Bank Of Baroda Home Loan

BOB- Bank Of Baroda Home Loan – Bank of Baroda invites you to be a proud owner of your own home and offers easy Home Loan with a number of conveniences to suit your budget.
Bank of Baroda offers following benefits with housing loan availed by you:
* Free Property and Personal Accident Insurance (available for stipulated tenure of loan).
* Free Credit Card – “Paras” card (Complimentary for first year) to all new home loan borrowers with loan limit of Rs. 2/- Lakhs and above
* Advance up to 90% of the principal amount of home loan repaid for any requirement (’AAA’).
* As per current IT provisions – Interest on loan upto Rs. 1.5 Lakhs per annum is exempt from income tax (Under section 23/24(I) of the Income Tax Act).
* Low Home loan rates.
RATE OF INTEREST:
• Flexi rate option is available. This will facilitate to hedge interest rate risk.
• 0.25 bps concession in rate of interest is available to employees of preferred organizations and group borrowers (list of preferred organizations is available at branch level).
Baroda Home Loan to Individuals / NRIs / PIOs
Floating Rate of Interest (interest rates applicable on the loans sanctioned on or after 11.02.2010)
Repayment Period Up to Rs.30 Lacs Above Rs. 30 Lacs
Up to 5 years 8.50% (3.50% below BPLR) 9.25% (2.75% below BPLR)
Over 5 Years up to 15 years 8.75% (3.25% below BPLR) 9.50% (2.50% below BPLR)
Over 15 Years up to 25 years 9.00% (3.00% below BPLR) 9.75% (2.25% below BPLR)