Home Loan Process

02 Jan 2023

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Home Loan Process - A Step by Step Guide to get Bank of Baroda Home Loans

Owning a home gives you a sense of financial security. You can easily become a homeowner, thanks to a Home Loan. To make this type of loan more accessible to anyone in need, Bank of Baroda has made the home loan application process even more convenient. Now, you do not need to visit the bank several times to get your loan approved. Indeed, you can get approval for your home loan from the comfort of your home. Yes, Bank of Baroda has streamlined the Home Loan process. You can start the loan application process online. Here are the steps you need to follow:

Step 1: Application for a home loan

At Bank of Baroda, you can apply for your home loan online, visit www.bankofbaroda.in. Log into the portal to apply for a home loan with your valid mobile number and email ID. Select the product that you wish to apply. Pre-calculated the EMI and eligibility. Keep the documents ready while filling out the application for a home loan.

Step 2 - Home loan documents listp

Home loan document list required include, duly filled, and signed home loan application form, IT details, 6-months bank statement, personal details that include ID proof, address proof, age proof. Separate documents for salaried and self-employed applicants. For details check the website, www.bankofbaroda.in.

Step 3 - Document Processing & Verification

Document verification in home loan procedure is crucial for loan approval. The verification is a background check to confirm the authentication of the documents submitted. Legal and technical verification is conducted pre loan sanction.

Step 4 - Home loan sanction

Document verification in home loan procedure is crucial for loan approval. The verification is a background check to confirm the authentication of the documents submitted. Legal and technical verification is conducted pre loan sanction.

Step 4 - Home loan sanction

The home loan sanction is loan approval by the lender. This approval is based on the assessment of the borrower's profile and the condition of the pledged property. Documents are verified by the lender individually for authenticity. Once the lender is fully satisfied, the home loan sanction letter is sent to the borrower.

Step 5 - Secure Fee Payment

The processing fee for a home loan is a fee charged by the lender on approval of loan application. This home loan fee and charges come from lenders, if the lender is a bank or NBFC, for processing the home loan application. The one-time home loan fee and charges are an upfront payment paid by the borrower and are not deducted from the home loan amount.

Step 6 - Legal & Technical Verificationp

The bank approves the home loan application after conducting a legal and technical verification of the property that encompass creditworthiness of the borrower, long tenure loans are stringently verified, property evaluation ensures it is investment worthy, verification of all original documents, title deed, no-objection certificate (NOCs), and ownership paper.

Step 7 - Home loan disbursement

comes with the home loan disbursement is the final stage of the loan application. Once the technical appraisal of the property concludes, with verification of all documents and the fee paid in full, the applicant can request for home loan disbursement. The disbursement process is determined by the stage of the property.


The Home Loan procedure is indeed simple and straightforward. The partially online procedure makes it a great time and energy saver. So, visit the Bank of Baroda website to begin the Home Loan process today!

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