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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.

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.