Bank of Baroda

Personal > Loans > Baroda Mortgage Loan

Branch Locator
Application Forms
Important Links

Deposits  |  Gen-Next  |  Loans  |  Credit Cards  |  Debit Cards  |  Services  |  Lockers

Baroda Mortgage Loan

Bank of Baroda brings to you an innovative combination of a loan and over draft facility with flexible repayment options against the security of your immovable property.

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. 2.00 lacs

  • Maximum areas

    • Rural areas: Rs.25 lacs
    • Semi Urban Branches:Rs.3.00Crores
    • Urban Branches: Rs.5.00 Crores
    • Metro Branches: Rs.10. Crores

  • Repayment

    • Term Loan: -120-months
    • Overdraft: -12- months

  • Easy Documentation

  • Mortgage loan from other banks can be taken over

Terms & Conditions


Salaried Employees / Professional, Self Employed & Other income tax assesses for last 3 years with a minimum gross annual income of Rs. 3,00,000/-

Age: Minimum 21 years

Income Criteria:

  • Salaried:

    • GMI up to Rs.75,000/-: -30- times of GMI
    • GMI>75,000/- to Rs.3.00 lacs: -48- times of GMI
    • GMI>Rs.3.00 lacs: -60- times of GMI

  • Others:

    • GAI up to Rs.5 Lacs: -5- times of GAI
    • GAI > Rs.5 lacs to Rs.8 Lacs: -6- times of GAI
    • GAI > Rs.8 Lacs: -8- times of GAI


  • Repayment Capacity :

    • GMI up to Rs.75, 000/- : 50%
    • GMI up to Rs.75, 000/- to Rs.3.00 Lacs: 60%
    • GMI above Rs.3.00 lacs: 70%

  • Pre-payment Charges :

    • Up to -12- months -2%
    • More than -12- months: Nil


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

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

> Home Loan > Home Loans to NRIs / PIOs
> Home Improvement Loan
> Interest Subsidy Scheme For Housing The Urban Poor (ISHUP)
> Loan Against Future Rent Receivables
> Mortgage Loan
> Advance Against Securities
> Education Loan > Career Development Loan
> Car Loan > Two Wheeler Loan
> Car Loan to NRI/PIO
> Loan to Doctors > Traders Loan > Personal Loan
> Loan for financing Individuals for subscription to Public Issues /IPO
> Baroda Ashray (Reverse Mortgage Loan)
> Baroda Advance Against Gold Ornaments /Jewellries (At Urban & Metro Centres)
> Baroda Traders Loan Against the Security of Gold Ornaments /Jewellries (At Urban & Metro Centres)
> BarodaBaroda Additional Assured Advance (AAA) (Resident / NRIs /PIOs)
> Baroda Traders Gold Card Scheme
> Credit Risk Guarantee Fund Scheme for Low Income Housing (CRGFS)
> Baroda Premium Personal Loan

© 2017 Bank of Baroda. All rights reserved. Disclaimer For optimum view of this site you must have IE 5.0 and 1024 by 768 pixels
chic logo