Main Benefits of the BoB Home Loan
✅Rs 20 crores released within Rs.
✅ Repayment period up to 30 years
✅Interest rate8.40% per annum
✅Transfer your home loan balance to Bank of Baroda at no additional cost
✅Processed housing income with in-principle approval before identification of residential property, valid for 4 months.
✅ Insurance coverage and risk premium of 0.05% is applicable for customers who do not obtain credit insurance coverage
Search BoB Home Loan
Do you dream of purchasing your own residence? Opt for Bank of Baroda Home Loan. Your BoB Home Loan is loaded with many exclusive features and benefits for aspiring home owners. Home loans can be used for various purposes.
For example, you can buy land, buy an apartment, build your own house and even expand your existing house with a home loan. Use the BoB Home Loan Calculator to find out your BoB Home Loan interest rate and much more!
Aauthor’s opinion
Apart from BOB Home Loan, Bank of Baroda has expanded its portfolio to include a diverse range of financial products including personal loans, car loans and many other offerings. Catering to the versatile financial needs of its customers, Bank of Baroda ensures access to the required funding solutions for a variety of purposes.
Be it fulfilling personal aspirations, acquiring assets like a car, or meeting immediate financial needs, Bank of Baroda’s wide range of products aims to provide reliable and convenient financial assistance. With competitive interest rates, flexible repayment terms and efficient processing, Bank of Baroda stands as a trusted partner for individuals looking for a reliable financial institution to meet their diverse financial needs and aspirations.
Why do we recommend the loan to you?
Bank of Baroda offers home loans at 8.40% per annum for a tenure up to 30 years and a loan amount up to Rs. 200 million. It also provides balance transfer facility to existing home loan borrowers from other banks and housing finance companies at lower interest rates. The bank also offers pre-approved home loans, which involve in-principle approval before identifying the home property, which is valid for 4 months.
Who can apply for this loan?
Selection Criteria:
Resident Type:
✅Resident Indian
✅Non-Resident Indians (NRIs) holding Indian passports or Persons of Indian Origin (PIOs) holding foreign passports or Overseas Citizens of India (OCIs)
Minimum and Maximum Age and Reimbursement Period:
✅Applicant:- 21 years
✅ Co-applicant:- 18 years
✅Maximum Age: 70 years
✅ Loan tenure: Up to 30 years.
Maximum loan amount per area of availability:
✅Mumbai: Rs. 200 million
✅Hyderabad, New Delhi and Bengaluru: Rs. 7.50 million
✅ Other metropolitan areas: Rs. 5.00 million
✅Urban Area: Rs. 3.00 million
✅Semi-Urban and Rural: Rs. 1.00 million
✅Chandigarh, Panchkula and Mohali:- Rs. 50 million