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    We found 1 Bank of Baroda(BOB) Loan Against Property

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    11.35% - 16.35% Floating
    1,000 to ₹10,000 One time fee
    1L - 10L
    4 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Eligibility Criteria

    Bank of Baroda(BOB) Loan Against Property is Rated as "Great!" by 12 Users

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    BOB Loan against Property

    There are two loan schemes from Bank of Baroda that allow interested customers to cash in on the value of their owned property and thus avail financing options. Bank of Baroda loan against property is a great way to secure a loan at attractive interest rates. The loan amount can be used for business purpose, education needs and virtually any other expenditure that is not covered under other specific purpose loans. These loans do not have any restraints on their usage excepting some specific clauses by the bank. It is possible for salaried, professional and non-professional individuals as well as organisations to avail any of the different schemes under this type of loan.

    Features of Bank of Baroda Loan against Property

    The important features of Bank of Baroda mortgage loan are mentioned below

    1. Loan sanctioned against existing property owned by applicant
    2. No limitation on the use of availed loan
    3. Attractive interest rates when compared to traditional personal loans
    4. Loan amount is added to the savings or current account maintained by the applicant at the bank and can be managed in a centralised way
    5. Loan is available under the following two types through the applicable facilities –
      1. Baroda Overdraft Against Land and Building – Overdraft facility or Term loan facility only for SME borrowers
      2. Baroda Mortgage Loan – Overdraft facility and Demand loan facility available
    6. Loan tenure can be as high as 7 years or as low as 12 months (renewable) depending upon the type of facility the loan falls under
    7. The margin of the loan would be 40% of the fair market value of the property for Baroda Overdraft Against Land and Building
    8. Repayment of the loan can be done through EMIs or through term loan guidelines as applicable.

    Eligibility Criteria for Bank of Baroda Loan against Property

    This loan is a secured loan that allows individuals to avail financing through the aid of their owned property. The eligibility of the applicant for this loan can be mentioned in the following points –

    1. Loan is available on property that is legally owned by the applicant
    2. Loan is available only for individuals (single or joint owners), traders, businessmen, professionals, self-employed persons, companies defined as Micro, Small & Medium Enterprises (as per MSMED Act of 2006) with annual sales turnover of up to INR 150 crores and real/non-real estate projects with project cost at INR 50 crores. For the aforementioned companies, they should be exclusive banking customers of Bank of Baroda
    3. As of November 2015, the loan is available and applicable in and around the city limits of branches of the bank in India
    4. individuals within 21 years to 60 years are eligible for applying for this loan

    Details about Bank of Baroda Loan against Property

    Loan Facilities

    Baroda Overdraft Against Land and Building

    • 12 months repayment, renewable

    Baroda Mortgage Loan

    • Maximum of 84 months repayment period

    Loan Amount

    Bank of Baroda Mortgage Loan –

    1. Minimum - INR 1 lakh

    2. Maximum – INR 10 lakhs (rural areas), INR 300 lakhs (other areas)

    Baroda Overdraft Against Land and Building

    1. Minimum – INR 10 lakhs

    2. Maximum – INR 75 lakhs (rural), INR 200 lakhs (semi-urban), INR 500 lakhs (urban and metro)

    Loan Security

    Bank of Baroda Mortgage Loan –

    1. Mortgage of property

    2. Income proof (Form 16 and salary certificate)

    Baroda Overdraft Against Land and Building –

    1. Mortgage of property

    2. Guarantee of directors/partners

    3. Third party guarantee (if any)

    4. Hypothecation of stocks/book debts

    Interest rates

    Bank of Baroda Mortgage Loan

    • Base Rate + 3.25% per annum

    Baroda Overdraft Against Land and Building

    1. Micro Enterprises in Manufacturing and Services Sector – Base Rate + 2% per annum

    2. Small Enterprises in Manufacturing and Services Sector – Base Rate + 2.25% per annum

    3. Medium Enterprises in Manufacturing and Services Sector – Base Rate + 2.75% per annum

    4. Other Enterprises with annual sales <= INR 150 crores – Base Rate + 3.25% per annum

    Processing Fees

    Dependent upon the bank’s discretion, generally 1% of the limit sanctioned, subject to a maximum of INR 100 lakhs

    Prepayment Fees

    Prepayment amount is 2% of the outstanding amount

    All the rates mentioned above are as per November, 2015 and are subject to change as per the discretion of the bank.

    Benefits of Bank of Baroda Loan against Property

    Listed below are the benefits of Bank of Baroda loan against property

    1. High loan amount – A maximum amount of up to INR 500 lakh can be availed as financing through this loan
    2. Long tenure – Repayment of the loan can be done across 7 years and overdrafts can be renewed every 12 months
    3. Versatility – This secured loan can be utilised for any practical purpose and the restrictions imposed on it is limited to the eligibility factors only

    How to avail Loan against Property from Bank of Baroda?

    Applying for Bank of Baroda loan against property is quite easy. Places where the bank has its operational branches are the effective limits within which any borrower can apply for the loan. A borrower can download the necessary forms for Baroda Mortgage Loan and approach any authorised bank with the duly filled paper and other requisite documents to initiate the process for availing the loan. Both the Mortgage Loan as well as Loan against Land and Building can be applied for at the bank’s branches too.

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  • Bank of Baroda(BOB) Loan Against Property Reviews

    • Bank of Baroda Personal Loan
      "BOB considers only Government employees for personal loan"
      0.5 1.0/5 "Really Bad"
      Though I am a long term customer of Bank of Baroda, they were not willing to give me a personal loan. I am having savings account for quite long time and I do much transactions with them. In spite of having savings account with SBI, I prefer BOB for all my transactions. But BoB considers only the government employee for personal loan, which is really a disappointment.
      Was this review helpful? 4
      , bhopal
      Reviewed on Mar 10, 2017
    • Bank of Baroda Personal Loan
      "Excellent !!!!!"
      0.5 5.0/5 "Blown Away!"
      Within one day my personal loan was disbursed by bank of baroda as i have account with them i just visited the branch once and on the same day the approval was given. Interest rate charged 13.5 %. Partial payment and pre payment van be done without any charges. BOB has the fast process.
      Was this review helpful? 7
      , jaipur
      Reviewed on Dec 09, 2015
    • Bank of Baroda Personal Loan
      "Satisfied!"
      0.5 3.0/5 "Satisfactory"
      I got my personal loan amount disbursed within 10 days of application. Since I am holding a savings account with Bank Of Baroda, they collected only minimal documents for the application. The interest rate and processing fees is normal when compared to other banks.
      Was this review helpful? 7
      , hyderabad
      Reviewed on Aug 29, 2015
    • Bank of Baroda Personal Loan
      "Excellent service"
      0.5 4.5/5 "Excellent!"
      I hold saving account in Bank of Broda, basis on my existing relationship I applied for personal loan. I was offered loan at 11.5% interest rate. The executive came to my house within 2 hours to collect my documents. My loan was processed in 10 days.Excellent service provided from the bank.
      Was this review helpful? 4
      , vadodara
      Reviewed on Aug 10, 2015
    • Bank of Baroda Personal Loan
      "BANK OF BARODAPersonal Loan"
      0.5 4.5/5 "Excellent!"
      I am being with BOB for a quiet long time it is very friendly. They maintain good communication. Interest rate is quiet low while comparing to other banks. Even though the interest rate is high they did not keep up their words on interest so bit dissatisfied on it. Base Rate + 4.50%
      Was this review helpful? 6
      , surat
      Reviewed on May 15, 2015
    • Bank of Baroda Personal Loan
      "Bank of baroda personal loan"
      0.5 3.0/5 "Satisfactory"
      I am being with BOB for a quiet long time it is very friendly. They maintain good communication. Interest rate is quiet low while comparing to other banks. Even though the interest rate is high they did not keep up their words on interest so bit dissatisfied on it. Base Rate + 4.50%
      Was this review helpful? 5
      , secunderabad
      Reviewed on Feb 03, 2015
    • Bank of Baroda Personal Loan
      "awesome facility"
      0.5 5.0/5 "Blown Away!"
      BOB The loan amount ranges from 20,000 to 2 lacs. While the lower limit is good enough to cover people requiring small ticket personal loan, the upper limit is too low to attract people who seek higher amounts.The processing fees are 2% of the loan amount which is as per market standards. There are no prepayment charges which are a big plus for borrowers looking to pay off the loan ahead of schedule.is a public sector bank. The bank was established in 1908 and was nationalized in 1969.
      Was this review helpful? 7
      , mumbai
      Reviewed on Jan 07, 2015
    • Bank of Baroda Personal Loan
      "Best Service of Personal Loan by Bank of Baroda "
      0.5 3.5/5 "Pretty good"
      BOB The loan amount ranges from 20,000 to 2 lacs. While the lower limit is good enough to cover people requiring small ticket personal loan, the upper limit is too low to attract people who seek higher amounts.The processing fees are 2% of the loan amount which is as per market standards. There are no prepayment charges which are a big plus for borrowers looking to pay off the loan ahead of schedule.is a public sector bank. The bank was established in 1908 and was nationalized in 1969. It is one of the few nationalized banks to pursue an aggressive marketing strategy.Overall service was good.I don't have any account but even though I got a good response from them.
      Was this review helpful? 11
      , mumbai
      Reviewed on Oct 29, 2014
    • Bank of Baroda Personal Loan
      "Banking relationship with this bank is good"
      0.5 4.5/5 "Excellent!"
      It is a nationalized bank, whatever they are providing its per the government norms. If I am in need of money in urgent basis, they help me and give it immediately. Interest rate is 9.25% and I would do the deposit in branch. I have a good personal relation with this bank, even the customer service gives me personally.
      Was this review helpful? 5
      , mumbai
      Reviewed on Sep 16, 2014
    • Bank of Baroda Personal Loan
      "Consideration of EMI date would be helpful"
      0.5 3.0/5 "Satisfactory"
      I had taken the loan before 5 years and at that point of time, there were no processing fees. Interest rate is as per the market. Its quite good and no issues at all. Regarding interest rate, the charges , i feel happy. Customer service way of approach is not bad as once my queries were resolved in bit long time. Initially, i requested to deduct the installment of 10th and later was changed as per their bank system. Its better if they can provide the installment date as per the convenient of customers. Even ECS payment options is not available.
      Was this review helpful? 7
      , udaipur
      Reviewed on Jul 23, 2014
    • Bank of Baroda Personal Loan
      "Overall services are fine and good"
      0.5 5.0/5 "Blown Away!"
      The Bank of Baroda bank services are quite OK as it is nationalized bank. Net banking is too good and faster. Branch services are quite OK and executives are doing a good job. I can find number of ATM's and their overall services are fine and good.
      Was this review helpful? 7
      , chennai
      Reviewed on Jul 14, 2014
    • Bank of Baroda Personal Loan
      "Lead banker of my company"
      0.5 3.0/5 "Satisfactory"
      Four months ago I received a personal loan from Bank of Baroda. Everything such as documentation and the loan process are the same however the guarantor details are mandatory to get a loan. Rate of interest is variable but quite affordable. Bank of Baroda is one of lead banker of my company and I am holding a salary account for a while.
      Was this review helpful? 13
      , vadodara
      Reviewed on May 17, 2014
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