Why Baroda Gujarat Gramin Bank for Your Home Loan?
Baroda Gujarat Gramin Bank home loan supported by Bank of Baroda focused on making
home loans accessible in both cities and rural areas. What makes Gramin Bank Housing Finance
Gujarat a good choice is its commitment to be fair with rates and keeping things
straightforward. You are getting a lender that listens and gives you personal help. They balance
tradition with new tech to get your approval faster and keep you in the loop. Buying your first
place? Fixing up your current home? Or looking to move your home for a better deal? Baroda
Gujarat Gramin Bank probably has something that fits you.
Baroda Gujarat Gramin Bank Home Loans
Baroda Gujarat Gramin Bank has a bunch of home loan options:
Home Purchase Loans: This loan is specialized to get money to
buy a new or used house.
Home Construction Loans: Borrow to build a house on land you
already own in a home construction loan.
Land + Construction: Buy land and build a house on it within a
set time frame.
Renovation Loans: Fix up, expand, or repair your current home
with renovation and extension loans.
Balance Transfer : Move your current home loan to Gramin Bank
Housing Finance Gujarat for better rates or service.
Furnishing Loans: Get extra money for furniture and interior
design.
Each product is designed to suit a range of borrowers including salaried
individuals, self-employed professionals, and those in non-traditional employment.
Baroda Gujarat Gramin Bank Home Loan Interest Rates
Baroda Gujarat Gramin Bank’s interest rates are among the most competitive in the region, making
home finance more affordable.
| Category |
Interest Rate (p.a.) |
Loan Amount |
Tenure |
Processing Fee |
| Salaried / Women |
From 8.60% |
Up to ₹2 crore |
Up to 30 years |
0.25% of loan amount + GST |
| Self-Employed / Others |
Up to 10.20% |
Up to ₹2 crore |
Up to 30 years |
0.25% of loan amount + GST |
Insights : Rates start at 8.60% each year, but could go up or down depending on
you and the kind of loan you get. You can pay it off over as long as 30 years, so your monthly
payments will be easy. Gramin Bank Housing Finance Gujarat will give you up to
90% of the money you need for smaller loans, and they make sure it’s affordable. The best part
is, if you have a floating rate, you don't have to pay anything extra if you want to pay it off
early. They will also tell you exactly how much they charge for processing and paperwork.
Fees and Who Can Apply
Processing Fee - It's 0.25% of what you borrow, plus taxes.
There's a lowest and highest it can be to keep things fair.
Documentation Charge - Usually pretty low, or even zero if it's a
smaller loan.
Who's Eligible -
Age: Got to be between 21 and 65 (and if you're self-employed,
you need to be under 65 when the loan's paid off).
Income: Need a stable, provable paycheck – whether you are
salaried, self-employed, or own a business.
Co-applicants : Getting someone else to apply with you (like your
spouse or kids) can help you get approved.
Experience: At least a year on the job if you are salaried, three
years if you are self-employed
Down Payment: Expect to pay 10–25% upfront, depending on the loan
size and the deal.
Baroda Gujarat Gramin Bank Home Loans: What Documents You Need
To apply, you'll need these documents:
Identity Proof : Aadhaar, PAN, Passport, or Voter ID.
Address Proof: A recent utility bill, Aadhaar, Passport, or bank
statement
Age Proof : PAN, Passport, Birth Certificate, or School Leaving
Certificate
Income Proof -
Salaried: Your last 6 months of salary slips, Form 16, and salary
account bank statements.
Self-Employed: Your last 3 years of IT returns, audited financial
statements, also some proof your business is still running.
Property Info : The agreement to sell, title deed, approved
building plans, a cost estimate, and the builder's invoice.
Photo : Your latest photo.
Processing Fee: A check for the amount they quoted you.