Bank of Baroda Home Loan Advantage/Overdraft/Maxgain

[urboss]

I have a home loan from BoB - Baroda Premium Home Loan Advantage, which is basically an overdraft HL like SBI Maxgain, linked to a savings account and the interest is charged only on the reduced principal adjusted after the balance in the linked savings account.

For fellow people who have same HL, how do you track whether the interest charged is correct or not? Is there any excel/google sheet where we manually enter the details and it should give us the principal amount, interest amount, tenure etc etc.
The amortization schedule generated from the netbanking shows the default one at the time of disbursal and not account the prepayments - basically it's static and not dynamic.

 

[varkey]

Do you see Rupay Select DC option in the Cards --> Apply for physical debit card section of your BoB World app?

It doesn't work using the mobile app, however the branch will be able to place a request for the same. I have the Rupay Select DC.

 

[ontherocks]

It doesn't work using the mobile app, however the branch will be able to place a request for the same. I have the Rupay Select DC.

So there is no way to get the list of cards that one is eligible with the combination of Radiance and account type via app. I hope the list is visible in branch in their computer screens against one's account. I can then ask them to take a picture/screenshot.

 

[varkey]

So there is no way to get the list of cards that one is eligible with the combination of Radiance and account type via app. I hope the list is visible in branch in their computer screens against one's account. I can then ask them to take a picture/screenshot.

Right, from the app its not visible. The branch was able to issue the Select DC for me. I just emailed them to do it, didn't have any face-to-face interaction.

 

[Karthi95922]

i have similar loan in bank of Maharashtra named flexi home loan, same like BOB advantage. the extra amount parked in savings account will reduce the interest in home loan. i have created my own excel to track daily interest and monthly interest charge.

Since it is tracked daily , it is acurate . but you have to spend time in filling the daily credit and debit transactions in the savings account in excel