Bank of Baroda home loan

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Banks In India Latest News And Updates

Bank of Baroda net profit falls by over 21 percent in 2014-15
May 12, 2015 10:56 AM
State-owned Bank of Baroda on Monday said its consolidated net profit for 2014-2015 declined by over 21 percent at Rs.3,911.73 crore against Rs.5,000.73 crore during 2013-14. Even as profitability fell, consolidated net revenues during the timeperiod under review rose by 9.4 percent at Rs.50,364.23 crore against Rs.46,018.05 crore in 2013-14. However, total expenses increased by over 11 percent at Rs.39,151.02 crore in 2014-15 against Rs.35,134.52 crore in 2013-14. In a regulatory filing with the Bombay Stock Exchange, the bank said: "During the (fiscal) year, the bank has sold financial assets with net book value of Rs.185.54 crore to asset reconstruction companies on cash and security receipt basis which are treated as SLR (statutory liquidity ratio)." Source: IANS

Abstract: Bank of Baroda home loan is one of the most well known products of the bank. It comes in various forms and is tailor made as per the requirements of the different customers.

Bank of Baroda home loans - Overview
Bank of Baroda home loans are a prestigious part of the Bank of Baroda. The bank was established in the year 1908. It has its headquarters in Mumbai. The Bank of Baroda offers various types of loans and the home loans are an important part of the package.

The need for new houses, flats, apartments, house construction, repairing an existing house requires financial support. Bank of Baroda home loans is one of the best financial support all such people who are looking for houses or trying to repair existing houses can avail.

Bank of Baroda home loans is mainly of 3 types - Baroda Housing Loan, Baroda Housing Loans to NRIs and PIOs and Baroda Home Improvement Loans

Baroda Housing Loan

Bank of Baroda provides easy Home Loan, which is also tailor- made to the fit the requirement of different customers. The repayment period is up to 25 years with the option of floating or fixed rate of interest.

Baroda Housing Loan is available for,

  • Construction of house.
  • Purchase of old or new dwelling unit
  • Repaying a loan borrowed from other housing finance company or commercial bank.
  • Purchase of plot of land for construction of a house.

Baroda Housing Loans to NRIs and PIOs

Bank of Baroda offers innovative home loan solutions to the Non Resident Indians (NRI) and Persons of Indian Origin (PIO).

Baroda Housing Loans to NRIs and PIOs - Advantages
  • It is a home loan, which is custom made for the Non Resident Indians (NRI) and Persons of Indian Origin (PIO).
  • Free insurance pertaining to personal accident and property.
  • No pre payment or foreclosure charges for part as well as full prepayment.
  • Option of Flexi Rate plan, which evades the interest rate risk by breaking the loan into two separate accounts.

Baroda Home Improvement Loan

This is a loan pertaining to the extension of home, repairs, improvement, renovations, extension of home and for furniture, fittings and fixtures

Baroda Home Improvement Loan - Advantages

  • Loans are available for renovation, repairs, extension of the existing house, improvements.
  • Loans are available for purchase of fixtures, furniture, home appliances, furnishing, and other gadgets.