Bank of Baroda presents a product for NRIs known as "Baroda Advance against Property to NRIs" to cater their financial needs against their properties situated in India.

Salient Features

• Ideal use of idle property.
  
  
• Margin: 40% of the market value of property.
  
  
• Repayment of Loan: Maximum 60 EMIs
  
  
• No prepayment charges.
  
  
• Mortgage loan from other banks can be taken over
  
  

Terms & Conditions

Eligibility:

• Non-Resident Indians (NRIs) holding Indian passport having a regular job abroad in a reputed Indian / foreign company, organization or government department.
  
  
• Must be holding a valid job contract /work permit for minimum past 2 years or employed / self-employed or having a business unit and staying abroad at least for 2 years.
  
  
• Age :
  Minimum - 21 years
  Maximum - 60 years

Limit:

• Minimum - Rs. 1 Lac
• Maximum - Rs. 100 Lacs

Income Criteria:

• Salaried: 30 times of monthly income (average)
• Others: 3 times of average (last two years) annual income

RATE OF INTEREST: (CLICK HERE FOR CURRENT INTEREST RATES).
PROCESSING CHARGES: (CLICK HERE FOR DETAILS)

For more details, kindly visit a Bank of Baroda Branch nearest to you.



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