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Explore Bank of Baroda’s home loans

  • Benefits
  • Eligibility
  • Documentation
  • Interest Rates & Charges
  • 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.

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