Terms & Conditions

• The beneficiaries of this loan can be:
  
  
  1. Permanent confirmed employees (minimum 1 year service) of
     
     
     • Central/State Govt/ /Autonomous Bodies/Public/ Joint sector undertakings.
     • Reputed Limited companies / MNCs & Educational Institutions.
     
     
  2. Self Employed Professional
     
     Doctors, Architects, Interior Designers, Engineers, Chartered Accountants, Technical & Management Consultants & practicing Company Secretaries only, with a stable business (minimum 1-year).
     
     
  3. Insurance agents subject to
     
     
     1. The agent is doing insurance business for the last -5- years
     2. The agent has regular and stable income and maintaining SB a/c with the bank for crediting commission cheques received from their principals.
  
  
• Loan Amount :
  Minimum : Rs. 20000 and
  Maximum of Rs. 2,00,000 (Subject to condition)
  For Civil Pensioners : Maximum limit Rs. 1 lac
  For Defence Pensioners : Maximum limit Rs. 2 lacs
  For Earnest Money Deposit : Maximum limit Rs. 5 lacs
  
  
• Repayment :
  Up to 36 months (maximum) in Equated Monthly Installments.
  No pre-payment charges. However, penalty of 2% on overdue amount
  
  

RATE OF INTEREST: (CLICK HERE FOR CURRENT INTEREST RATES).
PROCESSING CHARGES: (CLICK HERE FOR DETAILS)

For further details, please contact the Bank of Baroda Branch nearest to you.



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