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.