan account.
Any credit available at the end of the day will be counted for credit in linked Home Loan account. Therefore, the borrower will get the benefit of interest in the Home Loan account to the extent of daily outstanding balance in the Savings Bank account.
The borrower will remit the Equated Monthly Installments (EMIs) into the linked SB account.
Recovery of EMI will be made by way of auto recovery from the linked SB account only.
The eligibility for Baroda Home Loan Advantage will be calculated as per the existing guidelines of Baroda Home Loan to Individuals and Baroda Home Loan to NRI/PIO.

Rate of Interest:

Loan amount upto Rs.75 Lacs:
ROI as applicable to regular Home Loan [i.e., Base Rate (9.65% at present)]

Above Rs.75 Lacs:
0.25% over the ROI as applicable to regular Home Loan [i.e., Base Rate+0.25% (9.90% at present)]