Documents Required for Bank of Baroda Home Loan

Bank of Baroda has home loans with good rates, flexible terms, and simple payback plans. To apply, you will need to give Bank of Baroda some papers to prove who you are, how much you earn, and information about the property. Make sure all your documents are complete and correct so your loan can be processed quickly and approved without problems.

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Mandatory Documents Required for Bank of Baroda Home Loan

Here is the list of documents needed based on applicant type:

1. Home Loan Application Form and Photographs

  • • Duly filled and signed Bank of Baroda home loan application form
  • • Two recent passport-size photographs

2. Proof of Identity (Any One Government-Approved Document)

  • • PAN Card (mandatory for loans above ₹10 lakh)
  • • Aadhaar Card
  • • Passport
  • • Driver’s License
  • • Voter ID Card

3. Age Proof Documents (Any One)

  • • Aadhaar Card
  • • PAN Card
  • • Passport
  • • Driver’s License
  • • Birth Certificate

4. Address Proof (Any One Document Showing Permanent Address)

  • • Aadhaar Card
  • • Passport
  • • Driver’s License
  • • Bank Passbook
  • • Utility Bills (Electricity, Water, Telephone)
  • • Registered Rent Agreement

5. Income Proofs

The documents required for income verification vary depending on your employment type:

For Salaried Individuals:

  • • Latest 3 to 6 months’ salary slips
  • • Form 16 for the last financial year
  • • Employment letter from the employer confirming your employment details
  • • Bank account statements showing salary credits for the last 6 months
  • • ITR for the last 2–3 years

For Self-Employed Professionals/Business Owners:

  • • ITRs for the last 2–3 years (duly filed and assessed)
  • • Profit & Loss account and balance sheets audited by a CA for the past 2–3 years
  • • Business registration certificates or licenses
  • • Bank statements of the business account for the last 6 months
  • • Proof of business ownership (GST registration, trade licenses, etc.)

6. Property Documents

  • • Sale Agreement or Agreement to Sell
  • • Title Deed showing ownership
  • • No Objection Certificate (NOC) from the builder or society
  • • Occupancy Certificate (OC) for ready-to-move-in properties
  • • Approved building plan and layout sanctioned by municipal authorities
  • • Property tax receipt and possession certificate (if applicable)
  • • Receipts of payments made to builder/seller
  • • Commencement certificate and approvals for under-construction properties

7. Additional Documents

  • • Statement of existing loans (bank statements/sanction letters)
  • • Proof of investments or other income sources (LIC, FDs, Mutual Funds)
  • • KYC documents for co-applicants or guarantors (if applicable)
  • • For NRIs/PIOs/OCIs – Passport copies, visa status, overseas address proof, overseas bank statements, credit report

Other Major Details about Bank of Baroda Home Loans

  • Loan Amount & Tenure: Up to ₹20 crores with repayment tenure up to 30 years
  • Interest Rates: Competitive, based on loan type, borrower profile & credit score
  • Processing Fee: Nominal charges for loan application and documentation
  • Flexible Repayment Options: Choose monthly EMIs or step-up EMIs
  • Top-up & Balance Transfer: Facility available for renovation, extension, or transfer from another bank
  • Prepayment Charges: Generally waived or minimal, depending on scheme
  • Eligibility: Based on age, income, credit score, and employment type

TyTil ’s home loan guide simplifies the application process by helping you understand eligibility, calculate EMIs, and compare top loan offers. With clear criteria and a user-friendly EMI calculator, you can plan your finances effectively. Secure the best home loan for your needs and make your homeownership dreams a reality.

 

Frequently Asked Questions

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To apply for a Bank of Baroda Home Loan, you need the following documents:Identity Proof –Aadhaar Card, PAN Card, Voter ID, Passport, or Driving LicenseAddress Proof –Utility Bills, Passport, Aadhaar, or Rent AgreementIncome Proof –Salary slips (last 3months) or ITR for self-employed applicantsBank Statements –Last 6months’ bank statementsProperty Documents –Sale agreement, Title deed, and Approved building plan
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For salaried applicants

  • Last 3 months’ salary slips
  • Form 16 or Income Tax Return (ITR)
  • Bank statements for the last 6 months

For self-employed applicants:

  • IncomeTax Returns (ITR) for the last 2-3 years
  • Profit & Loss statement and Balance Sheet (certified by CA)
  • Business registration certificate
  • What property documents are required for a Bank of Baroda Home Loan?

To verify property details, the following documentsare needed:

  • Sale deed or Title deed
  • Approved building plan and property tax receipts
  • Encumbrance certificate (EC)
  • NOC from the builder or housing societysss
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A good credit score (preferably 700+) improves approval chances, but if you have no credit history, you can:

  • Apply with a co-applicant (spouse/parent)
  • Maintain a healthy financial profile with stable income
  • Provide a higher down payment to reduce risk for the bank
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  • To ensure faster loan approval, follow these steps:
  • Submit all required documents correctly and completely
  • Maintain a strong credit score (700+)
  • Choose an appropriate loan amount based on eligibility
  • Ensure the property is legally verified and all approvals are in place

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