We took a top-up home loan a few months ago. So, I can share details about the Bank of Baroda top up home loan with you. A top up home loan is a loan facility given by banks on top of the already availed home loan. This can be used for any purpose except speculative or illegal purposes.
The benefit of a top up loan is that it offers lower interest, processing fee, interest charges on daily reducing balance and there is no prepayment penalty, too.
What is the Eligibility for BOB Home Loan Top Up?
All the current home loan borrowers, inclusive of the NRIs/PIOd, staff and previous staff members (took home loan under the public scheme as well as the staff housing loans) whose asset clarification is standard are eligible to take the loan.
As far as the documents needed for taking the top up home loan from BOB, you can go to this
link
.
What are the Processing Charges for Bank of Baroda home loan top up?
For home loan to Central or State or PSUs employees received via Non- DSA:
NIL, subject to login fee of Rs. 1,500 which will be refunded on first disbursement.
For home loan in approved projects (Digital or Non-digital):
NIL, subject to recovery of out of pocket expenses of Rs. 3,500 plus GST (Per property).
For takeover leads received via Non DSA (Digital or Non-digital):
NIL, subject to login fee of Rs. 1,500, which will be refunded on first disbursement.
For other home loan leads sourced via a digital channel:
NIL, subject to recovery of out of pocket expenses of Rs. 5,000 plus GST to Rs. 8, 500 plus GST (T and C apply).
For other home loan lead sourced through a non-digital channel:
NIL, subject to recovery of out of pocket expenses of Rs. 10,000 plus GST (Per property).
This is all about the Bank of Baroda top up home loan. I hope you find this helpful.
Want to Do a Home Loan Balance Transfer? Get it Done Via NoBroker! Some related information:How to Avail Loan from the Bank of Baroda?
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Authors Of The Question
What is Bank of Baroda Home Loan Top Up?
priya
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9 months
2024-02-26T23:18:29+00:00 2024-02-26T23:18:30+00:00Comment
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