Loans & Borrowings Articles

  • What Is a Car Loan?

    By : Bank of Baroda
    03 Jul, 2021

    What Is a Car Loan? Did you notice that new sedan on display as you passed by the auto showroom in town? And that shiny, eye-catchy hatchback model sitting right next to it? Well, now you can be the proud owner of any of those. With a Car Loan, there is no worrying abo...

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  • What Is a Car Loan Moratorium?

    By : Bank of Baroda
    03 Jul, 2021

    What Is a Car Loan Moratorium? The concept of a moratorium is not a new one in banking, and the same has found a place in the loan offerings of most banks and financial institutions. A moratorium, by definition, is a temporary suspension or postponement of an activity....

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  • What is a Car Loan Processing Fee?

    By : Bank of Baroda
    03 Jul, 2021

    What is a Car Loan Processing Fee? Today, you can easily be the proud owner of a hatchback, MUV, SUV or sedan of your choice. Your dream of having a car is no longer out of your reach, and for that, you can opt for a Car Loan. But as you may have heard, there is no suc...

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  • What is a Car Loan Statement?

    By : Bank of Baroda
    03 Jul, 2021

    What is a Car Loan Statement? Managing one's money can be quite a task, especially for those who have several accounts, investments and loan accounts running parallelly, without any external help. You have to keep track of monthly household bills, EMI dues on home or c...

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  • Car Loan Disbursement Process Explained Here | Bank Of Baroda

    By : Bank of Baroda
    04 Apr, 2021

    Car Loan Disbursement Is a shortage of ready funds the only thing holding you back from bringing home that latest MUV on display at the nearby showroom? Then maybe it is time you take a look at the various Car Loan products on offer. Gone are the days of saving up for ...

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  • How to Apply for a Car Loan Online: Eligibility, Document Required | Bank o...

    By : Bank of Baroda
    04 Apr, 2021

    How to Apply for a Car Loan That expensive car you have your eyes on is now a possibility more than ever. You can get a loan from banks and other financial institutions to fund it. Not long ago, having a home of your own or a family car used to be considered luxurious ...

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  • How to Calculate an EMI for a Car Loan

    By : Bank of Baroda
    04 Apr, 2021

    How to Calculate an EMI for a Car Loan Most banks and financial institutions offer a range of car loan products these days, all available at competitive rates of interest. A convenient and straightforward way to get an idea of the amount of money you'll have to set asi...

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  • Types Of Car Loans & How It Works| Bank Of Baroda

    By : Bank of Baroda
    04 Apr, 2021

    Types of Car Loans Car Loans are for those looking to finance their car purchase at relatively attractive interest rates. At Bank of Baroda, you can get financing of up to 90% of the on-road price of a brand new car of your choice if you opt for a Car Loan. Anyone can...

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  • Car Loan Disbursement

    By : Bank of Baroda
    01 Apr, 2021

    Car Loan Disbursement Is a shortage of ready funds the only thing holding you back from bringing home that latest MUV on display at the nearby showroom? Then maybe it is time you take a look at the various Car Loan products on offer. Gone are the days of saving up for ...

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  • Types of Car Loans

    By : Bank of Baroda
    01 Apr, 2021

    Types of Car Loans Car Loans are for those looking to finance their car purchase at relatively attractive interest rates. At Bank of Baroda, you can get financing of up to 90% of the on-road price of a brand new car of your choice if you opt for a Car Loan. Anyone can...

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  • What Is a Car Loan Moratorium?

    By : Bank of Baroda
    01 Apr, 2021

    What Is a Car Loan Moratorium? The concept of a moratorium is not a new one in banking, and the same has found a place in the loan offerings of most banks and financial institutions. A moratorium, by definition, is a temporary suspension or postponement of an activity....

    Know More
  • What is a Home Loan Processing Fee?

    By : Bank of Baroda
    01 Apr, 2021

    What is a Home Loan Processing Fee? Banks and lending institutions levy a onetime charge on the different types of Home Loan products. This charge, known as the Home Loan processing fee. It is generally not deductible from the loan amount, and the borrower pays it sepa...

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  • What is a home loan Top-up-edited

    By : Bank of Baroda
    01 Apr, 2021

    It's a new year and a new normal in the lives of most people. Yet buying a home of one's own continues to be one of the biggest aspirations. However, with skyrocketing prices of real estate, property purchase remains out of the reach of many individuals. For this very r...

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  • What is a Home Loan?

    By : Bank of Baroda
    01 Apr, 2021

    What is a Home Loan? For those looking to own a home, banks and other financial institutions offer loans for that purpose at competitive interest rates. So if you already have that dream house in sight, the next step isn't too hard. You can use a Home Loan to buy a plo...

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  • What are the Benefits of Applying for a Home Loan?

    By : Bank of Baroda
    10 Feb, 2021

    What are the Benefits of Applying for a Home Loan? Buying a property is a significant milestone in life. And in today's world, you can fulfil this milestone quite easily, thanks to a facility known as a Home Loan. Yes, a home loan empowers you to become a proud owner o...

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  • Home Loan Eligibility Guide for Beginners

    By : Bank of Baroda
    10 Feb, 2021

    Home Loan Eligibility Guide for Beginners Buying a house in today's real estate market may seem expensive, but it is not impossible. With Bank of Baroda's Home Loans, you can buy a ready-to-move-in home, an under-construction home or a plot of land and construct house ...

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  • List of Documents Required for Home Loan

    By : Bank of Baroda
    10 Feb, 2021

    List of Documents Required for Home Loan When you apply for a Home Loan, a bank needs proof to verify your identity and assess your creditworthiness, before sanctioning. It does that by requesting you to provide several documents. As such, you should ensure you provide...

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  • 5 Steps to Apply for a Home Loan

    By : Bank of Baroda
    10 Feb, 2021

    5 Steps to Apply for a Home Loan You may have heard people say that real estate is the best kind of investment. Its value appreciates over time, and you also get several tax benefits under various Sections of the Income Tax Act of India, 1961. But with ever-escalating ...

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  • Home Loan Process at Bank of Baroda

    By : Bank of Baroda
    10 Feb, 2021

    Home Loan Process at Bank of Baroda Owning a home gives you a sense of financial security. You can easily become a homeowner, thanks to a Home Loan. To make this type of loan more accessible to anyone in need, Bank of Baroda has made the loan application process even m...

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  • Home Loan Principal & Interest Rate Explained

    By : Bank of Baroda
    10 Feb, 2021

    Home Loan Principal & Interest Rate Explained Bank of Baroda offers a wide variety of Home Loans that you can choose from, based on your requirements. The bank offers loans of several lakh to a few crore in various Indian cities and towns. With its streamlined, onl...

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  • Does a Co-Applicant's Income Improve Your Chances of Getting a Higher Home ...

    By : Bank of Baroda
    10 Feb, 2021

    Does a Co-Applicant's Income Improve Your Chances of Getting a Higher Home Loan Amount? A Home Loan is considered a once-in-a-lifetime opportunity for many people. That is why it would help to maximise your potential loan amount. The best to go about is to opt for a jo...

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  • Reasons to Consider a Home Loan Balance Transfer

    By : Bank of Baroda
    10 Feb, 2021

    Reasons to Consider a Home Loan Balance Transfer Home Loans make it possible for you to invest in a property of your choice. The property could be a ready-to-move-in home or an under-construction property, or a plot of land on which construction will be carried later o...

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  • Different Types of Loans for Your Home

    By : Bank of Baroda
    01 Feb, 2021

    Different Types of Loans for Your Home With property rates rising with each passing year, it is almost impossible to buy one from your savings. Thankfully, you do not need to worry about exhausting all your savings to become a property owner. You can get the necessary ...

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  • How to buy a mobile phone on EMI using a Debit Card?

    By : Bank of Baroda
    28 Jan, 2020

    Did you know that it is possible to buy a mobile phone on EMI? Yes. It’s possible. All you need is a pre-approved customer to avail ‘On The Fly Debit Card EMI’ by Bank of Baroda, and the smartphone of your choice can be yours. Buying a phone can be a ...

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  • 6 Effective ways by which your CIBIL Scores can Improve

    By : Bank of Baroda
    01 Nov, 2019

    One of the most important prerequisites for taking on any kind of loan today, is your CIBIL score. Whether it is a home loan, a vehicle loan, a personal loan or any other kind of loan Applicant, banks always check one’s CIBIL scores. Also known as credit score; t...

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  • 7 Step-guide to applying for a Home Loan

    By : Bank of Baroda
    01 Nov, 2019

    All of us dream of becoming homeowners. It is a way of ensuring lifelong financial security; the kind that does not come from living in a rented home. But buying a home is a complicated process. Whether it is years of savings to be given as down payment, or finding the ...

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  • Your Complete Guide -To The Home Loan Disbursement Process

    By : Bank of Baroda
    01 Nov, 2019

    Now that you have a thriving career, you are done living on rent. You have already picked your dream house.You have also narrowed down on the bank that you want to borrow your home loan from-like for example Bank of Baroda, based on low attractive interest rates, flexib...

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  • What is the best age to go for a Home Loan?

    By : Bank of Baroda
    01 Nov, 2019

    Buying a home is a dream for every individual across the globe. The only problem is affordability. Buying a house needs to fit the budget. One’s dream need to be realistic in order to achieve it. From a lender’s point of view a person becomes eligible for l...

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  • How Mortgage loans work?

    By : Bank of Baroda
    01 Nov, 2019

    Home loan or Mortgage loans is without a doubt the longest loan a person takes in his lifetime. Most other loans like personal, education and automobile loans are of shorter duration but a home loan can last for as high as 30 years. It is thus very important to understa...

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  • What is an EMI?

    By : Bank of Baroda
    01 Nov, 2019

    A loan is always taken for a specific purpose, be it a housing loan, an automobile loan, an education loan or a personal loan. Whenever a loan is taken it has to be returned to the lender. These repayments are done in a specific format where the amount is deducted from ...

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  • How to remove car loan hypothecation after car loan repayment?

    By : Bank of Baroda
    01 Nov, 2019

    A secured loan is a loan in which an asset is hypothecated to the lender. Since the lender finances the purchase of the asset, the original purchase papers of the asset are with the lender. When it comes to purchase of a home, the asset’s ownership shifts to the b...

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  • How to get a personal loan with a bad CIBIL score

    By : Bank of Baroda
    01 Nov, 2019

    With a number of lenders proliferating across the country borrowing money is no longer difficult. The number of phone calls we get on a daily basis selling personal loans is an indication of how the lenders are now chasing people to borrow. However, it may be easy to b...

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  • Why is a CIBIL Score Important?

    By : Bank of Baroda
    01 Nov, 2019

    Started in 2000, CIBIL or the Credit Bureau is an authorized credit information company that tracks debt repayment history and provides a credit score accepted by a vast network of financial institutions as a valid benchmark to examine a potential borrower’s credi...

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  • What Is A Personal Loan

    By : Bank of Baroda
    01 Nov, 2019

    A personal loan does not require the borrower to provide collateral and so it is an unsecured loan. The purpose or intention of a personal loan is to fund immediate financial contingencies. It could be for business capital, marriage, medical expenses or even foreign tri...

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  • How to Get a Car Loan?

    By : Bank of Baroda
    01 Nov, 2019

    Now that you have zeroed in on your dream car after test driving a few of them, you probably cannot wait any longer to buy it. Now the next obvious question is, what are your financial options for buying the dream car? For many of us, a car loans seems like a comfortabl...

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  • Computing Your Car Loan EMI Made Easy

    By : Bank of Baroda
    01 Nov, 2019

    Every individual’s journey to buy a car is unique. It begins with where the individual is in his/her career, and the choice of vehicle they want, which is mainly based on why they want the car. During the process, they also focus on how they can get a car loan tha...

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  • Advantages of personal loans to raise funds

    By : Bank of Baroda
    01 Nov, 2019

    There are times in everyone’s life when there is a sudden need for money. The immediate choice is generally to use a credit card or to borrow money from friends or family members. With net-banking now in place and more lenders chasing fewer borrowers, raising mon...

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  • The 3 Easy Steps to Calculate EMI on Personal Loan?

    By : Bank of Baroda
    01 Nov, 2019

    A personal loan does not require the borrower to provide collateral and so it is an unsecured loan. Since these are unsecured loans, the rate of interest on these loans are believed to be quite higher than all other types of loans. The purpose or intention of a personal...

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  • How does an EMI on debit card work?

    By : Bank of Baroda
    01 Nov, 2019

    With the exponential growth and increase in online shopping and the number of products available, the modes of payment for these purchases have also evolved. It is no longer necessary to pay upfront in cash. One very popular option that people use is to convert purchase...

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  • How to buy a house in India? All you need to know.

    By : Bank of Baroda
    01 Nov, 2019

    Buying a house is a dream for a many people in India. However, the process to buy a house is not as simple as looking it up and buying it instantly. There are a lot of factors to consider and a fair bit of due diligence is required on the part of the buyer before the ho...

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  • Applying for an education loan – the procedure you need to follow

    By : Bank of Baroda
    01 Nov, 2019

    We have all heard the age old saying that the path to a great career and successful life is paved through a quality education. Holding a higher education degree opens up many career avenues and helps you secure your financial future. But with the ever-rising cost of col...

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  • How much home loan can I get as a salaried employee?

    By : Bank of Baroda
    01 Nov, 2019

    Real estate rates are rising with every passing day. It is no longer feasible for one to purchase a home simply with the help of their savings. You need to approach a bank to take out a home loan. But lenders need to be sure that you have the capacity to repay the loan,...

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  • How the Pradhan Mantri Awas Yojana Scheme is a futuristic, beneficial schem...

    By : Bank of Baroda
    01 Nov, 2019

    We all dream of owning a home. Whether it is a small 1BHK or a bungalow, a home is the ultimate financial security one can have. It can provide you and your family a safe heaven, it can take care of the financial future of your children and it can also be used as collat...

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  • How to apply for an education loan – a step by step guide

    By : Bank of Baroda
    01 Nov, 2019

    The cost of seeking a quality education is rising every day. Schools and universities charge fees to the tune of several lakhs of rupees, making it impossible for parents to fully fund their child’s education. High costs of education are especially a burden on par...

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  • Home Loans for Women (Benefits)

    By : Bank of Baroda
    16 May, 2019

    All of us dream of become homeowners. It is a way of ensuring lifelong financial security; the kind that does not come from living in a rented home. But buying a home is a complicated process. Whether it is years of savings to be given as down payment, or finding the ri...

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  • How to Claim Car Loan Tax Exemption ? | Bank of Baroda

    By : Bank of Baroda
    15 May, 2019

    Introduction: Cars are considered a luxury product in India and many people avail loans to purchase their dream cars. But did you know that you can avail car loan tax benefit? Yes, you read that right. Much like the education and home loan, car loan benefits in income...

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  • Education Loan Tax Benefit

    By : Bank of Baroda
    15 May, 2019

    All You Need to Know About Education Loan Tax Benefits under Section 80E of the Income Tax Act Investing in a sound education has always been considered a worthy investment. A good degree can set you on the path of financial independence. But the costs associated with ...

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  • Difference Between Credit Card & Debit Card

    By : Bank of Baroda
    15 May, 2019

    4 Differences between Credit Card and Debit Card When you open a bank account, you are provided with a cheque book, a passbook and an ATM-cum-debit card, also known simply as a debit card. After you’ve held your account with the bank for some time, the bank may e...

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  • Know more about prepayment of a home loan!

    By : Bank of Baroda
    15 May, 2019

    If you are looking to reduce your debt burden, you should consider prepayment of home loan. As soon as your finances improve, you can choose to finish your home loan, either in part or in full. If you repay your home loan completely or in part before the scheduled tenur...

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  • What Is Overdraft Facility? All You Need To Know!

    By : Bank of baroda
    15 May, 2019

    When you open a bank account, you are provided with a bouquet of financial services. The bank provides a cheque book and a passbook to help you manage and maintain your accounts. Furthermore, you are provided with an ATM cum debit card, net and mobile banking facilities...

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