Baroda Home Loan Takeover Scheme

CIBIL Score

• Minimum cut off CIBIL score must be 701.

Required Documents

• Documents related to Public Limited Company / Pvt. Ltd. Company / Partnership Firms / LLPs.
• Declaration to be submitted every year related to total borrowings.
• Undertaking that the property will not be let out. If property is let out penal interest @ 2% to be levied from the date of letting out the property.
• Duly Filled and Signed Application form along with three Photographs
• Proof of Identity - PAN CARD (mandatory for loan application above Rs.10.00lacs
• Driver’s License / Voter ID / Passport / Aadhar Card
• Proof of Residence(Driver’s License / Ration Card/ Voter ID / Passport / Aadhar Card/ Registered Rent Agreement)
• If any previous loan then loan a/c statement for last 1 year along with sanction letter.( If loan from BoB, Account No / Cust Id required)
• Proof of assets held like LIC/NSC/KVP/MF/PROPERTY
• Assets and Liabilities statement

Loan Processing Charges

• Nil

Features

• Bank of Baroda provides a balance transfer facility for repayment tenure of up to 30 years, including the maximum moratorium period of 3 years.
• Low Interest Rates
• Low Processing Fee
• No Hidden Charges
• No Pre Payment Penalty
• Interest charges on Daily Reducing Balance
• Top up facility is also available.
• Facility available for linking HL with SB a/c.
• Any credit balance in SB a/c at the end of day will be counted for credit in linked HL a/c.
• Easy top-up loans
• Finance life insurance
• Longer tenures
• No pre-closure charges
• Optional life insurance