Bank of Baroda Home Loan in Bhubaneswar

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

ParticularsDetails   
Interest Rate8.55% - 9.55%
Loan AmountAbout 75%-90% of the property value
Processing Fee0.25%-0.50% of the loan amount
Minimum Value- ₹7,500
Maximum Value- ₹20,000
Prepayment ChargesNIL

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.

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

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.

BranchComplete AddressIFSCMICRContact Detail
Bapuji NagarBhubaneshwar Branch, 91/92, Bapuji Nagar, Bhubaneswar, Dist - Khurda, Bhubaneswar, Odisha-751009BARB0BHUBAN7510120020674-2532214
Khandagiri58, Kharavela Complex, Khandagiri, Bhubaneshwar, Dist. Khurda, Odisha- 751030BARB0KHANDG7510120050674-2470589
Cuttack Puri Road227 Sarla Nagar, Laxmi Sagar, Cuttack Puri Road, Bhubaneshwar, Dist. Khurda, Odisha - 751006BARB0CUTTRD751012006
SamantarapurSamantarapur Branch, Lewis Road, Bhubaneswar, Odisha-751002BARB0SABHUB7510120030674-2340216
NayapalliNayapalli Branch, Irc Village, Bhubaneswar, Odisha-751014BARB0SAVNAY7510120040674-2360707
ChandrashekharpurPlot No - 385/1694 Damana Chak Chandrashekharpur, Bhubaneswar, Odisha-751016BARB0CSKPUR751012007
Saheed Nagar Plot No 104 1St Floor Saheed Nagar Bhubaneswar, Odisha- 751007BARB0SAHEED0612-2275523/2272333
New Airport RoadPlot No 857/1998, New Airport Road, Unit -6, Ganga Nagar, Bhubaneswar, Odisha- 751001BARB0GANKHO7510120111800223344
Gobinda PrasadPlot Not 1324 / 1935, Gobinda Prasad, Shanti Nagar, Bhubaneswar, Odisha- 751006BARB0GOBIND1800223344
Kalinga NagarPlot No 831/3823, Sampur, Kalinga Nagar, Bhubaneswar, Khordha Dist, Bhubaneshwar, Odisha- 751003BARB0KALING1800223344

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