Bank of Baroda Home Loan in Bhubaneswar

Last Updated : May 5, 2018, 11:18 a.m.

About Bank of Baroda Home Loan Bhubaneswar

Bank of Baroda, which has completed more than a century in the banking space, has come out with fine changes in its product to make it more customized. The recent slashing of home loan interest rates to an industry low of 8.35% per annum has done the bank a world of good by gaining a lot of traction from the borrowers that also include the people of Bhubaneswar, Odisha. It also waived off the switchover fee for customers looking to switch from base rate to Marginal Cost of Lending Rate (MCLR).

Bank of Baroda Home Loan Bhubaneswar at a Glance

Eligibility Criteria

The accessibility of home loan from BoB would depend upon a borrower meeting the eligibility criteria set by the bank.

• Salaried and self-employed with a minimum age of 21 years are eligible to apply for a home loan. At the same time, both salaried and self-employed need to make sure they are not over 60 years at the time of loan maturity .
• A stable source of income is a prerequisite. While salaried needs to be working for a minimum of 2-3 years, self-employed must remain in the same line of business for atleast 2-3 years.

Documentation

The bank wants a list of documents to be submitted by a borrower to get the approval for a home loan . These documents authenticate the proofs of identity, residence, and income. Along with these documents, the bank wants a submission of property documents for the approval of a home loan in Bhubaneswar.

For more information, visit Home Loan Bhubaneswar

Bank of Baroda Home Loan Bhubaneswar Branches

There are a large number of branches with qualified professionals waiting to provide you a home loan of your liking, thereby ensuring an affordable stay at your dream home. These branches have specific IFSC code and MICR code, along with contact numbers to assist the customers on the phone. So, step out to these branches with your application to finally make your way to your dream home.