Overview of a Home Loan in Baroda
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.
Features and Benefits of a Home Loan in Baroda
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 8.10%* 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 Tenure
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.
Eligibility Criteria for a Home Loan in Baroda
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** | 23 - 67 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.
Documents Required for a Housing Loan in Baroda
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.
Steps to Apply for a Home Loan in Baroda Online
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
FAQs
When you apply for a Home Loan in Baroda with Bajaj Housing Finance, you can expect the funds to be disbursed within 48 Hours* post document verification.
The list of documents required to apply for a Home Loan in Baroda is:
- KYC documents, such as Aadhaar Card, PAN Card, Passport, ration Card, and Utility Bills. Note that PAN Card or Form 60 are mandatory documents.
- Passport-size photographs
- Form 16/latest salary slips in the case of salaried individuals
- ITR Document/P&L Statement in the case of self-employed individuals
- Document for proof of business, with a minimum of 3 years of vintage (for businessmen/self-employed individuals only)
Note that this list is indicative.
With Bajaj Housing Finance, you can avail of a Home Loan in Baroda of Rs.5 Crore* or more, based on your eligibility.
Salaried applicants must be within the age range of 23 to 67 years**, while self-employed individuals should be aged between 23 and 70 years** to apply for a Home Loan in Baroda.
** The upper age limit is considered as age at the time of loan maturity. Additionally, the upper age limit is subject to change, depending on the property profile.
To calculate the loan amount you can qualify for with a salary of Rs.40,000, you can use our Home Loan Eligibility Calculator.
Bajaj Housing Finance offers a Home Loan in Baroda with a long repayment tenure of up to 32 years.
