Bank of Baroda Home Loan Documents

List of Bank of Baroda Home Loan Documents For Resident Indian

Mentioned below is the list of common Bank of Baroda Home Loan Documents required for resident Indian:

• Application form: Duly filled and signed with 3 Photographs
• Proof of Identity: PAN Card (mandatory for loan application above Rs 10 Lakh/ Driving License/ Voter ID/ Passport/ Aadhar Card
• Proof of Residence: (Driving License/ Ration Card/ Voter ID/ Passport/ Aadhar Card/ Registered Rent Agreement)
• If the home loan applicant has existing loan(s), then he would need to submit account statement of those loans for last 1 year along with the sanction letter. If the loan is from Bank of Baroda, then account number or customer ID of the loan account is required.
• Proof of assets held like LIC/NSC/KVP/MF/PROPERTY
• Assets and Liabilities statement of the loan applicant
• ITR verification report

Additional documents required for Salaried Individuals:

• Latest 3 months salary slips & latest 1 month salary slip for Guarantors
• Form 16 & ITR – last 1 years of applicants & guarantors (if any )
• Copy of employee identity card provided by employer
• Appointment/ Confirmation/ Promotion/ Increment letter evidencing duration of employment
• 6 months bank account statement (Salary/ Individual) or account number if account is with Bank of Baroda

Additional documents required for Self-employed individuals/ Professionals/ Others:

• Balance Sheet & Profit & Loss a/c
• Computation of income of last 2 years
• Income Tax Returns of last 2 years for applicants, 26 AS , Traces
• Business proof : Gomasta License, Registration Certificate, Service Tax Registration, etc
• IT Assessment/ Clearance Certificate, Income Tax Challans/ TDS Certificate (Form 16A)/ Form 26 AS for income declared in ITR.
• In case of applicants engaged in business through Partnership Firm/Private Ltd. Company:
  • Firm’s PAN card, Address Proof of Firm/ Company
  • Memorandum & A.O.A of Co.
  • ITR & audited results of last 2 years of Firm/ Company
  • Current account Statement of last 1 year

Additional documents required for Agriculturalists/Farmers:

• Talati/ Gram Sevak/ Village Revenue officer certificate for previous two years income and Mamladaar’s/Block Revenue officer certificate for last year’s income.
• Land revenue records – Form 6, 7/12, 8A
• 12 months bank account statement (Individual)

List of Bank of Baroda Home Loan Documents For NRI/PIO/OCI

List of Bank of Baroda Home Loan Documents required for NRI/PIO/OCI is mentioned below:

• Duly filled and signed application form along with photograph
• Copy of passport with visa stamped.
• Proof of Residence (India & Abroad) (other than identity proof mentioned above): Driver’s License /Ration Card /Voter ID /Passport /Aadhar Card /Registered Rent Agreement
• Details (name, relation, address, contact numbers of local contact person)
• NRE savings bank statement of account for last 6 months
• Overseas bank account statement for the last 6 months (including salary account)
• Statement of accounts of all existing loan accounts for the last 1 year. For loans availed from Bank of Baroda in India, account number & customer ID should be mentioned in the application form.
• Credit check reports from Overseas Credit Bureau (if already obtained)

Also Check: Home Loan Interest Rates

Additional documents required for PIO:

A photocopy of the PIO Card or any of the under noted documents:

• Current passport indicating birth place in India/abroad.
• Indian Passport, if held earlier
• Parents or grandparents passport with details there in substantiating his claim of being a PIO

Additional documents required for Salaried NRIs:

• Copy of the employment contract (in vernacular language)
• Copies of individual income-tax returns for the last two years (India /Overseas).
• Certified copy of the latest salary slips for the last 6 months
• Copy of the identity card issued by the current employer.
• Continuous discharge certificate, if applicable.
• Copy of latest work permit.

Additional documents required for Self-employed NRIs:

• Balance sheets and profit & loss accounts of the business/ profession
• Copies of individual income-tax returns for the last three years (India /Overseas)
• A note giving information on the nature of business/ profession
• Business proof (Valid Registrations Any Two), Place of business & its proof of address.
• Continuous discharge certificate, if applicable

Also Know: Bank of Baroda Home Loan Eligibility

List of Bank of Baroda Home Loan Documents for Property

The property documents are required for ready to move-in flat/house, flat under construction or house construction. The documents may also vary from state to state.

• Sale agreement
• Blueprint (approved plan copy) P.S: Gram Panchayat approvals are not admissible by the bank if not supported by town planning approvals.
• Non-Agriculture (NA) certificate.
• Completion certificate in case of ready flat /old flat/house (if applicable)
• Commencement certificate (CC): For flat (if applicable)
• Occupancy certificate (OC): For ready flat /old flat/house (if applicable)
• Latest Tax Paid Receipt (property): For old flat/house
• Society registration certificate: For ready old flat/house (if applicable)
• Share Certificate: For old flat/house (if applicable)
• All payment receipts to builder/ seller: new & old both
• Development agreement of builder registered copy (if applicable)
• Chain of old Agreement/s (for resale flat): For old flat/house
• Title clearance report from approved advocate
• Valuation report from bank’s approved valuer

List of Bank of Baroda Home Loan Documents for Balance Transfer

• Existing loan account statement (last 12 months)
• List of documents, in respect of property submitted to bank / F.I. duly acknowledged by the bank / F.I
• Sanction letter
• Foreclosure letter (if available)