For any purpose other than speculation
- Employees of Central / State Govt. / Autonomous Bodies/ Public / Joint Sector Undertakings, Public Limited Co. / MNCs & Educational Institutions – with minimum continuous service for 1 year
- Employees of Proprietorship, Partnership firms, Private Limited companies, Trust - with minimum continuous service for 1 year
- Insurance Agents- doing business for minimum last -2- years
- Self Employed Professionals (Doctor, Engineer, Architect, Interior Designers, Tech. and Management Consultants, Practicing Company secretaries etc) -- with minimum 1 year stable business.
- Self Employed Business persons - with minimum 1 year stable business.
Loan amount upto Rs. 2.00 Lakhs:
- Satisfactory account relationship with our Bank or any other Bank for atleast -6-onths
Loan amount above Rs.2.00 Lakhs:
- Satisfactory account relationship with our Bank for at least -6- months.
- In case of Employees of Proprietorship, Partnership firms, Private Limited companies, Trust – Salary account of the employee should be maintained with our Bank for the last -6- months.
- In case of Insurance Agents – The Commission for the minimum last -6- months to be credited to the account with us
Minimum : 21 Years
- For Salaried Persons: Age of Borrower plus repayment period should not exceed retirement age or 60 years whichever is lower.
- For non-salaried Persons: Age of Borrower plus repayment period should not exceed 65 years
- Metro & Urban : Rs. 10.00 Lakhs
- Semi-Urban & Rural : Rs.5.00 Lakhs
- Metro & Urban : Rs. 1.00 Lakh
- Semi-Urban & Rural : Rs.50,000/-
- Maximum -48- months (in equated monthly installments)
- GMI less than Rs. 75,000 : 40% of GMI
- GMI Rs. 75,000 and above but less than Rs.2,00,000 : 50% of GMI
- GMI Rs. 2,00,000 and above : 60% of GMI
- Penal interest @2% shall be levied on overdue amount
Penalty for Prepayment
RATE OF INTEREST: (CLICK HERE FOR CURRENT INTEREST RATES).
- Pre-closure within-6- months : 4% on the outstanding balance as per original repayment / EMI schedule
- Pre-closure after 6 months: Nil
PROCESSING CHARGES: (CLICK HERE FOR DETAILS)
For further details, please contact theBank of Baroda Branch nearest to you.