Best Bank of Baroda Home Loan India Noida Delhi

Bank of Baroda Home Loan in India

Bank of Baroda Home Loan Apply Now

Bank of Baroda Home Loans in India Delhi Noida provides you an opportunity to Invest in properties and become owner of your Own Home by offering various Loan products as per your budget and convenience.

Best Bank of Baroda Home Loan India Noida Delhi

Bank of Baroda offers Home Loan 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).
Bank of Baroda Home Loan Advantage in India
  • Your sanctioned Home Loan will be linked with your Saving Bank Account.

  • The rate 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.
  • The borrower will remit the Equated Monthly Installments (EMIs) into the linked SB account.
On every anniversary year of your Bank of Baroda Home Loan
  • 100 points on completion of the 1st year
  • 200 points on completion of the 2nd year
  • 300 points on completion of the 3rd year
  • 400 points on completion of the 4th year
  • 500 points on completion of the 5th year, 6th year, 7th year and so on until the closure of the loan

The eligibility for Bank of 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.

Bank of Baroda Home loan Also Provides

Bank offers following benefits with home loan availed by you:

  • You will get Free Personal Accident Insurance for stipulated tenure.
  • You will get Free Credit Card (BOBCARD –complementary for first year) to all Home Loan borrowers (first borrower) with loan limit of Rs. 2/- Lacs and above.
  • You will get concession of 0.25% in rate of interest for Car Loans.
  • You will get concession of 0.50% in rate of interest for Loan for consumer durables.
  • Top up Loan (Baroda Additional Assured Advance –AAA) can be availed 5 times during loan period.
  • (Minimum Rs.1/- Lac, Â Maximum Rs.200/- Lacs or 75% of residual value of house property after deducting 150% of outstanding loan amount of existing Home Loan, whichever is lower).
Terms & Conditions of Bank Of Baroda Home Loan

In case of Salaried:

A 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
 

In case of others viz. professionals / self-employed / businesspersons etc., 5 times of average annual income (last three years).

Margin on Bank of Baroda Home Loan:
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%
 
  • Bank will take an equitable mortgage of the housing property and/or other suitable securities as security against the loan amount.
  • There are no charges on prepayment or for closure of loan account.
  • The loan can be repaid in a maximum period of 30 years taken under floating rate option subject to the period up to age of retirement in case of salaried persons and 70 years in case of others.
Documentation Required for Bank of Baroda Home Loan

The common documents which are required to be submitted while applying for a Bank of Baroda Home Loans (at pre approval stage) are

  • Photo Identity Proof

  • Residence /Address Proof

  • Proof of Age

  • Passport size photographs

  • Signature verification from existing banker along with copy of Bank statement for last six months.

  • Copy of PAN CARD

  • Copy of the document to title of the property.

  • In case of construction of house approved plan, detailed estimated cost of construction certified by architect along with title deed of the property are required to be submitted.
Bank of Baroda Home Loan for For salaried class persons

Last 4-6 months’ salary slips along with Form no. 16 for last 3 financial years.

Bank of Baroda Home Loan for Self employed/ Business persons

Copy IT Returns for last three years along with last IT assessment order, Copy of Audited Balance Sheet and Profit & Loss A/cs for last three years.

You are appling for this Bank.

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