Rates and Charges
Rate of Interest on Home Loans and Consumer Loans
|
Consumer / retail Loan Scheme |
Rate of interest with effect from 14 Dec 2023 |
|---|---|
|
Home Loan |
Standard rate for all new commitments on or after 14 Dec 2023 and subject to change: 9.25% p.a. Floating ( Bank Base Lending Rate (BBLR); Present BBLR: 9.25% p.a. ) 7.69%p.a. Fixed for one year 7.99 %p.a. Fixed for two year |
|
Loan for professionals |
Floating 14.25% p.a. (5% above Bank Base Lending Rate (BBLR); Present BBLR: 9.25% p.a.) |
|
Education Loan scheme for students going abroad |
Floating 13.25% p.a. (4% above Bank Base Lending Rate (BBLR); Present BBLR: 9.25% p.a.) |
|
Baroda Car Loan |
Floating 13.25% p.a. (4% above Bank Base Lending Rate (BBLR); Present BBLR: 9.25% p.a.) |
|
Personal Loan for Salaried Employees / Baroda Overdraft Advantage |
Floating 14.25% p.a. (5% above Bank Base Lending Rate (BBLR); Present BBLR: 9.25% p.a.) |
Note:
Terms and conditions and lending criteria apply.
Present Bank Base Lending Rate (BBLR) is 9.25% p.a (with effect from 1 May 2023)
Please contact us on 0800 024 404 or visit any of our branches to clarify any further about any of these Rates of interest or to find out more about any of our consumer loans.
Our fees and charges are subject to change from time to time. For all charges, please see our service charges.
Financial Hardship Assistance:Customers presently availing existing credit facilities under Credit Contracts and Consumer Finance Act 2003 can apply for relief on the grounds of unforeseen hardship under the Credit Contracts and Consumer Finance Act 2003 should illness, injury, loss of employment, the end of a relationship, or some other reasonable cause render you reasonably unable to meet your obligations under the current Facility Agreement with the bank. Should you wish to apply for such relief, you must make your application in writing to the Bank specifying the cause of your inability to meet your obligations under the Facility Agreement. The Bank will respond to your application in accordance with section 57A of the Credit Contracts and Consumer Finance Act 2003.
Customers financially affected by COVID-19 are encouraged to contact us.
Please contact us on 0800 024 404 or visit any of our branch to find out more about loans other than consumer loans.