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Home > Home Loan > Bank of Baroda Home Loan > Bank of Baroda Loan Against Property: Interest Rates, EMIs, and Eligibility Criteria

Bank of Baroda Loan Against Property: Interest Rates, EMIs, and Eligibility Criteria

May 6, 2025
Table of Contents

Bank of Baroda is designed to provide borrowers with a versatile financing solution for both business expansion and personal needs. With a tenure of up to 15 years and competitive interest rates starting at 10.85% p.a., this facility offers a maximum loan amount of ₹25 crore.

Bank of Baroda Loan Against Property Highlights

AspectHighlights
Interest Rates10.85% p.a. onwards
Loan Amount₹2 Crore – ₹25 Crore
Tenure15 years
Processing Fees1% of the loan amount

Also Read: A Guide to Loan Against Property

Bank of Baroda Loan Against Property Interest Rates 2025

Bank of Baroda offers loan against property at interest rates starting from 10.85% p.a. These rates vary based on factors such as CIBIL score, loan amount, occupation profile, and the specific home loan scheme you choose.

Floating Interest Rates

TenureLoan AmountInterest Rates (p.a.)
Up to 10 yearsUp to Rs 7.5 crore10.85% – 15.75%
Above Rs 7.5 crore11.10% – 16.00%
Above 10 to 15 yearsUp to Rs 7.5 crore11.35% – 16.25%
Above Rs 7.5 crore11.60% – 16.50%
Overdraft Facility: An additional 0.50% p.a. will be charged above the card rates for overdraft facilities availed under mortgage loans.
Special Takeover Scheme: A concession of 0.25% p.a. is applicable on the ROI for Baroda Mortgage Loans under the special takeover scheme.

Fixed Interest Rates

TenureLoan AmountInterest Rates (p.a.)
Up to 10 yearsUp to Rs 7.5 crore12.60% – 17.60%
Above Rs 7.5 crore12.85% – 17.85%
Above 10 to 15 yearsUp to Rs 7.5 crore13.10% – 18.10%
Above Rs 7.5 crore13.35% – 18.35%
Overdraft Facility: An additional 0.50% p.a. will be charged above the card rates for overdraft facilities availed under mortgage loans.
Special Takeover Scheme: A concession of 0.25% p.a. is applicable on the ROI for Baroda Mortgage Loans under the special takeover scheme.

Also Read: How to Increase CIBIL Score

Bank of Baroda Loan Against Property Eligibility Criteria

Before applying for a loan against property, it’s essential to understand the eligibility criteria. Here’s the essential eligibility checklist set by BOB:

Individual Eligibility Criteria

CategoryCriteria
Resident IndiansEligible Individuals: Salaried, Self-Employed, Businesspersons, Professionals, Agriculturists.
Employment/Business Experience: Min. 3 years (Break in service up to 3 months allowed).
Minimum Gross Annual Income (GAI): ₹3 Lakhs (Avg. of last 3 years, incl. co-applicant).
Non-Resident Indians (NRIs)Eligible Individuals: NRIs (holding an Indian passport) with a regular job abroad in a reputed Indian/foreign company, organization, or govt. department.
Job/Business Requirements: Valid job contract/work permit for past 2 years, must have stayed abroad for at least 2 years.
Minimum GAI: ₹5 Lakhs (Avg. of last 3 years, incl. co-applicant).
Mixed Applicants (Resident + NRI)Combined minimum GAI: ₹5 Lakhs.

Co-Applicant Rules

CategoryDetails
Close RelativesCan be co-applicants for higher eligibility (ownership not mandatory).
Non-RelativesCan be co-applicants only if they are owner/joint owner of the collateral property.
Income ConsiderationIf the property owner’s income is not considered, they must still be a co-applicant (age/employment rules won’t apply).
List of Close Relatives: Spouse, Father, Mother (incl. Step-Mother), Son (incl. Step-Son), Son’s Wife, Daughter (incl. Step-Daughter), Daughter’s Husband, Brother/Sister (incl. Step-Brother/Sister), Brother’s Wife, Sister’s Husband, Spouse’s Siblings (incl. Step-Siblings).

Age Criteria

CategoryMinimum AgeMaximum Age
All Applicants21 years60 years
Salaried Individuals–Age + Loan Tenure ≤ Retirement Age
NRIs & Others–Age + Loan Tenure ≤ 65 Years

Loan Purpose

Permitted PurposesExclusions
Any purpose except financial speculationReal Estate Developers, Property Dealers/Brokers, Stock Brokers, and Speculative Activities.
Purchase of Commercial Property (T&Cs apply)–

Bank of Baroda Loan Against Property Documents Required

For Individuals

Document TypeRequirements
Application FormDuly filled and signed by applicant/guarantor (Separate Form No. 135 not required)
PhotographsTwo passport-size photos of applicant/co-applicant/guarantor
Bank StatementLast 6 months’ bank account statement
Personal Identification Proof (Any One)Photo ID issued by employer, Electoral ID, Passport, Driving License, PAN Card, Aadhaar Card
Residential Address Proof (Any One)Electricity Bill, Telephone Bill (Landline), Electoral ID, Passport

For Salaried Class

Document TypeRequirements
Salary SlipsLast 3 months with breakup, attested by employer and countersigned by applicant
Income ProofIT Returns + Form 16 for last 3 years

For Agriculturists

Document TypeRequirements
Income CertificateFrom appropriate authority (Tehsildar/SDO/BDO)

For Others

Document TypeRequirements
Income ProofIT Returns for last 3 years (duly acknowledged by IT authorities)

For Self-Employed/Professionals

Document TypeRequirements
Financial StatementsBalance Sheets & Profit & Loss Accounts for last 3 years (certified by CA)
Income ProofIndividual IT Returns for last 3 years
Business InformationNote on nature of business, organization structure, clients, suppliers, etc.

For NRIs

Document TypeRequirements
Employment ContractCopy (translated to English & attested by Employer/Indian Embassy if required)
Identity ProofID card issued by Employer, Work Permit copy, Visa stamped on passport
Bank StatementNRE Bank account passbook or statement, Overseas Bank Account Statement (last 6 months)
Bio-DataCovering educational qualifications, age, job experience, profession/business details with proof
Guarantor DetailsForms with net worth proof/income proof
Employer UndertakingFor remittance of monthly installment, if stipulated in sanction

For Salaried NRIs

Document TypeRequirements
Salary SlipsCertified copies for the last 6 months
Salary CertificateAttested by foreign office/subsidiary or certified by competent authority (CA, Inland Revenue Dept., Notary if attestation isn’t possible)

For Self-Employed/Professional NRIs

Document TypeRequirements
Financial StatementsBalance Sheets & Profit & Loss Accounts (last 3 years, CA-certified)
Income ProofIndividual IT Returns for last 3 years
Business InformationNote on business nature, organization, clients, suppliers, etc.

Property-Related Documents

Document TypeRequirements
Title DeedsOriginal title deeds + complete chain of title deeds
Tax ReceiptsLatest maintenance, water tax, municipal tax, and other tax receipts
Non-Encumbrance CertificateFrom Co-op Society (if applicable)
Mortgage PermissionFrom Society/Development Authorities (if applicable)
Lien ConfirmationConfirmation from Society that Bank’s lien is noted in records (if applicable)
Additional DocumentsAs specified by Bank’s panel advocate in legal opinion/title clearance report

Also Read: How to Download Bank of Baroda Home Loan Statement

Compare Top Banks Loan Against Property Interest Rates

Comparing loan against property interest rates from leading banks helps you identify affordable financing options. Get a clearer view of each lender’s terms and choose the best home loan that matches your budget and financial goals.

Banks/ NBFCsRate of InterestMaximum Loan Amount
SBI10.60% p.a. – 11.30% p.a.Rs. 7.5 Crore 
HDFC9.50% p.a. – 11.00% p.a.65% of the market value of the property
IDFC9.25% p.a. onwards50% – 70% of the market value of the property
Tata Capital14.25% p.a. onwardsDepending on the market value of the property
Axis Bank10.50% p.a. – 10.90% p.a.Rs. 5 Crore
Kotak Mahindra Bank9.50% p.a. onwardsRs. 5 Crore
Bank of India10.10% p.a. Per lakhRs. 5 Crore
LIC Housing Finance9.70% p.a. – 11.55% p.a.Rs. 2 lakhs onwards
PNB Housing Finance9.24% p.a. – 12.75% p.a.70% of the market value of the property
ICICI Bank10.85% p.a. – 12.50% p.a.75% of the market value of the property
Please note that these are indicative numbers, please refer to the official websites for the latest updated details.

Conclusion

Taking a loan against property is a big step. Putting your property as a collateral can be hard, but we make it easy. Choosing Credit Dharma for your home loan simplifies this process. We offer expert advice and personalized assistance to make everything hassle-free. You’ll receive timely updates on your loan application and disbursement progress.

From the initial application to the final disbursement, we provide comprehensive support. Enjoy clear and honest communication at every stage, with no hidden surprises.

Frequently Asked Questions

What is the current interest rate for a Bank of Baroda Loan Against Property?

As of February 12, 2025, Bank of Baroda offers Loan Against Property schemes with interest rates starting from 10.85% per annum (floating rate) and 12.60% per annum (fixed rate), depending on the loan amount and tenure.

If I borrow ₹40 lakh as a Loan Against Property from Bank of Baroda, what would my monthly EMI be?

At an indicative interest rate of 10.85% per annum over a 15-year tenure, the monthly EMI for a ₹40 lakh loan would be approximately ₹45,000.

What is the EMI for a ₹10 lakh Loan Against Property from Bank of Baroda?

Using the parameters—10.85% per annum over 15 years—the estimated EMI for a ₹10 lakh loan would be around ₹11,250 per month.

How much would the EMI be for a ₹50 lakh Loan Against Property over 5 years with Bank of Baroda?

Assuming a 5-year tenure at an interest rate of 10.85% per annum, the EMI for a ₹50 lakh loan would be roughly ₹1.08 lakh per month.

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