Baroda Home Loan to Corporates / Non Individuals

CIBIL Score

• CIBIL score preferably above 750

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

• 1 % of Limit Sanctioned.

Features

• For purchase of ready built house / flat and/or construction of house / flat by Public Limited Company / Pvt. Ltd. Company / Partnership Firms / LLP for their employees/directors/ promoters/partners of applicant.
• Takeover of existing loan from other Banks / FIs.
• The product is available for acquiring residential property within municipal area at Metro and Urban Centres only.
• The Property to be acquired will be in the name of company / firm.
• Company / Firm / LLP engaged in Real Estate Business/NBFC will not be eligible.
• Low interest rates
• Low processing charges
• Higher loan amount
• Takeover Facility
• TOP UP Facility