Baroda Mortgage Loan By Bank of Baroda

Bank of Baroda brings to you an innovative combination of a loan and over draft facility with flexible repayment options against the security of your immovable property.

Key Benefits For Baroda Mortgage Loan By Bank of Baroda :

  • Ideal use of idle property - Generate additional income from an otherwise idle property.
  • Withdraw money as per your need and save on interest cost.
  • Deposit surplus money / regular income / salary and save interest.
  • Flexibility to withdraw money deposited earlier.
  • Can be availed either as overdraft or demand loan as per your need.

Salient Features 

  • Limit:

    Minimum : Rs. 1 lac

  • Maximum areas
    • Rural areas: Rs. 10 Lacs
    • Other areas: Rs. 300 Lacs
  • Repayment
    • Loan: Maximum 84 EMIs
  • Easy Documentation
  • Mortgage loan from other banks can be taken over

Terms & Conditions

Eligibility For Baroda Mortgage Loan By Bank of Baroda:

Salaried Employees / Professional, Self Employed & Other income tax assesses for last 3 years with a minimum gross annual income of Rs. 60000.

Age: Minimum 21 years

Income Criteria:

  • Salaried: 36 times of gross monthly income
  • Others: 5 times of average (last 3 years) annual income


Documents Required For Baroda Mortgage Loan By Bank of Baroda :

  • Salaried
    • Income proof (Form 16 along with salary certificate from the employer)
  • Professional / Self-employed
    • I.T. returns for past 3 years
    • Latest income tax assessment order (for overdraft amount of over Rs. 5 Lacs)
    • Income certificate from appropriate revenue authority like Tehsilldar/BDO/SDO (for agriculturist)
    • Original title deeds of the property offered for mortgage
    • Paid receipt of latest maintenance, water tax, municipal tax and any such taxes.
    • Non encumbrance letter from co-op society
    • Permission to create Equitable Mortgage from society
    • Last 6 months bank statements of main bank account

For more details, kindly visit a Bank of Baroda Branch nearest to you. 

It has been a long and eventful journey of almost a century across 25 countries. Starting in 1908 from a small building in Baroda to its new hi-rise and hi-tech Baroda Corporate Centre in Mumbai, is a saga of vision, enterprise, financial prudence and corporate governance.

It is a story scripted in corporate wisdom and social pride. It is a story crafted in private capital, princely patronage and state ownership. It is a story of ordinary bankers and their extraordinary contribution in the ascent of Bank of Baroda to the formidable heights of corporate glory. It is a story that needs to be shared with all those millions of people - customers, stakeholders, employees & the public at large - who in ample measure, have contributed to the making of an institution.

Loan Against property lets you unlock the full potential of your property, and use it to build a bigger life for yourself. Whether your property is residential, industrial or commercial, a loan against property will ensure maximum finance, taking care of your unique needs as either a salaried or self-employed individual. At My Loan Partner, we help to unlock the wealth in our client's real estate assets.

Your loan application is now a very simple process as never before and we will get your loan approved asap.

We have multiple options of financial institutions to provide various types of financial services to our esteemed customers at their doorsteps at competitive rates.

We are thus providing a list of documents which are required from your side to get your loan approved from the respective banks and financial institutions.

List of documents for Salaried persons
. Proof of Identity:- Passport/Driving Licence/Voters ID/PAN Card(any one).
. Proof of Residence:- Leave and License Agreement/Utility Bill(not more than 3 months old)/Passport(any one).
. Latest 3 months Bank Statement(where salary/income is credited).
. Salary slips for last 3 months.
. 2 Passport Size Photographs.

List of documents for Self-Employed
. KYC Documents:- Proof of Identity;Address proof;DOB proof.
. Proof of Residence:- Leave and License Agreement/Utility Bill(not more than 3 months old)/Passport(any one).
. Income proof(audited financials for the last two years).
. Latest 6 months Bank statement.
. Office address proof.
. Proof of residence or office ownership.
. Proof of continuity of business.

Interested? Please leave your details and we will contact you soon