Bank of Baroda Yoddha Home Loan For Defence

Bank of Baroda home loan for defence is an appealing credit option. As the bank understands that your job and life differ from most, you deserve a more personalised home loan than a traditional one. Eligible applicants can expect exclusive subsidies, discounted rates, and favourable terms, making homeownership more accessible for those in uniform. However, when considering such a significant decision, it is prudent to examine various aspects of the BOB home loan for defence, including its applicable interest rates, required documents, associated fees, and estimated EMI. To help you make a well-informed decision, Urban Money presents a detailed overview of the Bank of Baroda home loan for defence. Let’s scroll down.

Bank of Baroda Yoddha Home Loan – Highlights

Following are the key parameters of a BOB home loan for defence:

Bank of Baroda Yoddha Home Loan – Features and Benefits

Here are the applicable features and benefits regarding a Bank of Baroda home loan for defence:

• Competitive interest rates
• Low processing fees
• No Pre pre-payment penalty
• Higher loan amount 
• Fast fund disbursement 

Bank of Baroda Yoddha Home Loan – Interest Rates

Here are the applicable interest rates for a BOB home loan for defence:

Bank of Baroda Yoddha Home Loan – Fees and Charges

Here are the applicable fees and charges for a Bank of Baroda home loan for defence:

Bank of Baroda Yoddha Home Loan – Eligibility Criteria

Here are the eligibility criteria for a BOB home loan for defence:

• Employment Status: The applicants must be the Indian Armed Forces or the Central Forces.
• Age Limit: The applicants must be between 21 and 70 years old. 
• Credit Score: The applicants must have a good credit score, preferably 700 and above.
• Nationality: The applicants must be Indian citizens. 

Bank of Baroda Yoddha Home Loan – Documents Required

Here are the required documents for a Bank of Baroda home loan for defence:

• Identity Proof: PAN card, passport, driving license, voter ID, and Aadhar Card.
• Address Proof: Driving license, voter ID, registered rent agreement, and utility bills.
• Income Proof: Salary slips for the last 3 months, bank statements for the last 6 months, Form 16, and filed IT Returns for the last 12 months.
• Property Proof: NOC provided by the society or the builder, an approved map and sanction letter, and a chain of ownership document for the property.
• Additional Documents: Duly filled application form, three passport-sized photographs, and a Certificate of Employment authorised and signed by the appropriate authority.

Bank of Baroda Yoddha Home Loan – EMI Calculator

You can estimate the EMI for a BOB home loan for defence by following these simple steps given below:

• Visit the official website of Urban Money.
• Click on the “Loan” tab at the home screen’s horizontal menu bar.
• Select the “Home Loan” option, then tap “Home Loan Calculator.”
• You will be redirected to a new page displaying the EMI Calculator.
• Enter the principal loan amount you wish to borrow.
• You can choose the loan tenure, which can be up to 30 years or until you reach 70 years of age.
• Input the interest rates, which can vary from 9.15% p.a. to 10.5% p.a., depending on your CIBIL score and financial profile.
• The calculator will then compute and display the monthly EMI you must pay.