2 Crore Home Loan Bank of Baroda

When it comes to getting a home loan, Bank of Baroda's 2 crore home loan stands out as a reliable choice, offering a spectrum of benefits and options. Eligible applicants typically enjoy advantages such as competitive interest rates, flexible repayment terms, streamlined documentation, and prompt fund disbursement. 

Moreover, applicants can verify their eligibility and apply for a loan quickly with the help of the digital application process available on the Urban Money website. This process takes 10 to 15 minutes to complete, negating the need for applicants to visit actual bank branches. For further insights into this borrower-friendly financing solution, please continue reading.

Bank of Baroda 2 crore Home Loan – Highlights

Here is a quick snapshot of highlights of the Bank of Baroda’s 2 crore home loan:

Bank of Baroda 2 crore Home Loan EMI for 10 Years

Following are the 2 crore home loan EMI in Bank of Baroda for a 10-year loan tenure:

2 crore Home Loan EMI for 20 Years Bank of Baroda

Following are the estimated 2 crore home loan EMI for 20 years Bank of Baroda:

2 crore Bank of Baroda Home Loan – Fees and Charges

Following are the fees and charges for the Bank of Baroda’s 2 crore home loan:

2 crore Bank of Baroda Home Loan – Documents Required

Following are the required documents you may submit for Bank of Baroda’s 2 crore home loan:

• Proof of Identity: The applicant must provide one of the following documents as proof of identity: a passport, voter ID, PAN card, or Aadhaar card.
• Proof of Address: For address proof, the borrower will need to show their Aadhaar card, passport, bank passbook, or any of the utility bills like water or electricity bills.
• Proof of Income: One will need to submit Form 16, salary slips, IT returns, balance sheet, profit and loss statements, business licence, or registration certificate, depending on whether you are salaried or self-employed.
• Proof of Property: One will need to submit any of the following – No objection certificate, sale deed, allotment letter, or agreement to sell, depending on the type and status of the property you intend to buy.

2 crore Bank of Baroda Home Loan – Eligibility Criteria

Following are the 2 crore home loan eligibility in Bank of Baroda:

• Citizenship: Prospective applicants are required to be Indian nationals.
• Age Requirement: The eligibility criteria specify a minimum age of 21 years and a maximum age of 70 years at the time of loan maturity.
• Creditworthiness: A robust credit profile is essential, necessitating a positive credit history. A CIBIL score of 701 or above is generally considered optimal.
• Income Stability: Applicants are expected to exhibit a stable source of income, whether derived from employment as a salaried individual, self-employment as a professional, or through entrepreneurial endeavours.
• Loan-to-Value (LTV) Ratio: The loan-to-value ratio must fall within the prescribed range of 75% to 90%, dependent on the type and value of the intended property purchase.