Bank of Baroda Kochi
Last Updated : Jan. 11, 2019, 6:04 p.m.
About Bank of Baroda
Do you know the men behind the pillars of Bank of Baroda (BoB)? When was it established? How it became a major bank in India? Well, it was the emperors who were the architect of BoB. These were Maharaja of Baroda and Maharaja Sayajirao Gaekwad III who did that many summers ago in 1908. One must say it was a grand beginning considering the situation the country was in. On one hand, our ancestors were sacrificing themselves to gain freedom for the country, there were these gentlemen who laid the foundation stone for a bank that has gone on to become one of the most preferred banks with the passage of time.
The real success of the bank started when the Government of India nationalized it in 1969. Post the massive success, the bank keeps redefining itself at various points of time. Amidst all these, the bank has managed to set a standard in various verticals of banking-corporate, retail, NRI or MSME-by providing them unique services all the time. From loans to deposits, it has re-engineered its products to fulfill the dreams of many.
Now what Bank of Baroda does well is to combat the competition with its unique offering. As we all know, the rate cut war is on a full swing post-demonetization. Almost every bank has come with an attractive home loan offer to lure the customers. But who won the race in the end? Your own Bank of Baroda that has now lowered the interest rates on its home loan to an industry low of 8.35% per annum for new borrowers. Another significant announcement that came was to do away with the charges that were earlier borne by the customers wanting to transfer their home loan balance to Marginal Cost of Lending Rate (MCLR) from the base rate. The charges for the same is around ₹ 5,000-10,000. These announcements have certainly aided the growth of BoB in the home loan segment.
From the time of being operated in a small building in the early 20th Century to managing the operation of more than 6,000 branches and 1,000 ATMs, the bank has placed itself well in an intensely competitive banking space full of large, mid and small players. But where it figures among these categories, it is the initial one i.e. large. It didn’t stop with branches in India alone as it expands itself overseas by establishing branches in high-profile locations like Dubai, Hong Kong, Africa, Middle East, the US, Australia and other centres of the globe.
Kochi, the city in the heart of Kerala, is banked well by Bank of Baroda that has 10-20 branches there. Want to know all those branches? Get that in a table below.
Bank of Baroda Kochi Branches
| Branch Name | Complete Address | IFSC | MICR | Contact Detail |
|---|---|---|---|---|
| Cochin | Cochin Branch, PB 222 Palace Road, Mattanchery (Ernakulam Dt.)- 682002 | BARB0COCHIN | 682012003 | 0484-2224822 |
| Ernakulam | Ernakulam Branch, Pallimukku, M G Road, Ernakulam-682016 | BARB0ERNAKU | 682012002 | 0484-2351205 |
| Ernakulam- North | Ernakulam-North Branch, 36/637 - A Bannerji Road. Ernakulam North Cochin, Ernakulam, Ernakulam- 682018 | BARB0ERNPOR | 682012007 | 0484-2366264, 2360553 |
| Kochi | Kochi Branch, 28/94, Panampilly Avenue, Panampilly Nagar, Kochi- 682036 | BARB0KOCHBS | 682012008 | 0484-2310166 |
| Vytilla | Near Welcare Hospital, S A Road ,Vytilla, Ernakulam, Kerala-682019 | BARB0VYTILA | 682012010 | 0484-2389135 |
| W. Island | W. Island Branch, Willington Island; Cochin 3. Ernakulam.Kerala, Cochin-682003 | BARB0WILLIN | 682012004 | 0484-2666660 |
| Palarivattom | First Floor, 34/1860 A, Alwaye Ernakulam Main Road, Mamangalam, Palarivattom Po, Ernakulam-682 025 | BARB0PALARI | 682012012 |
Products Offered by Bank of Baroda in Kochi
If it is the point of buying a dream car by a car loan or purchasing a duplex in your city Kochi via a home loan, Bank of Baroda is there to help you at each step of your goal fulfillment ride. The loans offered here are many. You just need to find which one suits your need better. In order to help you do that, a summary of the products and its eligibility & other aspects are covered in the table below. So glance at it and finance your dream.
Basic Details of Loans at Bank of Baroda in Kochi
| 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 Kochi
| 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 |
