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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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