Bank of Baroda offers a smart financial solution through its Mortgage Loan, combining a loan and overdraft facility with flexible repayment terms. Secure your immovable property while enjoying exclusive benefits and tax savings. Bank Of Baroda Personal Loan Apply
Key Benefits of Baroda Mortgage Loan:
- Monetize Idle Property: Turn your property’s value into financial support.
- Interest Savings: Deposit surplus funds to save on interest.
- Flexible Withdrawals: Access funds as needed.
- Multiple Loan Options: Choose between overdraft and demand loans.
- Competitive Interest Rates: Enjoy attractive rates.
- High Loan Limit: Borrow up to Rs. 25 crore.
Baroda Mortgage Loan Features:
- Eligibility: Available to individuals, NRIs, and various business entities.
- Tenure: Up to 180 months.
- Loan Amount: Minimum Rs. 2 lakh; maximum Rs. 25 crore (metro cities).
- Property Type: Loans are granted against residential, commercial, or industrial properties.
Special Takeover Facility:
- Loan Transfer: Shift existing loans without income documentation (conditions apply).
- Criteria: Minimum 18 EMIs paid, CIBIL score of 750+, and secured property.
Baroda Mortgage Loan Eligibility Criteria:
For Individuals:
- Resident Indians:
- Employment or business tenure: Minimum 3 years.
- Gross Annual Income (GAI): Minimum Rs. 3 lakh.
- NRIs:
- Valid job contract/work permit abroad for at least 2 years.
- GAI: Minimum Rs. 5 lakh.
For Non-Individuals:
- Business Entities:
- Proprietorship firms, partnerships, private and public limited companies, LLPs.
- Minimum turnover: Rs. 1 crore (latest balance sheet).
- Profit-making track record: Last 3 years.
Baroda Mortgage Loan Interest Rates & Charges:
For Individuals:
- Interest rates range from 9.95% to 15.75% based on risk ratings.
- Additional charges for tenure above 120 months and amounts over Rs. 7.5 crore.
For Non-Individuals:
- Rates start from 10.15% based on credit margins.
- Custom rates apply for overdraft facilities and extended tenures.
Service Charges:
- Term Loan: 1% (Minimum: Rs. 8,500; Maximum: Rs. 1,50,000).
- Overdraft: 0.35% – 0.25% (Minimum: Rs. 8,500; No maximum limit for higher amounts).
Baroda Mortgage Loan Required Documents:
For Individuals:
- Loan application form.
- Passport-size photos.
- Bank account statements (last 6 months).
- Identity proof: PAN, Aadhaar, Passport, Driving License.
- Address proof: Utility bills, voter ID, passport.
- Income proof: Latest salary slips, ITRs.
For Non-Individuals:
- Board resolution (for companies).
- Audited financials (last 3 years).
- Business details and banking history.
Baroda Mortgage Loan How to Apply
Visit your nearest Bank of Baroda branch or apply online to unlock the financial potential of your property with Baroda Mortgage Loan today!
