There are two ways to apply for home loan in Bank of Baroda

The first is that you can go to any of your nearest Bank of Baroda Branch and apply for Home Loan there.
The second option is for you that you can go to any portal through online and apply for home loan in
Bank of Baroda there, you can apply for Home Loan from GRD India financial services Pvt. Ltd. By visiting
www.grdindia.in. We are the service provider to the clients as per their requirements. We work as a
coordinator between bank and the client.

To apply easy home loan online:-

-First of all you have to login to the official website of Bank of Baroda or you can go to www.grdindia.in
to application.
-After that you have to go to the loan section and select the home loan.
-After that you have to check whether you are eligible for the loan or not.
-If you are eligible for the loan, then you have to upload your documents in it.
-After that your loan will be approved and you will get the loan amount in your account.
-You can get a call from agent also, ask them for your requirements to get best services.

Before applying for a loan, pay attention to some important things that can be of benefit to you.

1. Eligibility

What is Home Loan Eligibility?

The bank considers several such factors to assess whether you can afford and repay the loan on time.
Home loan eligibility is nothing more than an assessment of your loan repayment capacity. These
include your age, your income, your credit score, the type of loan you are applying for, etc. Based on
these factors, the bank determines the maximum loan amount that you can avail. These few factors also
help you in getting a lower interest rate on your home loan.
Home Loan Eligibility Based on Age
Generally, you must be at least 21 years of age to apply for a loan to the bank. Your age is another
important housing loan eligibility factor that banks consider. Also, you should not be more than 65 years
of age at the time of last EMI repayment.
Your Credit Score and Financial Management
Your credit score is probably the most important of all the home loan eligibility criteria.
If you had a credit score of more than 775 points out of a possible 900 points to get a generally low
interest home loan. If your credit score is in the range of 701-774, the bank may even accept your loan
request, but you may be charged higher interest.

2. Document submission

You have to provide your required documents like your ID, age and income proof documents etc.
After you have a rough idea of ​​the loan amount that you will get, you are able to proceed to the next
step of the home loan application process. You have to fill the loan application form or you can fill the

online form directly through the bank's website. You have to provide your personal and financial details,
based on which the bank confirms your maximum loan amount for which you are eligible.
Your employment details
It also asks you to provide documents like your offer letter, monthly income statement and salary slip
etc. to determine your eligibility. These documents help the bank to evaluate the reputation of your
employer and decide the loan amount and interest rate you can get.
Usually, the bank consults your employer to assess your employment claim.

List of Documents Required for Home Loan

The proof is needed to verify your identity and assess your creditworthiness before a bank approves it.
You must ensure that you provide all the documents required for the home loan as mentioned in the
loan application form.

Necessary Documents Required for Housing Loan:-

- Duly filled and signed home loan application form
- 2 Passport size photographs
- Your identity proof document could be your PAN or Aadhaar Cards, passport, driver’s license, or voter
ID card.
- A copy of your age proof, could be your PAN or Aadhaar Card, passport.
- Address proof document could be your, Aadhaar Card, passport, driver’s license, bank passbook, utility
bills etc.
List of Documents Required from Salaried Applicants
You need to provide all of the Housing Loan documents mentioned above & also have to give a few
additional, income-specific documents.
- Form 16
- Experience letter from your employer certifying your employment status.
- Salary slips last 3-6 months.
- IT Returns of last three years.
- Account statement showing credit of salary.

List of Documents Required from Self-employed

These applicants also need to provide additional documents certifying there source of income:-
- Address proof of business.
- Filed tax returns of past three years.
- Company Balance Sheet, showing Profit and Loss Statements, attested by a Chartered Accountant.
- Business license/professional practice (for doctors, lawyers, etc.) document.
- Current bank Account statement.

3. Loan disbursement

Depending on the type of home loan you have applied for, the money will be disbursed to you or the
builder. At the final stage of the home loan application process, the bank disburses the loan amount.
This bank determines when and how much money will be given to you. Once the money comes in the
bank, your loan will start and it ends till the last EMI.

Tips to Enhance Your Home Loan Eligibility

- Repay of your Any Existing Loans
- Apply for a loan jointly with a Co-Applicant
- Opt For A Longer Tenure loan