Bank of Baroda Hyderabad
Last Updated : Feb. 3, 2017, 2:51 p.m.
About Bank of Baroda
Are you looking for a banking partner that can take utmost care of your needs? Do you want to enjoy a hassle-free banking experience? The answers to these questions lie in the hands of Bank of Baroda (BoB), which through its extensive line of products aspire to solve all your financial worries. At the same time, it keeps on developing high-quality and affordable products to raise the demand in the market. It has always been at the forefront of banking arena. The drive comes through its core principle to win the confidence of the customers. And it does so by serving them in the nicest way possible.
Have you ever wondered why Bank of Baroda (BoB) always sits with the best in the business? Any answers, coming….No. Because it comes up with products after a thorough observation of what’s going on in the market. Recently, the demonetization led to massive cash flush in the banks across India, prompting the lenders to slash home loan interest rates. Just as every lender was easing the rates. But who wins the battle in the end? Bank of Baroda.
It slashed the rates to an industry low of 8.35% per annum, leaving behind heavyweights like SBI and HDFC Limited. Also good was the fact that it removed the fee applicable on switching the home loan portfolio from base rate to Marginal Cost of Lending Rate (MCLR) for better transmission of rate cut benefits. Normally, when you switch, a charge of ₹ 5,000-10,000 used to apply. With the removal of fees, Bank of Baroda has further intensified the competition among the lenders vying for the top spot in India’s home finance market.
All in all, the bank has been a massive force in corporate banking, personal banking, MSME banking, NRI banking and other verticals. It strikes a perfect chord with different customer orientations and designs products accordingly. As a result, you can see the bank is moving fast to glory.
The testimony of the bank’s presence can be gauged from the fact that it operates with over 6,000 branches and about 1,000 ATMs across India. Its wings are spread to regions across the globe. From the United States to Australia and from Africa to the Middle East, BoB maintains a wide presence catering to different customer needs.
Talking of its reach within India, you can find branches of BoB well spread out. Be it North India or South India, it has branches everywhere to bank with. If you belong to Hyderabad or are looking to settle there, Bank of Baroda is one you can bank with down there. The bank has around 50 branches in the city of Hyderabad.
Bank of Baroda Hyderabad Branches
| Branch Name | Complete Address | IFSC | MICR | Contact Detail |
|---|---|---|---|---|
| A T Road | A T Road Gauh Branch, Paltan Bazar, Guwahati- 781001 | BARB0ATROAD | 781012003 | 0361-2540477, 2633964 |
| Beltola Tiniali | Beltola Tiniali, Beltola, Guwahati | BARB0BELTOL | 781012005 | 0361-2234285 |
| Dispur Branch | Dispur Branch, Indian Airlines Complex, Ganeshguri Chariali, Guwahati- 781005 | BARB0DISPUR | 781012004 | 0361-2224623, 2220992 |
| G S Road | G S Road, Taranis Bldg, Lachit Nagar, Chariali, Ulubari, Guwahati- 781007 | BARB0GSROAD | 781012006 | 0361-2466087 |
| Cycle Factory ROAD | Cycle Factory Road, Opposite Post Office, Fatasil Ambari, Guwahati, Assam 781025 | BARB0FATASI | 0361-2573511 | |
| Bamunimaidan | Beside East End, Nursing Home, Mrd Road, Bamunimaidan, Guwahati, Assam 781021 | BARB0BAMUNI | 781012010 | |
| Six Mile | Six Mile Vip Road Po Khanapara Ps Khanapara Dist Kamrup Metropolitan Guwahati, Assam- 781022 | BARB0SIXMIX | ||
| Ambari | G N B Road, Near Agp Office, Guwahati Club, Ambari District Kamrup Metropolitan, Assam-781001 | BARB0AMBARI | 781012008 | 0361-2461583 |
| Zoo Road Tiniali | Parnil Complex R G Baruah Road, Guwahati | BARB0ZOOTIN | 0361-2200032 | |
| Gauhati | Gauhati Branch, S.R.C.B.Road, Fancy Bazar, Guwahati, Assam-781001 | BARB0GAUHAT | 781012002 | 0361-2540476 |
Products Offered by Bank of Baroda in Hyderabad
Let’s now get to the products which you can apply at Bank of Baroda in Hyderabad. An attractive home loan with the lowest interest rate of 8.35% per annum with repayment period as long as 30 years is waiting for you. Similarly, other loans like personal loan , car loan and others are also there to avail. You can get an idea of the eligibility criteria, tenure and various other aspects by taking a look at the table below.
Basic Details of Loans at Bank of Baroda in Hyderabad
| Products | Eligibility | Loan Amount | Interest Rate | Processing Fee | Tenure |
|---|---|---|---|---|---|
| Home Loan | Minimum 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 value | 8.50% - 10.60% | 0.25%-0.50% of the loan amount Minimum- ₹7,500 Maximum- ₹20,000 | Upto 30 Years |
| Baroda Traders Loan | Individuals, proprietors, partnership firms & co-operative societies seeking working capital are eligible | ₹ 2 lakh-10 Cr | 10.35%-11.35% p.a. | 0.35% of the loan amount subject to a minimum of ₹ 7,500 | Upto 5 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 Cr | 7% onwards | 0.75% of the loan amount to a maximum of Rs 10,000 | Upto 7 Years |
| Loan Against Future Rent Receivables | Owners who have rented their premises or are looking 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 |
| Personal Loan | Minimum age for application-21 years Maximum age permitted at the time of loan maturity-60 years for salaried & 65 years for self-employed | ₹ 50,000-10,00,000 | 10.90% - 18.25% | Upto ₹ 10,000 | Upto 4 Years |
Documents Needed to Avail Loans from Bank of Baroda in Hyderabad
| Products | Salaried | Self-employed |
|---|---|---|
| Home Loan | Identity 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 Loan | Identity 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 Loan | Identity 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 |