45 Lakh Home Loan Bank of Baroda

Owning a house is everyone's dream, and Bank of Baroda helps you achieve it with their Home Loan. You can apply for a Bank of Baroda 45 Lakh home loan for purchasing a house plot, or for renovation purposes. The bank offers low interest rates, minimal processing charges, and longer tenures to ease your financial burden. Additionally, you will get a free credit card and the option for easy top-up loans. So, make your dream of owning a home a reality with Bank of Baroda's Home Loan.

45 Lakh Home Loan Bank of Baroda – Highlights 

45 Lakh home loan emi for 10 years Bank of Baroda

Here are some general projections of EMI for a 45 Lakh home loan from the Bank of Baroda.

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

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

For a Home Loan availed at a different interest rate, you can calculate the exact EMI using the  45 Lakh loan emi calculator of Bank of Baroda.

45 Lakh home loan emi for 20 years Bank of Baroda 

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

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

45 Lakh Bank of Baroda home loan – Fees and Charges 

45 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

45 Lakh Bank of Baroda home loan – Eligibility Criteria 

The criteria set for 45 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

Age:

• Minimum Applicant Age: 21 Years
• Minimum Co-applicant Age: 18 Years
• Maximum Age at Loan Maturity: 70 years

Maximum Loan Amount Eligibility:

• Mumbai: Rs. 25 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