bank-of-baroda-home-loan

a. Age: 21 - 70 years

b. Credit Score: A minimum of 650

c. Employment Type: Salaried Self-Employed

d. Borrower Profile: Individuals - singly or jointly

e. Work Experience: At least one year for salaried employees

       At least two years for non-salaried
applicants

       A maximum period of three months can be
considered for a break in service

The borrower needs to submit these documents:

●      Application form with photographs

●      Valid age, identity and residence proof

●      A copy of an approved house plan and sanction letter from the local civic authority

●      A copy of NA permission

●      One/two guarantor form(s) and salary certificates or copies of I.T. returns/assessment orders for the last three years

●      Bank passbook of statements for the last two years

●      Latest salary slip/statement to show all deductions for salaried employees

●      Certified copies of personal and company documents in case of self-employed applicants

●      Additional documents required depending on purchase from the builder, direct allotment in a co-operative housing society or resale

The loan verification process takes place in the following stages:

●      Filling of online application form and upload of documents on bank’s website or apnapaisa.com. You can also visit the nearest bank branch.

●      Review of application form and documents by the bank.

●      Loan sanction letter sent to the applicant by the bank.

●      Signing of the loan agreement between the bank and applicant.

●      Disbursal of funds by the bank to the borrower’s account.

●      Up to Rs. 75 lakh: 6.85 – 8.20%

●      Above Rs. 75 lakh: 7.10 – 8.45%