Bank Of Baroda Home Improvement Loan

By Author: pankaj gautam
Total Articles: 17
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Due to the continuous hike in the real estate property’s prices, one of the most demanded loan products is the home loans India. Our economy has witnessed the inflation in two folds, this has made things more typical. Even small repair works for your home can completely wiope out your pocket and can straight lead you to the trouble mud.

Bank of Baroda comes up with a unique financial solution that can be used for the purpose of home improvement. This is one of the specific home loan improvement schemes that can be availed at affordable rates.
This special type of bank of Baroda home loan is a type of financial solution that can be availed for the specified purpose of repairs, renovations, improvement, and extension of home and for furniture, fittings and fixtures. In addition to it, these home loans india can also be availed for the interior decoration of your house in order to make your house the home of comfort. With the help of this you can think of buying several of the accessories for your home.

New borrowers can avail these housing finances at low home loan interest rates coup0led with flexible ...
... loan schemes. They can also enjoy free credit card that will be issued to the borrowers with loan limit above Rs. 2 lakhs.

If we talk about home loan eligibility, then, Applicants should be residents of India who singly or jointly owe a dwelling unit in their names. Minimum age of applicant should be 21 years and maximum age of the borrower plus repayment period should not be beyond retirement age. Primary applicant must have a consistent and regular source of income minimum for last three years.

Salaried person can get 2 times of gross annual income as a loan amount. Other than salaried persons i.e. professionals or self-employed or the business persons etc., can avail 3 times of net annual income as of their loan amount. As home loan is a form of secured loans, then, it requires nothing but the mortgage of the property, which is to be repaired or renovated as security.

Application process is very easy as it can be done through online modes. All you have to do is to hit the apply button and it will lead you to an online application form. Then, you are required to mention all the required details that have been asked for in the form related to your income, employment and so on.

This will make the loan processing not only faster but keep the entire procedure hassle free. In this way within few minutes you will get the instant approval and bank will consult you within few days of applying for the loan product. LIC home loan | PNB home loan