Home Loan in Baroda: Overview
Baroda, also known as Vadodara, is one of the top cities of Gujarat. Baroda has several academic institutions that draw young students to the city. Aside from its popularity with the younger generation, the city’s robust infrastructural network also contributes to the ease of living.
Property prices in Baroda are budget-friendly and hence, it is a feasible destination for first-time homebuyers. If you plan on buying a residential property in the city, consider funding your venture with a Bajaj Housing Finance Home Loan.
Home Loan in Baroda: Features and Benefits
Easy Balance Transfer Facility
Borrowers with an existing Home Loan can make the most of our features and benefits by transferring the balance amount to us. Interest rates start as low as 8.50%* p.a. for salaried applicants.
Top-up Loan
When you transfer your loan balance to Bajaj Housing Finance, you not only stand to benefit from a lower interest rate and reduced EMIs, but you also get the option to avail of a Top-up Loan for housing needs.
Flexible Tenor
You can pay off your loan over a period extending up to 32 years and keep your monthly EMIs as manageable as possible.
Minimal Documentation
Our eligibility and document requirements for a Home Loan are straightforward to meet, making the approval process easy and quick.
Online Home Loan Calculators
Use our online Home Loan EMI Calculator to calculate your EMIs in advance and plan your housing loan journey.
Home Loan in Baroda: Eligibility Criteria
Prospective homebuyers who are planning to avail of a Home Loan in Baroda, need to meet the following eligibility criteria:
| Home Loan Eligibility Criteria | For Self-Employed Applicants | For Salaried Applicants |
|---|---|---|
| Age | 23–70 years** | 21 - 75 years** |
| Residential status | Indian (resident only) | Indian (including NRIs) |
| Employment status | A business vintage of at least 3 years in the current enterprise | Work experience of at least 3 years at a public/private sector company or an MNC |
**The upper age limit is considered as age at the time of loan maturity. Additionally, the upper age limit for applicants is subject to change, depending on the property profile.
Home Loan in Baroda: Documents Required
Bajaj Housing Finance requires minimal documentation to process your Home Loan. This makes it quick for you to avail of a loan. Here’s the list of documents*** that you need to keep ready for a speedy approval process:
| Salaried Applicants | Self-Employed Professionals | Self-Employed Applicants |
|---|---|---|
| Aadhaar, PAN/Driving License, etc. | Aadhaar, PAN/Driving License, etc. | Aadhaar, PAN/Driving License, etc. |
| Mandatory documents namely PAN Card or Form 60 | Mandatory documents namely PAN Card or Form 60 | Mandatory documents namely PAN Card or Form 60 |
| Salary slips (3 months), Form 16, Employee ID, etc. | P&L statement | P&L statement |
| Bank account statements (6 months) | Bank account statements (6 months) | Bank account statements (6 months) |
| Title Deed, Property Tax Receipts, Allocation Letter, etc. | Title Deed, Property Tax Receipts, Allocation Letter, etc. | Title Deed, Property Tax Receipts, Allocation Letter, etc. |
***Additional documents may be required at the time of loan processing.
Home Loan in Baroda: How to Apply
You can apply for a Home Loan in Baroda with Bajaj Housing Finance with the quick and easy steps given below:
- Navigate to the housing loan application form on the official website.
- Enter the required Home Loan amount and other personal details.
- Generate OTP and enter the requested OTP.
- Complete the rest of the application form.
- Select 'Submit' to submit the application.
Once we receive your housing loan application, our representative will get in touch with you within 24 hours* to walk you through the next steps.
*Terms and conditions apply
