Overview
Bank Of Baroda
Bank of Baroda offers home loans starting from 8.40% for a year, with tenures of up to 30 years and loan amounts up to 20 crores. They also provide balance transfer facilities for existing home loan clients from other banks and finance companies, offering them at more favorable, lower rates.
Rate of Interest
8.40% - 10.90%
Loan to Value
80% - 90%
Loan Tenure
Max 30 Years
Max Loan Amount
Upto 20cr
| Rate of Interest | 8.40% - 10.90% |
| Loan Tenure | Max 30 Years |
| Age | Salaried/Self Employed : 21 - 70 years |
| Profession | Salaried/Self Employed |
| Income | Metro Cities : 20,000/Month & Above Other Cities : 15,000/Month & Above |
| Nationality | Resident Indian/ NRI |
| Max Loan Amount | Upto 20cr |
| Plot Purchase | |
| Independent Building | |
| Apartment | |
| Resale Property | |
| New Construction | |
| LTV | 80% - 90% |
| Home Loan | |
| Plot Cum Construction Loan | |
| Balance Transfer | |
| Overdraft Facility | |
| Top Up Facility | |
| Other Offerings | Home Improvement Loan, Home Loan to Corporates |
| Processing Fees | 0.25%-0.50% of loan amount (Rs 8,500-Rs 25,000) |
| Other Charges | For leads sourced through Digital Channel- 100% waiver in Processing charges |
| Overdraft Facilities | |
| Highlights | • Max savings under Baroda Max Savings Home loan. • Concession for Women Borrowers- 0.05% • Nil Processing fee • Easy Takeover without income documents. |
*Disclaimer: The interest rate, maximum tenure, and other charges are subject to change, it's advisable to check with our experts for the latest information.
| Loan Amount | ₹ 50,00,000 |
| Loan Tenure | 20 years |
| Rate of Interest | 8.40% - 10.90% |
| Monthly EMI | ₹ 43,075 - ₹ 51,269 |
Eligibility Criteria for Bank of Baroda Home Loan
| Criteria | Salaried Applicants | Self-employed Applicants |
|---|---|---|
| Age Range | 21 to 70 years | 21 to 70 years |
| Nationality | Indian/NRI/PIO | Indian/NRI/PIO |
| Maximum Age at Final Repayment | 70 years | 70 years |
Additional Eligibility Criteria:
- Indian residents and Non-Resident Indians (NRIs) aged 21 to 70 years.
- Co-applicants should be aged 21 to 70 years.
- Minimum Employment History: 2 years for salaried and 3 years for self-employed.
Calculate your home loan eligibility and unlock exclusive offers for you!
Bank of Baroda Home Loan Interest Rates
Interest rates significantly impact the cost of a home loan. Bank of Baroda offers both fixed and floating interest rate options, allowing borrowers to choose what suits them best:
Floating Rates
| Product | Floating Rates | Fixed Rates |
|---|---|---|
| Baroda Home Loan to Non-Staff members | 8.40% to 10.60% p.a | 10.15% to 11.60% |
| Baroda Home Improvement Loan to Non-Staff members | 8.40% to 10.60% p.a | 10.15% to 11.60% |
| Baroda Max Savings Home Loan – Above Rs.75 lakhs | 8.65% to 11.15% p.a | 10.25% to 11.60% |
| Baroda CRE Home Loan | 8.65% to 10.85% p.a | 10.40% to 11.85% |
| Baroda CRE Home Loan (Max Savings) – Upto Rs.75 lakhs | 8.65% to 11.15% p.a | 10.40% to 11.85% |
Get the best Home Loan interest rates tailored for you
If you’re looking to choose the right home loan perfectly made according to your needs, then book a call with our experts here.
Bank of Baroda Home Loan Processing Fee and Charges
Processing Fees
| Loan Slab | Processing Fee |
|---|---|
| Baroda Home Loan & Baroda Home Improvement Loan(Up to Rs 50 lakh) | 0.50% of loan amount, Max: Rs 15,000. |
| Baroda Home Loan & Baroda Home Improvement Loan(Above Rs 50 lakh) | 0.25% of loan amount, Max: Rs 25,000. |
| Baroda Home Loan Top Up | 0.35%, Max: Rs 12,500 |
| Pre-Approved Home Loan (In-Principle Sanction) | 0.25% – 0.50%, Rs 8,500 upfront. |
Other Charges on Home Loans
| Service | Charges |
|---|---|
| Prepayment Charges | NIL (Floating and fixed) |
| Penal Charges | 2% per month on defaulted installments |
| Document retrieval charges | Rs 2,000 |
| Providing document list | Rs 500 |
| Photocopies of title documents | Rs 1,000 |
| Cheque bounce charges | Rs 500 |
| Loan Revalidation Charges | Rs 1,000 per revalidation |
Documents Required for Bank of Baroda Home Loan
Before applying, it’s important to gather all the necessary documents to ensure a smooth application process. Bank of Baroda requires the following key documents:
Identity Documents
| Document Name | Salaried Applicants | Self-employed Applicants |
|---|---|---|
| Passport | ✔ | ✔ |
| Voter’s ID Card | ✔ | ✔ |
| Aadhaar Card | ✔ | ✔ |
| Driving License | ✔ | ✔ |
| PAN Card | ✔ | ✔ |
| Latest Utility Bill | ✔ | ✔ |
Income Documents
| Document Name | Salaried Applicants | Self-employed Applicants |
|---|---|---|
| Salary Slips for the last 3 months | ✔ | ✖ |
| Bank Statements for the last 6 months | ✔ | ✔ |
| Form 16 for the last 3 years | ✔ | ✖ |
| Income Tax Returns for the last 3 years | ✖ | ✔ |
| Balance Sheet and Profit & Loss A/c Statements for the last 3 years | ✖ | ✔ |
| Proof of Business Existence | ✖ | ✔ |
| Business Profile | ✖ | ✔ |
Other Documents
| Document Name | Salaried Applicants | Self-employed Applicants |
|---|---|---|
| Duly Signed Application Form | ✔ | ✔ |
| Passport-sized Photographs | ✔ | ✔ |
| Proof of Ownership of Property | ✔ | ✔ |
| Allotment Letter from Society if Flat/Apartment | ✔ | ✔ |
| Up to Date Tax Paid Receipt | ✔ | ✔ |
| Cheque for Processing Fee favouring Bank of Baroda | ✔ | ✔ |
| Latest Form 26 AS | ✖ | ✔ |
| Details of Ongoing Loans | ✔ | ✔ |
Bank of Baroda Home Loan Schemes and Top Plans
Comparison
| Feature | Regular Home Loan | Home Loan Takeover Scheme | Pre-Approved Home Loan | Home Suvidha Personal Loan | CRGFS for Low Income Housing | Max Savings Home Loan | Home Improvement Loan | Top-Up Loan | Home Loan to Corporates |
|---|---|---|---|---|---|---|---|---|---|
| Minimum Loan Amount | ₹1 lakh | ₹1 lakh | ₹1 lakh | ₹1 lakh | ₹1 lakh | ₹1 lakh | ₹1 lakh | ₹1 lakh | ₹1 lakh |
| Maximum Loan Amount | ₹10 crore | Depending on city | Need basis | Need basis | ₹8 lakh | ₹50 lakh | Need basis | Need basis | Need basis |
| Interest Rate | 8.40% to 10.60% p.a. | 8.40% to 10.60% p.a. | 8.40% to 10.60% p.a. | 10.50% p.a. onwards | 8.40% to 10.60% p.a. | 8.40% to 10.85% p.a. | 8.40% to 10.60% p.a. | 8.40% to 10.60% p.a. | 8.40% to 10.60% p.a. |
| Tenure | Up to 30 years | Up to 30 years | Up to 30 years | Up to 5 years | Up to 30 years | Up to 30 years | Up to 30 years | Up to 20 years | Up to 30 years |
| Eligible Applicants | Salaried/Self-employed | Salaried/Self-employed | Salaried/Self-employed | Salaried/Self-employed | Salaried/Self-employed | Salaried/Self-employed | Salaried/Self-employed | Salaried/Self-employed | Corporates |
| Special Features | – | Balance Transfer | Pre-Approved Loan | Personal Loan | Low Income Housing | Max Savings Feature | Home Improvement | Additional Funding | For Corporates |
Details
Bank of Baroda Regular Home Loan
- Minimum Loan Amount: ₹1 lakh
- Maximum Loan Amount: ₹10 crore
- Interest Rate: From 8.40% to 10.60% p.a.
- Eligible Applicants: Salaried/Self-employed
- Tenure: Up to 30 years
Bank of Baroda Home Loan Takeover Scheme
- Minimum Loan Amount: ₹1 lakh
- Maximum Loan Amount: Depending on the city
- Interest Rate: From 8.40% to 10.60% p.a.
- Eligible Applicants: Salaried/Self-employed
- Tenure: Up to 30 years
Bank of Baroda Pre-Approved Home Loan
- Minimum Loan Amount: ₹1 lakh
- Maximum Loan Amount: Need Basis
- Interest Rate: From 8.40% to 10.60% p.a.
- Eligible Applicants: Salaried/Self-employed
- Tenure: Up to 30 years
Bank of Baroda Home Suvidha Personal Loan
- Minimum Loan Amount: ₹1 lakh
- Maximum Loan Amount: Need basis
- Interest Rate: From 10.50% p.a. onwards
- Eligible Applicants: Salaried/Self-employed
- Tenure: Up to 5 years
Bank of Baroda CRGFS for Low Income Housing
- Minimum Loan Amount: ₹1 lakh
- Maximum Loan Amount: ₹8 lakh
- Interest Rate: From 8.40% to 10.60% p.a.
- Eligible Applicants: Salaried/Self-employed
- Tenure: Up to 30 years
Bank of Baroda Home Improvement Loan
- Minimum Loan Amount: ₹1 lakh
- Maximum Loan Amount: Need basis
- Interest Rate: From 8.40% to 10.60% p.a.
- Eligible Applicants: Salaried/Self-employed
- Tenure: Up to 30 years
Bank of Baroda Max Savings Home Loan
- Minimum Loan Amount: ₹1 lakh
- Maximum Loan Amount: ₹50 lakh
- Interest Rate: From 8.40% to 10.85% p.a.
- Eligible Applicants: Salaried/Self-employed
- Tenure: Up to 30 years
Bank of Baroda Top-Up Loan
- Minimum Loan Amount: ₹1 lakh
- Maximum Loan Amount: Need basis
- Interest Rate: From 8.40% to 10.60% p.a.
- Eligible Applicants: Salaried/Self-employed
- Tenure: Up to 20 years
Bank of Baroda Home Loan to Corporates
- Minimum Loan Amount: ₹1 lakh
- Maximum Loan Amount: Need basis
- Interest Rate: From 8.40% to 10.60% p.a.
- Eligible Applicants: Corporates
- Tenure: Up to 30 years
How to Apply
Tracking your Bank of Baroda home loan application status is straightforward and helps you stay updated on your loan approval process.
- Check Eligibility: Verify that you meet the eligibility criteria for your selected loan product.
- Collect Documents: Gather all the required documents.
- Visit a Local Branch: Visit your nearest Bank of Baroda branch and fill out the application form.
- Submit Documents: Submit your application along with the required documents.
- Application Review: The bank will review your application and documents.
- Loan Approval: Upon approval, your loan will be sanctioned, and you can start your homeownership journey.
Do not want to get into this hassle? Get Bank of Baroda’s best rates in a single call.
Bank of Baroda Customer Care
To facilitate effective communication with customers, in addition, Bank of Baroda offers various channels for customer support.
| Contact Method | Details |
|---|---|
| Email ID | cs.ho@bankofbaroda.com |
| Phone Number | (0265) 2316792 |
| Text Message (Missed Call) | 8468001111 (Balance Inquiry) 8468001122 (Mini Statement) 7799022129 (Toll-Free Number of Central Registry for CKYC ID) |
| Official Address | Bank of Baroda-Head Office Principal Nodal Officer (General Manager) Baroda Bhawan 7th Floor, R.C Dutt Road Vadodara- 390007 (Gujarat) |
| Website | Baroda Home Loan |
Comparison
You can also compare the home loan rates of different banks here. For detailed comparison between top banks you can visit our compare banks page.
| Bank | Up to Rs. 30 Lakh | Above Rs. 30 Lakh to Rs. 75 Lakh | Above Rs. 75 Lakh |
|---|---|---|---|
| SBI Bank | 8.5% p.a. onwards | 8.5% p.a. onwards | 8.5% p.a. onwards |
| HDFC Bank | 8.7% p.a. onwards | 8.7% p.a. onwards | 8.7% p.a. onwards |
| LIC Bank | 8.50% – 10.35% p.a. | 8.50% – 10.55% p.a. | 8.50% – 10.75% p.a. |
| ICICI Bank | 8.85% p.a. onwards | 8.85% p.a. onwards | 8.85% p.a. onwards |
| Kotak Mahindra Bank | 8.70% p.a. onwards | 8.70% p.a. onwards | 8.70% p.a. onwards |
| Punjab National Bank | 8.40% – 12.10% p.a. | 8.40% – 12.10% p.a. | 8.40% – 12.10% p.a. |
| Bank Of Baroda | 8.40% – 10.65% p.a. | 8.40% – 10.65% p.a. | 8.40% – 10.90% p.a. |
| Bajaj Housing Finance | 8.50% p.a. onwards | 8.50% p.a. onwards | 8.50% p.a. onwards |
| Axis Bank | 8.75%-13.30% p.a. | 8.75%-13.30% p.a. | 8.75%-9.65% p.a. |
| Bank of India | 8.4% p.a onwards | 8.4% p.a onwards | 8.4% p.a onwards |
| TATA Capital | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards |
The maximum tenure for the home loan is 20-30 years (but the tenure of the loan can also change based on the scheme.)
Offers both fixed and floating interest rate options for home loans. With a fixed rate, the interest remains constant throughout the loan tenure, while with a floating rate, it fluctuates with the market condition.
BOB determines the interest rate by considering factors such as the loan amount, loan tenure, CIBIL score, and the type of interest rate (fixed or floating) chosen by the borrower. Additionally, the borrower’s financial profile and repayment capacity may also influence the final rate.
You can easily calculate the EMI by using any online EMI calculator; moreover, it provides quick and accurate results to help you plan your finances better.