Bank of Baroda provides a specific loan that can help individuals get financing for making additions or renovations to their residence or to residential properties owned by close relatives. This loan features low interest rates and fast approval times.
The eligibility criteria to be met in order for the institution to be able to sanction the loan include the following entities -
The financing modes allowed under the home improvement loan is a term loan.
Based on the credit-worthiness of the applicant:
The standard list of required documents for applying for this loan are mentioned as follows –
The Home Improvement Loan from Bank of Baroda is an unsecured loan that requires no guarantors or collaterals and is a really good financing option for individuals to meet any kind financing related to refurbishing their residence.
The loan period can be of 120 months and the loan processing time is very less when compared to other business or personal loans. The loan process involves minimal documentation.
Through Bank of Baroda’s website the forms can be downloaded, filled and submitted along with relevant documents at a local branch. Additionally, one could call or mail Bank of Baroda requesting an executive assistance for application process.
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