Bank of Baroda Loan Interest Rates - 2018-2019 StudyChaCha

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  #1  
Old September 13th, 2013, 06:30 PM
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Default Bank of Baroda Loan Interest Rates

Will you please give me interest rates for Retail Loans offered at Bank of Baroda??
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  #2  
Old September 14th, 2013, 06:22 PM
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Join Date: Dec 2011
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Default Re: Bank of Baroda Loan Interest Rates

As you require the interest rates for Retail Loans offered at Bank of Baroda so here I am giving you the same

Interest rates for retail Loans:

Baroda Home Loan to Individuals / NRIs / PIOs (W.E.F 01.06.2013)

Fixed Rate option Not Available
Floating Rate option (for fresh sanctions and for existing accounts w.e.f. 01.06.2013)

Interest rates for Baroda Home Loan Up to Rs. 30 Lacs
Upto 5 years Base Rate i.e. 10.25%
Over 5 years & up to 15 years Base Rate i.e. 10.25%
Over 15 years & up to 30 yrs Base Rate i.e. 10.25%

Interest rates for Baroda Home Loan above Rs. 30 Lacs and below Rs. 75 Lacs
Upto 5 years Base Rate i.e. 10.25%
Over 5 years & up to 15 years Base Rate i.e. 10.25%
Over 15 years & up to 30 yrs Base Rate i.e. 10.25%

Interest rates for Baroda Home Loan for 75 Lacs and above
Upto 5 years Base Rate i.e. 10.25%
Over 5 years & up to 15 years Base Rate i.e. 10.25%
Over 15 years & up to 30 yrs Base Rate i.e. 10.25%

Baroda Home Improvement Loan
Base Rate + 2.50% i.e. 12.75%

Baroda Additional Assured Advance (AAA) (Resident / NRIs / PIOs)
Base Rate + 1.50%

Baroda Auto Loan
Baroda Car Loan/ Baroda Car Loan to HNIs / Corporate w. e.f 01.07.2013
Repayment period upto 5 years
Repayment period > 5 years
Base Rate + 0.25% i.e. 10.50% p.a. at present (irrespective of tenure)

Baroda Loan for
Two Wheelers Base Rate + 4.00%
Baroda Mortgage Loan (Realigned Product)Base Rate + 5.25%

Baroda Ashray (Reverse Mortgage)
Fixed Rate Option: Not Available
Floating Rate Option Base Rate + 1.75%

Baroda Traders Loan (irrespective of loan limit/OD/TL)
Base Rate + 3.00%

Traders Loan Against security of Gold ornaments / Jewellery
Base Rate + 3.00%

Baroda Loan to Doctors
Upto Rs.2.00 lacs Base Rate + 3.00%
Above Rs.2.00 lacs Base Rate + 2.50%

Baroda Education Loan
Loans upto Rs.4.00 lacs Base Rate + 2.50%
Loans above Rs.4.00 lacs and upto Rs 7.50 lacs Base Rate + 4.00%
Loans above Rs.7.50 lacs Base Rate + 3.50%

Baroda Education Loan for Vocational Education & Training
Base Rate + 2.00%
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  #3  
Old October 26th, 2015, 12:11 PM
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Default Re: Bank of Baroda Loan Interest Rates

I want to know the Interest Rates on Home loan in Bank of Baroda so can you please tell me? I want to apply for Home loan in Bank of Baroda.
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  #4  
Old October 26th, 2015, 12:14 PM
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Default Re: Bank of Baroda Loan Interest Rates

Bank of Baroda is an Indian state-owned banking and financial services company headquartered in Vadodara, Gujarat, India. It is the second-largest bank in India. It was established on 20 July 1908.

Bank of Baroda Home Loan Interest Rates



Baroda Home Improvement Loan
Base Rate + 2.50%

Bank offers following benefits with home loan -

Free Personal Accident Insurance is available for stipulated tenure.

Free Credit Card (BOBCARD – complementary for first year) to all Home Loan borrowers (first borrower) with loan limit of Rs. 2/- Lacs and above.

Concession of 0.25% in rate of interest for Car Loans

Concession of 0.50% in rate of interest for Loan for consumer durables

Top up Loan (Baroda Additional Assured Advance – AAA) can be availed 5 times during loan period.
(Minimum Rs.1/- Lac, Maximum Rs.200/- Lacs or 75% of residual value of house property after deducting 150% of outstanding loan amount of existing Home Loan, whichever is lower).

As per current IT provisions – Interest on loan upto Rs.1.50 lacs per annum is exempt from income tax (Under section 23/24 (1) of the Income Tax Act). An additional deduction of interest upto Rs.1 lac is available to persons taking a loan for their first home upto Rs.25 lacs during March 2013 to Feb 2014.

Terms & Conditions

In case of Salaried:

Monthly Income Modified Criteria
Up to Rs. 20,000/- 36 times of monthly income
More than Rs.20,000/- & up to Rs. 1 lac 48 times of monthly income
More than Rs. 1 lac 54 times of monthly income

Margin:

Loan Amount Margin
Loans upto Rs.20/- Lacs 10%
Loans above Rs.20/- Lacs upto Rs.75/- Lacs 20%
Loans above Rs.75/- Lacs 25%
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