Know What Is The Features Of Bank Of Baroda Credit Card?

Bank of Baroda is the trustworthy financial company, whose main motive is masses desire. They give you shopping, dining, traveling, and entertainment field privileges along with ultimate gift vouchers.

They offer various products Signature VISA, Platinum VISA, Titanium Master, and Corporate Premium VISA. Let’s check out one by one with their features.

Signature VISA Credit Card

  • For this product joining, annual, and add-on fee Rs 1,000
  • Free accidental coverage
  • It’s acceptable globally

Platinum VISA Credit Card

  • On purchases of Rs 100, you will get one loyalty point
  • You will get up to 3 add-on cards free
  • You will get 100% cashback loyalty points

Titanium Master Credit Card

  • As a joining and add-on fee NIL
  • You will get 30% cash withdrawal limit
  • As an annual Rs 500 fee need to submit

Corporate Premium VISA Credit Card

  • It’s a revolving credit
  • You can have chip security benefit with this
  • As a joining and an annual Rs 2,000 need to pay

What Are The Requirements For Bank Of Baroda Credit Card?

The bank’s conditions are simple you need to show eligibility, KYC, and income proof. If you are fit on the criteria, then nobody can stop you to get instant approval of a card.

Eligibility For A Bank Of Baroda

  • Your age should be as per bank’s norm
  • A regular source of income
  • And a clear previous record

KYC Factor For A Card

  • Identity proof: Any governmental photo ID proof
  • Address proof: Passport, voter ID, and Aadhaar
  • Income proof: Form 16, the latest salary slip, and a copy of income tax return
  • And a recent passport size photograph

What Is The Procedure To Apply For A Credit Card?

The procedure of online application is easy. You need to follow simple steps and fill out the application form.

  • Visit the official site
  • Fill personal-professional details
  • Upload KYC with a recent passport size photograph
  • Share registered email ID or mobile number
  • And click on submit button

How Can You More Utilize Of Credit Card?

You can utilize your bank of baroda credit card for multi-purpose like make payment, view monthly bank statement or more.

Online Payment Option

You can have net banking, mobile banking App, autopay, RTGS, and NEFT services. Before you can operate these sites, need to register yourself and log in with own User ID and password. It’s a secure, easy, and time-consuming method.

View Monthly Bank Statement

The bank can send the report on registered email ID or either check through online banking portal. You get to know the limit, swipe report, expenses, exceeding limit report and more. Through this, can know the CIBIL score, if there is an issue you need to check and try to recover it as early as possible.

Bank Of Baroda Credit Card Customer Care Number

Call on 1800 22 3224 and get all problems solution within a second. You can ask queries, to the bank of Baroda credit card customer care number and get a quick answer. The executives are available by 24*7

ICICI Home Loan Interest Rates and Eligibility For Salaried

A home loan from ICICI Bank may prove to be a good choice for both salaried and self-employed professionals. Salaried, on one hand, have monthly income when it comes to salary and hence find it easier to decide their repayment amount. You know the rate on loans is decides by keeping into account the income/savings of applicants and CIBIL score.

In this article, we have focused on the home loan rates ICICI Bank offers to salaried applicants. Since this loan may continue up to 30 years (if chosen), it is important that you go for the tenure for which you can easily repay without any hassle.

ICICI home loan interest rates

The home loans rates ICICI Bank offers to salaried people ranges from 8.5% to 8.95% per annum. As mentioned above, the rates are approved based on your income and CIBIL Score. So, if you are able to save more than 60% of your income, you are eligible for a higher loan amount and lower rate. Talking about CIBIL score, 650 or above is required.  

Types of ICICI home loans

Below are the types of home loans offered by ICICI Bank:

Pre-approved home loans- The offers are extended to selected existing customers of ICICI Bank wherein you can get concession in the processing fee and the KYC documentation will be smoother.

Step Up Home Loans– Those who earn a minimum monthly income of ₹20,000 can avail the same for a tenure of up to 20 years. The best part is that it comes with a maximum loan amount limit of ₹3 crore along with enhanced eligibility of up to 20%.

Extra Home Loans– This facility allows you to enhance your loan amount by up to 20% along with providing you an option to extend your repayment period by up to 67 years. Applicants living in Surat, Greater Mumbai, National Capital Region, and Bengaluru can avail the same home loan facility. It is designed to meet the needs of middle-aged salaried, self-employed and young salaried customers.

Balance Transfer- If you have a running home loan from another bank, you can transfer your home loan to ICICI Bank and pay much lower EMIs. The interest rate on home loans is starting at 8.45% per annum.

Balance Transfer and Top-Up- You can balance transfer your home loan from other bank and also apply for a Top-Up wherein to get extra loan amount.

Personal loan linked home loan- You can avail a personal loan (top-up) linked to your home loan with ICICI Bank. You can use the funds up to 100% of the originally sanctioned home loan. The maximum tenure for this personal loan is up to 20 years.

Pradhan Mantri Awas Yojana– The first time home borrowers can avail the subsidy benefit of up to 6.5% p.a. In fact, one can also get the upfront subsidy benefit on principal outstanding.

Saral Rural Housing Loan– This housing loan scheme is for women borrowers and the weaker section of the society. The applicants can avail the loan up to 90% of the property value for a tenure of up to 3-20 years. The loan amount offered by the bank ranges between ₹5-15 Lakh.

ICICI home loan eligibility

The home loan eligibility at ICICI Bank is as follows:

  • Salaried and Self-employed individuals with the regular source of income
  • The applicant must be between the age of 21-65 years
  • The minimum age of the applicant should be 18 years

ICICI home loan calculator

A home loan calculator is a tool that is used to calculate the EMI on the loan. For example, if you are taking a home loan of ₹25 lakhs for the tenure of 20 years at the interest rate of 8.45% p.a. Your payment details will be as follows:

EMI- ₹21,617

Total Interest Outgo- ₹26,87,968

Total Amount (Interest+Principal)- ₹51,57,968

You can use loan calculator for different ICICI home loan interest rates till the time you find the combination suitable.

Yeah, Personal Loan For Self-employed Up For Grabs At HDFC, ICICI

A self-employed, be it a kirana shop owner or someone running a clinic, does require funds to meet his/her personal needs and wishes. Not only that, even the emergencies can creep in anytime to set them back.

So, the clamour for a personal loan can be heard loud among self-employed these days. Recognizing that inherent need, lenders like HDFC Bank, ICICI Bank and others have stepped up their efforts of providing them a suitable personal loan offer. So, if you are one of those businessmen or professionals seeking a personal loan, you can apply at any of these banks for the same. Before applying, though, you want to see a complete detail of their offers, right? So, let’s get the details or personal loan for self-employed before us.

HDFC Bank Personal Loan for Self-employed

HDFC Bank offers self-employed a personal loan of up 15 lakhs at an interest rate of 15%-20.99% per annum for a maximum of 5 years. So, be it the wedding funds or some other needs, a self-employed can get personal loans for varied causes.

ICICI Bank Personal Loan for Self-employed

ICICI Bank, another private sector biggie, is a prominent name when it comes to offering a personal loan to self-employed. A loan of as much as 30 lakhs, based on the eligibility, can be disbursed to a self-employed. The loan to be provided would come at an interest rate of 10.99%-22% per annum. You can get a maximum of 5 years to repay the loan.

Personal Loan Eligibility for Self-employed

  • The age of a self-employed should be a minimum of 28 years at the time of application. On the other hand, the age must not exceed 65 years by the time loan matures.
  • Minimum business turnover must fall in the range of 15-40 lakhs
  • While disbursing a loan, the banks also check to see any existing relationship with the customer. If so, then they can look to make the offer more appealing by offering attractive interest rates.

Personal Loan Eligibility Calculator

Above pointers talk about the general eligibility for a personal loan. But, as self-employed, you must be interested to know the amount you are eligible to get in the form of a debt, right? This is derived from the eligibility calculator that takes into account your income, spends and savings to do so. Based on which, the calculator decides the loan amount for you. Before calculating the sum, the calculator computes the per lakh EMI first before analyzing your income, saving and spending pattern to ascertain the loan amount.

Personal Loan EMI Calculator

After knowing the loan amount you are likely to get, the next responsibility lies in checking the amount you must be ready to pay via EMI, which stands for equated monthly installment. The EMI, as you would know, consists of both principal and interest portions of a loan. You can know the installments using the EMI calculator, which is there online for easy access and use. All that you need to do is to enter the loan amount, rate of interest and tenure to calculate the EMI and interest likely on your case. Even though a personal loan can be granted for as long as 5 years, you can cut it down to 4 years or so to reduce the outflow of interest from your pocket. This would raise the EMI, though. If the EMI hike is manageable, you better go for a shorter tenure and save a few bucks from going out of your pocket. The calculator will help you budget your personal and business life accordingly so as to ensure a timely repayment.

Check Your Personal Loan Amortization Schedule

Using the EMI calculator has a dual advantage attached to it. Not only you get to know the EMI, you even see a schedule of principal and interest repayment on your loan every year. Apart from that, you will see outstanding loan balance at the end of every year. What that does is to help you set the time by which you can prepay the debt. As self-employed, you could be in for a bulk at any time. So, if the bulk awaits in three years time from now, you better use that pay off the debt before its agreed tenure to save some bucks which otherwise would go servicing the interest.