How to Get Bank of Baroda Home Loan 2024 (Eligibility & Documents)

Buying or building your own home is everyone’s dream. But, to fulfill this dream, you need financial assistance. For this, Bank of Baroda Home Loan can help in realizing your dream of buying a home. Let’s know how to take Bank of Baroda Home Loan –

Bank of Baroda Home Loan Documents Required | Bank of Baroda Home Loan Calculator | Bank of Baroda Home Loan Scheme | Bank of Baroda Home Loan Interest Rate | Bank of Baroda Home Loan Subsidy | How to Get Bank of Baroda Home Loan | Types of Bank of Baroda Home Loan

Eligibility for BOB Home Loan?

• The applicant must be an Indian citizen.
• The age of the person applying should be between 21 years to 70 years.
• The applicant should have all his necessary documents.
• The applicant should have his source of income, which is sufficient for the recovery of your loan.

BOB Home Loan Documents Required?

For Bank of Baroda Home Loan, you will need to provide the following required documents such as –

• Aadhar Card
• PAN Card
• Three passport size photographs
• Proof of residence
• ITR Report
• Property Details

Bank of Baroda Home Loan :-

Types of BOB Home Loan?

Bank of Baroda offers many types of home loans, here we will discuss some of the major home loan types like –

1. Normal Home Loan :-

This loan is the most common and is chosen by a large number of people. This type of loan is provided to you for the purchase, construction or other household expenditure of the house. It can be used for new or old residents.

2. Overseas Home Loan :-

This loan is for those who want to change their place of residence, such as shifting to a new city for a job. The specialty of this type of home loan is that it provides you financial assistance on the cost of relocation.

3. Reconstruction and Extension Loan :-

If you want to expand your house or change it in a new way, then Bank of Baroda Home Loan can be beneficial for you. This loan provides you with the financial assistance you need for home repairs or additions.

How to get Bank of Baroda Home Loan (Bank of Baroda Home Loan apply online)?

To apply online for Bank of Baroda Home Loan, follow the following steps –

• First of all, you have to go to the official website of Bank of Baroda (www.bankofbaroda.in).
• After this, you will see the section of “Loans” on the home page, click on it.
• Now you have to go to the section of Home Loan and click on the option of View All.
• After this, you will see two options Apply Online, Track Loan Status, in this you have to click on the Apply Online button.
• Now here you will see some such interface.
• Now you have to fill your name address and click on the option of Proceed.
• After this, an application form for home loan will open in front of you, in which you fill your information, such as name, address, income and Aadhaar details, loan amount, etc.
• The form has to be filled carefully and submitted.
• Then you will get a call from the bank within 48 hours, the bank officer will make you a basic enquiry related to the loan.
• After this, if you are eligible to take a loan, then the loan amount will be transferred to your bank account.

Bank of Baroda Home Loan Interest Rate?

Bank of Baroda’s home loan interest rate depends on various eligibility criteria, such as loan amount, purpose, consumer eligibility, etc. Bank of Baroda generally offers rates for home loans, which can be set as-

1. For Salaried – 8.60% – 10.50%
2. For Non Salaried – 8.70% – 10.60%

Bank of Baroda Home Loan Calculator?

Using a home loan calculator, you can determine your home loan supply, interest rate and required installments. It provides you with information about the total amount of your loan, monthly installment, exchanging interest payments, and tenure of the loan, etc.

Benefits of taking a Bank of Baroda Home Loan?

There are many benefits of taking a Bank of Baroda home loan, here are some of the main benefits –

• The interest rate is very low.
• Processing fees are also negligible.
• High loan amount
• No hidden charges
• No prepayment penalties
• Maximum loan repayment tenure (up to 30 years)
• Simple Top Up Loan