10 Lakh Home Loan Bank of Baroda

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Bank of Baroda, a prominent financial institution, offers a seamless and customer-centric home loan experience to fulfil your dream of owning a home. Eligible candidates can enjoy lower interest rates, a longer repayment tenure, quick fund disbursal, and more. Whether you are planning to purchase/construct a new home or upgrade your existing one, the bank is dedicated to making the home loan process straightforward and accessible. However, before initiating the Bank of Baroda's 10 lakh home loan application, there are certain things you should be aware of. These may include prevailing interest rates, eligibility criteria, required documents, expected EMIs, etc. Let’s scroll down and ensure that your homeownership aspiration does not disappear.

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Table of Content

1. 10 Lakh Home Loan Bank of Baroda Highlights

2. 10 Lakh Home Loan EMI for 10 Years Bank of Baroda

3. 10 Lakh Home Loan EMI for 20 Years Bank of Baroda

4. 10 Lakh Bank of Baroda Home Loan Fees and Charges

5. 10 Lakh Bank of Baroda Home Loan Documents Required

6. 10 Lakh Bank of Baroda Home Loan Eligibility Criteria

Written By

Thejus KS

A mechanical engineer turned history buff with a sprinkle of financial brilliance. Thejus’s expertise comes with a unique blend of engineering precision, timelines, and the power of numerals. He knows that numbers are the pulse of our globe. Attention to detail and extensive research are the key elements of his writing.

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Piyush Bothra

Chief Financial Officer, Square Yards

Piyush Bothra is the Chief Financial Officer at Square Yards, bringing over two decades of rich experience in finance and leadership. He is an MBA graduate from the prestigious IIM Lucknow and holds a BE in Information Technology from Sardar Vallabhbhai Patel Institute of Technology. He has played pivotal roles in scaling businesses and driving financial strategies. At Square Yards since 2015, Piyush is known for his strategic vision, strong financial knowledge, and valuable financial insights, significantly contributing to the company's growth and success.

10 Lakh Home Loan Bank of Baroda – Highlights

Let’s examine a list of key parameters regards the Bank of Baroda’s 10 lakh home loan:

Highlights
Interest Rates	From 8.40% to 10.60%
Loan Amount	Up to 90% of the property value
Loan Tenure	Up to 30 years
Eligibility	Both salaried and self-employed individuals are eligible

10 Lakh Home Loan EMI for 10 Years Bank of Baroda

The following are the 10 lakh home loan EMI in Bank of Baroda for a 10-year loan tenure:

Loan Amount	Interest Rate	Loan Tenure	EMI	Total Interest Payable	Total Amount Payment
10 Lakh	8.40% p.a.	10 years	Rs 12,345	Rs 4,81,418	Rs 14,81,418

10 Lakh Home Loan EMI for 20 Years Bank of Baroda

Following are the estimated 10 lakh home loan EMI for 20 years Bank of Baroda:

Loan Amount	Interest Rate	Loan Tenure	EMI	Total Interest Payable	Total Amount Payment
10 Lakh	8.40% p.a.	20 years	Rs 8,615	Rs 10,67,611	Rs 20,67,611

10 Lakh Bank of Baroda Home Loan – Fees and Charges

The following are the applicable fees and charges for the Bank of Baroda’s 10 lakh home loan:

Fee/Charge	Amount
Processing fee	Nil
Login fee	₹1,500 to ₹10,000, depending on the type of loan you choose.
Late payment fee	1% to 2% on the overdue amount
Prepayment fee	Nil

10 Lakh Bank of Baroda Home Loan – Documents Required

Following are the required documents you may submit for Bank of Baroda’s 10 lakh home loan:

Proof of Identity: PAN card, Aadhaar card, passport, voter ID, or driving licence.
Proof of Address: Aadhaar card, passport, bank passbook, or utility bills
Proof of Income: Form 16, salary slips, IT returns, balance sheet, profit and loss statements, business license, or registration certificate, depending on whether you are salaried or self-employed.
Proof of Property: No objection certificate, sale deed, allotment letter, or agreement to sell, depending on the type and status of the property you intend to buy.

10 Lakh Bank of Baroda Home Loan – Eligibility Criteria

Following are the 10 lakh home loan eligibility in Bank of Baroda:

You should be an Indian national with a minimum age of 21 years and a maximum age of 70 years at the time of loan maturity.
You should possess a strong credit score and maintain a positive credit history. A CIBIL Score of 701 or above is generally considered ideal.
You should have a stable source of income, either as a salaried employee or a self-employed professional or businessperson.
You should have a loan-to-value (LTV) ratio of 75% to 90%, depending on the type and value of the property you want to buy.

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