Mortgage Loans India

Hello sir I am Mahaveer and I am here as I want to get all the details of Mortgage Loan of Bank of Baroda???

[Kiran Chandar]

Bank of Baroda is an Indian state-owned banking and financial services company headquartered in Vadodara in Gujarat

It was founded on July 20, 1908

Here as per your demand I am providing you details of Mortgage Loan of this Bank

Key Benefits
Ideal use of idle property - Generate additional income from an otherwise idle property.
Withdraw money as per your need and save on interest cost.
Deposit surplus money / regular income / salary and save interest.
Flexibility to withdraw money deposited earlier.
Can be availed either as overdraft or demand loan as per your need

Salient Features
Limit:
Minimum: Rs. 1 lac

Maximum areas
Rural areas: Rs. 10 Lacs
Other areas: Rs. 300 Lacs

Repayment
Loan: Maximum 84 EMIs

Easy Documentation

Mortgage loan from other banks can be taken over

Terms & Conditions

Eligibility: Salaried Employees / Professional, Self Employed & Other income tax assesses for last 3 years with a minimum gross annual income of Rs. 60000.

Age: Minimum 21 years

Income Criteria:
Salaried: 36 times of gross monthly income
Others: 5 times of average (last 3 years) annual income

Documents Required:

Salaried
Income proof (Form 16 along with salary certificate from the employer)

Professional / Self-employed
I.T. returns for past 3 years
Latest income tax assessment order (for overdraft amount of over Rs. 5 Lacs)
Income certificate from appropriate revenue authority like Tehsilldar/BDO/SDO (for agriculturist)
Original title deeds of the property offered for mortgage
Paid receipt of latest maintenance, water tax, municipal tax and any such taxes.
Non encumbrance letter from co-op society
Permission to create Equitable Mortgage from society
Last 6 months bank statements of main bank account