Baroda Max Savings Home Loan

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

• Nil

Features

• The Home Loan sanctioned will be linked with Saving Bank Account.
• The rate of interest applicable on this SB account will be Zero.
• Under the scheme, the borrower shall have the option to deposit all his savings in the linked SB account to avail maximum benefit of interest in the Home Loan account.
• Any credit available in the linked SB a/c at the end of the day will be counted for credit in linked Home Loan account. Consequently, the borrower will get the benefit of interest amount reduction in the Home Loan account to the extent of daily outstanding credit balance in the Savings Bank account.
• Auto recovery EMI
• Benefit of interest
• Best use of idle funds
• Linked with savings account
• Lower effective interest
• Optional life insurance
• Saving account zero RoI