Bank of Baroda Home Loan Interest Rate:
You don't contain to pass the time for your dream home for extended. from beginning to end simplified processing systems, we proffer you home loan in just 6 days. The loan is on hand for construction of new house, purchase of new/old house/flat/residential plot and extension/renovation of existing house/flat. |
Loans are too available intended for those who desire to convey their existing home loan as of another financial institution/bank to Bank of Baroda. |
Bank of Baroda provides various kinds of home loans. The different home loans are Special Home Loan Package, Baroda Home Loan to Individuals / NRIs / PIOs, Baroda Home Improvement Loan and Baroda Mortgage Loan (Realigned Product). Various documents are required for getting loan. Two types of documents are required. They are personal and financial document. for identification purpose The applicant can submit PassportVoter's identity card, Photo PAN Card, Photo ration card, Defense identity card, Driving license, Government identity card Following documents are submitted for address proof.The documents are Passport, Ration card, Society outgoing bill, Telephone (land/mobile) bill, Electricity bill, Driving license, Voter's identity card and Life Insurance Policy. The documents which can be submitted for age proof are Passport, Birth certificate, valid driving license, Voter's identity card, School leaving certificate, LIC Policy or Premium receipt clearly indicating the applicant's age and Letter from the employer stating the age of the employee. Another important point is that passport only can be used for both personal identities as well for address proof. These are the personal documents to be submitted for loan. The important financial documents are salary slip for employees and salary certificate for self-employed applicants. These are the important document to be submitted for getting a loan. Applicant requiring loan should make proper arrangement of these documents before applying for loan.
There are different interest rates in Bank of Baroda. These interest rates depend upon loan amount. For amounts in range of 5 lakh, the interest rate is 8.5%. For amount in range of 5 lakh to 20 lakh, the interest rate is 9.25%. Bank of Baroda has different types of service charges. The different service charges are listed below. For the Loans up to Rs. 20/- lakh the service charge will be 0.35%. For Loans above Rs. 20/- lakh the service charge will be 0.40%. The maximum amount that can be charged as service charge is Rs. 15000.
Processing Fees: Loans upto Rs. 20 lacs : 0.35% Loans above Rs. 20 lacs : 0.40% Maximum : Rs. 15000
Loan Tenure: 1 year to 25 years
Amount Funded: property value is up to 85%
Partial Pre-payment Charges: nill
for more details visit : Bank of Baroda Home Loan
