All big things have small beginnings because great things are done by a series of small things that are brought together for a perfect conclusion. The Bank of Baroda is the epitome of strength and growth; it has successfully grown by growing others. It narrates a story that is scripted in corporate wisdom, pride, and resilience narrating a saga of vision, enterprise, financial prudence, and corporate governance. BOB has witnessed a great journey from a small building in Baroda to its new hi-rise and hi-tech Baroda Corporate Centre in Mumbai which is freshly blooming and sparkling with amazing results and achievements.
Bank of Baroda is here to turn your dream of owning a home into reality with an amazing series of Home Loans. Whether you are buying an apartment, constructing a house, or renovating your home, they have the right home loan. The loan amount is determined based on the repaying capacity of the applicant.
The repaying capacity depends on factors such as age, income, dependents, assets & liabilities, stability of occupation, continuity of income, savings, and more. The customer needs to have authentic documents related to KYC, personal identification, property-related documents, income proofs, and more to enjoy every feature of home loans without any doubt or fear.
Bank of Baroda offers home loans at both fixed and floating interest rates. The loans are approved depending on the employment profile, loan amount, and type of home loan offered to its home loan applicants. The bank has evolved with various types of beneficial home loans such as Baroda housing loan, Baroda home loan advantage, Baroda home loan takeover scheme, home improvement loan, Baroda pre-approved home loan, Baroda top-up loan, and Pradhan Mantri Awas Yojana.
The bank offers loans up to Rs.10 crores per unit to any individual applicant based on the area where the property is proposed to be constructed or purchased with the tenure being up to 30 years
It offers home loans at attractive rates of interest to corporations and non-individuals for purchasing to constructing houses. The Bank of Baroda home loan interest rate starts at 9.15% p.a. with a processing fee of up to 0.50%. The bank offers loans up to Rs.10 crores per unit to any individual applicant based on the area where the property is proposed to be constructed or purchased with the tenure being up to 30 years. The best key feature of the Bank of Baroda is that you can choose a top-up loan up to five times during the loan tenure. Additionally, the term for the loan will not exceed the age of retirement or completion of 65 years of age.
The bank offers home loans for purposes such as purchasing plots, flats, or houses, constructing homes and extending existing homes, linking the home loan account with an overdraft account, to cover costs related to repair or renovation of an existing home including the purchase of new furniture, furnishings, and fittings such as fans, geysers, air conditioners, air purifier, water filter, and more, and home loans under PMAY catering to the housing finance needs of customers who want to fall under the economically weaker sections, low-income groups and middle-income groups.
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