Bank of Baroda Mortgage Loan
Bank of Baroda Mortgage Loan - http://www.loansandcredits.in/apply-bank-of-baroda-mortgage-loan/
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Apply Bank of Baroda Mortgage Loan
Apply Bank of Baroda Mortgage Loan :- To see how a mortgage loan advance functions, envision obtaining a cash-flow to support a startup or pay for a current business’ development without swearing anything against the acquired sum.[/vc_column_text][/vc_column][/vc_row][vc_row 0=""][vc_column width="1/2"][contact-form-7 id="3155"][/vc_column][vc_column width="1/2"][vc_column_text 0=""]
Apply Mortgage Loan Features
- Loan amount from Rs 3 Lakhs to Rs 1 Crore
- Convenient loan repayment option of 36 to 120 months
- Facility to top-up existing loans
- Best rate of interest 9.5% To 13.5%
- Retailers , Manufacturers , Traders , CA’s and Professionals Anyone can Apply
- Sole proprietorship firms , Partnership firms , Pvt. , Pvt. Ltd. , Doctors Anyone Can Apply
What is a mortgage loan?
- To see how a mortgage loan advance functions, envision obtaining a cash-flow to support a startup or pay for a current business’ development without swearing anything against the acquired sum.
How to Get a Mortgage Loan Easily?
- When you apply for a mortgage loans advance in India, it is likely that you are an independently employed individual/contracted bookkeeper, specialist, legal advisor, working in a constrained/private restricted organization or an association/proprietorship firm. The most effortless route be that as it may, to apply for a business credit, is to go on the web and complete your activity in minutes.
What is mortgage loan EMI?
- The full type of EMI is Equated Monthly Installment. It is the aggregate total of cash payable to the moneylender consistently until the point when the credit has been completely returned. The EMI is figured on three fundamental criteria – credit sum, tenor and the rate of intrigue.
Loan EMI Calculator
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Key Benefits
- Ideal use of idle property - Generate additional income from an otherwise idle property.
- Withdraw money as per your need and save on interest cost.
- Deposit surplus money / regular income / salary and save interest.
- Flexibility to withdraw money deposited earlier.
- Can be availed either as overdraft or demand loan as per your need.
Eligibility
Individuals
Salaried Employees/ Professional, Self Employed & Others, who are income tax assesses for a minimum of last 3 years.
Age
- Minimum: 21 years
- Maximum: 60 years
Purpose
For any purpose except for financial speculation of any nature. Proposals from persons engaged in Real Estate Developments, Property Dealers / Brokers, Share / Stock Brokers and persons engaged in any Speculative activity shall not be considered.
Type of facility
- Term Loan / Demand Loan
- Overdraft
Margin
40% on Realizable Value of immovable properties.
Security
Mortgage of Immovable Properties
- Residential Property (House / Flat)
- Commercial property (Building / Land & Building)
- Plot of Land (not agricultural land)
Limit
- Minimum: Rs.2.00 Lacs
- Maximum: (For all category of borrowers)
- Metro branches : Rs.10.00 Crores
- Urban branches : Rs.5.00 Crores
- Semi Urban branches : Rs.3.00 Crores
- Rural branches : Rs.25 Lacs
Repayment Period
- Term Loan : 120 months
- Overdraft : 12 months; subject to annual review
Income Multipliers
Salaried
- GMI up to Rs.75,000/- : 30 times of GMI
- GMI above Rs. 75,000/- up to Rs.3.00 Lacs : 48 times of GMI
- GMI above Rs.3.00 Lacs : 60 times of GMI
Others
- GAI up to Rs.5 Lacs : -5- times of GAI
- GAI above Rs.5 Lacs up to Rs.8 Lacs : 6 times of GAI
- GAI above Rs.8 Lacs : 8 times of GAI
Income to be considered for multiplier
- For Salaried Persons : Average of last 3 months‟ Gross Monthly Income (GMI).
- For Others : Average of last 3 years’ Gross Annual Income (GAI).
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