Bank of Baroda Home Loan Features & Benefits

Whether you’re buying a home, constructing a new one on a plot of land, or renovating an existing one, Bank of Baroda has a range of different schemes and offers for home loans. With low-interest rates and processing fees, and a long tenure to offer, Bank of Baroda offers home loan options for both self-employed and salaried individuals.

1. Loan Amount: Bank of Baroda offers a home loan amount of as high as Rs. 20 crores to all those wishing to construct/buy their dream home

2. Affordable Interest Rate: The interest rate of Bank of Baroda home loan starts from $$Bank of Baroda -home-Loan-for-salaried-self-employed$$. and goes up depending upon your eligibility and credit score

3. Prepayment/Foreclosure Charges: You can prepay your Bank of Baroda Home Loan without any stress as there are no prepayment charges if the interest rate is floating and minimum charges if the interest rate is fixed

4. Processing Fees: Starting from 0.25%, the processing fee of Bank of Baroda goes up to 0.50% of the loan amount

5. Online Application Process: Not only offline, but you can also apply Bank of Baroda Home Loan online to save time and effort

6. Flexible Tenure: You get the flexibility to repay the Bank of Baroda Home Loan and the tenure goes up to 30 years

7. Balance Transfer Facility: Bank of Baroda ensures that you get a lower interest rate on your existing home loan and allows you to transfer your existing home loan from other banks and NBFCs

8. Easy Documentation: Bank of Baroda asks for a common set of documents and then specific documents depending upon your nature of work. The documentation process is hassle-free and quick