Bank of Baroda Home Loan for Salaried Person

Bank of Baroda’s Home Loans for salaried employees provide ready financial assistance to build one’s perfect dream home. Whether purchasing a new house, renovating an existing one or constructing it from scratch, the Bank of Baroda home loans is your best partner. Low Bank of Baroda home loans for salaried persons' interest rates ensure these loans stay affordable. Anyone with full-time employment and a consistent source of income can easily apply for the loan. 

Bank of Baroda is one of India’s most trusted public sector banks. Its home loans provide a customer-friendly, hassle-free experience. Stay tuned as we discuss the various aspects of the bank’s home loan offer for salaried employees, from eligibility criteria to interest rates and everything in between. 

Bank of Baroda Home Loan for Salaried Person – Highlights 

A home loan from the Bank of Baroda offers the following features to its borrowers. 

Bank of Baroda Home Loan for Salaried Person – Fees and Charges 

Apart from the Bank of Baroda home loan for salaried person interest rate, borrowers must pay certain additional fees and charges. Some prominent additional charges are:

1. Processing Fee: A fee ranging from 0.25%-0.50% of the loan amount is charged as the processing fee. The bank also offers further concessions to eligible customers.
2. GST: An 18% Goods and Services Tax (GST) applies to banking services like prepayments and others.
3. Other charges: Loan conversion, verification, and stamp duty charges are other charges applicable to home loans. 

Bank of Baroda Home Loan for Salaried Person – Documents Required 

Certain documents must be submitted to acquire a Bank of Baroda home loan for salaried persons. These documents are listed below. 

1. Duly filled loan application form
2. Identity Proof: Aadhar Card, Voter’s ID, Driver’s License and other documents
3. Residence Proof: Utility bills, Aadhar Card and other documents
4. Income Proof: Salary slips, Bank statements, tax filings and other documents
5. Property Papers: Letter of Allotment, Sales Deed, Title Deed, other documents

Bank of Baroda Home Loan for Salaried Person – Eligibility Criteria

The Bank of Baroda home loan for salaried person’s eligibility criteria is as follows;

1. Eligible Borrowers: Salaried Employees from public, private and other sectors.
2. Age Limit: 21-70 years
3. Residential Status: Indian residents/ Non-Resident Indians (NRIs)/ Persons of Indian Origins (PIO), Overseas Citizens of India (OCI)