BOB home loan apply process: Get loan approved in 30 minutes, give MISSED CALL at THIS number; check BENEFITS, TAX EXEMPTIONS, how to APPLY and other details here

Bank of Baroda Home Loan Advantages: The dream home will come true for the Bank of Baroda (BOB) customers as the bank is offering promising offers on home loan. Furthermore, one can get the in-principle home loan approval in 30 minutes digitally. The interested customers can login to the official website of BOB at bankofbaroda.in for further details.

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The BOB has recently tweeted about its home loan offers from its official Twitter handle. The tweet said, "#YourDreamHome will now come true! Check out #BankofBaroda #HomeLoan for promising offers.  Apply today: bit.ly/barodahomeloan."

#YourDreamHome will now come true! Check out #BankofBaroda #HomeLoan for promising offers.
Apply today: https://t.co/91PvFduWrv pic.twitter.com/NsSMN4XjkC

— Bank of Baroda (@bankofbaroda) September 2, 2021

The benefits for applying home loan with Bank of Baroda are as follows:

1) Lower interest rates

2) Hassle-free processing

3) Longer tenure

The BOB customers must note that they can get home loan simply by giving a missed call or by sending an SMS. The interested customers can give missed call at 846 700 1111 or SMS – HL < space > Name to 842 200 9988.

The BOB customers must also note that there are certain tax benefits of taking a home loan. They are as follows:

1) Tax benefit on the principal under Section 80C of Income Tax Act on paid basis

2) You can claim up to Rs.1.5 lakh based on the actual principal amount serviced by you

3) Tax benefit on the interest paid under Section 24 of Income Tax Act on accrual basis

a) You can claim up to Rs. 2 lakh provided it is a ready-to-occupy property.

b) You get a tax exemption of Rs. 30,000 if construction is not completed within five years.

c) For loan sizes up to Rs.35 lakh and cost of homes up to Rs.50 lakh, an additional exemption of up to Rs.50,000 is applicable on the interest paid for first time home buyers.

For further details, the BOB customers can login to the official website of BOB at bankofbaroda.in.