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    Asset Product

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    Jerry Zaidi
    This document summarizes various loan products offered by Bank of Baroda, including gold loans, home loans, personal loans, and Baroda mortgage loans. Gold loans can be used for any purpose and offer maximum amounts up to Rs. 25 lakhs at interest rates starting from 9.75% annually. Home loans are targeted towards home purchases and have maximum tenures of 30 years at interest rates starting from 8.25%. Personal loans do not require collateral, have maximum borrower ages of 60-65, and interest rates starting from 10.25%. Baroda mortgage loans can be used for commercial property purchases and require guarantors for non-individual borrowers, charging interest rates starting from 10.20% annually.

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    © All Rights Reserved
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    Asset Product

    Uploaded by

    Jerry Zaidi
    21 views5 pages
    This document summarizes various loan products offered by Bank of Baroda, including gold loans, home loans, personal loans, and Baroda mortgage loans. Gold loans can be used for any purpose and offer maximum amounts up to Rs. 25 lakhs at interest rates starting from 9.75% annually. Home loans are targeted towards home purchases and have maximum tenures of 30 years at interest rates starting from 8.25%. Personal loans do not require collateral, have maximum borrower ages of 60-65, and interest rates starting from 10.25%. Baroda mortgage loans can be used for commercial property purchases and require guarantors for non-individual borrowers, charging interest rates starting from 10.20% annually.

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    ASSET PRODUCT

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    This document summarizes various loan products offered by Bank of Baroda, including gold loans, home loans, personal loans, and Baroda mortgage loans. Gold loans can be used for any purpose and offer maximum amounts up to Rs. 25 lakhs at interest rates starting from 9.75% annually. Home loans are targeted towards home purchases and have maximum tenures of 30 years at interest rates starting from 8.25%. Personal loans do not require collateral, have maximum borrower ages of 60-65, and interest rates starting from 10.25%. Baroda mortgage loans can be used for commercial property purchases and require guarantors for non-individual borrowers, charging interest rates starting from 10.20% annually.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    21 views5 pages

    Asset Product

    Uploaded by

    Jerry Zaidi
    This document summarizes various loan products offered by Bank of Baroda, including gold loans, home loans, personal loans, and Baroda mortgage loans. Gold loans can be used for any purpose and offer maximum amounts up to Rs. 25 lakhs at interest rates starting from 9.75% annually. Home loans are targeted towards home purchases and have maximum tenures of 30 years at interest rates starting from 8.25%. Personal loans do not require collateral, have maximum borrower ages of 60-65, and interest rates starting from 10.25%. Baroda mortgage loans can be used for commercial property purchases and require guarantors for non-individual borrowers, charging interest rates starting from 10.20% annually.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 5

    ASSET PRODUCT OF

    BANK OF BARODA
    GOLD LOAN

     Gold loans are taken against the gold owned by the borrowers. Here, gold acts as a security for the
    lender whereby the borrower can pledge the gold with the lender and avail of money from them.
     All the individuals who are true owners of gold jewellery or ornaments or specially minted gold coins
    that are sold by the banks.
     Facilities: Overdraft, demand loans or EMI.
     The loan can be availed for any purpose other than speculation.
     The maximum amount of loan: Rs. 25 lakhs.
     Type of Facility: Demand loan or cash credit.
     Tenure: 12 months. In the case of the EMI scheme, the loan tenure can be maximum of 36 months.
     Starting from 9.75% per annum.
    HOME LOAN

     These are the most common types of secured loans availed of by borrowers. As
    the name suggests, home loans are taken for the purchase or construction of a
    home by the borrower.
     Must be either a resident of India or a non-resident holding an Indian passport or
    a Person of Indian Origin (PIO) having a foreign passport or Overseas Citizen of
    India (OCI).
     Starting from 8.25% per annum.
     Maximum Loan Tenure: 30 years.
    PERSONAL LOAN

     These are one of the most sought-after bank loans in India. Personal loans are
    loans extended by banks or financial institutions without any collateral security. It
    is essentially a loan against the income of the borrower.
     Employees with a continuous service of 1 year, insurance agents doing business
    for a minimum period of 2 years, self-employed professionals with a minimum 1-
    year stable business, self-employed business persons.
     No co-applicant is allowed.
     The maximum age should be 60 years in case of salaried people and 65 years in
    case of non-salaried people.
     Starting from 10.25% per annum.
    BARODA MORTGAGE LOAN

     Can be availed of by both resident and non-resident individuals.


     The minimum gross annual income should be Rs. 3 lakhs in case of resident individuals
    and Rs. 5 lakhs in case of non-resident individuals.
     Purpose: A loan can be taken for the purchase of commercial properties except for
    speculation purposes.
     In case of non-individual entities opting for Baroda mortgage loans, a co-applicant or a
    guarantor should be there who should be the following person:
    • For partnership firms: All the partners of the partnership firms.
    • For companies: Promoter directors and shareholders having shareholding of 20% or above.
     Starting from 10.20% per annum.

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