20 Lakh Home Loan Bank of Baroda

Looking for a way to finance your dream home? Bank of Baroda offers a home loan of 20 Lakh with a maximum tenure of 30 years. Whether you're looking to buy a house, purchase a plot and construct a home, or renovate your existing property, the Bank of Baroda's 20 Lakh home loan has got you covered. With flexible repayment options and competitive interest rates, you can make your dream home a reality without any financial burdens.

20 Lakh Home Loan Bank of Baroda – Highlights 

20 Lakh home loan emi for 10 years Bank of Baroda

Using a 20 Lakh loan emi calculator of Bank of Baroda can help you estimate the exact EMI plan suitable for you. EMI plans are subjective to approved interest rates, tenure and other additional conditions. However, here are some general projections of EMI for a 20 Lakh home loan from the Bank of Baroda.

20 Lakh home loan emi for 10 years Bank of Baroda at a floating rate of 8.40%.

20 Lakh home loan emi for 10 years Bank of Baroda at a fixed rate of 10.15%.

20 Lakh home loan emi for 20 years Bank of Baroda

20 Lakh home loan emi for 20 years Bank of Baroda at a floating rate of 8.40%.

20 Lakh home loan emi for 20 years Bank of Baroda at a fixed rate of 10.15%.

20 Lakh Bank of Baroda home loan – Fees and Charges 

20 Lakh Bank of Baroda home loan – Documents Required 

PAN Card (mandatory for loans above Rs. 10 Lakhs)

Proof of Identity

Proof of Residence

Proof of assets for secured loans

Concerned Property Documents

Additional Documents for Salaried

• Latest 3 months’ Salary Slips & latest 1-month salary slip for Guarantors.
• Form 16 & ITR – last 1 year of Applicants & Guarantors (if applicable).
• Copy of Employee identity Card issued by Employer.
• Appointment/Promotion/Increment letter confirming duration of employment.
• 6 months Bank A/c statement

Additional Documents for Self-employed

• Balance Sheet & Profit & Loss A/c, Computation of Income – Last 2 years
• Last 2 years’ IT Returns
• Business proof, such as a registration certificate or service tax registration.
• IT Assessment / Clearance Certificate, Income Tax Challans / Form 16A / Form 26 AS for income declared in ITR.
• Firm’s PAN card, Address Proof of Firm / Company (for partnership business)

Additional Documents for NRI

• Passport with Visa stamped (mandatory)
• Proof of Indian and Abroad address
• NRE Savings Bank statement of account for the last 6 months

20 Lakh Bank of Baroda home loan – Eligibility Criteria 

The criteria set for 20 Lakh home loan eligibility in Bank of Baroda is strict, with less scope of flexibility, except for some special cases.

Resident Type:

• Resident Indians
• NRIs holding Indian passports
• PIOs holding foreign passports
• Overseas Citizens of India

Minimum Age:

• Applicant: 21 Years
• Co-applicant: 18 Years

Maximum Age: 

70 years

Maximum Loan Amount Eligibility:

• Mumbai: Rs. 20 Crores
• Hyderabad, New Delhi (including National Capital Region) and Bengaluru: Rs.7.50 Crore
• Other Metros: Rs. 5.00 Crores
• Urban Areas: Rs. 3.00 Crores
• Semi-urban and Rural: Rs. 1.00 Crores
• Chandigarh, Panchkula & Mohali: Rs. 5 Crores