60 Lakh Home Loan Bank of Baroda

Acquiring a house involves significant costs. Particularly, if you want to build a residence as magnificent as your dreams, financing a substantial amount, like 60 lakhs, is crucial. In such cases, the Bank of Baroda's 60 lakh home loan emerges as a trustworthy option, featuring a range of benefits and choices. Eligible candidates can typically enjoy advantages such as a lower interest rate, flexible repayment terms, minimal documentation, and quick fund disbursal. Moreover, since the application process has been digitalised, you can check your eligibility and apply for a loan via the Urban Money website. This streamlined process enables you to complete the entire loan application within 10 to 15 minutes, eliminating the need to visit bank branches. To learn more about this borrower-friendly financing option, let's scroll down.

60 Lakh Home Loan Bank of Baroda – Highlights

Let’s take a look at a list of key parameters regards the Bank of Baroda’s 60 lakh home loan:

60 Lakh Home Loan EMI for 10 Years Bank of Baroda

Following are the 60 lakh home loan EMI in Bank of Baroda for a 10-year loan tenure:

60 Lakh Home Loan EMI for 20 Years Bank of Baroda

Following are the estimated 60 lakh home loan EMI for 20 years Bank of Baroda:

60 Lakh Bank of Baroda Home Loan – Fees and Charges

Let’s examine the applicable fees and charges for the Bank of Baroda’s 60 lakh home loan:

60 Lakh Bank of Baroda Home Loan – Documents Required

Following are the required documents you may submit for Bank of Baroda’s 60 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.

60 Lakh Bank of Baroda Home Loan – Eligibility Criteria

Following are the 60 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.