Take advantage of Bank of Baroda’s Pre-Approved Home Loan

Discover Bank of Baroda's pre-approved home loan and get your dream home

Take advantage of Bank of Baroda’s Pre-Approved Home Loan

Eligibility Requirements:

  • Resident Indians
  • Non-Resident Indians (NRIs) holding an Indian passport
  • Persons of Indian Origin (PIOs) holding a foreign passport
  • Overseas Citizens of India (OCIs)

Loan application steps:

  • Tap the button below.
  • Fill out and sign the application form, including three photographs.
  • Provide proof of identity (PAN Card, Driver’s License, Voter ID, Passport, or Aadhar Card).
  • Submit proof of residence (Driver’s License, Ration Card, Voter ID, Passport, Aadhar Card, or registered rental agreement).
  • Provide statements from previous loan accounts, if applicable.
  • Submit proof of assets such as LIC, NSC, KVP, MF, or property.
  • Provide a statement of assets and liabilities and an ITR Verification report.
  • For salaried individuals, submit the last 3 months’ salary slips, Form 16, and last year’s tax returns.
  • For self-employed individuals, provide balance sheets and profit & loss statements for the last 2 years, tax returns for the last 2 years, and business registrations such as licenses and registration certificates.
  • For farmers, provide revenue officer certificates for the last 2 years.

Frequently asked questions:

How long does it take to get approved for a Bank of Baroda loan?

The approval process typically takes 7 to 10 business days after all required documents have been submitted.

Is it required to explain why credit is being used?

No, the Baroda Pre-Approved Home Loan does not require you to explain the use of the credit during the application.

Do I need to have a good credit score to be approved for a Bank of Baroda loan?

Yes, a good credit score is important to increase your chances of approval and to obtain better interest rates.

Can I apply for a loan if I am self-employed?

Yes, self-employed individuals can apply for the loan, provided they submit the necessary financial documentation to prove income and repayment capacity.

pageview tracking