Bank of Baroda



Personal > Loans > Baroda Additional assured Advance (AAA)
 

 
Branch Locator
Calculators
Application Forms
BOBCards
Important Links




Deposits  |  Gen-Next  |  Loans  |  Credit Cards  |  Debit Cards  |  Services  |  Lockers


Baroda Additional Assured Advance (AAA)

Eligible Borrowers :

All Existing Home Loan Borrowers including NRIs /PIOs, Staff and Ex-staff Members( availed home loan under public scheme as well as Staff Housing Loans) whose Asset classification is Standard

Loan Limit :

Minimum Rs.1 lac, Maximum Rs.200 lac
Or
75% of Residual Value of House Property after deducting 150% of outstanding loan amount of Existing home Loan whichever is lower.

Purpose :

Any purpose other than Speculation (No Change)

Margin :

25% of Residual Value of House Property after deducting 150% of outstanding loan amount of Existing home Loan.

Maximun Age:

Age of borrower + tenure of �AAA� Loan should not exceed 70 years, in syncronising with Home Loan.

Repayment Period :

As per request of the borrower subject to repayment capacity. However the maximum period should not be more than the remaining period of Home Loan.

Interest Rate :

1.50% above Base Rate w.e.f 16.08.2012

Unified Processing Charges :

2% with a minimum of Rs.1000/

Repayment Period :

Maximum 84 EMI but not to exceed maturity date of existing Home Loan

Security :

Extension of Eq Mortgage (No Change)

Insurance :

Property Insurance Cover with Personal Accidental Death Insurance Cover under Tie-up arrangement with NICL and additionally Group Credit Life Insurance Cover (Optional and at the cost of Borrower)

Repayment Capacity :

Total deductions not to exceed 60% of the Gross Monthly Income

Valuation Norms for the property to be mortgaged

Valuation norms will be as under:

1. If the property is purchased within last 5 years, the registered value to be accepted as value of the security. After five years of the execution of sale deed, fresh valuation from approved valuer may be accepted to the satisfaction of the sanctioning authority.

2. In all other cases present market value to be accepted as value of security subject to the condition that present valuation to carried out only after three years of previous valuation.

 

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

For more details, kindly visit a Bank of Baroda Branch nearest to you.



> Home Loan > Home Loans to NRIs / PIOs
> Home Improvement Loan
> Interest Subsidy Scheme For Housing The Urban Poor (ISHUP)
> Loan Against Future Rent Receivables
> Mortgage Loan
> Advance Against Securities
> Education Loan > Career Development Loan
> Car Loan > Two Wheeler Loan
> Car Loan to NRI/PIO
> Loan to Doctors > Traders Loan > Personal Loan
> Loan for financing Individuals for subscription to Public Issues /IPO
> Baroda Ashray (Reverse Mortgage Loan)
> Baroda Advance Against Gold Ornaments /Jewellries (At Urban & Metro Centres)
> Baroda Traders Loan Against the Security of Gold Ornaments /Jewellries (At Urban & Metro Centres)
> BarodaBaroda Additional Assured Advance (AAA) (Resident / NRIs /PIOs)
> Baroda Traders Gold Card Scheme
> Credit Risk Guarantee Fund Scheme for Low Income Housing (CRGFS)
> Baroda Premium Personal Loan




© 2017 Bank of Baroda. All rights reserved. Disclaimer For optimum view of this site you must have IE 5.0 and 1024 by 768 pixels
     
chic logo