Bank of Baroda Home Loan in Indore

About Bank of Baroda Home Loan Indore

It’s a time when everyone is eyeing on to buy a home as the interest rates across the lenders have fallen significantly. Post-demonetization, there has been a reduction to the tune of 1%, enhancing the affordability of the home loan. In the rate cut war, Bank of Baroda seems to have raced ahead of its competitors by offering the home loan at 8.35% per annum. The offer is available to everyone including the ones staying in Indore, Madhya Pradesh.

Bank of Baroda Home Loan Indore 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

What about the eligibility criteria for a BoB Home Loan in Indore? This is the question you may be asking, right! So below are the points that you can look to know the same.

  • 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 would ask you to submit few documents pertaining to identity, address, residence and the property in question. This is an important job on your part as any negligence could make it tough for you buy a home in Indore. So, here are the documents that you should submit to avoid the unfortunate incident of home loan application rejection by Bank of Baroda.

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

Seeking more information? Visit Home Loan Indore

Bank of Baroda Home Loan Indore Branches

Get your feet ready to run all the way to file your home loan application at your nearest BoB branch in Indore by following the list below. It contains information regarding the address, IFSC Code, MICR Code, as well as the contact details to let you visit the branch comfortably. So, look below and submit your application.

Branch NameComplete AddressIFSCMICRContact Detail
Annapurna RoadPrabhu Nagar, Annapurna Road, Indore - 452012, Madhya PradeshBARB0ANNAPU4520120130731-2483324
A B RoadA B Road Ind Branch, 13, Old Palasia A.B.Road, Indore-452001BARB0COLIND4520120070731-2542023
Ravi ShankarC-18, HIG Colony, R S S Nagar, Indore- 452008 , Madhya PradeshBARB0HIGMIG4520120090731-2544337
I.E.IndoreI.E.Indore Branch, 61/1, Snehlata Ganj, Indore-452003, Madhya PradeshBARB0INDIND4520120050731-2542720
R.N.T. MargR.N.T. Marg Branch, Dawa Bazar R.N.T.Marg, Indore-452001, Madhya PradeshBARB0INDORE4520120040731-2704894
Sangita Road19, Sapna Sangita Road, Snehnagar, Main Road, Indore-452001, Madhya PradeshBARB0NAVLAK4520120060731-2462842
NipanyaMain Road, Nipanya, Indore-452016, Madhya PradeshBARB0NIPANY452012014
SitlamataSitlamata Branch, 82/83 Sitalamata Bazar, Indore, 452002BARB0SITALA4520120020731-2454173
SiyaganjSiyaganj Branch, 15/16 Jawahar Marg Ida Building, Indore-452007BARB0SIYAGA4520120030731-2369247
Transport BranchTransport Branch, 2, Snehnagar, Sapna - Sangita Road, Tower Chauraha, , Indore, 452001BARB0TRANSP4520120080731-2462455
Vijay Nagar Vijay Nagar Branch, Aa 14 Sch No.54 Vijay Nagar A.B.Road Indore, Indore, 452010
BARB0VIJIND4520120120731-4005904
Goyal Nagar373/374 Goyal Nagar, Madhya Pradesh, Indore-452018BARB0GOYALN4520120150731-2595066
Kalani Nagar8-A, Kalani Nagar, Aerodrome Road, Indore- 452009BARB0AERODR0731-4039723
Gumasta NagarPlot No.995, Sector-A, Sudama Nagar, Gumasta Nagar, Indore -452009BARB0GUMASH0731-6562404
BaroliNear Vaishnav College And University, Sanwer Road, Village Baroli, Tehsil Sanwer, Madhya Pradesh- 453111BARB0BAROLI
Manik Bagh Main RoadPrithvi Regency, 2 B Dubey Colony, Manik Bagh Main Road, Collectorate, Indore, Madhya Pradesh-452007BARB0MANBAG
Bijalpur969 A B Road Bijalpur Indore Dist Indore Madhya Pradesh 452012BARB0BIJALP
Krishna Tower589 Krishna Tower Piplyahana Scheme No 140 Indore Madhya Pradesh 452001BARB0PIPIND
Service Branch4 IDA Building Siyaganj IndoreBARB0SERIND

 

People Also Look For

Personal Loan Interest Rates October 2018
Bajaj Finserv10.99% - 16.00%
Fullerton India14.00% - 33.00%
HDFC Bank11.25% - 21.50%
ICICI Bank10.99% - 18.40%
IndusInd Bank10.99% - 16.00%
Kotak Bank10.99% - 20.99%
RBL13.00% - 18.00%
Standard Chartered Bank11.50% - 14.50%
Tata Capital10.99% - 18.00%
Home Loan Interest Rates October 2018
State Bank of India/SBI8.70% - 9.25%
HDFC8.80% - 9.60%
Bank of Baroda8.55% - 9.55%
LIC Housing8.70% - 9.05%
PNB Housing Finance9.00% - 13.00%
ICICI Bank8.85% - 9.10%
Axis Bank8.80% - 9.05%
Citibank8.90% - 9.65%
Indiabulls Housing Finance Limited8.80% - 11.05%
Kotak Bank8.75%
DHFL9.05% - 9.95%
Reliance Home Finance8.75% - 10.00%
EMI Calculator