Hello dear readers, hope you are doing well, today we will know about How to get Bank of Baroda Home Loan, Eligibility, Interest Rate, EMI Calculator, Minimum Salary, Civil Score and more details that we read in this article please read till the last.
If you want to apply for Bank of Baroda home loan then this article is for you. Home loan comes under the category of secured loan. You have to pledge something to the lender to take this loan. To fulfill your dream of home, you can apply for Home Loan of Bank of Baroda.
In this article we will know that Bank of Baroda What is home loan, how much loan amount Till we can get home loan, who can apply for Bank of Baroda home loan, what is the interest rate of this loan and how can we apply online etc. That’s why you read this article till the end.
Bank of Baroda Home Loan
Any person who is a resident of India or a non-resident can apply for Bank of Baroda Home Loan. For any of your reasons related to home Home Loan Can be taken such as to buy a house, to build a house or to renovate the house.
To take Bank of Baroda home loan, you have to apply online or offline in it. The loan amount is based on the income of the applicant and his CIBIL Score will be given on the basis of Yours credit score And the better your income, the higher the loan amount you can get.
Can take home loan from Bank of Baroda at low interest rates. If you close your loan prematurely, then the bank does not charge you any fee.
Bank of Baroda Home Loan is also very less. Any salaried person and self employed person can apply for Bank of Baroda home loan. From Bank Of Baroda Prime Minister’s Housing Scheme You can get subsidy on home loan under
If you want to apply for Bank of Baroda Personal Loan, then you can apply by clicking on this link “ Bank of Baroda Personal Loan ”.
Key Features of BOB Home Loan
- Loan Name: Bank Of Baroda Home Loan
- Name of the lending bank: Bank of Baroda
- Loan Amount: Depends on your income
- Interest Rate : Starting from 8.45% pa
- Loan tenure: 30 years
- Age to apply: 21 to 70 years
- Application Mode: Online / Offline
- Official Website: https://www.bankofbaroda.in/
- Application Form Download : Click Here
BOB home loan amount
Now let’s talk about friends, how much you can get home loan under Bank of Baroda Home Loan. The loan amount is based on your income and your credit score depends on the basis of If your income is high and your credit score is also high then you can get the maximum loan amount. Bank of Baroda home loan amount also depends on the applicant’s location. The maximum amount of this home loan can be Rs 1 crore in semi-urban and rural cities and the maximum loan amount can be from 5 crore to 10 crore in metropolitan areas.
Interest Rate of Bank of Baroda Home Loan 2024
Before taking a home loan, you should know completely how much interest rate the bank will charge from you on this loan. Bank of Baroda home loan interest rate is linked to Bank of Baroda Repo Linked Lending Rate (BRLLR) and is reset on a monthly basis. But generally the interest rate of this home loan starts from 8.45% per annum.
Before taking a personal loan, we should Personal Loan Interest Rate Similarly, before taking a home loan, we need to know about Home Loan Interest Rate It is necessary to have information about If you apply for that loan without knowing the interest rate of the loan, then you may have to face difficulties at the time of repayment of the loan.
You can see the interest rate in the table given below:
| loan amount | Rate of interest |
| ₹ 30 Lakh | 8.45% |
| ₹ 30 Lakh – ₹ 50 Lakh | 8.45% |
| ₹ 50 Lakh – 75 Lakh | 8.45% |
| Above ₹ 75 Lakh | 8.45% |
Benefits and Features of Bank of Baroda Home Loan
- You can apply for Bank of Baroda Home Loan to buy a house, to build a new house or to renovate the house.
- Loan amount depends on your income and your credit score.
- Bank of Baroda home loan tenure is up to 30 years.
- The bank charges you very low processing fee on home loan and no fee (pre-closure fee) is charged from you for premature closure of your loan.
- If you add a family member as a co-applicant in your home loan, it will improve your eligibility and make you eligible for more home loans.
- Bank of Baroda home loan, you can get a free credit card and an interest rate discount of 0.25% on car loans.
- You can also select the option of group credit life insurance cover while applying for a home loan.
- 30 years for Bank of Baroda Home Loan so that you can easily repay your loan amount in suitable monthly installments (EMIs ).
- Bank of Baroda also gives you the facility of Top up loans against home loan. You can do this for a maximum of 5 times during the tenure of the home loan. Top up loans can apply for
- Anyone aged 21 to 70 Bank of baroda home loan can apply
- Bank of Baroda Variety home loan scheme provides.
Group Credit Life Insurance cover (Group Credit Protect Plus Insurance plan): While applying for BOB home loan, you can select the option of Group Credit Protect Plus Insurance plan. This plan protects the family from the death of the borrower. So that the family does not need to repay the home loan to the extent of the claim amount. Beneficiaries can pay the premium for this cover along with their home loan EMI. can |
Collateral : You will need collateral to avail Bank of Baroda home loan. Normally the bank accepts the property being constructed/purchased as collateral. But in some cases, the bank also accepts insurance policies, government promissory notes, shares and debentures, gold jewelery etc. as collateral against home loans.
Co-Applicant ( CO-Applicant): If you add any member of your family as a co-applicant with your home loan, then you can improve your eligibility. By adding a co-applicant, you can be entitled to get a higher amount under the home loan. You can add your family member or your close relatives as co-applicants.
List of close relatives: husband, father, mother (including stepmother), son (including step-son), son’s wife, daughter (including step-daughter), daughter’s husband, brother/sister (including step-brother/sister), brother’s wife, sister ( You can add husband or wife, sister’s husband, husband or wife’s brother (including half-brother) as a co-applicant.
Types of Home Loan
Bank of Baroda offers various types of home loans to its customers. Here is the information about the home loan provided by Bank of Baroda, you can see it:
- Baroda Pre Approved Home Loan
- Home Improvement Loan
- Subsidy Scheme For Housing The Urban Poor (ISHUP)
- Baroda Home Suvidha Personal Loan
- ( CRGFS)
- Baroda Top Up Loan (Resident/NRI/PIO) ( Baroda Top Up Loan (Resident/NRIs/PIOs))
- Mantri Awas Yojana (PMAY) ( Pradhan ) Mantri Awas Yojana (PMAY))
- Baroda Home Loan Takeover Scheme
BOB Home Loan Fees & Charges
It is very important for you to know which of the charges you have to pay on the home loan. Here is information about Fees & Charges. If you want to close your loan prematurely, then the bank does not charge you any fee.
Bank of Baroda charges a unified advance fee in case of home loan which is as follows:
- processing fee
- Document Verification / Revision Fee
- Pre Clearance Inspection (Contact Point Verification CPV) Fee
- one time post inspection fee
- Advocate Fee for Legal Opinion
- Evaluator Fees for Assessment
- bureau report fee
- CERSAI Fee
- ITR Verification Fee
Below is a table of processing charges for different home loan schemes. You can see this:
Post sanction processing fee table of Processing Fees for Home Loan
| S. No. | Area of Banking Service | Service Charges (excluding GST) wef. 20.06.2019 |
| 1 | Baroda Home Loan & Baroda Home Improvement Loan | Slab- wiseUp to Rs 50 lakh 0.50% of the loan amount: Minimum: Rs 8,500 (Upfront) Maximum: Rs 15,000Above Rs 50 lakh 0.25% of the loan amount: Minimum : Rs 8,500 (upfront) Maximum: Rs 25,000The above charges are unified processing charges which include inspection, valuation and legal fees.The above charges are for all categories of borrowers under Home Loans. |
| 2 | Baroda Home Loan Top Up | 0.35% Minimum: Rs 5,000 (upfront) Maximum: Rs 12,500 |
| 3 | Takeover of Home Loan (Resident /NRI/PIOs) | Flat: Rs 8,500 (upfront) |
| 4 | Pre-Approved Home Loan (In- Principle Sanction) | 0.25% – 0.50% Rs 8,500 (upfront). Suppose the borrower submits the property documents within the validity period of a pre-approval letter. In that case, the balance amount of unified processing charges applicable to Home Loan will be recovered from the borrower. |
Bank of baroda home loan eligibility
Now let’s talk about what is the eligibility of this home loan of friends. If you are eligible for this home loan then you can apply for it. Eligibility is given to you here:
- Any resident or non-resident of India can apply for Bank of Baroda Home Loan.
- Applicant age should be between 21 to 70 years.
- The minimum age of the co-applicant should be 18 years.
- You can take a home loan for the following reasons:
- Purchase of new / used residential unit
- house construction
- Buying a plot of land to build a house
- Repayment of loan already taken from other housing finance company/bank
- Reimbursement of cost of plot of land ( purchased within 24 months)
- Individual can apply singly or jointly.
- HUF are not eligible.
- Any salaried person ( salaried person) and self employed ( self-employed) person can apply.
- Applicant/Co-applicant/s (whose income is considered for eligibility) should be in job/business/profession for minimum – 1 year (for salaried) and/or – 2 years (for non-salaried).
Documents required for Bank of Baroda home loan
Documents for Indian Resident:
- Duly filled and signed application form with three photographs
- Proof of Identity – PAN Card ( Mandatory for loan application above Rs. 10.00 lakhs)
- Driving License / Voter ID Card / Passport / Aadhar Card
- Proof of Residence (Driving License / Ration Card / Voter ID Card / Passport / Aadhar Card / Registered Rent Agreement)
- Loan account statement of last 1 year along with sanction letter if there is any previous loan. (If Loan from BOB, Account No. / Customer ID is required)
- Proof of assets like LIC/NSC/KVP/MF/Property
- and Liabilities statement
- ITR Verification report
Applicants/Co-applicants whose income is to be considered Additional documents for eligibility:
| Salaried Individuals | Self Employed Individuals / Professionals / Others | farmer / cultivator |
| Latest 3 Months Salary Slip and Latest 1 Month Salary Slip for Guarantors | Balance Sheet and Profit and Loss Account, Computation of Income – Last 2 Years | Talati/Gram Sevak/Village Revenue Officer certificate of income of last two years and Mamladar/Block Revenue Officer certificate for last year’s income |
| Form 16 and ITR – Last 1 year (if any) of applicants and guarantors | Income Tax Returns – For Applicants Last 2 Years, 26 AS, Trace | |
| Copy of Employee Identity Card provided by the employer | Occupation Proof: Gomasta License, Registration Certificate, Service Tax Registration, etc. | Land Revenue Record – Form 6, 7/12, 8A |
| Appointment/confirmation/promotion/increment letter Proof of period of employment | Clearance Certificate, Income Tax Challan / TDS Certificate (Form 16A ) / Form 26 AS for income declared in ITR | |
| 6 Months Bank Account Statement ( Salary / Individual) or Account Number if the account BoB is near. | In case of applicants engaged in business through Partnership Firm/Private Limited Company : 1. PAN Card of the Firm, Address Proof of Firm/Company 2. Co. Memorandum and AOA of the Firm/Company 3. ITR and Audited Result of the last 2 years 4. Current Account Statement-Last 1 Year | 12 Months Bank Account Statement ( Individual) |
Documents for NRI/PIO/OCI ( NRI/PIO/OCI) :
- Duly filled and signed application form with photograph
- copy of visa stamped passport
- Proof of residence (in India and abroad) (in addition to the above identity proof): Driver’s License / Ration Card / Voter ID Card / Passport / Aadhar Card / Registered Rent Agreement
- Foreign bank account details (including salary account) for the last 6 months
- Details like name, relation, address, contact number of the local contact person
- NRE savings bank account details for last 6 months
- Statement of accounts of all existing loan accounts for the last 1 year. (For loan from BOB in India, account number and customer ID should be mentioned in the application form)
- Credit inquiry report from foreign credit bureaus (like D&B etc.) (if already received)
- Additional Documents for PIO:
- Current passport showing place of birth in India/abroad
- Indian passport, if held earlier
- Passport of the parent or grandparent with details confirming their claim of being a PIO
- Copies of property documents (this may vary from state to state) :
- Agreement for Sale
- Blueprint (approved plan copy) PS: Gram Panchayat approval is not acceptable by the bank if not supported by town planning approval
- Non-Agriculture ( NA) Certificate
- Commencement Certificate (CC) – ( for flat, if applicable)
- Completion certificate in case of ready flat / old flat / house, if applicable
- Occupancy Certificate (OC) – in case of ready-made flat/old flat/house, if applicable
- Latest Tax Payment Receipt (Property) – In case of old flat/house
- Society Registration Certificate – In case of ready-made old flat/house, if applicable
- Share Certificate – In case of old flat/house, if applicable
- All payment receipts to builder/seller – both new and old
- development agreement of builder registered copy), if applicable
- Series of old contracts (for flat resale) – in case of old flat/house
- Title Clearance Report from Approved Advocate
- Appraisal report from approved valuer of the bank
Additional Documents for Salaried Individuals and Self Employed :
| Salaried Individuals | Self Employed |
| Copy of employment contract (in local language) | With balance sheet and profit and loss accounts of the business/profession |
| Copies of personal income tax returns for the last two years (India/foreign) | Copies of personal income tax returns for the last three years (India/foreign) |
| Attested copy of latest salary slip for last 6 months | note giving information about the nature of business/profession |
| Copy of identity card issued by current employer | Occupation proof (valid registration any two), proof of place of business and its address. |
| Continuous Discharge Certificate, if applicable | Continuous Discharge Certificate, if applicable |
| copy of latest work permit |
Bank of Baroda Home Loan Apply
If you have read this article completely then you must have come to know whether you are eligible for this home loan or not. If you are eligible for this loan, then you can apply in it both online and offline. Information about both the process of applying is given here. First of all let us know how we can apply for this loan online.
Bank of baroda home loan online apply:
apply online, follow the steps given below :
- First of all you have to go to Bank of Baroda You have to visit the official website of https://www.bankofbaroda.in/.
- On the home page of the website, the option of home loan has to be selected in the option of Loans.
- On the next page you will see the option of Apply Now, click on it.
- After clicking, a form will open in front of you.
- entering the required details in this form, you have to click on Proceed.
- After that your request will go to the bank. The bank will contact you, verify your documents and after that the loan process will be carried forward.
How to Apply Offline for Bank of Baroda Home Loan ?
If you do not want to apply online then you can apply offline. The process to apply offline is given here:
- First of all you have to go to your nearest branch of BOB.
- After going to the bank, you have to go to the loan counter and tell the bank official that you want to apply for the home loan.
- The employee of the bank will provide you all the information related to the home loan.
- After that your CIBIL score will be checked and your documents will be verified.
- After verifying the documents, you will be told how much loan amount you can get a home loan.
- If you get it approved then the loan process goes ahead.
- If you fulfill all the conditions of the bank, then your home loan is approved in a very short time and the loan amount is transferred to your bank account.
apply for home loan, you can give a misscall or SMS to the bank on the number given below :
Give a missed call : 846 700 1111 or
SMS – HL <space> Name to 842 200 9988
How to check Home Loan Status ?
If you have applied for a home loan and want to check the status of your application, you can check it by following the steps given here :
- To track the status of your application, first of all visit the official website of the bank.
- Select the option of home loan in the option of Loans on the home page.
- on the next page you Track /Continue Application Status Click on this option will appear.
- Now the login form will open in front of you. You can login with the help of your email id or mobile number.
- After logging in, you can check the status of your application.
How to login BOB home loan ?
- First of all visit the official website of the bank https://www.bankofbaroda.in/.
- Loans on the home page, select the option of Home Loan.
- Click on Apply Now option.
- On the next page, you will see the option of Login, click on it.
- A box will open in front of you. In this, you can log in with the help of your email id or mobile number.
BOB Home Loan EMI Calculator
should calculate your EMI before applying for the loan. By which you will be able to know that if you pay the loan, then how much EMI will you have to pay. If you do not calculate EMI and you apply for more loan then it can create trouble for you later.
You can calculate your EMI by visiting the official website of Bank of Baroda https://www.bankofbaroda.in/home-loan-emi-calculator.htm. Here you have given some examples of EMI, you can see them:
| loan amount | 10 year loan | 15 year loan | 30 year loan |
| ₹ 10 Lakh h | ₹ 11,48 2 | ₹ 8,849 _ | ₹ 6,48 6 |
| ₹ 20 Lakh h | ₹ 22,96 5 | ₹ 17,69 8 | ₹ 12,97 2 |
| ₹ 30 Lakh h | ₹ 34,44 7 | ₹ 26,54 7 | ₹ 19,45 8 |
| ₹ 50 Lakh h | ₹ 57,41 2 | ₹ 44,24 5 | ₹ 32,43 0 |
Bank Of Baroda Home Loan Customer Care Number
If you want to get any kind of other information regarding home loan, then you can contact on Bank of Baroda Home Loan Customer Care Number. To know the contact number, you have to visit the official website of the bank. The Contact Us option will appear on the home page of the website, click on it. After clicking, all the contact details will appear in front of you.
- Toll free number- 1800 220 400
- Give missed call : 846 700 1111
Conclusion:
In this article we have given you Complete information is given about How to get Bank of Baroda Home Loan . If you are facing any kind of problem in taking loan then you can contact the helpline number of the bank.
Hope you friends have found this article informative. If you liked this article then please share it with your friends.
FAQs on BOB Home Loan
How can I check my BOB home loan balance ?
You can check the balance by logging on to the official website of the bank or by contacting the toll free number – 1800 220 400.
How long does it take for home loan approval in Bank of Baroda ?
Takes 3 to 7 business days.
What is BOB Home Loan Helpline Number ?
Toll free number- 1800 220 400
How to apply for Bank of Baroda Home Loan ?
You can apply both online and offline. Information about both the process of applying is given in this article