Baroda Home Loan

Kamal Patencha, BA Rajkot 1
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Topics for Discussion
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Baroda Home Loan (Resident Indian/NRIs/PIOs/OCIs)
– Baroda Home Loan
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– Baroda Home Loan Advantage
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– Baroda CRE Home Loan
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Baroda Home Improvement Loan
• Baroda Top Up Loan
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Pradhan Mantri Awas Yojna (PMAY) (closed )
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Takeover/Balance Transfer of Housing/Top Up loan with relax parameters
Pre approved Loan

Baroda Home Loan
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• Target Group:
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– Resident Indians,
– NRIs, PIOs, OCI,
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– Staff Members (under public scheme)
• Eligibility of Borrowers:
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A. Resident Indian:
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1. Salaried
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2. Non Salaried
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 Exceptions:
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1. Break in service,
2. Marine Lines/ Navy/Sailor/Merchant Navy: Total salary in 12months/12
3. Pension income of Applicant/Co-Applicant is retired/VRS from defence forces
or any other job and thereafter employed/engaged in business/profession.
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• Co-Applicants: for arriving at higher eligibility.
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• List of Close Relatives:
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Spouse, Father, Mother (including Step Mother), Son (including Step Son), Son’s wife,
Daughter (Including Step Daughter), Daughter’s husband, Brother/sister (Including step
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brother/sister), Brother’s wife, sister (including step sister) of spouse, Sister’s husband,
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Brother (including step brother) of spouse.
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• Name of any other close relative, who is not a joint owner of the property, should not be
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added as co-applicant for considering higher eligibility.
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Same can be considered only if he/ she are the joint owner of property.
• In case, if the income of the owner/co-owner/s of property, is not considered for eligibility,
upper age criteria/ employment criteria will not be applicable for these applicant/co-
applicant/s.
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• AGE:
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 SALARIED
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 Minimum age
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• Applicant: Min. 21 Years & Co-Applicant: Min. 18 Years
 Maximum Age
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• Salaried: Age of the applicant/co-applicant/s (whose income are
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considering for eligibility) plus repayment period should not be beyond
retirement age.
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 Exceptions:
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A. Maximum age that can be considered beyond retirement age but upto 70 years without
deviation
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 Son/ Daughter/ Spouse who is a legal heir and preferably below 50 years of age, with
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sufficient income for servicing the loan repayment joins as Co-Applicant/Guarantor
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 Applicant pledges FDRs / NSCs / Govt. Security etc. of adequate value to ensure continuity of
income for repayment of loan installment with interest if sanctioning authority is satisfied
about the same.
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B. If the applicant is covered under any pension scheme and 40% of the pension amount is
sufficient to pay the EMI, else deposit adequate amount to reduce the loan amount.

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 OTHERS (Self-Employed/Professionals/Agriculturists & NRIs etc)
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 Age of the applicant/co-applicant/s plus repayment period should not exceed -65-
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years.
 Exceptions:
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 Son/ Daughter/ Spouse who is a legal heir and preferably below 50 years of age, with
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sufficient income for servicing the loan repayment joins as Co-Applicant/Guarantor
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or
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 Applicant pledges FDRs / NSCs / Govt. Security etc. of adequate value to ensure
continuity of income for repayment of loan installment with interest if sanctioning
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authority is satisfied about the same.

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• PURPOSE:
1. Construction/Purchase of Residential House/Flat:
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 For construction of new dwelling unit or purchasing of new Residential House/ Flat.
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 For purchase of old House/ Flat (not more than -25- years old).
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 Structural soundness: House/Flat older than 20 years but not more than 20
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years. Residual life of building should be at least 5 years more than repayment
period.
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 For House/ Flat which are older than 25 years, Regional Head may authorize such
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cases on selective basis, subject to structural sound ness of the building.
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 Expenses towards construction/renovation/enhancement and improvements is
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received the same can be considered in single application to comply with LTV
norms.
 If Loan application received separately for above expenses after sanction of Home
Loan, the same may be considered in our existing product Baroda Home
Improvement Loan only.
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2. Purchase of Residential Plot and Construction of House
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 Total Project Cost= Cost of Plot + Cost of House Constructionk
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 Construction Plan, Estimate and other relevant documents should be available.
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 Construction of House should be completed within 3 years or upto the period allowed
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by Development Authority, whichever is earlier, from the date of purchase of plot.
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 Commercial ROI for: Borrower fails to complete construction or pre-close without
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starting the construction.
 Zonal Authority can waive/refund the commercial ROI (further period of 2 years
allowed).
d aPurchase of Residential Plot of Lan only
3.
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Loan Exclusively for
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 Plot Allotted by Development Authority/Govt. Authority for construction of
House/Flat.

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4. Takeover of Home Loans from other Banks/HFSc/NBFCs/FIs, etc.
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
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O/s Balance + foreclosure fee + stamp duty for creation of mortgage
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 No any re-schedulment/restructuring during last two years.
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Market value of the property is to be considered.
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Take over of under construction property: RERA, Approved map, payment of statutory
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dues.
d aHouse/Additional Construction
5.
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Extension of Existing
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 Existing Home Loan borrowers / New Borrowers / Borrowers who have availed Home
Loans from other Banks / HFCs / NBFCs/ FIs etc.

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6. REIMBURSEMENT:
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 House/Flat purchased/constructed recently (within 24 months) from own sources.
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 Reimbursement of Cost of Plot and Home Loan for Construction of House.
 Rating: HL-1, HL-2 or HL-3
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 Margin: 25%
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7.
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Home Loan for 3 Dwelling Unit:
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Any individual (Resident /NRI) owns two or more dwelling units (Houses/ Flats), singly or
jointly, then the Home Loan for the third dwelling units onwards (including Home Loan for
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purchase of plot), irrespective of the fact that whether the applicant has availed or not
any Home Loan from our/other Bank/HFC/NBFCs etc. for previous dwelling units, is to be
considered under ‘Baroda CRE Home Loan’ Scheme.

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• Area of Operation:
 Location of the property to be purchased
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Place of work/business of the applicant
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 Place of present/permanent residence of the applicants
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Branch maintaining salary/NRE account.
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• Maximum Loan amount (Ticket size):
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financing branch
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Based on the area of the property to be purchased, irrespective of the classification of the
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Mumbai
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Other Metro
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(Hyderbad, New delhi,
Rs. 7.50 Crore
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Bengaluru)
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Urban Areas Rs. 3 Crore
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Semi-Urban and Rural Rs. 1 Crore
Tri City Chandigarh Rs. 5 Crore
Region (Chandigarh,
Panchkula Mohali)
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• REPAYING CAPACITY:
 SALARIED (Resident/NRI/PIO)
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Average of last 3 months’ GMI (Gross Monthly Income).
Deductions to be considered from the last Month’s GMI.
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Monthly Income Total Deductions not to exceed (including proposed
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EMI )
Up to Rs.20,000/-
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More than Rs.20000/- and up to Rs. 50000/- 60%
50000/- to 200000/-
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200000/- to 500000/- 70%
Rs 500000/- and above 75%

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 Others: Resident/NRI/PIO (Self-employed/ Professionals / Agriculturists etc.):
• Average of last 2 Years’ Gross Annual Income.
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• Deductions to be considered from the last years Gross Annual Income.
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Annual Income Total Deductions not to exceed
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Up to Rs. 6 Lacs 70%
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Above Rs.6 Lacs 80%
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 The payment of all type of Life Insurance Premiums (except premiums of Unit Linked
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Insurance Plan - ULIP) irrespective of Insurance Company issuing the policy need not be
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considered for deduction.
 If agriculture/other regular income (exempted/ taxable) is declared in the IT return, the
same can be considered for eligibility.
 Consideration of Depreciation for computing income.

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• Margin Norms & LTV Ratio:
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Loan Amount Margin LTV Ratio
Home Loans up to Rs.30 Lacs
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Above Rs.30 Lacs up to Rs.75 Lacs 20% 80%
Above Rs.75 Lacs
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 GST, Stamp duty, Registration charges, other documentation charges and other expenses like Life Insurance
premium etc. should NOT be included in the cost of house property to calculate margin/LTV ratio.
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 However, where cost of the House/ dwelling unit does not exceed Rs.10 Lacs, Branches may add these
expenses to the cost of house for the calculation of Margin & LTV Ration.
 LTV for 30.00 lacs to 100.00 lacs allowed up to 90% subject to charged additional ROI of 0.25% (scheme up
to 31.03.2022)
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• Repayment Period: Maximum 30 Years
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• Moratorium Period:
 Maximum 36 months as under-
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 18 Months For House and Building under construction upto 7 th Floor, thereafter additional 6 months per
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floor subject to Maximum 36 months.
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Baroda Home Loan Advantage
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 The Home Loan linked with Saving Bank Account.
 The rate of interest applicable on this SB account will be Zero.
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 The borrower will get the benefit of interest amount reduction in the Home Loan account to
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the extent of daily outstanding credit balance in the Savings Bank account.
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 Rate of Interest:
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 Recovery of EMI will be made by way of auto recovery from linked SB account only.
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Loan amount up to Rs.75 Lacs : ROI as applicable to regular Home Loan
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– Above Rs.75 Lacs: 0.25% over the ROI as applicable to Home Loan.
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 The actual interest debited in the Home Loan account is to be considered for issuance of
interest certificate for the purpose of income tax.

Baroda Home Improvement Loan
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• Purpose:
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– For repairs / renovation / improvement of existing House/ Flat.
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– Purchase of furniture / fixtures / furnishing / other gadgets such as fans, geysers, air
conditioners, water filters, air purifiers, heaters, desert coolers, etc.
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Maximum Loan Amount: Rs. 50 Lakhs
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Margin: 25% of project cost.
• Repayment Period:
a A 15 Years.
• Moratorium:
r o d 6 months or after 1 month after completion of repair/renovation work,

whichever is earlier.
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• Rate of Interest:
• Repaying Capacity As per Home Loan
• Security: Scheme

BARODA CRE HOME LOAN & CRE HOME LOAN ADVANTAGE
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1. Bank’s exposures to third dwelling unit onwards to an Individual will be
treated as CRE exposure
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2. Exposure under CRE exposure will attract risk weight of 100%
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3. Authority to consider CRE Home Loan
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a. 1st CRE Home Loan: bank sanctioning Authority within its DLP
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b. For 2nd CRE Home Loan: RMCC
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c. For 3rd CRE Home Loan: ZOCC
4. ROI in case of CRE home loan will be 0.25% above applicable ROI in regular
home loan.
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Baroda Home Suvidha Personal Loan (BHSPL)
 To meet following additional expenses of Home Loan borrowers:
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 Category – A
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 Group Credit Life Insurance premium having tie up with our Bank
 Group Credit Health Insurance premium having tie up with our Bank
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 Property insurance premium having tie up with our Bank
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 Category – B
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 Stamp Duty & Registration charges at the time of purchase of residential property
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 Goods & Service Tax (if applicable)
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 Club Membership Charges (only at the time of purchase of house)
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 ROI: Applicable ROI on Home loan + SP + 0.25%
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 Category – A
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LTV Ratio (Home Loan + Home Suvidha Personal Loan) upto 100% can be accepted
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 Category – B
 25% Margin on the eligible costs
Amount of Linked Home Loan (Sanction LTV Ratio (Home Loan + Home Suvidha Personal
Amount) Loan)
Upto Rs. 75.00 Lakhs 88%
Above Rs. 75.00 Lakhs 85%

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 Reimbursement can be made of costs for the purpose allowed as per product
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programme, subject to compliance of following conditions:
 The end use to be strictly ensured by sanctioning/disbursing authority.
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 The reimbursement will be allowed only within 12 months from the date of payment
of such costs.
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 Compliance of all scheme related guidelines including creation of mortgage.
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 All other scheme guidelines will remain same.
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Repayment period :-
 In case of fresh equal to new HL tenure.
• Allowed will be the residual period of existing Home Loan to the borrower.

Baroda Top Up Loan
• Purpose: Any purpose other than speculative or illegal purpose.
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• Eligibility:
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All Existing Home Loan, Staff and Ex-Staff.
The facility can also be considered when a Home Loan account is taken over from other
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banks/HFCs/NBFCs.
• Age: As per Home Loan
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• Margin:
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Outstanding Home Loan + Proposed top up loan Top up loan (Based on Realizable Value)
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LTV Ratio (Home loan + Margin
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Top up loan)
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Up to Rs. 30.00 Lacs 90% 10%
Above Rs. 30.00 Lacs & up to Rs.75.00 Lacs 80% 20%
Loan above Rs. 75.00 Lacs 75% 25%
Staff Housing Loan 90% 10%

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Limit (Ticket Size): Min. Rs. 1 Lakh
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Area
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Mumbai & New delhi
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Hyderbad, Bengaluru, Chennai &
Chandigarh
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Other Locations
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Rate of Interest :- Applicable ROI on HL +SP+0.60% (Strategic Premium -0.25%)

• Repayment Period:
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– As per the age criteria of applicant.
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– To be close within 4 years in case of pre-closure of linked home loan.
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• Valuation of Property:
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Repayment Capacity: FOIR as per Home Loan
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– Registered Sale Deed or Realizable value whichever is lower in case property acquired
within last 3 years.
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– Deviation: Realizable value is higher than Registered sale deed value and if Realizable
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value is considered.
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Can be availed maximum 5 times during entire tenure of Home Loan provided previous top up
loan account has been adjusted.
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• Top-up loan can be given only against the completed residential properties, where possession
is given to owner and valid mortgage on the property has been created in Bank’s favour.

Takeover/Balance Transfer of Housing/Top Up loan with
relax parameters
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• Income Documents: Waived
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– Minimum Cut off CIBIL Vision Score 701
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– Moratorium period must have been completed with the existing lender.
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– Minimum 12 EMIs must have been paid (For Loan to be takeover (Home/ Top-up Loan)
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Equitable Mortgage of the primary security has been created with the existing lender & possession of
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underlying security should have been obtained by the borrower.
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Satisfactory repayment behavior of the Borrower (no EMI in lst 12 months exceeded 30 Days past Due)
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Primary security of Home Loan (to be taken over) is not extended to secure any other credit facility
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other than the existing home loan.
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Proposed EMI of Home Loan & Top up Loan (if requested) both should remain upto the extent of EMI
on existing Home/ Top-up Loan with existing lender.
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Applicant Status: Non-Individual entities can be stand as applicant/Co-Applicant/Guarantor.
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– Minimum 18 EMI’s have been paid. (As against -12- months in case of Individuals)
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– There must be an Individual applicant/ co-applicant in the proposed facilities
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– The firm/ company should be incorporated for atleast 5 years.
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The firm/ company should be actively engaged in business activities for at least 2 years.
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– The firm/ companies engaged in Real Estate business are not eligible under this scheme.
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The firm/ company should be earning the cash profits for last 2 years.
Net Worth of the firm/ company should be positive.
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The firm/ company should not have slipped into SMA- 2 category during last 12 months.
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– The CIBIL of the firm/ company should be satisfactory.
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– The name of the firm/ company should not be adversely in RBI defaulter’s list, ECGC Caution list/ SAL,
Suit filed/ Non Suit filed CIBIL list CRILIC etc.
– Maximum Loan limit to be sanctioned is upto Rs. 10 Crores

Pre-Approved Credit Limit for our Liability customer
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• Modality of Pre approved Limits to liability customers:
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– transaction behavior and balance maintenance.
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– The limits are assigned for three asset products viz Home Loans, Car Loans and Personal Loans
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Though the customer is offered pre-approved limits for Home Loan/Car Loan/Personal Loan, however,
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if one of the limits is availed for a particular product, other two limits would stand withdrawn.
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Age : 25 to 50 years
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Maximum Limits : Home loan – 1.00 crs
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Repayment Period: Max age up to 60 years of applicant.
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• Repaying Capacity : Up to Rs. 20 lacs no eligibility calculation and above Rs. 20 lacs same as regular Home Loan
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• Rate of Interest:
• Margin :
As per Home Loan
• Security:
Scheme

Pre-Approved Credit Limit for our Liability customer
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Validity : Up to -3- calendar months
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No eligibility calculation loan up to
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• Home loan – 20.00 lacs
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GOLDEN JUBILEE RURAL HOUSING FINANCE
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SCHEME (GJRHF)
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1.
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Purpose: To extend financial assistance for construction /purchase (not older than 20
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years) /repairs/ extension of dwelling units in Rural Areas the population of which does
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not exceed 50000 as per 1991 census.
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2. Maximum Limit: Rs.100.00 Lacs and Rs.1.00 Lac
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Margin: 10% on project cost
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T h adnek
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Baroda Home Loan

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Baroda Home Loan

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Kamal Patencha, BA Rajkot 1

Kamal Patencha, BA Rajkot 2

Kamal Patencha, BA Rajkot 6

Kamal Patencha, BA Rajkot 7

Kamal Patencha, BA Rajkot 9

Kamal Patencha, BA Rajkot 10

Kamal Patencha, BA Rajkot 11

Rs 500000/- and above 75%

Kamal Patencha, BA Rajkot 14

Kamal Patencha, BA Rajkot 15

Home Loans up to Rs.30 Lacs

Above Rs.75 Lacs

Kamal Patencha, BA Rajkot 18

r o d 6 months or after 1 month after completion of repair/renovation work,

Kamal Patencha, BA Rajkot 19

 To meet following additional expenses of Home Loan borrowers:

Kamal Patencha, BA Rajkot 21

Kamal Patencha, BA Rajkot 22

Kamal Patencha, BA Rajkot 23

Kamal Patencha, BA Rajkot 24

Kamal Patencha, BA Rajkot 25

Kamal Patencha, BA Rajkot 27

Kamal Patencha, BA Rajkot 28

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