Can I avail a Home Loan from Bank of Baroda?

Yes, you can avail a Home Loan from Bank of Baroda, if you plan to construct or purchase a house/flat or extend your existing house/flat and, you are A minimum of 21 years Employed or self-employed with regular income.

Who can be co-applicant?

The proposed owners of the residential accommodation as per the agreement for sale, in respect of which financial assistance is sought, must be co-applicants. Usually joint applications are from husband-wife, father-son, mother-son, etc.

How much does Bank of Baroda lend?

Loan amount is determined on the basis of the repaying capacity of the applicant(s). For calculating the repaying capacity, various factors are taken into consideration such as age, income, dependents, assets, liabilities, stability of occupation and continuity of income, savings, etc.The

What is the average tenure of a home loan?

We grant term up to a maximum of 30 years. The term for the loan will under no circumstances exceed the age of retirement or completion of 65 years of age, whichever is earlier.

But can I prepay the loan ahead of schedule?

Yes, you have the option to prepay the loan ahead of schedule either in part or in full from your own sources.

What is the mode of repayment?

Equated Monthly Instalment (EMI): It means a uniform lump sum amount, which includes repayment of a part of the principal amount and payment of interest, calculated on daily products basis. Or Fixing the monthly/quarterly instalments on graduated basis is permitted of EMI as requested

What is the security for the loan?

The security for the loan is equitable mortgage of the property to be financed.

What are the supporting documents required while applying for the loan?

Common requirements for all applicants: Application form duly filled in (with photograph of all the applicant). Residence and age verification, which may be established from the PAN card, election ID, passport, drivers’ license, ration card, etc. Copy of approved

Do you have any housing loan product for NRIs?

Yes. We have Housing Loan products for NRIs/PIOs. For details, please visit our website at housing loans to NRIs/PIOs.

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पात्र उधारकर्ता

एनआरआई/पीआईओ, स्टाफ एवं एक्स स्टाफ सदस्य (पब्लिक स्कीम एवं स्टाफ हाउसिंग स्कीम के अंतर्गत आवास ऋण प्राप्त) सहित सभी वर्तमान आवास ऋणधारक जिनकी परिसंपत्ति का वर्गीकरण स्टैंडर्ड के रूप में किया गया है.

ब्याज दर

संबद्ध गृह ऋण + स्ट्रेटेजिक प्रीमियम + 0.60% लागू ब्याज दर.

एकीकृत प्रोसेसिंग प्रभार

ऋण राशि का 0.25%

न्यूनतम : रु. 5,000 (अपफ्रंट)

अधिकतम : रु. 12,500 अधिक जीएसटी

उपलब्ध नहीं

सीमा ऋण

न्यूनतम रु.1 लाख

अधिकतम रु. 200 लाख

उद्देश्य

सट्टा के अलावा कोई भी उद्देश्य

मार्जिन

आवासीय संपत्ति के शेष मूल्य का 25% या वर्तमान आवास ऋण के बकाया ऋण की राशि का 150% घटाने के पश्चात

अतिदेय गृह ऋण + प्रस्तावित टॉप अप ऋण	(प्राप्य मूल्य पर आधारित) एलटीवी अनुपात (एचएल + टॉप अप) मार्जिन	मार्जिन
रु. 30 लाख तक	90%	10%
रु. 30 लाख से अधिक और रु. 75 लाख तक	80%	20%
रु. 75 लाख से अधिक	75%	25%

आयु

आवास ऋण उत्पाद के तहत उल्लिखित निर्धारित मानदंडों के अनुसार उधारकर्ता की आयु + एएए ऋण की अवधि 70 वर्ष से अधिक नहीं होनी चाहिए. (निवासी भारतीयों के लिए)
उधारकर्ता की आयु + एएए ऋण अवधि 65 वर्ष से अधिक नहीं होनी चाहिए (एनआरआई/पीआईओ/ओसीआई हेतु)

चुकौती अवधि

टॉप-अप ऋण अधिकतम अवधि के लिए स्वीकृत किया जा सकता है, जिस तक आवेदक अपनी आयु मानदंड के अनुसार पात्र है, अर्थात लिंक किए गए होम लोन की अवधि के बावजूद लागू/प्राप्त किया गया है.
संबद्ध गृह ऋण खाता बंद होने की स्थिति में, टॉप-अप ऋण की चुकौती स्वीकृत अवधि तक जारी रखी जा सकती है.
तथापि संबद्ध गृह ऋण के बंद होने के बाद टॉप-अप ऋण सुविधा का कोई नया ऋण / सीमा बढ़ाने की अनुमति नहीं दी जाएगी.
समान मासिक किस्त (ईएमआई) द्वारा चुकौती. प्रथम भुगतान के एक माह बाद पहली किश्त देय.
मौजूदा टॉप-अप (पूर्ववर्ती एएए) ऋण के मामले में, मौजूदा नियमों और शर्तों के अनुसार संबद्ध गृह ऋण खाते के पूर्व-बंद होने के बाद 4 वर्षों के भीतर इसे बंद किया जाना है.

प्रतिभूति

एक्विटेबल मॉर्गेज का विस्तार

बीमा

संपत्ति का बीमा कवर बैंक के मानदंडों के अनुसार उधारकर्ता की लागत पर प्राप्त किया जाना है.
मास्टर पॉलिसी के अंतर्गत नि: शुल्क व्यक्तिगत दुर्घटना मृत्यु बीमा कवर उपलब्ध है.
समूह ऋण जीवन बीमा कवर (वैकल्पिक और उधारकर्ता की लागत पर)

चुकौती क्षमता

प्रस्तावित ईएमआई सहित कुल कटौती निम्नलिखित से अधिक नहीं होनी चाहिए.

वेतनभोगी व्यक्ति

सकल मासिक आय रु. 20,000/- से कम	50%
सकल मासिक आय रु. 20,000/- और उससे अधिक परंतु रु.50,000/- से कम	60%
सकल मासिक आय रु. 50,000/- और उससे अधिक परंतु रु. 2.00 लाख से कम	65%
सकल मासिक आय रु. 2.00 लाख और उससे अधिक परंतु रु. 5.00 लाख से कम	70%
सकल मासिक आय रु. 5 लाख और उससे अधिक	75%

अन्य

रु. 6 लाख तक की औसत सकल वार्षिक आय (पिछले -2- वर्षों हेतु) :70%
रु. 6 लाख से अधिक की औसत सकल वार्षिक आय (पिछले -2- वर्षों हेतु): 80%

बंधक रखी जाने वाली संपत्ति हेतु मूल्यांकन मानदंड

मूल्यांकन मानदंड निम्नानुसार हैं

यदि संपत्ति पिछले 3 वर्षों में खरीदी गई है, तो पंजीकृत मूल्य प्रतिभूति के मूल्य के रूप में स्वीकार किया जाना चाहिए.
बिक्री विलेख के निष्पादन के 3 वर्षों के बाद, मंजूरी प्राधिकारी को संतोष होने पर अनुमोदित मूल्यांकनकर्ता से प्राप्त नए मूल्यांकन को स्वीकार किया जा सकता है.
अन्य सभी मामलों में मौजूदा बाज़ार मूल्य को प्रतिभूति के मूल्य के रूप में स्वीकार किया जा सकता है बशर्ते मौजूदा मूल्यांकन, पूर्व मूल्यांकन के तीन वर्षों के बाद ही किया जाए.

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अक्सर पूछे जाने वाले प्रश्न

Can I avail a Home Loan from Bank of Baroda?
Yes, you can avail a Home Loan from Bank of Baroda, if you plan to construct or purchase a house/flat or extend your existing house/flat and, you are

A minimum of 21 years

Employed or self-employed with regular income.
Who can be co-applicant?

The proposed owners of the residential accommodation as per the agreement for sale, in respect of which financial assistance is sought, must be co-applicants. Usually joint applications are from husband-wife, father-son, mother-son, etc.
How much does Bank of Baroda lend?

Loan amount is determined on the basis of the repaying capacity of the applicant(s). For calculating the repaying capacity, various factors are taken into consideration such as age, income, dependents, assets, liabilities, stability of occupation and continuity of income, savings, etc.

The maximum loan would be Rs. 10 crores per unit to any individual applicant based on the area where property is proposed to be constructed/purchased. We will extend the loan up to 90% (for fresh houses/flat) of the cost of property under our housing loan scheme.
What is the average tenure of a home loan?

We grant term up to a maximum of 30 years. The term for the loan will under no circumstances exceed the age of retirement or completion of 65 years of age, whichever is earlier.
But can I prepay the loan ahead of schedule?

Yes, you have the option to prepay the loan ahead of schedule either in part or in full from your own sources.
What is the mode of repayment?
Equated Monthly Instalment (EMI): It means a uniform lump sum amount, which includes repayment of a part of the principal amount and payment of interest, calculated on daily products basis.
Or

Fixing the monthly/quarterly instalments on graduated basis is permitted of EMI as requested by customers.
What is the security for the loan?

The security for the loan is equitable mortgage of the property to be financed.
Do you insist on LIC policy as additional collateral security?

No, it is not mandatory.
What are the supporting documents required while applying for the loan?
Common requirements for all applicants:

Application form duly filled in (with photograph of all the applicant).

Residence and age verification, which may be established from the PAN card, election ID, passport, drivers’ license, ration card, etc.

Copy of approved plan and sanction letter from local civic authority.

Copy of NA permission.

One/two guarantor(s) form(s) and salary certificates. If the guarantor is in business, copies of I.T. returns or assessment orders for the last three years are required.

Bank passbook of statements for the last two years.

Latest salary slip/statement showing all deductions in case of employed applicants.

Certified copies of balance sheets and profit and loss accounts, IT acknowledgments, advance tax challans (for both company/firm and personal account) for the last three years in case of self-employed applicants.

Memorandum/Articles of Association for companies, partnership deeds for firms and a brief profile of your company/firm in case of self-employed applicants.

Additional requirement

In case of purchase from builder:

Copy of agreement for sale.

Copy of registration receipt.

Copy of sanctioned plan & sanction letter of the competent authorities.

Copy of NA permission/ULC order.

Copies of receipts of payments already made.

NOC from builders in our format.

In case of direct allotment in a Co-operative Housing Society:

Allotment letter.

Share certificate.

Society registration certificate.

Copy of sale/lease deed in favour of the society.

NOC from society in our format.

Possession letter in original.

In case of resale:

Copy of all previous vendors’ agreements duly stamped and registered and the registration receipts (original to be given before disbursement).

NOC from society/builder in our format.

Original share certificate.
Do you have any housing loan product for NRIs?

Yes. We have Housing Loan products for NRIs/PIOs. For details, please visit our website at housing loans to NRIs/PIOs.