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

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