#1
25th November 2015, 05:07 PM
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Personal Loan in Bank of Baroda Dubai
I want to apply for the Personal Loan/Home Loan in Bank of Baroda, as I am the residence of Dubai so please tell me how can I apply for this?
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#2
26th November 2015, 10:02 AM
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Re: Personal Loan in Bank of Baroda Dubai
Bank of Baroda's Personal Loan offers financial help to meet your personal requirements. Baroda Home Loans to NRIs / PIOs Eligibility: Non-Resident Indians (NRIs) holding Indian passport or Persons of Indian origin (PIOs) holding foreign passport, singly or jointly. Must be employed/self-employed or having a business unit and staying abroad at least for 2 years Must have minimum gross annual income equivalent to Rs. Five lacs per annum In case of salaried persons - 48 times of monthly income (average of last 2 years income including incentive, commission, bonus etc.) For others - 4 times of average (last 2 years) annual income. Age limit: Minimum age must be 21 years. Age of the borrower plus repayment period should not be beyond retirement age or 65 years Margin: 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% Repayment Period: Maximum 15 years including moratorium. Baroda Home Loans to NRIs / PIOs |