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Bank of Baroda Home Loan

Give Happiness a whole new meaning in your Own Home.

Bank of Baroda Pre Approved Home Loan provides in-principle approval for a Home Loan prior to identification of a specific house/flat/plot by a prospective applicant of Home Loan. Home loan rates of BOB is the best in the market without any differentiation in loan amount or tenure, salaried or self-employed, NRI. 

All Existing Home Loan Borrowers including NRIs /PIOs, Staff and Ex-staff Members( availed home loan under the public scheme as well as Staff Housing Loans)

  Salaried Self Employed Professional
Age 21 To 60 Years 21 To 65 Years 21 To 65 Years
Loan Amount 10 Lakh To 5 Crores 10 Lakh To 10 Crores 10 Lakh To 10 Crores
Tenure  Upto 30 Years Upto 30 Years Upto 30 Years
Rate of Interest / APR [Annual Percentage Rate] 8.15% 8.15% 8.15%
Features OD Facilities With Term Loan OD Facilities With Term Loan OD Facilities With Term Loan
Processing Fees 0.50% Or Rs. 8,500/- To Rs. 25,000/- maximum 0.50% Or Rs. 8,500/- To Rs. 25,000/- maximum 0.50% Or Rs. 8,500/- To Rs. 25,000/- maximum
Special NA NA NA
Documentation KYC/Financial(2 Years) & Property Documents. KYC/Financial(2 Years) & Property Documents. KYC/Financial(2 Years) & Property Documents.
Eligibility

All resident and non-resident Indians between 21 and 65 years are eligible for our home loans.

  • Purchase of new/old dwelling unit.
  • Construction of house.
  • Purchase of a 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).
  • Reimbursement of cost of plot of land (purchased within 24 months)

All resident and non-resident Indians between 21 and 70 years are eligible for our home loans.

  • Purchase of new/old dwelling unit.
  • Construction of house.
  • Purchase of a 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).
  • Reimbursement of cost of plot of land (purchased within 24 months)

All resident and non-resident Indians between 21 and 70 years are eligible for our home loans.

  • Purchase of new/old dwelling unit.
  • Construction of house.
  • Purchase of a 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).
  • Reimbursement of cost of plot of land (purchased within 24 months)
Particulars Salaried Self Employed Professional
Age(Min-Max) 21 To 60 Years 21 To 65 Years 21 To 65 Years
Minimum Income 2,50,000/- p.a 3,00,000/- p.a 3,00,000/- p.a
Co-applicant NA NA NA
Loan Tenure Upto 30 Years Upto 30 Years Upto 30 Years
Maximum Loan Amount Upto 5 Crore Upto 10 Crore Upto 10 Crore
Employment/Business Continuity Min. 1 Years Min. 3 Years Min. 3 Years
CIBIL Score 600+ 600+ 600+

Document required for Salaried Employee

  • Proof of Identity
  • Proof of Address
  • Passport size photographs
  • Latest Bank statement 
  • Last 3 months salary slip
  • Copy of PAN Card
  • Property Document: Possession letter, Latest property tax receipt, Copy of approved plan for construction/ extension
  • Form no. 16 for the last 3 financial years

Document required for Self-Employed and Professionals

  • IT Returns for the last three years
  • last IT assessment order
  • Audited Balance Sheet and Profit & Loss A/cs for last three years
Fee Amount to be Paid
Rate of Interest 8.15%
Loan Processing Charges 0.50% Or Rs. 8,500/- To Rs. 25,000/- maximum
Cheque Bounce Charges NA
Cheque/ Instrument Swap charges NA
Prepayment/ Foreclosure Charges NA
Default Interest Rate NA
Duplicate Statement Issuance Charges NA
Duplicate Amortization Schedule Charges NA
Duplicate Interest Certificate NA
S(Provisional/ Actual) issuance Charges NA

Feature of Bank of Baroda Home Loan

  • Low interest rates and processing charges: We offer among the best home loan interest rates, making it easier for you to own the home of your dreams. In addition, the processing charges on our home loans are minimal, and there no pre-closure charges.
  • Higher loan amount: You can improve your eligibility when you add a close family member as co-applicant to your home loan. This will enable you to receive a higher home loan amount.
  • Free credit card and insurance: With our home loan, you can enjoy a free credit card and concession of 0.25% for car loans. Additionally, we offer free accident insurance with every home loan.
  • You can also opt for group credit life insurance cover when you apply for a home loan. This cover protects the family against the death of the borrower, and the family is not required to repay the home loan to the extent of the claim amount. You can pay the premium for the cover along with the EMIs of your home loan.
  • Longer tenures: With a tenure of up to 30 years on home loans, you don’t need to worry about high equated monthly installments (or EMIs). Instead, easily repay your home loan in EMI amounts best suited to your financial needs.
  • Top up loans: One of the key benefits of our home loans is that you can apply for a top-up loan during your loan tenure, up to a maximum of five times.

Advantage of Bank of Baroda

  • Any credit available in the linked SB a/c at the end of the day will be counted for credit in linked Home Loan account. Consequently, the borrower will get the benefit of interest amount reduction in the Home Loan account to the extent of daily outstanding credit balance in the Savings Bank account.
  • The Home Loan sanctioned will be linked with Saving Bank Account.
  • The rate of interest applicable on this SB account will be Zero.
  • Under the 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.
  • The borrower will remit the Equated Monthly Installments (EMIs) into the linked SB account.
  • Recovery of EMI will be made by way of auto recovery from linked SB account only.

Benefits of Bank of Baroda

  • Baroda Pre Approved Home Loan provides in-principle approval for a Home Loan prior to identification of a specific house/flat/plot by a prospective applicant of Home Loan.
  • It gives the customer greater flexibility in negotiations with builders/sellers.
  • The customer is assured of eligible loan amount.
  • The in-principle sanction letter for Baroda Pre Approved Home Loan will give eligible loan amount calculated as per prevailing interest rates and other existing guidelines of Home Loan.

Advantage for Customer

  • Instant Home Loan Approval
  • Lowest Rate of Interest
  • Easy Home Loan Upto 10 Crore
  • Maximum Tenure Upto 30 Years
  • Flexibile Repayment Tenure
  • Low EMI
  • Doorstep Services
  • Simple Documentation
  • Quick Disbursal
segmentation

Advantage with Loanmoney

Loanmoney is one of the leading Loan Agency inDelhi/NCR. We offers all types of Loans & Credit Cards like
Personal Loan,Credit cards, Home Loan, Business Loan and Loan Against Property .

Loan Money's main objective is to provide Best deal with Multiple option with Transparency & safety. We deal with over 35 Banks & NBFC`S. ,Our main focus is customer satisfaction that's why our customer rate us over 4.8 out of 5 on Google review rating, Its shows our level of commitment & services towards our customers.


  • Expert & Experience Loan Advisor
    We are a team of young and energetic professionals from diverse backgrounds like Ex Bankers, CAs to guide hassle free Loan process and to deliver on commitment.

  • Multi Bank Option
    Loanmoney deals with Over 35 Banks & NBFCs,As per customer profile & financial we will give you minimum 3 best deal for your Personal Loan which is available in the market.

  • Free Door step Service
    Loanmoney doesn't charge anything against the customer for the Service of your Loan and help you to get desire Loan amount with lowest Rate.

  • End to End services
    We are very vibrant and dynamic Loan agency who manage all the processes ourselves from lead sourcing to Loan Disbursal. We work for customer utmost satisfaction.

  • Transparency & Safety
    We will share every terms and conditions related with your Loan process like interest rates, payment tenure, EMI and any other charge applied during Loan process & at before loan disbursement on recorded lines.

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