I am customer of Bank of Baroda and want to take Mortgage loan from this bank searching for details. Will you tell Mortgage loan Bank of Baroda Eligibility also provide loan form?

Mortgage loan Bank of Baroda Eligibility:

Resident Indians

Salaried/ Professionals/ self-employed/ Business persons/ Agriculturists employed/ engaged in business/ profession for a minimum period of 3 years. (Break in service can be considered for maximum period of 3 months)
Minimum Gross Annual Income (average of Last 3 years) should be Rs. 3 lacs including co-applicants whose income is considered for eligibility of limit.

Non-Resident Indians

Any NRI, holding valid Indian Passport, and having regular employment / self-employed/ business for a minimum period of -2- years and holding a valid Job-Contract / work-permit for minimum -2- years in foreign country.
Minimum Gross Annual Income (average of Last 3 years) should be Rs. 5 lacs including co-applicants whose income is considered for eligibility of limit.

Interest rate and charges:

Repo Rate: 5.15%

Marginal Cost of funds based Lending Rate (MCLR)

MCLR rate

Sr. No. MCLR Benchmark MCLR in (%) w.e.f. 12.02.2020
1 Overnight MCLR 7.55
2 1 Month MCLR 7.55
3 3 Month MCLR 7.7
4 6 Month MCLR 8
5 1 Year MCLR 8.15

Base Rate (per annum) 9.00%


BOB Mortgage loan application form










Contact:

Head office
Bank of Baroda
Baroda Bhavan
7th Floor,R.C. Dutt Road,
Vadodara-390 007, (Gujarat) India.

Phone No. : (0265) 2316792

Email : gm.ops.ho@bankofbaroda.com