Purpose
For any purpose other than speculationEligible Borrowers
Account Relationship
Loan amount upto Rs. 2.00 Lakhs:
Loan amount above Rs.2.00 Lakhs:
Age
Minimum : 21 YearsMaximum :
Loan Limit
Maximum:Minimum:
Repayment
Repayment Capacity
Penal interest
Penalty for Prepayment
In terms of RBI guidelines, effective from 01.04.2016, pricing of all rupee loans and advances linked to Marginal Cost of Funds Based Lending Rate (MCLR).
Rate of Interest under all Retail Loans are linked to 1 year MCLR from 1st April, 2016.
Existing borrowers of the Bank shall have an option to switch over from Base Rate system to interest rates linked to MCLR (other than Fixed Rate Loans). Borrowers willing to switch over to the MCLR based interest rate may contact the respective branch.
Product | Rate of Interest | ||
1. | BARODA HOME LOAN & | From One year MCLR + Strategic Premium (As per Risk Rating of the applicant/s.) | |
Baroda Home Loan Advantage | Upto Rs 75.00 Lacs : Normal Home Loan Rate | ||
Baroda CRE Home Loan | 0.25% over Normal Home Loan Rate | ||
Baroda CRE Home Loan (Advantage) | Upto Rs 75Lacs : 0.25% over Normal Home Loan Rate | ||
Baroda Additional Assured Advance (AAA) | One year MCLR + Strategic Premium + 1.50% | ||
2. | BARODA MORTGAGE LOAN | From One year MCLR + Strategy Premium+1.75% | |
3. | BARODA ASHRAY (REVERSE MORTGAGE LOAN) | One year MCLR + Strategic Premium + 1.75% | |
4. | BARODA TRADERS LOAN: | ||
Traders Loan-Irrespective of loan limit / facility (OD / TL) | From One year MCLR + Strategy Premium+1.75% | ||
Traders Loan to Commission Agents (Arthias) | One year MCLR + Strategy Premium+2.00% | ||
5. | BARODA LOAN TO DOCTORS | Up to Rs 2.00 Lacs : One year MCLR + Strategic Premium + 3.00% | |
6. | Baroda Vidya (For School Education from Nursery to XII) & Baroda Gyan (For Higher Studies in India) | Up to Rs 7.50 Lacs : One year MCLR + Strategic Premium + 2.50% | |
Baroda Education Loan to Students of Premier Institutions | For List-A Institutions : | ||
For List-B Institutions: | |||
For IIM Ahmadabad, Kolkata, Bangalore and XLRI Jamshedpur | One year MCLR + Strategic Premium | ||
Baroda Scholar | List A Institute and List B Institutes: | ||
Baroda Career Development | One year MCLR + Strategic Premium + 2.75% | ||
Baroda Skill Loan Scheme | One year MCLR + Strategic Premium + 1.50% | ||
7. | BARODA AUTO LOAN | Car Loan: From One year MCLR + Strategic Premium + 0.25% (As per Risk Rating of the applicant/s.) Car Loan to Corporate: One year MCLR + Strategic Premium + 0.25% Two Wheeler Loan: One year MCLR + Strategic Premium + 4.00% | |
8. | BARODA ADVANCE AGAINST SECURITIES | ||
Against NSC / KVP | Loan: | One year MCLR + Strategic Premium + 3.50% | |
Overdraft: | One year MCLR + Strategic Premium + 4.00% | ||
Against Life Insurance Policy / Relief Bonds | Loan: | One year MCLR + Strategic Premium + 3.50% | |
Overdraft: | One year MCLR + Strategic Premium + 4.00% | ||
Advance Against Gold Ornament / Jewellery/Gold Coins | One year MCLR + Strategic Premium + 3.00% | ||
9. | BARODA PERSONAL LOAN |
| |
| One year MCLR + Strategic Premium + 4.50% | ||
|
Category A: MCLR + Strategic Premium + 3.00% | ||
| One year MCLR + 3.25% | ||
Baroda Home Loan Suraksha Personal Loan | As applicable to Home Loan account for which funding of Insurance Premium amount | ||
10. | BARODA LOAN TO PENSIONERS | One year MCLR + Strategic Premium + 2.00% For Retired Bank of Baroda/ their Family pensioners: | |
11. | Baroda Loan for Subscription to Public Issue/IPO | One year MCLR + Strategic Premium + 3.75% | |
12. | LOAN/OD AGAINST BANKS OWN DEPOSITS (LABOD/ODBOD): | ||
For Public/ Senior Citizen/Staff (against Resident Deposits) | 1.00% over Interest Rate on Fixed Deposit | ||
Advance Against the securities of third party FDRs | 1.00% over Deposit rate | ||
13. | Baroda Loan Against future Rent Receivables | For Landlords of BOB Branch Premises | |
| Sr. No. | Parameter | Interest rate (per annum) w.e.f. 01.08.2013 |
| 1. | Direct Agriculture (Production Credit & Investment Credit*) | |
| 1.1 | Limit up to Rs 3 lacs | 7.00% p.a. (Fixed) : Subject to Govt. of India providing subvention to Bank on such advances. Otherwise as mentioned below : Base Rate . |
| 1.2 | Above Rs 3 lacs and | Base Rate+1.25% |
| 1.3 | Rs 25 lacs and above | Base Rate+2.00% |
| *Investment Credit will attract tenure premium as mentioned separately | ||
| 2 | Indirect Agriculture/Other Priority Sector (Other than housing Loans, Retail Lending Products & MSE) | |
| 2.1 | Loans up to Rs 3 lacs | Base Rate+0.50% |
| 2.2 | Above Rs 3 lacs and | Base Rate+1.50% |
| 2.3 | Rs 25 lacs and above. | Ranging from Base Rate+1.50% to Base Rate + 3.50% . for loans depending upon credit rating of individual borrower irrespective of the tenure as mentioned below. |
| 2.5.1: | For Indirect Agriculture: Rs 25.00 lacs & above: | |
| 2 | CR 1 | Base Rate+1.50% . at present. |
| 2.1.1 | CR 2 | Base Rate+1.75% . at present. |
| 2.1.2 | CR 3 | Base Rate+2.00% . at present. |
| 2.1.3 | CR 4 | Base Rate+2.50% . at present. |
CR 5 | Base Rate+2.75% . at present. | |
| 2.1.4 | CR 6, 7, 8, 9 & 10 | Base Rate+3.25% . at present. |
| 2.1.4.1 | For Other Priority Sector (For advances other than Agriculture/Retail/SME Banking) : Rs 25.00 lacs& above: | |
| 2.1.4.1.1 | CR 1 | Base Rate+1.90%. at present. |
| 2.1.4.1.2 | CR 2 | Base Rate+2.25% . at present. |
| 2.1.4.1.3 | CR 3 | Base Rate+2.25% . at present. |
| 2.1.4.1.4 | CR 4 | Base Rate+2.75%. at present. |
| 2.1.4.1.5 | CR 5 | Base Rate+3.00% . at present. |
| 2.1.4.1.6 | CR 6, 7, 8, 9 & 10 | Base Rate+3.50%. at present. |
| 3 | Advances to special category of borrowers/activities/purposes: | |
| Sr.No. | Parameter | Interest Rates |
| 3.1 | Finance to PACS/ FSS/ LAMPS for on lending to farmers irrespective of loan limit / purpose. | 7.00% p.a. (Fixed) *Subject to Govt. of India providing subvention to Banks on such advances. Otherwise, rate will be: Base Rate+0.50% |
| 3.2 | Finance to SHGs/JLGs |
Above Rs 3 lacs - Base Rate+1.00% |
| 3.3 | Advances for construction of Godowns designed to store agriculture produce / products | Base Rate+0.50% |
| 3.4.1 | Advances against warehouse receipts to farmers up to Rs 50.00 lacs @ | Base Rate+1.00% |
| 3.4.2 | Advances against ware house receipts to other than farmers @ | Base Rate+2.00% |
| 3.5 | Loans for purchase of four wheelers to farmers | Rate of interest applicable for Baroda car Loan minus 0.25% subject to minimum ROI of Base Rate |
| 3.6 | Financing construction | Rate of interest applicable for housing loan scheme of our Bank. |
| 3.7 | Advances for construction & running of cold storages designed to store agriculture produce/ products | Base Rate+2.00% |
| 3.8 | Advances for poultry units | Base Rate+1.00% |
| @ Concession of 0.25% is allowed for negotiable warehouse receipt. | ||
Processing Fees
6 | Personal loan | 2% of Loan amount |
7 | Pensioner loan | Pensioners/ Family Pensioners of our Bank (Ex-Staff) : Nil |