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Bank of Baroda Home Loan |
Bank of Baroda Home Loan is one of the best available loan options that you can obtain to buy or construct the home of your dream. You can easily become a proud owner of a wonderful home with a little assistance from Bank of Baroda. The bank is well known for providing a wide variety of home loans in the country. BOB home loans can be availed for a number of purposes that include;
- Purchase of a new or an old dwelling unit
- Constructing a house
- Buying plot of land to construct a house
- Repay the existing home loan amount taken from other home finance company
Bank of Baroda Home Loans
To meet the requirement of several home buyers having unique financial condition, Bank of Baroda has introduced a variety of home loan programs. The following are some of the best home loans made available by Bank of Baroda.
- Home loan for NRIs/PIOs
- Mortgage loan
- Home improvement loan
- Loan against future rent receivables
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Home loan for NRIs/PIOs is an innovative home loan scheme which is specially introduced to non resident Indians and person of Indian origin. This loan option comes with several benefits such as free personal accident and property insurance, Flexi rate plan option, and no prepayment or foreclosure charges for part and full prepayment. On the other hand, you can avail a home improvement loan to repair, renovate, or extend your home furniture, fittings and fixtures. The loan amount can also be used to purchase furniture, fixtures and several other gadgets like fans, air conditioners and geysers. BOB home loans are made available in most of the Indian cities including Bangalore, Pune, Mumbai, Chennai and Delhi.
Borrowers can also avail mortgage loan and loan against future rent receivables from Bank of Baroda depending on their ability to qualify the eligibility criteria. Home mortgage loan can be availed by putting immovable property as security against the loan amount. Home loan interest rates offered by Bank of Baroda will differ depending on the type of loan term, amount of loan, credit and income status of the borrowers. However, the bank endeavors to offer the best possible home loan rates to the buyers.
Bank of Baroda Home Loan Calculator
The bank also offers effective tools such as home loan EMI and Eligibility calculator to help first time buyers while obtaining suitable loan terms. By using these tools one can make an estimate of the monthly repayments that he will have to pay on a particular loan term. To get more comprehensive information on home loan application, essential documents, loan offer and processing fees, talk with Bank of Baroda home loan customer care representatives at contact numbers provided in the official bank website.
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