Loans & Advances 


Baroda Home Loan

Purpose:

For construction of new residential property

For acquisition of new/old residential property

For repair/ renovation/ extension of the existing house

For refinance of the loan already availed from any other institution.

Limit:

Upto NZD 2 million

Rate of Interest

(Standard rate for all new commitments on are after 2 June 2020 and subject to change):

5.25%p.a. Floating (1.75% below Bank Base Lending Rate (BBLR); Present BBLR: 7.00% p.a. )

3.85%p.a. Fixed for one year

3.90%p.a.  Fixed for two year

Our fees and charges are subject to change from time to time. For all charges please see our service charges.

Period:

Up to 30 Years

* T & C apply

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Personal Loan for Salaried Employees

Purpose:

For acquiring consumer goods or to meet any other personal need.

Condition:

Annual income  NZD30,000  and above.

Person must maintain satisfactory  salary account with BOB (NZ) Ltd.

Limit:

Upto NZD 50,000

Repayment Period:

Maximum 36 months

Rate of Interest:

Floating 11.00% p.a. (4% above Bank Base Lending Rate (BBLR); Present BBLR: 7.00% p.a.)

Our fees and charges are subject to change from time to time. For all charges please see our service charges.

* T & C apply

Rate of interest on other Consumer Loans

Rate of interest
Loan for professionals Floating 11.00% p.a. (4% above Bank Base Lending Rate (BBLR); Present BBLR: 7.00% p.a.)
Education Loan scheme for students going abroad Floating 11.00% p.a. (4% above Bank Base Lending Rate (BBLR); Present BBLR: 7.00% p.a.)
Baroda Car Loan (Less than $15000) Floating 11.00% p.a. (4% above Bank Base Lending Rate (BBLR); Present BBLR: 7.00% p.a.)
Baroda Car Loan ($15000 or more) Floating 10.00% p.a. (3% above Bank Base Lending Rate (BBLR); Present BBLR: 7.00% p.a.)

Note:

  • Terms and conditions and lending criteria apply.
  • The above rates of interest are current from 2 June 2020 and are subject to change. Bank Base Lending Rate (BBLR) reduced to 7.00% p.a. with effect from 2 June 2020 
  • Please contact us on 0800 024 404 or visit any of our branches to clarify any further about any of these Rates of interest or to find out more about any of our consumer loans. 
  • Our fees and charges are subject to change from time to time. For all charges please see our service charges.
  • Financial Hardship Assistance: Customers presently availing existing credit facilities under Credit Contracts and Consumer Finance Act 2003 can apply for relief on the grounds of unforeseen hardship under the Credit Contracts and Consumer Finance Act 2003 should illness, injury, loss of employment, the end of a relationship, or some other reasonable cause render you reasonably unable to meet your obligations under the current Facility Agreement with the bank. Should you wish to apply for such relief, you must make your application in writing to the Bank specifying the cause of your inability to meet your obligations under the Facility Agreement. The Bank will respond to your application in accordance with section 57A of the Credit Contracts and Consumer Finance Act 2003.
  • Customers financially affected by COVID-19 are encouraged to contact us.
  • Please contact us on 0800 024 404 or visit any of our branch to find out more about  loans other than consumer loans. 

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 Business Loans and loans other than Consumer Loans  

  • Finance for Small and Medium size business firms (SMEs)
  • Scheme for financing Retail Traders
  • Baroda Loan / Overdraft against Property
  • Baroda Mortgage loan
  • Customers financially affected by COVID-19 are encouraged to contact us.

Please contact us on 0800 024 404 or visit any of our branches to find out more about loans other than consumer loans. 

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