Multiple banks. Different interest rates. Call it a "conflict of interest".
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    We found 1 Bank of Baroda(BOB) Mortgage Loan

    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) Mortgage Loan is Rated as "Great!" by 12 Users

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    Overview about BOB Mortgage Loan

    Owning property is India is perhaps the biggest dream for billions across the country, with a majority of us putting in blood and sweat to turn this dream into a reality. A property not only offers security but can also be a source of funds during emergencies. Mortgage loans can be availed against properties, ensuring financial constraints don’t eat into our quality of life. Bank of Baroda is one of the oldest banks in India, with a banking history of over a century. It offers a host of products and services to consumers with mortgage loans being one such product designed to meet the needs of property owners. Termed Bank of Baroda Mortgage Loan, this mortgage loan combines the features of a loan with an overdraft facility, offering ease and convenience to borrowers.

    Purpose of Bank of Baroda Mortgage Loan

    Baroda Mortgage Loan can be availed to meet any personal financial requirement, provided it is genuine and legitimate.

    Eligibility Criteria for Bank of Baroda Mortgage Loan

    Individuals hoping to obtain a Bank of Baroda Mortgage Loan need to satisfy the following criteria.

    • Property owner - A borrower should be the legitimate owner of the property in question.
    • Age - A borrower should be at least 21 years old.
    • Employed - A borrower should be salaried or self-employed with a regular source of income.
    • Income - A borrower should have a minimum annual income of Rs 60,000/-.
    • Tax assesse - An applicant should be a tax assesse for at least 3 years in order to be eligible for this loan.

    Documents Required for Bank of Baroda Mortgage Loan

    A prospective borrower is required to furnish the following documents before availing a loan.

    • Income proof - This can be Form 16 and a salary certificate from an employer.
    • Income Tax returns - IT returns for the last 3 years should be submitted.
    • Original property papers - A borrower should submit the original property documents of the property he/she intends to mortgage
    • Society permission - If the property in question is part of a society, a borrower should provide a non-encumbrance and permission letter from the society.
    • Bank details - A borrower should provide his/her bank statements of the last 6 months.

    Features and Benefits of BOB Mortgage Loan

    Some of the salient features and benefits of Baroda Mortgage Loan are mentioned below.

    • Simple - Obtaining this loan is simple and hassle free, with easy documentation.
    • Flexible - Borrowers have flexibility in terms of withdrawing money which was deposited earlier. Money can be availed either as an overdraft or in the form of a demand loan, depending on individual needs.
    • Property utilisation - Idle or unused properties can be used to generate an additional source of income through this loan.
    • Competitive interest rates - Interest rates charged on this loan are extremely competitive and attractive compared to other competitors.
    • High loan amount - Amounts up to Rs 3 crore can be availed under this loan scheme.
    • Flexible repayment - A loan can be repaid through simple EMIs, with a maximum tenure of 84 months.
    • Loan transfer - A borrower can choose to transfer his/her mortgage loan from a different bank to Bank of Baroda.

    Bank of Baroda Mortgage Loan Interest Rate

    The interest rate charged by Bank of Baroda on their mortgage loan is extremely competitive, ensuring that repaying this loan doesn’t become an additional financial burden on a borrower. The current interest rate stands at Base Rate + 3.25% per annum. The base rate as of 05/10/2015 is 9.65% per annum, taking the current interest rate to 12.9% per annum.

    Note - Interest rates charged by Bank of Baroda are at their sole discretion and are subject to change without prior intimation. The rates mentioned above are for the month of November 2015.

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  • Bank of Baroda(BOB) Mortgage Loan 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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