gist of rl edition_oct'2012

7/29/2019 Gist of RL Edition_Oct'2012

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Retail Loan products of our Bank at a glanceUpdated up 31.10.2012

1. BARODA HOME LOAN

Updated by S.M. Mathur, Chief Manager 1


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Updated by S.M. Mathur, Chief Manager

Product/Purpose

Eligibility Margin Rate of Interest

Repayment RemarksUSPs(In red ink)

Housing LoantoResidents:

i) Purchase ofnew house/flatii) purchaseof Old houseiii) Purchase ofPlot &construction

thereon.iv) Take over ofHL taken fromany otherBank/FIV) Other**

(i)

Salaried:

MonthlyIncome

EligibleAmt.

Upto

20000/-

36timesofMI

ForSalaried

Class:

If

MonthlyIncome

>

`

20000/-

Plot/Ownsources

-20%

AllOthercase

s

-20%

%

No fixed rateoption.

FloatingratesAs perAnnexure-I**

Max.2

5yrs

Includingmoratoriumo

f18months

Repayingcapacity:

onthlyIncome)Totaldeductionsnottoexceed

On line application. Sanction in -6- days.Age: Principle Borrower 21 yr. Joint Borrower-18yr. Max.60/65yrs **Purchaseof house/flat or Construction made from own sources (Not prior to 24 months)from own sources is also covered under the scheme. Processing: up to `30 lac

0.50% Min. ` 5000 Above `30lacs-0.40% Min.`15000/- +ST Max. ` 50000. Iffor Plot, Construction may be made within 3 yrs from date of Purchase.Moratorium 18 months.If Old house Should not be older than 25 yrs.Free Personal accident Insurance. Personal accident cover may be extended toco-borrower by paying additional premium of 25% for each co-borrower. Lifeinsurance cover for Natural death is also availableto borrower/Jt. Borrower on

payment of appropriate Premium under tie-up arrangement with Kotak Mahindra(wef 1.1.10) & India First Life Insurance Co (wef 1.9.10). Premium amt forobtaining cover can be financed as part of home loan at request of borrower &accordingly EMI is fixed.Take over charges @0.10% of loan amount No Max.Pre-closure charges: Nil wef 15.12.11 (BCC:BR:103/350 dated 14.12.2011Housing loan borrowers are eligible for 0.5% concession in rate of interest onloan for consumer durables.Staff may also avail HL under Public Scheme with 0.25% concession in rate ofinterest. Staff & relatives to staff in scale IV & above may be sanctioned HL underPublic scheme, by zonal heads with full power (Previously 25 lac) BCC:BR:103:173 dated 23.06.2011Project Cost includes 1.Cost of plot/flat/Readymade House,2. Registration Charges & 3. Cost of Stamps for loans up to Rs. 20 lac(BCC:BR104:55 dated 7.02.2012)

2

@.%

ofproject

cost*


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Master circular on Home loan : BCC:BR:102:26 dated 28.01.2010, Limit increase BCC:BR:103/210 dated 21.07.11

1% interest subvention is available on HL up to 15 Lac (Where cost of house does not exceed Rs. 25 lac) on HL sanctioned on or after01.04.2011 (BCC: BR:103:103 dated 30.04.2011)

**Concession of 0.25% to 1.50% in rate of interest and 100% waiver of processing charges during Campaign period 01.10.12 to3011.12.see annuexure I-c Free Property Insurance has been withdrawn w.e.f 10.09.2012 (BCC:BR:104:317 dated 10.09.2012)

Product/Purpose

Eligibility Margin Rate of Interest Repayment RemarksUSPs (In red ink)

Housing loanto NRIs/PIOs

Salaried-48 timesof MI (Average of 2yrs), Prof./ Buss.-4times of AAI (avg of2 yrs.)

(i) for Purchase of

new/old house &construction Min.`5 lacs & Max. `300lacs at U/M centres

(ii) For purchase ofPlot Max.`50 lacs,

(iii) For Repair/Renovation Min.`1 lac & Max. `25 L

(i)forPurchase ofnew/oldhouse &construction

20%(ii) for

purchase ofPlot 20%

(iii) forRepair/Renovation 20%

As perAnnexure-I

Max. 15 yrs. Subject torepay. capacity.

Total deductions not toexceed 60%.

Moratorium (i) for construction 1

month after completion or

12 months (ii) forPurchase of new/old house-1 month after takingpossession or 3 monthsafter date of 1st

disbursement whichever isearlier

Eligibility: NRI holding Indian Passport orPOI holding foreignpassport. Principal borrower shouldbe having regular job abroad in a reputed Indian/fgn. Co. & hasvalid job contract/work permit for minimum. Period of 2yrs. If selfemployed/ businessman having a stable business and stayingabroad at least for 2 yrs.. Age minimum 21 yrs, Co-borrower min. 18yrs. Age of the borrower + repayment period not to exceed

retirement age or 65 yrs whichever is earlier. Must have minimum AIof` 5 lac p.a- Free personal accident insurance & Property Insurance,repayment in INR from local sources/ relatives in India. NILcharges for pre-closure/ pre-payment. (BCC:BR:103.330 dated23.11.2011)

AdditionalAssuredAdvance(AAA)Resident/

NRIs / PIOs

90% Of Principleamt. repaid. Min.`25000/- May besanctioned for max 5occasions subject

to gap of 1 mbetween close of lasta/c and nextsanction.

10% onprincipalamountrepaid.

Base Rate+1.50%

By EMI as per requestof borrower subject torepaying capacity,however max. periodshould not exceed

residual period of homeloan

Age+tenor of loan not to exceed 65yrs. Processing Up to ` 30 lac- 0.50% Min ` 5000, > ` 30 lac 0.40% Min. ` 15000, Max. `50000/-+ST Security: Extension of mortgage & third party guarantee ifstipulated in Home Loan.For NRI/PIOs gap of one month between two occassions is not

required.



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2.

BARODAAUTOLOANS


For HomeImprovement

2time

sofGAIor

3timesofNAI(averageoflast3y

rs)subjectto

10lacs,ofwhichforfunniture/fixture

M

ax.

5lacs.

25%(includingstamp dutypayable for

creation ofEM)

Base Rate +2.50%

10 yrs EMISubject toRepaying capacity.

Moratorium 6 month

Age Min.21yrs. Max. 60/65 yrsProcessing-0.50%+ST upfront fee 0.25% of loan (One time),Extention of Equitable mortgage.No charges for pre inspection as it are part of processing.

Product/Purpose

Eligibility Margin Rate of Interest

Repayment RemarksUSPs(In red ink)

TwoWheelerLoan

5 times of GMI,OR Max. `1 lac.Which ever islower subject torepayingcapacity.

10% oninvoicevalue

Base Rate +4%

60EMI12 PDC betaken.

Age-Min.- 21 yrs, Max.- Retirement age(Salarid) & 65 yrs in case of others.Road Price means= Invoice price+Registration +Insurance. ProcessingCharges TW - 2% of loan amt. Min. `250/- +ST. Car Loans -Up to `15 lac-0.75% Max. ` 10000/-+ST > `15 lac -0.50% Min. `10000/-+ST, No Max.Insurance: Comprehensive with Bank Clause. Age ofSecond hand carnotmore than 3yrs, Installation of CNG/LPG in New/2nd hand car not more than 5yrs. Maximum deductions not to exceed 60%.

Concession of0.25% in interest rate on car loans is available to allour existing home loan borroweres having a good track record of

repayment, without any overdue in a/c 0.50% concession in rate of interest on car loan if liquid security like

pledge of FDR, NSC, KVP, LIC is provided for 50% or above amount ofsanctioned limit. (BCC:BR:103:27 dated 25.01.2011)

Life Insurance cover is available with Kotak LI & IFLI at the cost ofborrower which may be refunded by Bank and is recoverable with EMIsof loan (BCC:BR:104:62 dated 14.02.2012)

Car LoanNew/Old

24 times of GMI(salaried) or 3times of GAI(Av)(other) Max.NewCar`15lac2nd hand-`10lacGaskit-`25000/-

15% ofRoadprice forNew Car40% forOld Car.15% forGasKit

Loans of tenor

upto 5 yrsBase Rate +2.50% * **Loans of tenorover 5 yrsBase Rate +3.00% * (irresp-

ective of amt.)

New Car-84EMIOld Car-36EMIGas Kit-24EMI

Baroda Carloan toHNI/corporates

24 times of GMIor 3 times of GAI(Av) Max. `100lac

20% ofcost ofvehicle +Registration+Insurance

Up to 5 yrsBR+2.50%>5 yearsBase Rate +3..00% *

84 EMI12 PDC to betaken

HNI means minimum monthly salary 1.25 lac and carry home salary should be atleast40%. Corporate with min. tangible NW 10 times of loan amount requested.

Personal Guarantee of Promoters/3rd party having sufficient NW

Now no minimum amount of car loan to corporate. (Previously Min. over`15

lacs)

4


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** Concession of 1.50% to 1.75% in rate of interest and 100% waiver of processing charges during Campaign period 01.10.12 to 30.11.12See annexure I c

3. BARODA EDUCATION LOAN:



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** Concessional interest rates for students seeking admission in Indian School of Business, Hyderabad & Symbiosis, Pune (BCC:104/86 dt. 5.3.12)

4. BARODA MORTGAGE LOANS:


Product/Purpose

Eligible amount Margin Rate of Interest

Repayment RemarksUSPs (In red ink)

Baroda Vidya Max. ` 4 Lac.(For all stages)

Nil Up to ` 4 lacBase Rate+

2.50% (Simple)

Above `4 lacUp to 7.50 lacBase Rate+4%

Above 7.50 lacBase rate+3.50%

1% conces.for GirlStudent

12 EMIDue 12 m after 1st

dis-bursement

3 stages(i)Nursery-5th class, (ii) 6th-8th class & (iii) 9th-12th classs. Loan in the name ofFather/MotherNo Processing & Documentation charges No Security

Baroda Gyan(Study in India

Max. `10 lac Up to `4 lac-Nil,

Above `4 lac-5%(for study inIndia),15%(for studies

Abroad)

Max. ** inst tocommen ce one yrafter compl ofCourse or 6months aftergetting job, whichever is earlier.

Security : upto `4 lac.- Nil Above `4 lacs-`7.5 lac-Third party Guarantee. Above `7.5lac-100%Collataral security. For studies in India No Processing & Documentation chargeshowever for studies abroad@1% to be recovered upfront which shall be refunded ifapplicant avails loan. 1% rebate if interest is serviced regularly. Kotak life Insurance(wef 1.12.08) cover up to `20 lac. EL >10 lac - Processing 1% (to be refunded afteravailment of loan. Application can be made On line application.Master cir. On Edu. Loan -BCC:BR:100:101 dated 12.04.2008Teacher training course/Nursing course/B.Ed will be eligible, provided training institutesare approved by State or Central government and lead to Degree or Diploma and not acertificate course. BCC:BR:102:108 dated 12.04.10** 120 instalments for loans up to 7.50 lac, 180 instalments for loans >7.50 lacs.BCC:BR:103/343 dated 30.11.2011.

Baroda Scolar(Study abroad

Max. 20 lac

loan for careerDevelopment

Max. `10 lac(For studies inIndia) `20 Lacs(For studies abroad)

15%(Any Scholarship etc will notbe included)

Base Rate+4.75%

60 EMICourse period+6month+3month

loan for career DevelopmentFor Graduation/Post Graduation/Diploma Processing/Documentation-0.5% of loanamount., Security : 100% collateral or 3rd Party Guarantee.

Baroda EL forVocationalEducation &trainingLA 182

For course durationup to3 m.- 20000/->3-6 m.-50000/->6m-1yr-75000/-> 1yr-150000/-

Nil Base Rate +2% (1%interestconcession forGirl student)

Courses up to 1yr-60m> 1yr.-84m

Came in to effect from 1st July2012Eligibility: Have secured admission in a course approved/supported by aMinistry/Deptt./Organisation of the Govt. or a company/Society/Organisation supported byNational Skill Development Corporation or state Skill Mission/State Skill corporationsleading to a Certificate/Diploma/Degree etc by Govt. Organisation or an organizationrecognized/ authorised by Govt. to do so.Other T/Cs same. For more details Pl. refer - BCC:BR:104:233 dated 30.06.12

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5. BARODA PERSONAL LOAN


Product/Purpose


Repayment RemarksUSPs (In red ink)

AdvanceagainstProperty toResidents/NRI/PIOs

Overdraft/Term loan

30times GMI or 3 timesof Avg.AI (last 3 yrs)Min. `1 lac, Max. `100 lacs ,`5 lac in Rural branches.Income of all joint owners ofproperty be clubbed and madeco-borrower

w.e.f. 01.06.0950% of marketvalue orDistress valuewhichever islower of prop-erty to bemortgaged.No power toallow deviationup to zonalheads.(BCC:BR:101:150 dated26.05.09

BaseRate+5.25%

2%p.a.(Penal)on overdueamount

T/L Max 84monthsOD 12 monthSubject toannual review.

OD facilityshould beassessed as perguidelines of T/L(BCC:BR:104:364 dated17.10.12)

Eligibility: Salaried /Professional/ Self employed & others who are incometax assesse for last 3 yrsMinimum Gross annual Income ` 60000/- NRI holding Indian Passporthaving a regular job or valid job contract for min. past 2 yrs. Min. GAI `5lacs. Staying abroad for at least 2 yrsAge 21 yr. Max. Age 60 yrs(customers age+tenure of loan/ overdraft notto exceed 65 yrs.NRIs are not eligible for OD limit (BCC:BR:104:364 dated 17.10.12)Total deductions not to exceed 60% of GI.UnifiedProcessing Charges : Loan1% Min. ` 1000 Max.` 50000.OD limit (Fresh/Renewal) up to 1 crore -0.35% Min. `1000-+ST Max.25000/- In case of OD limit > 1 UPC on prorate basis. (BCC:364 dt.17.10)

Age of building not to exceed 25 yrs. Security: EM of residential/ commercialproperty/plot, Third party guarantee if over`10 lac.

Activity clearance from higher authority before considering any new or reviewwith increase proposal, under Baroda Mortgage Products wef 17.08.09.(BCC:BR:101:242 dated 10.08.09)

Loan toProfessionals

20% of Avg, annual businessturnover/Professional receiptsMax.` 25 lac

15%cash margin forBG

BaseRate+5.25%

OD-1 yr sub. Toreview.Loan 5yrs

Tangible security in the form of FDR/LIC/NSC/KVP Or Mortgage.Processing-0.35%, Max. `10000/-+ST

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6. BARODA TRADERS LOAN:


Product/Purpose


Repayment

RemarksUSPs (In red ink)

Eligible amount Margin Rate of Interest Repayment RemarksUSPs (In red Ink)

20% of Projectedaccepted annual Turnover (Reasonablelooking to past trend) or

Advance value ofsecurity which ever islower-Min.`25000/-Max.` 200 lacs

10% OurBanks FDR15% NSC/LIC.40% onrealizablemarket valueof immovableproperty

Base Rate +3% OD-1 yr subjectto review.Loan 5yrs

Established in line of business for min.2 yrs(HUF & Public limited co.s are not eligible)For W/c & Development of shop upto 25% of W/C. Above 25 lac

Audited Balance sheet & Credit rating is must. Evidences of Incomeand Cash flow should be obtained and properly examined..Marketreport about borrower be obtained and properly examined.

An undertaking to exclusively deal with our Bank should be obtainedand insisted upon.Processing 0.35% of limit. Min. `1000/- No Max.Below ` 25 lacs are to be rated under BOBRAM model for Retailloans under secured loan module and ` 25 lac & above are to berated under CRISIL-Traders module at the time of fresh sanction aswell as review.

Against Security of Gold Ornaments /Jwellery20% of theprojected annualturnover or 75%

of the marketvalue of the goldornamentsassessed byBanks approvedvaluer. Min..`50,000/-Max.` 2 lacs

25% onthepresent

marketvalue ofthe GoldOrnamentsassessedby theBanksapprovedassayer.

Base Rate plus3%

Loan : max.60 monthsOverdrafts :

12 monthssubject toannualreview

Unified Processing Charges: 0.50% of loan limitminimum Rs.250/- plus service tax. AssayersCharges @250/- per

lac - to be borne by the borrower.*** Loan amountRs. 1930 per gram for 22 carat purity (keeping25%margin) with a provision of reduction invaluation by Rs.88 per gram for every carat reduction.BCC:BR:104/251 dated 11.07.2012

8


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7. BARODA LOAN TO DOCTORS:

8. BARODA ASHRAY:


EligibleAmount

Margin Rate of Interest Repayment RemarksUSPs(In red ink)

Min. `50000/-Mx. R/SU `15lac of which

w/c `1lac,U/Metro `50 lacsof which w/c `3lac.

Up to `5lac 25%Above 5lac 15%of cost ofProject

W/C- Nil

Up to `2 lac-.BR+3.00%Above 2 lacs-BR+2.50%

> `25 lac-Credit rating

D/L T/L 60 EMIOD 12 months subject to annual

review

Processing Charges 0.35% Max. `15000/-Security: upto`5 lacs Nil, Third Party guarantee with worth equal toloan amt. Security Margin on Immovable property 40%,NSC/KVP/GB/LIC 15% , our Banks FDR 10%

Above `5 lac.- Tangible Collateral security.For DL/TL repaying capacity- Min.DSCR 1.25, For loan amount `5 lac &above-established for min. 3 years

Eligible amount Margin Rate of Interest Repayment RemarksUSPs

Max. `1 croreAmount disbursed asannuity-monthly, qtlyhfly or annually. If

Lumsum-not to exceed10% of total loan amt.

20% onPresentMarketValue

No Fixed rateoption.

Floating rate

Base rate+1.75%

Tenure 15 yrs. May be extendedtill survival of borrower/s. Lifeexpectancy taken as 80yrs

For Senior Citizens Age-60yrs Joint borrower( Spouse) notbelow 55 yrs. Ex-staff also eligibleRight to Rescission 7 business days.Fore-closure on violation. Processing 0. 20% Max.10000/-

(One time). Security Simple/EM of property. Age of buildingnot to exceed 40 yrs. Valuation of property every 5 yrs.

9


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Minimum Interest clause on all fresh retail loans as well as existing, withdrawn with immediate effect. (BCC:BR:103:13

dated 10.01.2011)

9. Loan against security of NSC/KVP/LIC/Relief/Govt. Bonds etc

10. BARODA ADVANCE AGAINST GOLD JEWELLARY/ ORNAMENT (At Metro/Urban Branches headed by min.Scale-III)


Eligible Amount Margin Rate of Interest ** Repayment RemarksUSPs

Min. D/L `3000/-OD `20000/-Max : Public-Noupper limit.Staff- 5 times ofGross Income& against NSConly

if residual maturityperiod is 3yrs-20%For LIC -15% ofsurrender value.Staff : 10% of facevalue

Loan:Base Rate + 3.50%or 0.5%over NSC/KVP intt rate.OD: Base Rate + 4%or 0.75% overNSC/ KVP intt. Which ever ishigher.Against LIC Loan Base Rate + 3.50 %OD- Base Rate + 4% In case ofstaffROI is 0.5% above NSC rate.

Weighted average method isapplied if securities on differentinterest rates.(BCC:BR:100:223 dt. 11.08.08)

OD: 12 Months subject toreview.Loan: Option I- 35 EMI or within maturityperiod whichever less.II : till maturity of secu. Subjectto provision that margin will be20% in that case.Against LIC Repay 60m

Age : 21 yrsProcessing:`100/- flat plus out of pocket expenses andactual conyence charges. Processing charges NIL forstaff.Security: Noting of lien/assignment.Insurance policies of Pvt.. accepted**Concession in rate of interest on loans/overdraftsagainst NSC/KVP/RB/LIC is available as under:

Loans Overdraft

< `1 Crore 2% over BR 2.5% over BR> ` 1 Crore 1.75% over

BR2% over BR

cir. BCC:BR:102:188 dated 09.07.10Interest on LABOD to third party-(i) < `1 core 2% over deposit rate or BR+3.5%(ii) > `1 crore 2.25% over deposit rate or BR+ 3.50%which ever is higher.

10


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11. BARODA LOAN AGAINST FUTURE RENT RECEIVABLES (BCC:BR:102:143 dated 24.05.2010)


EligibleAmount

Margin Rate of Interest Repayment RemarksUSPs

Min. `0.25 lac

Max. `10.00lac

25% on value of

GoldOrnaments/Jewellery,carried out bybanksapproved valuer.

Base Rate

plus 4.00

*As per Cir.BCC:BR:104/83Dated 3.3.12

TL Max. 36

months*** LoanamountRs.1930* pergram for 22 caratpurity (keeping25%margin) witha provision ofreduction invaluation by Rs.88* per gram for

every caratreduction.

Security: Pledge of minimum 22 carat /Hallmark

Gold Jewellery. shall be valued by banks approvedgold valuer/assayer in the Branch Premises inpresence of Branch Manager /Officer and theborrower concerned and a certificate of valuationalong with complete details of quality and quantityof securities of Gold Ornaments/Jewellery shall be kept on record. Insurance:Adequate- at the cost of borrower. UnifiedProcessing Charges: 0.50% plus service tax.Assayers Charges @ `250/- per lac - Min . `250/- ,Max `1500/- per assaying - to be borne by

the borrower. ***

Product/Purpose


Repayment Remarks/USPs

UnderNoncommercialreal estate

60% of rent (Net of TDS,advance rent. SD) due &receivable subject to min.`25 lac & max. `200crore(Single) `500 crore (groupborrower)

40% Base Rate +6.00%

EMI, formax. 10yrs or unexpiredcertain period oflease whicheveris less. Commencement 1 monthafter disbursment

Security: Up to `5 lacs- assignement of future rent & 3rd partyguarantee. > `5 lac- mortgage of leased property+any otheracceptable security value of which should be atleast 1.15 timesof loan amount, Tripartite agreement. Processing: up to `10crore -0.10% of loan amount max `1 lac. >`10 crore 0.10%,max. `20 lac. Upfront fee: 0.5%, max. `50 lac

Undercommercialreal estate

55% of rent (Net of TDS,advance rent, SD) due &receivable subject ot min.`25 lac & max. `200crore(single) & `250 crore

(group borrower)

45% Base Rate +6.00%

EMI, for max. 10yrs or unexpiredcertain period oflease & uncertain period oflease, whicheveris less. Commencement 1 monthafter disbursment

Security: Up to `5 lacs- assignement of future rent & 3rd partyguarantee. > `5 lac- mortgage of leased property+any otheracceptable security value of which should be atleast 1.25 timesof loan amount, Tripartite agreement. Processing: up to `10crore -0.50% of loan amount max `5 lac. > `10 crore 0.5%,

max. `50 lac. Upfront fee: 0.5%, max. `50 lac

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Historical Data of Base Rates / BPLRs of Bank of Baroda

Effective Date Base Rate Effective Date BPLR

01-07-2010 8.00 01-07-2010 12.00

05-10-2010 8.50 06-08-2010 12.50

13-12-2010 9.00 13-12-2010 13.25

04-02-2011 9.50 04-02-2011 13.75

06-05-2011 10.00 06-05-2011 14.25

12-07-2011 10.25 12-07-2011 14.50

01-08-2011 10.75 01-08-2011 15.00

01-05-2012 10.50 01-05-2012 14.75

Annexure: I -a

CHECK LIST FOR HOUSING LOANDocuments Required

Application form duly filled+1. Pan Card Copy and ID2. 2 Passport size Photos (For applicants &Guarantors)3. Residential Proof (Voter ID/P.P./D.L./Ration Card)4. 3 months latest salary slips with sign and seal from

employer.5. Statement of 6 months operative bank accounts and salaryaccount statement.6. LIC / Insurance Xerox.7. Passport Xerox.

19. (a) `4000/- cheque favoring Bank of Baroda for legal andvaluation etc. charges (upfront).(b) Processing fee 0.35% (upto `20.00 lacs) and

0.40% (For above `20.00 lacs) plus service tax with amaximum of`15000/- (upfront) (50% Refund, if sanction is

not availed).20. No. pre-payment and bulk payment charges forprepayment from own sources.21. Free property and personal accident insurance.FOR TAKEOVER OF HOUSING LOANS:-



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8. Other bank loan details / statement.9. Three years IT returns and Form -16 issued by employer.10. If applicant is a businessman 3 years of IT returns withfinancials statements duly audited.

11. Property papers and complete chain of previous titledeeds.12. Latest Tax Paid Receipt13. Non Encumbrance Certificate for 30 years. If allotted byDevelopment Authority, update Non Encumbrance Certificatefrom the date of allotment.14. Sale Agreement / Construction Agreement.15. Approved plan copy.16.If construction is to be undertaking detailed estimate fromthe engineer.17. Sale deed Registration should be as per sale Agreementvalue18. Mortgage Charges as applicable in the particular State.

Additional Documents for Take Over from Present Bank:a) Fore -closure Letter.b) Copy of sanction Letter for Housing Loanc) Statement of Housing Loan from the Beginning

d) List of Documents / Details of Title deeds held by thepresent bank.Note: Original Address Proof / IT Returns / Form No.16 etc.to be shown at the time of submission of application form.

Special Attention: 1.Life Insurance Cover for Home LoanBorrower is also available at the option and cost of borrower(one time premium). If Borrower wish to avail the facility,Take option in the application form. Premium amount mayalso be financed by the Bank which is recoverable in EMIs.

2. Financing for purchase of flats in multistoried housingprojects may also be considered. For details pl referBCC:BR:104:115 dated 02.04.2012

-: Housing Loan :-Interest rates applicable from 10.09.2012 (subject to change from time to time)

(Interest. Rates are linked with Base Rate Present Rate effective from 01.05.2012 10.50%)

Tenure Loan Amt. upto `30/- lacs Loan Amt. >`30/- lacsup to < ` 75 lac

` 75 lac & above(effective from 1.12.2010)

Upto 5 years Base Rate + 0.25 i.e 10.75% Base Rate + 1.00 i.e. 11.50% Base Rate + 1.25 i .e. 11.75%

>5 years to upto 15 years Base Rate + 0.50 i.e 11.00% Base Rate + 1.25 i.e. 11.75% Base Rate + 1.50 i.e. 12.00%

>15 years to upto 25years

Base Rate + 0.75 i.e11.25% Base Rate + 1.50 i.e. 12.00% Base Rate + 1.75 i.e. 12.25%

EMI Chart at different Interest Rate and different period


Loan amount ` 75 lac & aboveInterest Rate EMI Per Lac

11.75% ` 221212.00% ` 143512.00% ` 1201

12.25% ` 111912.25% ` 1072

Tenure Loan Amt. upto `30/- lacs Loan Amt. > `30/- lacs upto < ` 75 lacInterest Rate EMI Per Lac- ** Interest Rate EMI Per Lac

05 Years 10.75% ` 2162 11.50 % ` 220010 Years 11.00% ` 1378 11.75% ` 142115 Years 11.00% ` 1137 11.75% ` 118520 Years 11.25% ` 1050 12.00% ` 110225 Years 11.25% ` 999 12.00% ` 1054 13


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Housing Loanssanctioned on or after 01.04.2011 upto the limit of Rs. 25.00 lacs shall now be classified under Priority Sector Advances.howeverLoan for repairs to damaged houses, Upto Rs. 1 lac in rural and semi urban and upto Rs. 2 lacs in urban and metropolitan areaswill be deemed under Priority sector.Amortization chart of loan a/c to be provided to borrower along with sanctioned letter in all loan accounts where repayment is made through EMI- BCC:BR:103:182 dated 28.06.2011Normally Branches should not allow POA (Power of attorney holder) to execute loan document, however inexceptional circumstances with the permission of higher authorities. BCC:BR:103:171 dated 17.06.2011

Annexure I -b

CHECK-LIST FOR CARLOAN

DOCUMENTS REQUIRED:

1. Application Form duly filled and signed by prospective borrower.2. Two Passport Size Photographs3. Quotation for Car from an authorized car dealer


Processing Charges

Loans up to ` 20 Lac 0.35% of Loan Amt Max. `15000 plus Service Tax

Loans above ` 20 Lac 0.40% of Loan Amt Max. ` 15000 plus Service Tax

Prepayment Charges -NIL- if repaid from own sources. Incase of takeover by other Banks /FIs 0.10% subject to a Maximum of` 5000/-

Repayment Period Repayable in maximum 25 years (300 EMIs)

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4. Photocopy of Pan Card5. Personal Identification Proof

- Photo Identity Card issued by present employer- Electoral I-Card

- Passport- Driving License- PAN Card

6. Residential address Proof-Electricity Bill-Telephone Bill (Land Line)-Electoral I-Card-Passport

7. Latest salary slips for the last 3 months with break up and duly attested by the employer andcountersigned by the applicant.

8. For Salaried Class: Income Tax Returns alongwith Form No. 16 for last two years.

9. For Others: Income Tax Returns for last two years alongwith Assessment Orders10. Bank A/c Statement for last 6 months and Details of Existing Loan A/cs, if any.

Car Loan (Contd.)



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Check list (Part-A & B) ofvarious activities which

are mandatory for sanctioning/disbursing & post sanction follow-upMonitoring signed by Branch head be kept alongwith loan documents for the verification by

Inspectors/Auditors-BCC:BR:103:180 dated 27.06.2011* Festive discount in ROI See annexure I-C


Rate of Interest: Applicable from 01.08..2012 (Subject to change from time to time)-For repayment period upto 5 years: Base Rate + 2.50% i.e. 13.00%*-For repayment period more than 5 years: Base Rate + 3.00% i.e. 13.50%*

EMI CHART

Repayment Period Rate of Int. EMI Per Lakh

36 Months 13.00% ` 3370

60 Months 13.00% ` 2270

84 Months 13.50% ` 1847

Processing charges:

For Loans upto `15 lac 0.75% of Loan Amt Max. ` 10000 plus Service Tax

For Loans above `15 lac 0.50% of Loan Amt Min. ` 10000 plus Service Tax

Repayment Period Repayable in 84 EMIs

PREPAYMENT CHARGES NIL MARGIN For loans upto ` 15 lac 15% on Road cost

For loans over` 15 lac - 20% on Road cost(On Road cost means Invoice Price plus Insurance,Registration and Road Tax but excluding accessories

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Annexure I -c

Retail Loan Festive Offer (BCC:BR:104/344 dated 01.10.12)

**During campaign period (01.10.12 to 30.11.12) there is 100% waiver of processing charges. and concession in ROI for HL & Car laon

The applicable rate on home loans will be as under:-EMI per lac of rupees

Up tp 5yrs 10 yrs 15 yrs 20 yrs 25 yrsLoans up to 30 lac - on Base rate i.e. 10.50% - 2150/-, 1350/- 1106/- 999/- 945/-Loans above 30 lac - Base rate + 0.25% i.e 10.75% - 2162/- 1364/- 1121/- 1016/- 963/-

For Car loans

Up to 5 yrs Base rate + 0.75% = 11.25% EMI per lac 2187 /->5 years & up to 7 years - Base rate + 1.25% = 11.75% EMI per lac 1752/-

The effective interest rates as mentioned above may change with the change in Base Rate duringcampaign period

For Car loans, following concession will also be available during campaign period which are otherwiseavailable during normal course of business:1. 0.25% concession in rate of interest to existing HL borrowers having a good track record of repayment

without having any overdues in their account. It is also to be ensured that the account has not been

rephrased, restructured or rescheduled in the pase (Ref. Cir. No BCC:BR:102:155 dated 8.06.2010)2. 0.50% concession in interest rates if liquid securities like pledge of FDR, NSC, KVP, LIC policies for 50%

or above of the sanctioned limit are made available.



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But the concession in rate of interest would not be available where any concession ordeviation has already been granted in the past.

Annexure-II

ALL IN COST FOR RETAIL LOANS(BCC:BR:102:318 dated 22.11.2010)

(A) UNIFIED PROCESSING CHARGES: includes processing charges, documentation charges, document verification charges andpre & one time post sanction inspection charges. As Amended on 15.01.2011

S.N. RETAIL PRODUCT CHARGES

1. Baroda Home Loan

Takeover of Home loan

Loans upto `30 lacs : 0.50%. Min.` 5000Loans above. ` 30 lacs : 0.40% Minimum : ` 15000/- Max. ` 50000(service tax (ST) to be recovered separately in addition to above)0.10% +ST No Maximum

2. Baroda Auto Loana. Car Loan upto Rs.15 lacb. Car Loan to HNIs /Corporates over Rs.15 lacsc. Two wheeler loan

0.75% maximum Rs.10000/- +ST0.50% minimum Rs. 10000/- +ST no maximum

2.00% minimum Rs. 250/- +ST

3. Baroda Education Loana. Baroda Vidhya

b. Baroda Gyanc. Baroda Scholar

NIL

NIL1% (to be refunded after availment of loan)

4. Baroda Personal Loan 2% minimum Rs. 250/- +ST except following:Loan to Pensioners Rs. 500/- +ST fixed and



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Processing charges are to be recovered upfront. 50% of processing charges recovered upfront may be refunded if advance is sanctioned but not availed by the borrower. No Processing charges, if loan is not sanctioned upto Rs. 5.00 lacs.

(B) Charges in respect of Advocate and Valuer:Legal opinion fee and valuation charges are to be recovered on actual basis in addition to above Unified ProcessingCharges.

(C ) PREPAYMENT CHARGES:


1. Baroda Home Loan A. Part prepayment of loan NILB. FULL PREPAYMENT/ PREMATURE CLOSURE CHARGES: No penalty if loan is prepaid from own sources.

In other cases, @ 0.5% of balance outstanding for each year of the residualperiod of home loan subject to maximum of2.00% including any such amountprepaid in the last financial year +ST

2. Baroda Auto Loan NIL

3. Baroda Education loan NIL

4. Baroda Personal Loan NIL

(D) INSPECTION CHARGES:


1. Baroda Home Loan Post Inspection: 1st post inspection NIL2nd & onwards Rs.100/- + out of pocket charges + conveyance charges (per

inspection) +Service Tax2. Baroda Auto Loan Post Inspection: 1st post inspection NIL

2nd & onwards Rs.100/- + out of pocket charges + conveyance charges (perinspection) + Service Tax



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3. Baroda Education loan NIL4. Baroda Personal Loan NIL

(E) INTEREST RATE: Interest Rates chart is to be provided as applicable from time to time (Subject to change from time totime).

(F) LEGAL REPORTS / VALUATION CHARGES: Actual Charges is to be recovered.(G) CONVERSION CHARGES FROM FIXED TO FLOATING:

Baroda Home Loan: (applicable for loans sanctioned under fixed rate option)From Fixed to Fluctuating rate option One time process.

@ 0.50% for every year for the residual period of the loan maximum 2% +ST of the amount outstanding on the date of allowingconversion.

With a condition to charge fee for premature closure (@ 00.5% +ST of balance outstanding for each year of the residual period ofhousing loan, subject to maximum of 3%) be stipulated and borrowers acceptance to this be taken.

From Fluctuating to Fixed rate option Option is not available now,

Baroda home loans sanctioned on fixed rate option with reset clause after completion of 5/3 years of sanction ( i.e. on or after16.08.2007 & 17.11.2008 ) has become due for resetting of interest and be accordingly changed. Procedure explained withexample in BCC:BR:104:255 dated 17.07.2012

ASCROM input data sheet be now a part of every Retail loan proposal.

Oher Recent changes:1. Repayment of Retail loans of NRIs by his resident close relatives in Rupees is now permitted by RBI

(BCC:BR:103:269 dated 20.09.2011)

2. Borrower may be given an option for resetting of EMIs/ extention of repayment period subsequent to change in interest rateHowever total Repayment period of home loans (including extended period ) subsequent to increase in rate of interest should notexceed Maximum period permissible under Home Loans i.e. 300 months or 60/65 years of age of borrower in case of salariedclass/



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Professional / business men as the case may be, which ever is earlier (BCC:RB:104:944 dated 25.04.2012)

Education Loan Interest Subsidy Scheme (ELIS): Provides interest subsidy for the period of moratorium to students from Economicallyweaker sections (having parental family income from all sources not more than `4.5 lac per annum), Subsidy will be available only to studentsenrolled in recognised Technical/Professional courses (after XII) in india, courses starting from academic year 2009-10. Maximum loan `10 lac*

After moratorium period interest will be borne by student Ref cir.-BCC:BR:102:222 dated 13.08.10 & BCC:BR:102:255 dated 16.09.2010. Fordetailed procedure for submission of claim (Software) ref. cir. No. BCC:BR:102:353 dated 27.12.2010.*Interest subsidy scheme may be extended in respect of courses where the fee structure (all inclusive) is more than Rs.10 lac and whichotherwise satisfy all other eligibility criteria of subsidy scheme, but subsidy amount will be calculated only upto loan amount of Rs.10 lacs.(BCC:BR:103:162 dated 13.06.2011)

Annexure III

(H) Present rate of interest on Retail Loans advised vied Circular No. BCC: BR: 104:317 Dated: 10.09.2012 as under:

EFFECTIVE RATE OF INTEREST ON VARIOUS RETAIL LOANS W.E.10.09.2012 - BASE RATE 10.50%(w.e.f.01.05.2012)


Sr.No.

Product/Period of Loan Effective Rates per annum with monthly rests

1. BARODA HOME LOAN TOINDIVIDUALS / NRIs / PIOs

Up to Rs 30 Lacs Over Rs 30 Lacs& up to < 75 lac

75 lac & above(effectiveFrom 01.12.2010)

Fixed Rate Option NOT AVAILABLE NOT AVAILABLE NOT AVAILABLE

Floating Rate Option

Upto 5 years Base Rate + 0.25%

i.e. 10.75%

Base Rate + 1.00%

i.e.11.50%

Base Rate + 1.25%

i.e. 11.75%Over 5 years & upto 15 years Base Rate + 0.50%

i.e 11.00%Base Rate + 1.25%i.e. 11.75%

Base Rate + 1.50%i.e. 12.00%

Over 15 Years & upto 25 years Base Rate + 0.75%i.e. 11.25%

Base Rate + 1.50%i.e. 12.50%

Base Rate +1.75%i.e. 12.25%

BARODA HOME IMPROVEMENT LOAN Base Rate + 2.50% i.e.13.00%BARODA ADDITIONAL ASSUREDADVANCE (Resident / NRIs/ PIOs)

Base Rate + 1.50% i.e. 12.00%

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Sr.No.


2. BARODA MORTGAGE LOAN Base Rate +5.25% i.e. 15.75%

3. BARODA ASHRAY (REVERSE MORTGAGE)Fixed rate option NOT AVAILABLE

Floating rate option Base Rate + 1.75% i.e. 12.25%

4. BARODA TRADERS LOAN: Irrespectiveof loan limit / OD / TLAgainst security of Gold ornaments /Jewellery

Base Rate + 3.00% i.e. 13.50%

Base Rate + 3.00% i.e. 13.50%

5. BARODA LOAN TO DOCTORSUp to Rs. 2.00 Lacs Base Rate + 3.00% i.e. 13.50%.

Above Rs. 2.00 Lacs Base Rate + 2.50% i.e. 13.00%.

6. BARODA EDUCATION LOAN

Up to Rs. 4 lacs Base Rate + 2.50% i.e. 13.00%.

Above Rs. 4.00 lacs up to 7.50 lac Base Rate + 4.00% i.e. 14.50%.

Above Rs. 7.50 lac Base Rate + 3.50% i.e. 14.00%

BARODA CAREER DEVELOPMENT Base Rate + 4.75% i.e. 15.25%

7. BARODA AUTO LOAN

BARODA CAR LOAN / BARODA CARLOAN to HNIs / Corporates Repayment period up to 5 YearsRepayment period > 5 Years

Base Rate + 2.50% i.e. 13.00%Base Rate + 3.00% i.e. 13.50%

Baroda Loan for Two wheeler Base Rate + 4.00% i.e. 14.50%

8. BARODA ADVANCE AGAINST SECURITIES

Against NSC / KVPLoan:

Base Rate + 3.50% or 0.50% over NSC / KVPrate, whichever is higher

Overdraft Base Rate + 4.00% or 0.75% over NSC / KVP,whichever is higher

Life Insurance Policy / Relief BondsLoan: Base Rate + 3.50% i.e. 14.00 %

Overdraft: Base Rate + 4.00% i.e. 14.50 %.

Advance Against Gold Ornament /Jewellery

Base Rate + 4.00% i.e. 14.50 %.

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Sr.No.


9. BARODA PERSONAL LOANExcept for following Purpose_ Loan to Pensioners_ Loan to Defense Pensioners_ Loan for Earnest Money Deposit

Base Rate + 6.50% i.e. 17.00%

Base Rate + 5.25% i.e. 15.75%Base Rate + 5.25% i.e. 15.75%Base Rate + 3.25% i.e. 13.75%

10. BARODA SALARY ADVANTAGESAVINGS ACCOUNT

Base Rate + 5.50% i.e. 16.00%

11. LOAN AGAINST FUTURE RENTRECEIVABLES.

Base Rate + 6.00% i.e.16.50%

12. LABOD/ODBODBelow ` 100 lac` 100 lac & aboveFor Staff : Up to ` 10.00 lac

> ` 10.00 lac & up to ` 50 lac> ` 50 lac

1.50% over Interest rate on Fixed Deposit1.75% over Interest rate on Fixed Deposit1.00% over Interest rate on Fixed Deposit

1.50% over Interest rate on Fixed Deposit1.75% over Interest rate on Fixed Deposit

13. Advance against the securities of thirdParty FDRsBelow ` 100 lacLoans of ` 100 lac & aboveSenior Citizen & Staff (to third party)

2.00% over Deposit rate or Base rate + 3.50% which ever is higher.2.25% over Deposit rate or Base rate + 3.50% which ever is higher.Not available

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Staff Loans

(A) Housing Loan (Cir. No. BB:BR:102/135 dated 14.05.2010)

1. Regular Housing Loan

Details Officer Clerks Substaff**

Eligility Confirmed Banks Service

Loan Limit 90% of total cost or Maximum 20lac, whichever is less

90% of total cost or Maximum 12lac, whichever is less

90% of total cost or Maximum 9lac, whichever is less

Rate of Interest 8% p.a. (Simple) or Base rate which ever is less

Margin 10%

Repayment 2 yrs after date of first disbursement or 6 months after completion of house/flat whichever is earlier. EMI of Principle - 180 months and of Interest - 60

** Limit for Part-time sub staff

wages 60 times of gross salary subject to maximum Rs. 6/- lac

wages 60 times of gross salary subject to maximum Rs. 4/- lac

1/3 wages 60 t imes of gross salary subject to maximum Rs. 2.67 lac

(2) Additional Housing Loan for Repair/Renovation/Extention

Details Officer Clerk Substaff

Full time wages 1/2wages

1/3 wages

Eligibility Confirmed Bank Service

Loan Limit 4 lac 2.4 lac 1.6 lac 1.2 lac 0.80 lac 0.53 lac

Interest rate 8% p.a. simple or Base rate, which ever is less

Repayment 120 months (Principle 90 and Interest 30)

Margin 25% of approximate cost



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(B) Vehicle Loan (BCC:BR:102/38 dated 04.02.2010

Officers: Car Loan

Eligibility: All confirmed officers with 3 years continuous service, drawing Basic pay not less than Rs. 13820/- There is noceiling of Basic Pay in case of physically handicapped employees.

Loan for 2nd hand car may be considered under the same terms and conditions up to an amount equivalent to presentmarket price as per valuation certificate of approved motor garage or insured amount as per insurance company, whch

ever is less provided officer gives an undertaking to take comprehensive insurance policy of the vehicle till the loan isrepaid fully.

Two-wheeler loan:

Eligibility : Confirmed service.

Loan of 2nd hand Two Wheeler may be considered provided loan for previous T/W has settled and there is interval of 4

years between two loans from date of sanction of previous T/W loan


Purpose Limit Rate of interest Repayment

Purchase of new car 80% of control price or 7 lac Whichever is less

8.5% (Simple) Principle in 90 months & interestin 30 months


T/W(Scooter/Motor cycle/.Moped 90% of control price or 90000/- Which everis less

8.5%(Simple)

Principle in 70 months & interestin 14 months

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Loan for 2nd hand T/W may be considered under the same terms and conditions up to an amount equivalent to presentmarket price as per valuation certificate of approved motor garage or insured amount as per insurance company, whchever is less provided officer gives an undertaking to take comprehensive insurance policy of the vehicle till the loan isrepaid fully.

Clerical staff

Car Loan:

Eligibility: Clerks drawing Basic pay of Rs. 10000/- p.m. or above (As per 8 th Bi-partite settlement). There is noceiling of BP in case of physically handicapped employees.

Two-wheeler loan for Clerks who joined Banks service on or after 18.09.1989

Eligibility: Clerks who are drawing Basic pay of Rs. 5850/- p.m. or more as per 8th Bi-partite settlement and hasjoined on or before 18.09.1989



Purchase of new car 80% of control price or 5 lac Which

ever is less

8.5% (Simple) Principle in 90 months & interest

in 30 months


T/W(Scooter/Motor cycle/.Moped 90% of control price or 90000/- Whichever is less


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Sub-Staff

Two wheeler loan for Full time substaff who joined Banks Service on or after 18.09.1989

Eligibility: Confirmed Substaff who are drawing Basic Pay of Rs. 5850/- p.m. or more as per 8 th Bi-partitesettlement and has joined on or before 18.09.89

Part-time Sub-staff

Two wheeler loan for confirmed Part time Sub staff

Eligibility: Confirmed Part-time Sub-staff who are drawing proportionate wages of Rs. 5850 p.m. or more as per 8th

Bi-partite settlement

Disclaimer:

This handout is for Internal Circulation only, although utmost care has been taken in incorporating and updating the data,

however in case of any doubt or interpretation, Clarification and/or for need of detailed guidelines please refer to Banksrelative Circular/s mentioned at appropriate places.

S.M.Mathur, Chief Manager Nawalgarh, Cell: +918875001954 (O) +919462803807 (P)email : [email protected]








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mailto:[email protected]:[email protected]