Bank of Baroda Balance Transfer

Bank of Baroda

Check out your savings with Bank of Baroda Home Loan Balance Transfer Calculator here

More details on our blog - here

Features

  • Free Personal Accident Insurance is available for stipulated tenure.
  • Free Credit Card (BOBCARD – complementary for first year) to all Home Loan borrowers (first borrower) with loan limit of Rs. 2/- Lacs and above.
  • Concession of 0.25% in rate of interest for Car Loans.
  • Concession of 0.50% in rate of interest for Loan for consumer durables.
  • Top up Loan (Baroda Additional Assured Advance – AAA) can be availed 5 times during loan period.
  • Minimum Rs.1/- Lac, Maximum Rs.200/- Lacs or 75% of residual value of house property after deducting 150% of outstanding loan amount of existing Home Loan, whichever is lower).
  • As per current IT provisions – Interest on loan upto Rs.1.50 lacs per annum is exempt from income tax (Under section 23/24 (1) of the Income Tax Act).

Documents

  • Photo Identity Proof
  • Residence /Address Proof
  • Proof of Age
  • Passport size photographs
  • Signature verification from existing banker alongwith copy of Bank statement for last six months.
  • Copy of PAN CARD
  • Copy of the document to title of the property
  • In case of construction of house  Approved plan detailed estimated cost of construction  certified by Architect alongwith title deed of the property are required to be submitted.

For salaried class persons:

  • Last 4-6 months salary slip alongwith Form no. 16 for last 3 financial years.

 Self employed/ Business persons:

  • Copy IT Returns for last three years alongwith last IT assessment order
  • Copy of Audited Balance Sheet and Profit & Loss A/cs for last three years.

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