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Home loan is important source of finance for buying a home. It is important to ensure that your home

loan is affordable for you and you are comfortable to repay them. If you are not, it may lead to poor

or bad credit history. Here are some points or factors to consider when getting a home loan.

Factors To Consider When Getting A Home Loan:Loan Amount, Tenure or Period of repayment, Hybrid Loan, Insurance for Home Loan,

Penalty and Charges , Tax benefit.

Type of Home Loan as per requirement BOB Proposes

Baroda Home Loan Baroda Home Loan to NRIs /PIOs Baroda Home Improvement Loan Baroda AAA to Residents / NRIs

Interest Subsidy Scheme for Housing to Urban Poors

Bank of Baroda Have certain Clauses(eligibility criteria) for Sanction loan

Purpose

Eligibility

Home Loan Limit

Repayment Capacity

Repayment Period

Insurance

Security Clauses

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Education loan An education or student loan means financial support given by a bank or

a financial institute to help a student meet the expenses needed for higher education.

Many colleges, universities and other educational institutions have tied up with private

and nationalized banks to help the students achieve their dreams. For studying in any

institute within the country, the maximum loan amount granted is 7.5 lakh (INR) and for

studying abroad, the maximum loan amount granted is 15 lakh (INR).

In India, if a student is under 18 years of age, an education loan is granted to the

parents. Loans are also granted through third-party guarantee, who can be a relative,

friend or neighbor. Students, above 18 years of age get loans to meet their professional

or academic education costs. Compared to other types of loans, education loans in

India come with lower interest rates. Sometimes, the loans are supplemented by

student grants, which in general cases do not have to be repaid. Most nationalized and

private lending institutions in India need authorization from the respective college or

university. These education loans generally include the costs of tuition fee, hostel

expense, and books & stationery costs.

Type of Home Loan as per requirement BOB Proposes

Baroda Education Loan ( Baroda Vidya / Gyan / Scholar ) Baroda Loan For Career Development Baroda Loan for Skill Dev. of Construction Workers.

Bank of Baroda Have certain Clauses(eligibility criteria) for Sanction loan

Target Group

Eligibility

Coverage of Expenses

Quantum of Finance

Repayment Period

Repayment Capacity

Processing & Documentation Charges

Financing Branch

Security Disbursement

Documents

Property Papers

Insurance

Rephasement

Classification of Advance

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