15 Lakh Home Loan Bank of Baroda

Bank of Baroda offers home loans of up to 15 lakhs, featuring a range of benefits and choices. Eligible individuals have the flexibility to utilise the loan for purchasing or constructing a home, renovating or extending an existing property, or even purchasing a plot now and building it later. However, to access this versatile home loan, applicants must provide suitable security or collateral. The security typically includes the financed property or any other assets acceptable to the bank.

Urban Money presents a concise guide to the Bank of Baroda's 15 lakh home loan. This guide ideally aims to equip you with comprehensive knowledge about this attractive financing option. Thus, it ultimately allows you to be well-informed and prepared for your homeownership venture without encountering any unwelcome surprises. Let’s dive in. 

15 Lakh Home Loan Bank of Baroda – Highlights

Following is a list of key parameters regards the Bank of Baroda’s 15 lakh home loan:

15 Lakh Home Loan EMI for 10 Years Bank of Baroda

The following are the 15 lakh home loan EMI in Bank of Baroda for a 10-year loan tenure:

15 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:

15 Lakh Bank of Baroda Home Loan – Fees and Charges 

Here are the applicable fees and charges for the Bank of Baroda’s 15 lakh home loan:

15 Lakh Bank of Baroda Home Loan – Documents Required

Here are the required documents you may submit for Bank of Baroda’s 15 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.

15 Lakh Bank of Baroda Home Loan – Eligibility Criteria

Following are the 15 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.