Lowest interest rates & EMI
Give happiness a whole new meaning with home loan starting @8.40%
Are you are dreaming of buying your own residence? Opt for Bank of Baroda Home Loan. Our bob home loan is packed with several exclusive features and benefits for aspiring homeowners. Our housing loan can be used for a variety of purposes.
FAQ's
To find out how much interest on home loan is applicable please visit Interest Rate page
Various documents pertaining to KYC, personal identification, property related documents, income proofs etc. are required for availing home loan. Please see the details
Loan amount is determined on the basis of the repaying capacity of the applicant/s. Repaying capacity takes into consideration factors such as age, income, dependents, assets, liabilities, stability of occupation and continuity of income, savings, etc.
The maximum loan would be Rs.10 crores per unit to any individual applicant based on the area where the property is proposed to be constructed/purchased. We will extend a loan of up to 90% (for newly constructed houses/flat) of the cost of property under our Housing Loan Scheme.
We grant a term up to a maximum of 30 years. The term for the loan will under no circumstances exceed the age of retirement or completion of 65 years of age, whichever is earlier.
- Home Loan is to be repaid in EMI (Equated Monthly Instalment).
- In case of farmers / agriculturists, repayment can be allowed in Half Yearly installments coinciding with harvesting/marketing of major crops produced.
- Recovery of interest for the moratorium period: ‒ Interest charged during the moratorium period is to be recovered as and when debited.