Bank of Baroda Chennai

Banks224 views

About Bank of Baroda

Bank of Baroda (BoB), a public sector bank with 6,000 branches and more than 1,000 ATMs, has suddenly emerged out of the blue to become the preferred home loan lender. The bank is now much in the news by announcing a reduction in the lending rates on a home loan to an industry low of 8.35% per annum. The bank also waived off the switchover fees, which were applicable for customers transferring their home loan balance to MCLR from base rate to benefit from the ongoing rate slash. Normally when you switch this way, you need to cough out a fee of ₹ 5,000-10,000. With these massive announcements, the bank has put a big step forward in a home loan space wherein the rate war has kicked off with a bang. And if experts are to be believed, the trend may continue for a fair while from here. So, you can expect a further reduction in the bank’s lending rates in the times to come.

If we go back to the history to check out how BoB came into the banking arena, then we find that it was Maharaja of Baroda and Maharaja Saijirao Gaekwad III who started by setting up a small operation in a small building in the city of Baroda in 1908. Today you could see the bank has travelled a long way from a small operational set up to a renowned name in the areas of personal banking, MSME banking, global banking, corporate banking and others. If you are staying in Chennai and looking for a BoB branch to meet your financial needs, you can get the service from around 50 branches in the city.

Bank of Baroda Branches in Chennai

BranchComplete AddressIFSCMICRContact Detail
AlwarpetAlwarpet Branch, 252 A, Ttk Road, Alwarpet, Chennai- 600018BARB0ALWARP600012004044-23454226, 27
AmbatturAmbattur Branch, 119, Mth Road, Ambattur, Chennai- 600053BARB0AMBATT600012002044-26580339
West MambalamWest Mambalam Branch, 90 Arya Gowda Road, West Mambalamm, Chennai- 600033BARB0CHENBS600012031044-23454325
ChoolaimeduChoolaimedu Branch, Sjm House, 52, Nelson Manickam Road, Choolaimedu, Chennai- 600094BARB0CHOOLA600012005044-23454249
Siet.College Siet.College Branch, K.B.Dasan Road Teynampet, Chennai- 600018BARB0COLMAD60001201440-23454302/ 23454000
E.C. StreetE.C. Street Branch, 3 Eraballu Chetty Street, Chennai, 600001BARB0ECSTRE60001200644-23454259, 23454261
EgmoreEgmore Branch, 52, Montieth Road, Egmore, Chennai- 600008BARB0EGMORE600012007044-28553889
RamavaramCorporate Financial ServicesRamavaram Branch, 1&2 Girinagar, Ramavaram, Chennai- 600089BARB0GIRINA600012023044-23454295
Corporate Financial ServicesK.K.NagarCorporate Financial Services Branch, ChennaiBARB0INFIMA600012022044-23454251
K.K.NagarK.K.Nagar Branch, 20, Dr.Natesan Road, K.K.Nagar, Chennai- 600083
BARB0KKNAGA600012018044-23454272

Products Offered by Bank of Baroda in Chennai

At BoB, you can choose your favourite savings and loan product to meet your financial needs. As far as loans are concerned, you can be the beneficiary of a home loan, car loan, personal loan and much more to fulfill your requirements. Want to know the basic details of those loans? Look at the table below.

Basic Details of BoB Loans in Chennai

ProductEligibilityLoan amount
Interest Rate
Processing FeeTenure
Home LoanMinimum age for application-21 years for salaried and self-employed applicants

Maximum age permitted at the time of loan maturity-60 years for salaried and self-employed applicants
About 75%-90% of the property value8.50% - 9.50%0.25%-0.50% of the loan amount
Minimum- ₹7,500
Maximum- ₹20,000
Upto 30 Years
Car Loan
Minimum age for application-21 years for both salaried and self-employed applicants

Maximum age allowed at the time of loan maturity-65 years
Upto ₹ 1 Cr8.80% - 10.55%0.75% of the loan amount to a maximum of Rs 10,000Upto 7 Years
Personal LoanMinimum age for application-21 years

Maximum age permitted at the time of loan maturity-60 years for salaried & 65 years for self-employed
₹ 50,000-10,00,00011.75% - 16.75%Upto ₹ 10,000Upto 4 Years
Loan Against Future Rent ReceivablesOwners who have rented their premises or are lloking to rent to corporate houses/PSU units/banks/MNCs are eligible

Landlords of BoB Offices or Branches are eligible

Landlords or residential property given on a lease to the officers and executives of BoB are also eligible

Upto 55% of the rent due and receivable for both the unexpired period of lease and uncertain period of lease. 12.10% p.a.1% of the loan amount subject to a maximum of ₹ 7.5 lakhs and ₹ 150 lakhs for loans upto 10 Cr and above 10 Cr, respectively. Upto 10 Years
Baroda Traders LoanIndividuals, proprietors, partnership firms & co-operative societies seeking working capital are eligible₹ 2 lakh-10 Cr10.35%-11.35% p.a.0.35% of the loan amount subject to a minimum of ₹ 7,500Upto 5 years

Documents Sought to Access BoB Loans in Chennai

ProductsSalariedSelf-employed
Home LoanIdentity Proof- PAN Card/Passport/Voter ID/Driving License/Aadhaar Card

Address Proof-Utility Bill/Passport/Aadhaar Card/Voter ID

Income Proof-Latest Salary Slips & Form 16 for Salaried


Bank Account Statement for the Last 6 Months

Track of any other loans, if any

Property details such cost estimate of construction
Identity Proof- PAN Card/Passport/Voter ID/Driving License/Aadhaar Card

Address Proof-Utility Bill/Passport/Aadhaar Card/Voter ID

Profit & Loss A/C Statement & Audited Balance Sheet for the Last 3 Years

Bank Account Statement for the Last 6 Months

Track of any other loans, if any

Property details such cost estimate of construction
Car LoanIdentity Proof- PAN Card/Passport/Voter ID/Driving License/Aadhaar Card

Address Proof-Utility Bill/Passport/Aadhaar Card/Voter ID

Income Proof-Latest Salary Slips & Form 16



Bank Account Statement for the Last 6 Months

Track of any other loans, if any
Identity Proof- PAN Card/Passport/Voter ID/Driving License/Aadhaar Card

Address Proof-Utility Bill/Passport/Aadhaar Card/Voter ID

Profit & Loss A/C Statement & Audited Balance Sheet for the Last 3 Years

Bank Account Statement for the Last 6 Months

Track of any other loans, if any
Personal LoanIdentity Proof- PAN Card/Passport/Voter ID/Driving License/Aadhaar Card

Address Proof-Utility Bill/Passport/Aadhaar Card/Voter ID

Income Proof-Latest Salary Slips & Form 16
Identity Proof- PAN Card/Passport/Voter ID/Driving License/Aadhaar Card

Address Proof-Utility Bill/Passport/Aadhaar Card/Voter ID

Income Proof-Profit & Loss A/C Statement & Audited Balance Sheet for the Last 3 Years

 

People Also Look For

Personal Loan Interest Rates August 2018
Bajaj Finserv10.99% - 16.00%
Fullerton India14.00% - 33.00%
HDFC Bank11.25% - 21.25%
ICICI Bank10.99% - 18.40%
IndusInd Bank10.99% - 16.00%
Kotak Bank10.99% - 20.99%
RBL13.00% - 18.00%
Standard Chartered Bank10.99% - 14.49%
Tata Capital10.99% - 18.00%
Home Loan Interest Rates August 2018
State Bank of India/SBI8.45% - 9.00%
HDFC8.70% - 9.40%
Bank of Baroda8.50% - 9.50%
LIC Housing8.45% - 8.90%
PNB Housing Finance8.99% - 10.75%
ICICI Bank8.55% - 8.80%
Axis Bank8.50% - 8.85%
Citibank8.85% - 9.65%
Indiabulls Housing Finance Limited8.70% - 9.85%
Kotak Bank8.65% - 8.75%
DHFL9.05% - 9.95%
Reliance Home Finance8.75% - 10.00%
EMI Calculator