Imagine a home loan that shrinks every time you add money to your savings. That’s the idea behind Bank of Baroda Baroda Max Savings. Your mortgage is paired with a dedicated savings account; whatever balance sits there at day-end is offset against your loan, trimming the interest you owe.
Drop your salary, bonuses, or spare cash into the linked account and watch your interest cost fall—then simply pay your EMI from the same pool. It’s a flexible way to turn everyday savings into faster home-ownership, without changing your spending habits.
Bank of Baroda Max Savings Home Loan 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 36 Months: Moratorium Period |
| 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 | Minimum: ₹8,500 Maximum: ₹25,000 |
Check Out: Bank of Baroda Interest Rate Calculator
Bank of Baroda Max Savings Home Loan 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 Interest Rates 2025
How Does Bank of Baroda Max Savings Home Loan Work?
- Linked Account : Home loan is connected to a dedicated Savings Bank (SB) account with 0% interest .
- Savings Impact : Deposit all savings into this SB account to reduce home loan interest liability.
- Daily Balance Benefit : Closing balance in the SB account each day lowers the home loan’s outstanding principal for interest calculation.
- Interest Savings : Interest is charged only on the adjusted loan amount (after subtracting the SB account balance).
- No Earnings on SB : The linked SB account does not earn interest; its purpose is to cut loan costs.
Suggested Read: Bank of Baroda Home Loan Account Login
Bank of Baroda Max Savings Home Loan 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 |
|---|---|
| Eligibility | • Resident Indians • NRIs with Indian passport • Persons of Indian Origin (PIO) with foreign passport • Overseas Citizens of India (OCI) |
| Permitted Purposes | • Purchase or construction of a house/flat • Purchase of a residential plot* • Purchase of plot and construction of a house • Balance-transfer (take-over) from other Banks/HFCs/NBFCs/FIs • Extension or additional construction on an existing house • Reimbursement for self-funded construction of a house/flat |
Additional Eligibility Checklist
| Eligibility Criterion | Details |
|---|---|
| Employment / Business Tenure | Resident Indians: • Salaried – ≥ 1 year in service (breaks up to 3 months allowed). • Non-salaried – ≥ 2 years in business/profession. NRIs/PIOs/OCIs: • In a regular overseas job with a reputed entity for the past ≥ 2 years or self-employed abroad for ≥ 2 years. |
| Minimum Income (NRIs/PIOs/OCIs) | Combined gross annual income of applicant/co-applicant(s) must be ≥ ₹5 lakh equivalent. |
| Definition – Person of Indian Origin (PIO) | A foreign citizen (except of Bangladesh, Pakistan, Sri Lanka, Afghanistan, China, Iran, Nepal, Bhutan) who: • Ever held an Indian passport, or • Has a parent/grandparent who was an Indian citizen, or • Is the spouse of an Indian citizen / PIO (as above). |
| Definition – Overseas Citizen of India (OCI) | Registered under Section 7A of the Citizenship Act, 1955; effectively a PIO whose foreign country permits some form of dual citizenship (excludes ex-citizens of Pakistan or Bangladesh). |
| Co-applicants | • Close relatives may be added to boost eligibility. • Non-relatives can be co-applicants only if they are joint owners of the property. |
| Who counts as a “Close Relative” | Spouse, father, mother (incl. step-mother), son/step-son & son’s wife, daughter/step-daughter & daughter’s husband, brother/step-brother & brother’s wife, sister/step-sister & sister’s husband, plus the same relations of the spouse. |
| Age Limits | Minimum: 21 years (borrower), 18 years (co-applicant). Maximum at loan maturity: 70 years. |
Suggested Read: Bank of Baroda Home Loan Customer Care
Bank of Baroda Max Savings Home Loan Processing Fee
Understand the processing fees involved so you can factor them into your overall cost when opting for a home loan.
| Loan Amount | Processing Fee |
|---|---|
| Up to ₹50 Lakh | Minimum: ₹8,500 Maximum: ₹15,000 |
| Above ₹50 Lakh | Minimum: ₹8,500 Maximum: ₹25,000 |
Suggested Read: Bank of Baroda Home Loan Repo Rate Cut
Bank of Baroda Max Savings Home Loan Other Fees and Charges
Be aware of any extra charges, such as prepayment penalties or overdue fees, that may apply to your home loan.
| Charge Type | Amount |
|---|---|
| Takeover of Home Loan | – Loans up to ₹20 lakh: 0.35% of the loan amount – Loans above ₹20 lakh: 0.40% of the loan amount – Maximum: ₹15,000 (Service tax applicable separately) |
| Prepayment Charges | Nil for all home loans |
| Inspection Charges | – First Post-Inspection: No charge – Second & Onwards: ₹100 + out-of-pocket and conveyance charges (per inspection) + GST |
| Legal Reports / Valuation Charges | Actual charges as per legal and valuation fees incurred |
| Conversion Charges (Fixed to Floating) | – One-time process – 0.50% per year of the residual loan period (maximum 2% of outstanding loan) + GST – Premature Closure Fee: 0.5% of balance outstanding per year (maximum 3%) |
| Conversion Charges (Floating to Fixed) | Not Available |
Bank of Baroda Max Savings Home Loan 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) |
Suggested Read: Home Loan without Property Documents
How to Apply for Bank of Baroda Max Savings Home Loan?
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 Max Savings Home Loan.” 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: Bank of Baroda Home Loan Application Status
Compare Top Banks Home Loan Interest Rates 2025
Explore home loan top-up offers from different banks to find the best deal that fits your needs.
| Bank | Up to Rs. 30 Lakh | Above Rs. 30 Lakh to Rs. 75 Lakh | Above Rs. 75 Lakh |
|---|---|---|---|
| SBI Bank | 8.50% p.a. onwards | 8.5% p.a. onwards | 8.50% p.a. onwards |
| HDFC Bank | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% 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 | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards |
| Kotak Mahindra Bank | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards |
| Punjab National Bank | 8.50% – 11.05% p.a. | 8.50% – 11.05% p.a. | 8.50% – 11.05% 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%-10.30% p.a. | 8.75%-10.30% p.a. | 8.75%-10.30% p.a. |
| Bank of India | 8.40% p.a onwards | 8.40% p.a onwards | 8.40% p.a onwards |
| TATA Capital | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards |
Conclusion
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Why choose Credit Dharma? We provide:
- Lowest Interest Rates: Save more with every EMI.
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- 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
It’s a regular BoB mortgage paired with a zero-interest savings account; whatever balance you keep there each day offsets the loan principal, so interest is charged only on the net amount.
No, but the reduction in loan interest is usually higher than what a normal savings rate would give you.
Resident Indians, NRIs, PIOs, and OCIs can all apply; overseas applicants need two years of stable work or business and ₹ 5 lakh+ annual income.
Salaried borrowers see 8.00 %–9.50 % p.a. up to ₹ 75 Lakh; rates vary by CIBIL score and whether you take credit-life cover.
Yes—BoB waives prepayment fees on all floating-rate home loans, so extra lump sums go straight to principal.
It does; opt-outs attract a 0.05 % risk premium, so taking the cover keeps you in the lowest slab.
Your offset balance drops, so the next day’s interest is calculated on a higher outstanding—keeping funds parked maximises savings.
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