I took a home loan from BOB after going through several of the Bank of Baroda home loan advantages. Some of these advantages include the sanctioning of home loans linked with your savings bank account, auto recovery EMI, and many more such features. So, let me share them with you one after the other.
What are the BOB Home Loan Advantages?
Any credit, which will be available in the linked savings account at the end of the day will be counted for credit in your linked home loan account.
Moreover, you as the loan borrower will get the advantage of interest amount reduction in the home loan account to the extent of the daily outstanding credit balance in the savings account.
You can remit the loan EMIs in the linked savings bank account.
As the borrower, you’ll have the option to deposit all your savings in the linked savings bank account to get the maximum benefit of interest in the home loan account.
You’ll get a free credit card.
Lower interest rates.
Higher loan amount.
Easy top-up loans
Longer loan tenures
Lower processing fees.
These are the Bank of Baroda advantage home loans. Apart from these, I can say that you can go for their home loan as they are a trusted bank with a loan tenure of up to 30 years. This is amongst the highest offered by any bank or financial institution in India.
A longer loan tenure would help you repay the loan with lower EMIs. This will ultimately help if you’re someone who is facing issues with paying the EMIs while handling the other expenses.
This is all I have to share. I hope this helps.
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Some related information: Bank of Baroda Home Loan Review?Your Feedback Matters! How was this Answer?
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What are Bank of Baroda Home Loan Advantage?
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2024-02-08T23:03:44+00:00 2024-02-08T23:03:44+00:00Comment
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