Are you paying high-interest rates on your current home loan? It’s time to make the smart switch with Bank of Baroda Home Loan Balance Transfer. Transfer your existing home loan to BOB and enjoy lower interest rates, flexible terms, and the convenience of managing everything in one place. Let Credit Dharma help you save more on your EMIs while you continue your journey to homeownership.
Bank of Baroda Home Loan Balance Transfer Highlights
Here’s a quick overview of the key features—interest rates, loan amounts, and fees—so you can decide if the home loan is the right choice for you.
| Aspects | Highlights |
|---|---|
| Interest Rate | 8.00% p.a. onwards |
| Loan Tenure | 30 Years |
| Loan Amount | Mumbai: ₹20 Crore Hyderabad, New Delhi & Bengaluru: ₹7.5 Crore Other Metros: ₹5 Crore Tri-City (Chandigarh, Panchkula & Mohali): ₹5 Crore Urban Areas: ₹3 Crore Semi-urban & Rural: ₹1 Crore |
| Processing Fees | ₹8,500 |
Suggested Read: Bank of Baroda Home Loan Account Login
Bank of Baroda Home Loan Balance Transfer Interest Rates
Check out the interest rates for home loan in 2025 to get an idea of your potential EMI and costs.
Floating-Rate Baroda Max Savings Home Loan
| Loan Limit | Borrower Type | Repo Rate + Spread | Effective Interest Rate (p.a.) |
|---|---|---|---|
| Up to ₹ 75 lakh | Salaried | BRLLR – 0.65 % to BRLLR + 0.85 % | 8.00 % p.a. – 9.50 % p.a. |
| Up to ₹ 75 lakh | Non-Salaried | BRLLR – 0.65 % to BRLLR + 0.95 % | 8.00 % p.a. – 9.60 % p.a. |
| Above ₹ 75 lakh | Salaried | BRLLR – 0.40 % to BRLLR + 1.10 % | 8.25 % p.a. – 9.75 % p.a. |
| Above ₹ 75 lakh | Non-Salaried | BRLLR – 0.40 % to BRLLR + 1.20 % | 8.25 % p.a. – 9.85 % p.a. |
Fixed-Rate Baroda Max Savings Home Loan
| Loan Limit | Borrower Type | Repo Rate + Spread | Effective Interest Rate (p.a.) |
|---|---|---|---|
| Up to ₹ 75 lakh | Salaried | BRLLR + 1.00 % to BRLLR + 1.85 % | 9.65 % p.a. – 10.50 % p.a. |
| Up to ₹ 75 lakh | Non-Salaried | BRLLR + 1.10 % to BRLLR + 1.95 % | 9.75 % p.a. – 10.60 % p.a. |
| Above ₹ 75 lakh | Salaried | BRLLR + 1.25 % to BRLLR + 2.10 % | 9.90 % p.a. – 10.75 % p.a. |
| Above ₹ 75 lakh | Non-Salaried | BRLLR + 1.35 % to BRLLR + 2.20 % | 10.00 % p.a. – 10.85 % p.a. |
Suggested Read: Bank of Baroda Home Loan Customer Care
Bank of Baroda Home Loan Balance Transfer Eligibility Criteria
Find out the basic eligibility requirements, such as age, income, and existing home loan status, before applying for a home loan.
| Criterion | Details |
|---|---|
| Target Group | Resident Indians NRIs (Indian passport) PIOs (foreign passport) OCIs Eligible BoB staff (public scheme) |
| Applicant Structure | Individuals—single or joint Non-individual entities may join as applicant/co-applicant/guarantor alongside individual borrower(s). |
| Credit Score | Minimum CIBIL score: 701. |
| Existing-Loan Track | Moratorium with current lender must be over; at least 12 EMIs already paid. |
| Repayment Record | Satisfactory repayment behaviour is mandatory. |
| Age Limits | Minimum: 21 yrs (borrower), 18 yrs (co-applicant). Maximum: up to 70 yrs |
Suggested Read: Bank of Baroda LAP
Bank of Baroda Home Loan Balance Transfer Processing Fee
Understand the processing fees involved so you can factor them into your overall cost when opting for a home loan.
| Product | Processing Fees |
|---|---|
| Home Loan Balance Transfer | ₹8,500 |
Suggested Read: Bank of Baroda Home Loan Repo Rate Cut
Bank of Baroda Home Loan Balance Transfer Other Fees and Charges
Be aware of any extra charges, such as prepayment penalties or overdue fees, that may apply to your home loan.
Suggested Read: Refinancing vs. Home Loan Balance Transfer
Bank of Baroda Home Loan Balance Transfer Documents Required
Ensure you have all the necessary documents ready, from identity proof to income statements, to make the home loan application process smooth.
General Documents
| Document Category | Details / Notes |
|---|---|
| Application Form & Photos | Duly filled and signed application form + 3 photographs |
| Proof of Identity | PAN Card (mandatory for loan amounts above ₹ 10 lakh) |
| Alternate ID Proofs | Any one: Driver’s Licence / Voter ID / Passport / Aadhaar Card |
| Proof of Residence | Any one: Driver’s Licence, Ration Card, Voter ID, Passport, Aadhaar Card, or Registered Rent Agreement |
| Previous Loan Evidence | Last 1-year loan a/c statement and sanction letter. (If the loan is from BoB, also provide Account No. & Cust ID) |
| Proof of Assets | Documents for LIC, NSC, KVP, Mutual Funds, Property, etc. |
| Assets & Liabilities Statement | Comprehensive current statement |
| ITR Verification Report | Latest Income-Tax-Return verification report |
Income Proof for Salaried
| Salaried Individuals – Required Income Documents |
|---|
| Latest 3 salary slips (plus 1 slip for each guarantor, if any) |
| Form 16 + ITR (past 1 year) |
| Employee ID card copy |
| Appointment / promotion / increment letter |
| 6-month salary-account statement(or simply BoB A/c No. if already banking with BoB) |
Income Proof for Self Employed
| Self-Employed / Professionals – Required Income Documents |
|---|
| Balance Sheet, Profit & Loss A/c, and income computation (last 2 years) |
| ITR + Form 26AS (last 2 years) |
| Business proof – Gumasta licence, registration certificate, GST/Service-Tax, etc. |
| Tax assessment / clearance orders, challans, TDS certificates (Form 16A) |
| Additional if Partnership / Pvt Ltd: |
| • Firm’s PAN & address proof |
| • MoA & AoA |
| • Audited results + ITR (last 2 years) |
| • Current A/c statement (last 1 year) |
Balance Transfer Documents
| Additional Documents for Take-over from Other Bank/FI |
|---|
| Existing loan A/c statement (last 12 months) |
| Acknowledged list of property documents submitted to the current Bank/FI |
| Sanction letter from the existing lender |
| Foreclosure letter (if available) |
Suggested Read: Role of Credit Score in Home Loan Balance Transfer Approval
How to Apply for Bank of Baroda Home Loan Balance Transfer?
The application process is easy—simply fill in your details, upload the required documents, and get started on your loan.
Time needed: 5 minutes
- Visit the official Bank of Baroda website.
- Go to the Home Loans section and select “Baroda Home Loan Takeover.” Click “Apply.”
- Fill Out Personal Details
a. Enter your Full Name and Email ID in the provided fields.
b. Select your Preferred Branch, including State, City, and Address. - Upload Documents
Upload scanned copies of your KYC documents, income proofs, and property documents.
- Submit Application
a. Agree to the terms and conditions by ticking the box.
b. Click on ‘Submit’ to finalize your application.
Suggested Read: How Home Loan Balance Transfer Reduces EMIs into Half
Compare Top Banks Home Loan Balance Transfer Interest Rates 2025
Explore home loan top-up offers from different banks to find the best deal that fits your needs.
| Bank | Transfer Rate |
|---|---|
| SBI | 8.50% p.a. onwards |
| HDFC Ltd | 8.75% p.a. onwards |
| LIC Housing Finance Ltd | 9.10% p.a. onwards |
| Axis Bank | Contact the bank |
| Bank of Baroda | 8.85% p.a. onwards |
| Canara Bank | 8.80% p.a. onwards |
| Union Bank of India | 9.00% p.a. onwards |
| IDFC First Bank | 8.85% p.a. onwards |
| Federal Bank | 8.80% p.a. onwards |
| Karur Vysya Bank | 9.00% p.a. onwards |
| Tamilnad Mercantile Bank | 9.45% p.a. onwards |
Conclusion
Credit Dharma is your trusted partner for securing the best Home Loan offers, with over ₹500 Cr+ loans handled and partnerships with 20+ leading banks. We provide exclusive access to the lowest interest rates and a seamless, digital process with fast approvals in just 1-2 weeks, backed by lifetime support from our home loan experts.
Why choose Credit Dharma? We provide:
- Lowest Interest Rates: Save more with every EMI.
- Maximum Funding: Get up to 100% funding for your dream home.
- Simple & Digital Process: No tedious paperwork or branch visits.
- Expert Guidance: Lifetime support from our team of specialists.
Compare, choose, and secure the best Home Loan offer with Credit Dharma — your home loan journey starts here!
Frequently Asked Questions
Most lenders require you to have paid EMIs for at least 12 to 18 months before applying for a balance transfer.
A CIBIL score of 700 or above is generally preferred, though some lenders may consider lower scores on a case-by-case basis.
Common documents include proof of identity, address, income, property documents, and a statement of the existing loan.
The process can take anywhere from 15 to 20 days, depending on the lenders involved and the complexity of the case.
Yes, loans with co-applicants can be transferred, provided both parties meet the eligibility criteria of the new lender.
Yes, but the remaining applicant must meet the eligibility criteria and assume full responsibility for the loan.
Yes, you can switch from a fixed-rate to a floating-rate loan or vice versa, depending on the new lender’s offerings.
Many lenders offer top-up loans during a balance transfer, which can be used for home renovation, education, or other personal needs.
HDFC Home Loan
SBI Home Loan
