Bank of Baroda Home Loan in Jammu

About Bank of Baroda Home Loan Jammu

Jammu, a hilly location in the state of Jammu & Kashmir, is a perfect place to buy a home, isn’t it. The spectacular scenery drives everyone out there to have their own home. Thanks to lenders like Bank of Baroda (BoB), they can do that without pinching their wallet. Now when the bank has cut down the interest rates to an industry low of 8.35% per annum for individuals with a CIBIL score past 760, the temptation to choose the home loan offer of BoB is ever so irresistible. Screen through the details below.

Bank of Baroda Home Loan Jammu at a Glance

ParticularsDetails
Interest Rate8.50% - 9.50%
Loan AmountAbout 75%-90% of the property value
Processing Fee0.25%-0.50% of the loan amount
Minimum Value- ₹7,500
Maximum Value- ₹20,000
Prepayment ChargesNIL

Eligibility Criteria

Check out the eligibility criteria that are sought by Axis Bank to approve your home loan application in Jammu.

  • Salaried and self-employed with a minimum age of 21 years are eligible to apply for a home loan. At the same time, both salaried and self-employed need to make sure they are not over 60 years at the time of loan maturity.
  • A stable source of income is a prerequisite. While salaried needs to be working for a minimum of 2-3 years, self-employed must remain in the same line of business for atleast 2-3 years.

Documentation

The bank would ask you to submit few documents pertaining to identity, address, residence and the property. This is an important job on your part as any negligence could make it tough for the bank to sanction you a home loan in Jammu. So, here check out  the documents as stated below to avoid the unfortunate incident of application rejection by BoB.

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ProductsSalariedSelf-employed
Home LoanIdentity Proof- PAN Card/Passport/Voter ID/Driving License/Aadhaar Card

Address Proof-Utility Bill/Passport/Aadhaar Card/Voter ID

Income Proof-Latest Salary Slips & Form 16 for Salaried


Bank Account Statement for the Last 6 Months

Track of any other loans, if any

Property details such cost estimate of construction
Identity Proof- PAN Card/Passport/Voter ID/Driving License/Aadhaar Card

Address Proof-Utility Bill/Passport/Aadhaar Card/Voter ID

Profit & Loss A/C Statement & Audited Balance Sheet for the Last 3 Years

Bank Account Statement for the Last 6 Months

Track of any other loans, if any

Property details such cost estimate of construction

Seeking more information? Visit Home Loan Jammu

Bank of Baroda Home Loan Jammu Branches

Get ready to run all the way to file your home loan application at your nearest BoB branch in Jammu by following the list below. It shows the information regarding the address, IFSC Code, MICR Code, as well as the contact details to let you visit the branch without any problem. Take a look below and find the nearest one to submit your application.

Branch NameComplete AddressIFSCMICRContact Detail
Gandhi NagarGandhinagar Branch, Gole Market, Jammu Tawi, Gandhi Nagar, Jammu-180004BARB0GANJAM1800120020191-2451481, 2437572
Purani MandiPurani Mandi, Jammu Tawi Jammu-180001BARB0JAMMUX1800120010191-2579412
NarwalOpposite PHP Pumping Station, Near Narwal Chowk, Narwal, Jammu, Jammu & Kashmir-180006BARB0NARJAM1800120030191-2474143

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