An innovative product of loan Use your immovable assets to your advantage!

Flexible repayment options A secure and flexible choice of loan

  • Eligibility
  • Margin
  • Loan Amount
  • Repayment
  • Others

Baroda Mortgage Loan : Eligibility

Age of the Borrower
  • Minimum-21- years
  • Maximum- present age plus repayment period should not exceed -70- years of age or retirement age (salaried person), whichever is earlier.
  • Rate of Interest CBR+4%

Salaried persons, Businessmen, Professionals, Farmers, Directors of Private/Public Ltd. Companies can avail the facility (Real Estate developers, Property Dealers/ Brokers, Share/ Stock Brokers are not eligible for this facility).

Baroda Mortgage Loan : Margin

  • 35% of the Forced Sale Value of the immovable property to be mortgaged with the bank.

Baroda Mortgage Loan : Loan Amount

Minimum Kshs. 1,000,000/-& maximum Kshs. 100,000,000 (Also in available USD)subject to following income criteria;

  • For salaried person/s :- 36- times of gross monthly income.
  • Others: -5- times of gross annual income (average of last -2- years).
  • (Total deductions including the proposed EMI/ notional installment should not exceed 60% of the gross monthly income).

Baroda Mortgage Loan : Repayment

  • Term Loan: By -120-Equated Monthly Installments (EMIs).
  • Overdrafts: -12- months subject to annual review.

Baroda Mortgage Loan : Others

  • Comprehensive Insurance of the Property to be done.
  • Credit Life coverage of the Individual borrower under Group Credit Life Mortgage Protection shall be obtained
  • Legal charges on the property.
  • Third party costs viz: Valuation fees, Legal costs & property Insurance costs etc. are to be borne by the borrower
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