Baroda Home Suvidha Personal Loan

Personal Loan scheme for Home Loan borrowers for funding various misc. costs related with Home Purchase like Insurances, GST, Club Membership fee, etc.

Purpose:

Category - A

• Group Credit Life Insurance premium (for the products offered by M/s India First Life Insurance Company Limited or any other insurance company hat has a tie up with our Bank).
• Group Credit Health Insurance premium (for the products offered by Max Bupa Health Insurance Co. Ltd./Tata AIG General Insurance Co. or any other insurance company having a tie up with our Bank).
• Property insurance premium (from Tata AIG General Insurance Co. Ltd., Cholamandalam MS General Insurance Company & National Insurance Company Limited or any other insurance company having a tie up with our Bank).

Category – B

• Stamp duty and registration charges at the time of purchase of residential property.
• Goods and service tax (if applicable).
• Club membership charges (only at the time of purchase of house).

The reimbursement is allowed only within 12 months from the date of payment of such cost and end use must be ensured in respect of all the above finance.

Margin:

Category – A

Nil i.e. 100% finance can be availed by the applicants against category A expenses.

Category - B

25% margin on the eligible costs i.e. 75% finance can be availed by the applicants against category B expenses.

Repayment Period:

In case of fresh/takeover of linked home loans

Maximum repayment period to be allowed in the same line as applicable for home loan sanctioned/ proposed to the borrower.

In case of existing linked home loans

Maximum repayment period allowed will be the residual period of the existing home loan to the borrower.

• Prospective borrowers for Baroda Home Loans including takeover
• Existing borrowers under Baroda Home Loan Scheme

Processing Charges :

1. For Takeover leads received through Non-DSA (Digital or Non-digital) –

   NIL, subject to Login Fee of Rs.1,500/- which is to be refunded on first disbursement.

2. For Home Loan in approved projects (Digital or Non-digital):

   100% waiver in Processing charges, subject to recovery of out-of-pocket expenses of ₹3,500.00 + GST (Per Property)./p>

3. Under Home Loan Scheme for Central/State Govt/PSUs employees – for non-DSA (including leads generated by DST) –

   NIL, subject to Login Fee of Rs.1,500/- which is to be refunded on first disbursement.

4. For Other Home Loan lead sourced through Non-Digital Channel:

   100% waiver in Processing charges, subject to recovery of out-of-pocket expenses of ₹10,000.00 + GST (Per Property)

5. For Home Loan leads sourced through Digital Channel:

   100% waiver in Processing charges, subject to recovery of out-of-pocket expenses of ₹5,000.00 + GST (Per Property) to ₹8,500.00 + GST (conditions apply)

To check out the documents required for Baroda Home Loan,click here.

1. This loan is to be repaid in EMI starting from the next month of disbursement and no moratorium period will be allowed.
2. This loan will be co-terminus in nature i.e. if Home loan is closed, the Baroda Home Suvidha personal loan must also be closed.

Note: The Bank may use the services of agents in sales/marketing etc of the product.