Baroda Rajasthan Gramin Bank – Home Loan

By | May 1, 2011

Baroda Rajasthan Gramin Bank, sponsored by Bank of Baroda, was established by Central Government by amalgamating 5 Regional Rural Banks – Marudhar Kshetriya Gramin Bank, Aravali Kshetriya Gramin Bank, Bundi Chittorgarh Kshetriya Gramin Bank, Bhilwara Ajmer Kshetriya Gramin Bank and Dungarpur Banswara Kshetriya Gramin Bank, sponsored by Bank of Baroda. The Head Office of the bank is at Ajmer and its three Regional Offices are at Sawai Madhopur, Bhilwara and Churu.

The operational area of the bank is spread in 13 districts of Rajasthan through a network of 274 branches and 20 satellite offices.

Purpose: This loan finances construction or o purchase of residential property.

 

Eligibility: Any person above the age of 21 years can apply for this home loan. In case of a co-borrower, the minimum age is 18 years. The age of the borrower added to the repayment period chosen, should be less than 62 years in case of pensioners or non-salaried applicants. In case of a salaried person, the account should be liquidated on attaining retirement.

 

Quantum of Loan: The maximum amount that can be availed as loan is Rs. 50 Lakhs. The maximum quantum of loan is 60 times of monthly gross salary in case of salaried class. It is 5 times the Net average (last two years) annual income in case of customers other then salaried class people.

 

Repayment: Flexible 15 years loan repayment period.

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About Pradeep Yuvaraj

Pradeep Yuvaraj is a Co-Founder and Director at Finerva Financial Solutions Private Limited, a financial education company focused on personal finance education. He has penned over 250 articles relating to Personal Finance and clocked over 500 hours of educating individuals on managing personal finance. He is a serial entrepreneur and has been associated with 7 Start-ups. His entrepreneurial experience spans industries as varied as Education, Gas Engineering, Automobile Design, Software development and more recently a Pure play presentation design company. Prior to turning entrepreneur in 2005, he has worked for 3 of the top ten companies of the world - Shell, ExxonMobil and Total SA. This experience included handling Branch Operations, Channel Sales and Business Development across 5 states over a period of 8 years. He holds an MBA from Symbiosis and an Electronics Engineering Degree from the University of Pune.

2 thoughts on “Baroda Rajasthan Gramin Bank – Home Loan

    1. Team BankBazaar

      Hi Deepak, Please get in touch with your bank branch. They will help you with this. Cheers, Team BankBazaar

      Reply

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