Bank of Baroda Yoddha Home Loan For Defence Personnel

Bank of Baroda Yoddha Home Loan For Defence Personnel – Highlights

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

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 personnel:

• 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 personnel:

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/army personnel:

Bank of Baroda Yoddha Home Loan – Eligibility Criteria

Here are the eligibility criteria for a BOB home loan for army personnel:

• 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/army personnel:

• 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 personnel 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.