Baroda होम लोन (गृह ऋण) Advantage (ओवरड्राफ्ट सुविधा)
ऋण प्रदाता बैंक / संस्थान: Bank of Baroda (BOB)
₹10 Lakh to ₹10 Crore home loan at 8.60% – 9.40% with Up to 30 years tenure.
🏠उत्पाद विवरण एवं मुख्य लाभ (Product Overview & Benefits)
उत्पाद का संक्षिप्त विवरण
Bank of Baroda's flagship overdraft home loan linking savings account balance to loan account to offset interest calculations daily.
प्रमुख लाभ एवं विशेषताएं
Substantial interest savings over tenure; complete flexibility to withdraw excess savings anytime; no penalty on early principal reduction.
📋पात्रता मानदंड एवं संपत्ति आवश्यकताएं (Eligibility & Property Rules)
आवेदक की पात्रता शर्तें
Salaried or self-employed individuals with minimum net income ₹30,000/month and CIBIL score ≥ 725.
संपत्ति एवं तकनीकी शर्तें
Residential dwelling in municipal or urban development authority master plan.
प्रीपेमेंट एवं फोरक्लोजर नियम (Prepayment Terms)
Nil prepayment penalty for floating rate home loans as per RBI mandate
📂आवश्यक दस्तावेज (Required Documents)
Aadhaar Card, PAN Card, Last 3 months salary slips or 2 years ITR-V, 6 months bank account statement, Title deed, Approved building plan and municipal tax receipts.
⚠️क्या कमी है / महत्वपूर्ण चेतावनियां (Honest Disclosures & Caveats)
This loan requires the property to be in an approved society/project — self-constructed rural properties often ineligible.
🚀आवेदन के चरण (How to Apply)
Apply online through net banking portal or visit lending branch with loan inquiry.
Apply online at https://www.bankofbaroda.in/personal-banking/loans/home-loan/baroda-home-loan-advantage with digital KYC and property details.
Visit nearest branch of the institution with income proofs and sale agreement.
❓अक्सर पूछे जाने वाले प्रश्न (FAQs)
What is the maximum loan tenure available for Baroda Home Loan Advantage (Overdraft)?
The maximum repayment tenure offered for Baroda Home Loan Advantage (Overdraft) is Up to 30 years, subject to borrower's age not exceeding 70 years at loan maturity.
What are the processing charges and prepayment rules for Baroda Home Loan Advantage (Overdraft)?
The processing fee is 0.25% (Min ₹7,500, Max ₹20,000) + GST. As per RBI guidelines, zero prepayment penalties apply to all individual floating-rate home loans.
What documents are required to apply for Baroda Home Loan Advantage (Overdraft)?
Applicants must provide KYC (Aadhaar, PAN), 3 months salary slips or 2 years ITR with computation, 6 months bank statements, and clear property title documents with municipal sanctions.
Why does Baroda Home Loan Advantage (Overdraft) require property approval in a formal layout?
This loan requires the property to be in an approved society/project — self-constructed rural properties often ineligible.