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Explore Bank of Baroda’s home loans
Home Loan
For purchase of a plot on an undertaking by borrower that with the help of bank finance or otherwise, building will be constructed within two years from the date of purchase of plot.
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Benefits
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Eligibility
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Documentation
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Interest Rates & Charges
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Terms & Conditions
- For construction of New Dwelling Unit.
- For acquisition of New Dwelling Unit.
- For financing purchase of old dwelling unit not more than 15 years provided the flat/house is structurally strong.
- For purchase of a plot on an undertaking by borrower that with the help of bank finance or otherwise, building will be constructed within two years from the date of purchase of plot.
- For repair/renovations/extension of the existing house.
- For repayment of the loan already availed from any other institutions.
- Individual / Group.
- Applicants should normally be citizens and residents of Tanzania, although applications from temporary residents will also be considered at the discretion of the Bank.
- Minimum -21- years and maximum -60- years for salary earner and -65- for other than salary earner including repayment period of loan
- Visit our nearest Branch for Documentation.
A penal interest of 2% over the stipulated rate of interest will be levied for any overdue/excess in account or non-payment of interest / installment on due dates. However, any temporary overdrawn (TOD) will attract interest @20% p.a. for the period of TOD or as decided by the bank from time to time.
Sanction/ Review authority for the corporate finance will be in accordance with the discretionary lending powers of the bank.
