Looking to buy your dream home? Bank of Baroda’s Pre-approved Home Loan can make the process smoother. With this loan, you get a pre-approved limit based on your income, even before you finalize your property. This gives you the confidence to negotiate with builders or sellers, knowing your financing is already in place. A small, non-refundable processing fee applies at the time of sanction, making your home-buying journey one step easier!
Bank of Baroda Pre Approved 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 |
| Loan Amount | Contact the Bank |
| Processing Fees | ₹8,500 |
Suggested Read: Bank of Baroda Home Loan Repo Rate Cut
Bank of Baroda Pre Approved 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. |
Check Out: Bank of Baroda Interest Rate Calculator
Bank of Baroda Pre Approved 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.
| Aspects | Criteria |
|---|---|
| Who can apply? | Resident Indians NRIs / PIOs / OCIs Applicants to the standard Baroda Home Loan or the Baroda Home Loan Advantage variant |
Suggested Read: Bank of Baroda Home Loan Interest Rates 2025
Bank of Baroda Pre Approved Home Loan Terms and Conditions
- Pre-Approval Process : Offers an in-principle approval for a home loan before selecting a specific property (house/flat/plot).
- Validity Period : Approval is valid for 4 months from the issue date.
- Property Submission Requirement : Applicants must finalize and submit property documents within the 4-month validity period.
- No Guarantee of Disbursement : The bank reserves the right to reject or adjust the loan amount based on the property’s valuation and acceptability as collateral.
Suggested Read: Bank of Baroda Home Loan Account Login
Bank of Baroda Pre Approved Home Loan 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 |
|---|---|
| Pre Approved Home Loan | ₹8,500 |
Suggested Read: Bank of Baroda Home Loan Customer Care
Bank of Baroda Pre Approved 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 |
Suggested: Check Out the Nearest BOB Branch
Bank of Baroda Pre Approved 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 |
Must Read: Best Property Valuation Practices
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) |
Must Read: How to Get a Home Loan With Out Income Proof?
How to Apply for Bank of Baroda Pre Approved 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 Pre Approved Home Loans.” 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.
Check Out : Calculate Your Down Payment Now
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
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
A pre-approved home loan is a pre-sanctioned loan amount offered by banks/NBFCs based on your credit score, income, and repayment capacity. It assures eligibility for a specific loan amount before property finalization, simplifying the home-buying process.
Validity ranges from 3–6 months, depending on the lender. Renewal may require re-evaluation of your financial profile. Use this period to finalize your property.
Pre-approval accelerates loan disbursal, strengthens negotiation power with sellers, and reduces last-minute loan hassles. It also helps set a realistic budget.
Yes. Pre-approved loans are sanctioned without property details, while regular loans require property verification and valuation before approval.
Yes, but disbursal occurs in stages aligned with construction progress. Confirm your lender’s policy on under-construction projects before proceeding.
Interest rates are usually fixed based on your profile, but some lenders offer discounts for pre-approved offers. Compare rates across banks to secure the best deal.
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