Bank of Baroda Home Loan Making Your House Beautiful!

The bank which would take care of your housing finance is Bank of Baroda, and with its home loans, every problem has an instant solution. To get the loan for your home purchase, construction or renovation Bank Of Baroda home loan contributes 90% of your cost. And you can pay for it in 30 years loan tenure. The loan can meet all your housing expenses and make your home of your dreams, read and know about the loan features and benefits.

Is Bank Of Baroda offers the lowest interest rate on home loans?

Yes, the borrower can finance his or her home with Bank Of Baroda at an interest of 7.25% per annum. The bank charges the interest rate to your loan based on the BARODA REPO LINKED LENDING RATE (BRLLR) that is 7.25% as per RBI updates. So you can finance a house at your credit risks with the Bank Of Baroda home loan. And every salaried or self-employed borrower aged between 21 to 50 years can apply for the loan.

The interest rate to your loan can be low if your credit score is high and there are no existing EMIs, because it could reduce the probability of paying the loan.

Use Bank of Baroda home loan online tool!

To get an idea of your home loan EMIs after the approval process, you can compute your EMI via the Bank of Baroda home loan calculator. Visit the bank website and enter your loan and interest rate to generate instant EMI. Suppose, your loan is of INR 25 lakh and the interest rate is 9.22% then the EMI is INR 34,149. The EMI can be low or high based on the sanction amount, and after that, you can choose the suitable payment service for your Bank of Baroda home loan.

The payment of the loan can be made via ECS, that allows you to pay the EMI from any bank account before the due date. Just need to select the date of payment, and then every month the EMI amount is debited from your bank account. Timely payments of a home loan make you eligible for tax savings in the future.

How to Claim Tax on your Bank of Baroda home loan?

You can save up to INR 2.50 lakh on your annual tax with the help of your home loan. As per the income tax act of 80C and 24b, the borrower has the freedom to either claim their tax deduction or save their tax. And after that, you must not foreclose your loan because otherwise there would be a reversal of tax benefit. So, get your Bank of Baroda home loan and enjoy its benefits from disbursal till the end of tenure.

The borrower can also get a free credit card and discount of 0.25% on car loans along with their home loans. Also for the borrower security, the bank offers a free accident cover. And you can apply for a group credit insurance for your family and pay for it along with your home loan EMIs. It secures the family members after the death of the borrower, and the family is not obliged for the home loan EMIs Now, make your home the way you want to and dreamt of with Bank of Baroda home loans.