Home loan solutions at its best

For existing housing loans customers

  • Key Features
  • Eligibility
  • Loan Amount
  • Repayment
  • Terms & Conditions

Baroda Home Improvement Loan : Key Features

  • For repair / renovation / improvement/ extension of existing house
  • Purchase of furniture / fixture / other gadgets such as fans, geysers, air conditioners, water filters, air purifiers, heaters, desert coolers etc.

Baroda Home Improvement Loan : Eligibility

  • All existing housing loan customers of the bank.
  • Age of borrower plus tenure of the BHIL should not exceed 70 years of age or retirement age (in case of salaried person), whichever is earlier.
  • A margin of 25% of project cost (estimated cost of repairing/ renovation/ cost of furniture/ fixture etc)

Baroda Home Improvement Loan : Loan Amount

  • Minimum Kshs.500,000/- & maximum up to Kshs.10,000,000/-(Available in USD also)
  • (With the provision that loan component for furniture/ fixtures/ other gadgets should not exceed Kshs. 3,000,000/-).
  • Base Rate+ Applicable Risk Premium.

Baroda Home Improvement Loan : Repayment

  • By Equated Monthly Installments (EMIs).Up to maximum – 72- EMIs.(For furniture and Fixture)
  • By Equated Monthly Installments (EMIs).Up to maximum – 120- EMIs.(For New improvement and renovations)
  • (Should not exceed the maturity date of the existing Home Loan account).

Baroda Home Improvement Loan : Terms & Conditions

  • The BHIL facility is also available for the Home Loan accounts transferred from other Financial institutions.
  • For security, the extension of existing legal charge of the house already created, is required.
  • This facility can be availed as many as -3- times during the entire tenure of Home Loan, subject to full settlement of previous BHIL.
  • Third party costs viz: Valuation fees, Legal costs &property Insurance costs etc. are to be borne by the borrower.
X
We use cookies (and similar tools) to enhance your experience on our website. To learn more on our cookie policy, please click here. By continuing to browse this website, you consent to our use of cookies. Manage Cookie
X

Are you Bank of Baroda Customer?

This is to inform you that by clicking on continue, you will be leaving our website and entering the website/Microsite operated by Insurance tie up partner. This link is provided on our Bank’s website for customer convenience and Bank of Baroda does not own or control of this website, and is not responsible for its contents. The Website/Microsite is fully owned & Maintained by Insurance tie up partner.


The use of any of the Insurance’s tie up partners website is subject to the terms of use and other terms and guidelines, if any, contained within tie up partners website.


Proceed to the website


Thank you for visiting www.bankofbaroda.in

Manage Cookie