Bank of Baroda Home Loan EMI | Interest Rate | Eligibility

Bank of Baroda Provide Home Loan for Land Purchase, Built a House & Repayment of Existing Housing Loan for the Period of Maximum 30 Years.

Bank of Baroda Home Loan Offer

• Personal accidental Insurance
• Free Credit Card with Limit upto 2 Lakh
• Discount on Interest Rate 0.25% on Car Loan
• Flexible re-payment tenure up to 25 years
• Top Up Facility on Home Loan
• No Extra Fee on Part Payment or Pre Payment of Home Loan

Bank of Barod Home Loan Eligibility

For Salaried Person

• If Salary upto 20,000 Eligibilty will be 36 times of Salary.
• If Salary between 20,000-1 Lakh ,Eligibilty will be 48 times of Salary.
• If Salary more then 1 Lakh ,Eligibilty will be 54 times of Salary.

For Self Employed Person

• For Self Employed Person, Home Loan Eligibility will be 5 times of Annual Income.

Bank of Baroda Home Loan Interest Rate : 10.25%

Bank of Baroda Home Loan Processing Fee

• upto Rs. 30 Lakh - 0.50%
• Above Rs. 30 Lakh - 0.40%

Documents required (In case of Salaried)

• Salary slip not older than 60 days
• Bank statements for last 3 months not older than 90 days
• Work experience proof (required for 2 years)
• Photograph X [number]
• Proof of date of birth
• Signature verification proof
• Residence address proof

Documents Required (In case of Self-Employed)

• Business address proof
• Residence address proof
• Income Tax Return (Required for 2 years)
• Computation of income for tax purposes
• Balance Sheet / Profit and Loss Account along with all Schedules (Attested by Chartered Accountant)
• Bank statements for last 3 months
• Business continuity proof for 3 years
• Photograph X [number]
• Proof of date of birth
• Identification proof
• Signature verification proof

Documents Required (In case of Company)

• Memorandum & Articles of Association
• Certificate of Incorporation
• CA certificate for list of directors
• List of shareholders (with shareholding pattern)

Documents Required (In case of Partnership firm)

• Latest partnership deed
• CA certificate for list of partners
• Profit sharing ratio of partners
• Property documents
• Photocopies of title deeds, agreement to sell, encumbrance certificate
• Approved plans
• Clearance certificates from authorities
• Allotment letters (by laws of the co-operative society or Association of apartment owners)