A "low interest" loan shouldn't mean you have very little interest in paying it back!
The Bank of Baroda Home Suvidha Personal Loans finances the miscellaneous costs associated with home loans. The rate of interest starts at 7.25% p.a.
The interest rate for Bank of Baroda Home Suvidha Personal Loans ranges from 7.25% p.a. It is dependent on the interest spread of the linked home loan as well as the applicant's risk premium.
| Type of Loan | Interest Rate |
|---|---|
| Linked with Bureau Score Home Loan | 7.25% p.a. onwards (as per applicant’s risk rating) |
The features and benefits of Bank of Baroda Home Suvidha Personal Loans are:
The eligibility criteria are as follows:
| Age | 21 years |
| Employment Type | Salaried or Self-employed |
| Nationality |
|
The general documents required are as given below:
Salaried Individuals:Â Latest salary slips for salaried individuals
Self-employed individuals:Â
The repayment tenure is the same as for the home loan that is sanctioned for new borrowers.
Yes, existing home loan borrowers can also avail this loan for which the repayment tenure will be the remaining period of the existing home loan.
The processing charges are nil; however, notary and stamp paper charges should be borne by the applicant.
The premiums which are financed under this are for the Group Credit Life Insurance, Group Credit Health Insurance, and Property Insurance.
This is only for home loan borrowers from Bank of Baroda, both prospective and existing borrowers.
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