Bob home loan interest rate

The Reserve Bank of India (RBI) increased the repo rate by 50 basis points to 4.9 percent at its Monetary Policy Committee (MPC) meeting in June. This had an effect on the retail loan segment, prompting both new and current loan borrowers to pay higher EMIs. Home loans are now more expensive as a result of the benchmark interest rate increase, and the rates are often significantly higher for borrowers without salaries or those with credit scores below 750. Repo Linked Loan Rate (RLLR) and Marginal Cost of Fund Based Lending Rate (MCLR) hikes are still in progress even after a month of MPC meetings. As a consequence, it is difficult to get a home loan with cheap interest rates currently. However, let's examine the home loan rates being provided by the largest lenders in our nation. BoB Home Loan Interest Rates Bank of Baroda (BoB) accepts applications for home loans from Indian residents who are at least 21 years old. Additionally, eligible are non-resident Indians (NRIs) with Indian passports, persons of Indian origin (PIOs) with foreign passports, and overseas citizens of India (OCI). The bank has set a maximum age restriction of 70 years for borrowers who want to get loans, and the maximum loan term is 30 years. The effective interest rate on home loans for non-staff members ranges from 7.45 per cent to 8.80 per cent. While the interest rate that applies to staff members (Public Scheme) is 7.45 per cent. SBI Home Loan Interest Rates The minimum interest rate for home loa...

Bank of Baroda Home Loan Calculator Bank of Baroda is India’s third-largest public sector bank, with more than 130 million customers. In 2018, the financial institution merged with Dena Bank and Vijaya Bank, becoming one of the biggest lenders in India. BOB has gained a considerable reputation among borrowers over the years, with one of its more popular products being a home loan. With tenures of up to 30 years and affordable interest rates, several individuals turn to Bank of Baroda for home loans. However, its repayment is a significant financial responsibility. That’s why individuals may use aBank of Baroda home loan calculatorto plan their repayment better. Bank of Baroda Home Loan Calculator – Key Features • Loans at BOB are available for both salaried and self-employed individuals. Special rates offered to women, senior citizen and NRI customers. • Individuals who are 21 to 60 years old can apply for a loan at the Bank of Baroda • Loan to Value Ratio is 90%. • The loan tenure of the Bank of Baroda ranges from 5 to 30 years. • Interest rates charged is 6.85% – 8.25% • Bank of Baroda home loan EMI per lakh starts from Rs. 655. The EMI can be easily calculated using the Bank of Baroda home loan calculator 2022. What is a Home Loan Calculator? It is an online tool that prospective borrowers can use to calculate the EMI on their home loans. It involves three inputs – the principal, rate of interest, and maturity period. With a BOB home loan EMI calculator borrowers can de...

One of the top public sector banks in India, Bank of Baroda (BoB), today declared that commencing on November 14, 2022, it has lowered its home loan interest rates by 25 basis points (bps) to 8.25% per annum for a limited period. One of the most competitive and affordable interest rates for home loans is available right now for home loan borrowers. Till December 31, 2022, this cheap rate is offered. The bank additionally waived off processing fees to 100% in addition to the 25 bps reduction in interest rate. For both balance transfers and new home loan applications, the new rate, which commences at 8.25% p.a., is available to borrowers. This special rate is linked to a borrower’s credit profile, said Bank of Baroda (BoB) in a statement. H T Solanki, General Manager - Mortgages & Other Retail Assets, Bank of Baroda said, “In a scenario where interest rates are on an upward trajectory, we are pleased to drop our home loan interest rates and introduce a special, limited period home loan interest rate offer of 8.25%, making home purchases that much more affordable for home buyers. We have seen a robust growth in home loans this year with strong demand across cities and consumer confidence driving home sales. Such an attractive offer on home loans will give a further boost as people take advantage of this offer to realise their aspiration of owning their own home." o Zero processing charges o Takeover of home loans with minimum documentation o Flexible tenure up to 360 months o...

• Attractive BOB rate of interest for all ticket sizes & customer profiles. • No bias basis loan amount, occupation i.e. salaried, self-employed & NRIs. • Home Loan customers get complimentary Bank of Baroda Credit Card. • Special Personal Loan scheme for Bank of Baroda home loan customers, with Rs 7500 processing fee waiver. • Further enjoy concession of 0.25% on BOB Car Loan. • BOB Home Loan EMI Holiday/ Moratorium can be applied for up to 36 months. • Option to add a co-applicant for enhancing Bank of Baroda Housing Loan eligibility. • Co-applicant may or may not be a joint owner of the property. • BOB Home loan applicants also get free accidental insurance. • Attractive rate of interest on Home Loan Top Up. • Standardised documentation and processing for easy loan application. • Complete transparency with respect to fees and terms of loan. • Access to high-end banking technology for easy repayment of your loans. • Efficient customer care service for quick resolution of queries/ grievance related to loan application. • Get instant BOB digital home loan sanction to ease your dream home. • Maximum Bank of Baroda Housing loan in semi urban & rural areas: 1 Crore Maximum BOB loan in urban areas: 10 Crore *18- month moratorium for under construction houses & buildings up to 7th Floor *6- months additional moratorium (18+6) per additional floor (after 7th floor), subject to maximum moratorium of 36 months. • Rate of interest linked to Baroda Repo Linked Lending Rate(BRLLR) • ...

Home loan is a loan availed for • purchase of house / flat • for purchase of plot and construction of house thereon • Repair / renovation / extension of house. Home Loan can be availed individually or jointly with close relatives. Home Loan is to be repaid in EMIs every month. The residential unit to be purchased / constructed is taken as security by the Bank for Home Loan. • Bank finance Home Loan for purchase of house / flat, construction / repair / renovation of house, purchase of plot and construction of house thereon. Applicant needs to submit duly filled in Application Form along with other related documents as per requirement of the Bank. Bank assess the application based on Bank's / RBI's guidelines and takes decision. • You can apply for Home Loan through any of the below mentioned modes- • Branch (find our nearest Branch through Branch Locator available in our website ) – Link • Specialized Mortgage Store • Online application through – Link • Through missed call at 8467001111 • By calling Toll Free No. 18002584455 • If you are existing customer of the Bank, you can also apply using Mobile Banking ( • Common requirements for all applicants. • Application form duly filled in (with a photograph of all the applicant). • Residence and age verification, which may be established from the PAN Card, Election ID, Passport, Drivers Licence and Ration Card, etc. • Copy of approved plan and sanction letter from local civic authority. • Copy of NA permission. • One/two guarant...

Product Conditions Repo Rate + Spread Effective Rate of Interest Baroda Top Up Loan Conditions For Salaried* & Non-Salaried Repo Rate + Spread Applicable ROI on linked Home Loan (Based on BRLLR on the date of availment of Top up Loan) + Strategic Premium (0.25%) + 0.60% Effective Rate of Interest Processing Charges : • For non-takeover cases and for takeover leads through DSA: • For Digital journey leads : Rs.3,500 + GST • For lead sourced through Non-Digital Channel: 100% waiver in Processing charges, subject to recovery of out of pocket expenses of ₹5000.00 + GST (Per Property) • For Takeover leads received through non DSA NIL, subject to Login Fee of Rs.1,500/- which is to be refunded on first disbursement. Loan Amount LTV Ratio (HL + Top-Up) Margin Up to Rs. 30 lakhs 90% 10% Above Rs. 30 lakhs & up to Rs. 75 lakhs 80% 20% Above Rs. 75 lakhs 25% 75% Age Minimum Age 21 years (applicant), 18 years (co-applicant) Maximum age • Age of the borrower + tenure of Top Up Loan should not exceed 70 years as per laid down norms mentioned under home loan product (for resident Indian) • Age of the borrower + tenure of Top Up Loan should not exceed 65 years (for NRIs/PIOs/OCIs) Repayment Period • Top Up Loan may be sanctioned for the maximum period up to which the applicant is eligible as per his/her age criteria i.e. irrespective of the tenure of linked home loan applied/availed. • In case linked home loan account is closed, the repayment of Top Up Loancan be continued up to the sanc...