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Bank of Baroda Home Loan
Bank of Baroda is a leading government bank with the market's lowest home loan rates. They cover up to 90% of the property purchase amount, which can go up to a maximum of 20 crores.Powered By
Bank of Baroda Home Loan
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Here are a few factors
Loan Amount |
Minimum - 10 Lakhs Maximum - 20 crores |
Location |
PAN India |
Rate of Interest |
From 8.50% to 10.50% |
Processing Fees |
Up to 0.50% of the loan amount or ₹3,000, whichever is higher, plus applicable taxes. |
Loan Repayment Tenure |
Up to 30 years |
|
Re-Appraisal Of Loan After 6 Months From Sanction |
Up to Rs 2,000 plus applicable taxes. |
Required Documents to Apply for Bank Of Baroda Home Loan
Salaried income documents
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KYC of applicant & Co-Applicant
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Last 3 Month Salary Slip of Applicant
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Last 12 month Bank Statement of applicant & co-applicant
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Last 3 year ITR with computation of income of applicant & co-applicant
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Last 2 Year Form 16 of applicant
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26AS of last 2 year of applicant & co-applicant
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Appointment letter of applicant if available
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Agreement to Sale if purchase case
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Property Paper with complete chain of last 13 years
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Approved MAP of Property if available
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LOD (List of documents), Foreclosure Statement & SOA (Statement of account) if BT case
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Sanction letter of all running loan
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Latest utility Bill if owned residence or rent agreement if rented
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2 Reference with contact details
Self Employed person documents
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KYC of applicant & Co-Applicant
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Last 3 year ITR with computation of income of applicant & co-applicant
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Last 3 year audited balance sheet of applicant
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Last 3 year Tax audit report of applicant
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Last 12 month Bank Statement of applicant & co-applicant
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26AS of last 2 year of applicant & co-applicant
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Copy of GST registration
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Copy of MSME registration
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Copy of Last 12 month GST return
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Agreement to Sale if new purchase case
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Property Paper with complete chain of last 13 years
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Approved MAP of Property if available
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LOD (List of documents), Foreclosure Statement & SOA (Statement of account) if BT case
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Sanction letter of all running loan
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Debt Sheet
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Latest utility Bill of residence if owned or rent agreement if rented
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Latest utility Bill of Office if owned or rent agreement if rented
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2 Reference with contact details
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Last 3 year Debtors & Creditors on letter head
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List of Directors & Shareholders, if applicant if Company or List of Partners if applicant is Partnership firm/LLP
Some Important Points
If Applicant is
- Company-MOA, AOA, COI , PAN Card
- Partnership Firm/LLP- Partnership Deed & PAN Card
- Proprietorship Firm- PAN Card, Adhaar Card, Passport size photo
- KYC means Adhaar Card, PAN Card, Passport Size Photo
Co-Applicant means in case of
- Company : Directors
- Partnership firm/LLP : Partners
- Proprietorship Firm : Spouse of Proprietor
3. If applicant is professional, then his professional degree is required
About Bank of Baroda Home Loan
Purchasing a home is an investment in your own story, one where every square inch holds out hope for a better tomorrow. Make your home without any financial stress with a home loan form the BOI.
Every loan payment you make is a step towards creating your life's masterpiece—a house that matches your dreams. So why are you still away from taking a home loan to turn your blueprint into reality? Don’t think more; jump into this golden opportunity! Build your dream home with Bank of India Home loan offers
Because the Bank of India is here to assist, getting a house loan is no longer a burden. By providing the best house loans, the bank assures that many people's dreams of owning a home will come true. Your EMI and interest load are reduced by the lender by providing the loan at attractive interest rates.
Different types of home loans at the Bank of Baroda
Let’s have a look at the various options for home loans available at the Bank of Baroda:
Baroda Home Loan
For purchasing, constructing, or extending the home you can apply for a home loan:
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Loan Amount - Rs. 1 crore - Rs. 20 crores
Loan amount ratio
| Up to 30 Lakhs | 90% of the total home loan amount. |
| Between 30 - 75 Lakhs | 80% of the total home loan amount. |
| Above 75 Lakhs | 75% of the total home loan amount. |
Home Loan Takeover
Features:
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With this type of home loan, the Bank of Baroda offers its customers the opportunity to transfer their existing home loan balance from any other bank to the Bank Of Baroda.
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Loan Amount - Rs. 1 crore - Rs. 20 crores
| Up to 30 Lakhs | 90% of the total home loan amount. |
| Between 30 - 75 Lakhs | 80% of the total home loan amount. |
| Above 75 Lakhs | 75% of the total home loan amount. |
Home Renovation or Improvement Loan
Bank of Baroda offers its customers home loans to repair or renovate their existing homes, which includes the purchase of any kind of new furniture or extra fittings for the home:
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Loan Amount - Rs. 1 crore - Rs. 20 crores
| Up to 30 Lakhs | 90% of the total home loan amount. |
| Between 30 - 75 Lakhs | 80% of the total home loan amount. |
| Above 75 Lakhs | 75% of the total home loan amount. |
Pre-Approved Home Loan
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Bank of Baroda also provides an option for their customers to get pre-approved loans before they finalize the home or flat they want to buy. And the validity of this pore-approval is for 4 months.
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Loan amount - up to 10 crores
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Loan tenure -30 years
Top-Up Home Loan
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Bank of Baroda also has an additional facility for its existing home loan applicants to get top-ups on their loans for any speculative reason.
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Loan amount - Rs. 1 lakh - Rs. 1 crore
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Loan ratio - 75% of the remaining value of that home
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Tenure - 30 years.
Start with Bank Of Baroda Home Loan in few steps
If you are planning to apply for a home loan at Bank Of Baroda Home Loan there are certain details that you should be aware of, Let’s discuss
Visit Our Website
For the first step, you will have to visit our website to explore the loan options that fit your needs.
Select and Apply
Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.
Submit Your Document
One of the most important steps. Now you will have to submit all the required documents digitally.
Enjoy Your Financial Freedom!
Once your application is approved based on your eligibility, you will receive your loan amount shortly.
FREQUENTLY ASKED QUESTIONS
Bank of Baroda will determine the home loan amount based on the applicants, income, age, repayment capacity, and job stability.
Yes, the Bank of Baroda home loan can be foreclosed without penalty fees.
Bank of Baroda allows only the applicant's blood relatives to be co-applicants in home loans.
An individual can use a Bank of Baroda Home Loan for purchasing, constructing, or extending their home.
The validity for a Home Loan Pre-approval from the Bank of Baroda is 4 months.
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