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Baroda Top Up Loan for NRI/PIOs

Baroda Top-Up Loan is an Additional Loan facility extended to Home Loan Borrowers for any purpose except speculative/illegal purpose.

The Top-Up Loan facility is granted against the security of extension of Mortgage of House Property already mortgaged to secure Home Loans and can be availed to a maximum of 5 times during the entire tenure of Home Loan.

Existing Home Loan Borrowers whose conduct of the account is good

Purpose

  • Any purpose excluding speculative or illegal purpose

To know Rate of Interest Click here

To know Processing Charges Click here

Target Group

Existing Home Loan Borrowers whose conduct of the account is good

Eligibility of Borrower/s

Existing Home Loan Borrowers whose conduct of the account is good

Purpose of Loan

Any purpose excluding speculative or illegal purpose

Limit: Maximum Limit

Minimum Rs.1 Lac

Maximum Rs.2 Crores

Repayment Period

Maximum period upto the remaining period of Home Loan.

Repayment Capacity

Total deductions including proposed EMI should not exceed as follows

Salaried Persons

GMI less than Rs.20, 000/- 50%
GMI Rs.20, 000/- and above but less than Rs.50, 000 - 60%
GMI Rs.50, 000/- and above but less than Rs.2.00 lacs - 65%
GMI Rs.2.00 lacs and above but less than Rs.5.00 lacs - 70%
GMI Rs.5lacs and above - 75%

Others

Average Gross Annual Income (For last -2- years) up to Rs.6 lacs : 70%
Average Gross Annual Income (For last -2- years) more than Rs.6 lacs : 80%

Margin Norms & Loan to Value (LTV) Ratio

Outstanding Home Loan + Proposed Top Up Loan (Based onRealizable Value)
LTV Ratio(HL + Top- Up) Margin
UptoRs.30.00 Lakhs 90% 10%
Above Rs. 30.00Lakhs &upto Rs.75.00 Lakhs 80% 20%
Above Rs. 75.00 Lakhs 75% 25%

Age

Minimum Age : 21 years (applicant)
18 years (co-applicant)

Maximum Age : Maximum can be considered upto 70 Years *

Security

Extension of the existing mortgage of the Residential property created to secure the Home Loan.

Pre Closure Charges

Nil

Rate of Interest

Applicable ROI on Home Loan +Strategic Premium+0.50%

Unified Processing Charges

The unified processing charges include

  • Processing Charges
  • Documentation charges
  • Document Verification/ vetting charges
  • Pre- sanction Inspection (Contact Point Verification-CPV) charges
  • One-time post inspection charges
  • Advocate charges for legal opinion
  • Valuer charges for valuation
  • Bureau report charges
  • CERSAI charges
  • ITR Verification charges

To know the Processing charges Click here

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EMI Calculator

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  • Total Interest
  • Total Amount
Monthly Payment Rs. 1,977.00

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