Range of Interest Rate
8.40% Onwards
Processing Fee Range
NIL
Loan Amount
Up to Rs 20 crores
Range of Loan Tenure
1-30 years
Key Salient Features
- No guarantor required
- Nil Pre-closure and prepayment fees
Documentation
- KYC– Aadhar Card and PAN Cardd
- Financial– Bank statement, Salary slips, latest form 16
- Property– Allotment Letter and Registered Sale Deed
Trivia
- There are about 9,693 Bank of Baroda Branches across India
- It takes on a average 7 working days for loan approval
USP’s
Door step service
Dedicated Relationship Manager
Minimum Documentation
Fastest Sanction
Fee and Charges Details
- There is no processing fee charges, foreclosure and prepayment charges
Disclaimer
- All intellectual property including trademarks, logos belong to the owner
| Particulars | Salaried | Self-Employed |
|---|---|---|
| Age | 18 to 70 Yrs | 18 to 70 Yrs |
| Prepayment Charges/Foreclosure | Zero | Zero |
FAQs
There are a few steps you need to follow while applying for a Bank of Baroda Home Loan. They are as follows:
- To begin you need to visit your nearest Branch and fill up the physical Home Loan form.
- Submit necessary documentation
- Undergo processing of the loan along with legality and technicality verification
- Receive sanction letter
- Finally, await the disbursal of the loan
When applying for a Bank of Baroda Home Loan there are a few essential documents that you need to submit. These are given in the table below:When applying for a Bank of Baroda Home Loan there are a few essential documents that you need to submit. These are given in the table below:
KYC Documents
KYC Documents
- The previous three months’ salary slips and
the Latest Form-16 - Latest 2 years Form 16
- IT Returns for the last three years
-
Business Profile of the Applicant
Latest 3 years ITR with Computation of Income - Balance Sheet, Profit, and Loss Account, and respective schedules
- GST Registration Certificate, GSTR-3B Returns of
latest 1 Year, and GSTR-3B Returns of latest 1 Year
Company Udhyam certificate
Property Documents
A major reason why you must apply for a Bank of Baroda Home Loan is because this nationalized bank provides for a range of attractive lowest interest rates.
Besides, they also offer the loan applicant with easy repayment terms. Also, during the entire tenure of a Bank of Baroda Home, you can opt for a top-up five times.
On submission of all documents needed to apply for Bank of Baroda Home Loan, it usually takes about 7 working days to get approved.
To apply for a Bank of Baroda Home Loan and have a greater chance of securing it, you need to possess a minimum CIBIL score of 701 and above but not more than 726.
As per the Bank of Baroda Home Loan policies, the maximum loan amount you can secure is Rs 20 crore.
It is not mandatory to have a co-applicant. However, it is advisable that you do have one while applying for a Bank of Baroda Home Loan because it enhances your home loan eligibility. Thereby showing the lender your creditworthiness and chances to improve terms and conditions.
Since the interest rate of this nationalized bank is linked to the Baroda Repo Linked Lending Rate or BRLLR, it will usually change every month.
Yes, it is possible to secure a Bank of Baroda Home Loan even if you have documents to show IT returns of three years. However, you will need to seek out a small loan and also possess a high CIBIL score to prove that you are ‘Creditworthy’.
After applying for a Bank of Baroda Home Loan by submitting all the necessary documents and undergoing technical and property verification to get it sanctioned, it takes a maximum of about 4 to 5 working days for the disbursal to occur.
There are other details about a Bank of Baroda Home Loan that you need to know before applying for it. They are given below:
-
Types of Bank of Baroda Home Loan:
Typically, there are three types of Bank of Baroda Home available. They are given below:
- Bank of Baroda Top-Up Home Loan
- Bank of Baroda Home Loan
- Bank of Baroda Home Loan Advantage
-
How can you get Bank of Baroda Bank Home Loan statement?
It is by requesting Bank of Baroda Bank that you can get a Home Loan statement delivered at your email ID.
EMI Calculator
Loan Amount
₹
Rate of Interest
%
Loan Tenure (Years)
Years
Monthly EMI
₹ 21,617
Principal Amount
₹ 25,000,000
Interest Amount
₹ 23,000,000
Total Amount Payble
₹ 47,000,000
Interest Amount
Principal Amount
Apply for Home Loan
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434 Google Reviews
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5/5
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