Home Loan Interest Rates 20202166 views
Highlights
- Bank of Baroda offers home loans with low processing fees.
- Maximum loan amount at interest rate ranging from 8.40% - 9.40%.
Bank of Baroda home loan is one of the best home loans in India. The multi-purpose home loan offered by Bank of Baroda makes it unique and customer-friendly. With the purpose to serve its customer a desired product, the interest rate on housing loan is very low without compromising on the loan amount margin. Raed this article to know the rates and other details as follows:
- Interest Rates
- Processing fees
- Maximum loan amount
- Tenure
- Balance transfer option
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Table of Contents
Bank of Baroda Home Loan Interest Rates January 2020
| Particulars | Details |
|---|---|
| Interest Rate | 8.40% - 9.40% |
| Loan Amount | Customized |
| Tenure | Up to 30 Years |
| Processing Fee | 0.25%-0.50% of the loan amount Minimum- ₹7,500 Maximum- ₹20,000 |
Bank of Baroda Home Loan Rates for Balance Transfer
If you are looking for BT facility, all you need to do is simply transfer your existing your loan to Bank of Baroda home loan. The bank accepts balance transfer from base rate to MCLR linked loan and also from other banks at low rates.
How can you get lowest rate on home loans from BoB?
If you match the eligibility criteria especially CIBIL score and your property should be in good location. CIBIL score of 650 or above is the minimum requirement of Bank of Baroda in addition to a regular source of income. All of this together can help you negotiate with the lender for a lower or lowest rate on Bank of Baroda home loan.
