Bank of Baroda Home Loan Interest Rates & Other Details 2021 | |
Interest Rate | 6.75% onwards (Compare Home Loan Rates) |
Loan Amount | Up to Rs. 10 Crore |
Loan Tenure | Up to 30 years |
Processing Charges | 0.25% – 0.50% of loan amount + GST |
Note: The figures given in the table are indicative and are subject to change as per any change in Bank of Baroda’s or RBI’s policy.
Bank of Baroda Home Loan – Features & Benefits
- A wide variety of schemes to suit customer’s home related fund requirements
- Interest rates linked to repo rate starts from 6.75% p.a.
- Loan amount can reach as high as Rs. 10 crore
- Loan tenure extending up to 30 years
- Free credit card and concession of 0.25% on car loans
- Free accident insurance with every home loan
- No prepayment charges on floating rate home loans
- Top-up loan facility of up to five times during the loan tenure
- Multiple loan repayment options for customers’ convenience

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Bank of Baroda Home Loan Interest Rates
Bank of Baroda Home Loan Schemes | Repo Rate-Linked Interest Rates |
Bank of Baroda Home Loan | 6.75% – 8.10% |
Bank of Baroda Home Loan Advantage | 6.75% – 8.35% |
Baroda Home Improvement Loan | 6.75% – 8.10% |
Bank of Baroda Top Up Loan | Applicable ROI on linked Home Loan + Strategic Premium + 0.50% |
Baroda Home Loan Takeover Scheme | 6.75% onwards |
Note: The interest rate for Bank of Baroda home loan depends on the applicant’s credit profile, including repayment capacity, credit history, etc. Also, on the above rates, the Risk Premium of 0.05% will remain applicable as per extant guidelines of the bank for customers not availing credit insurance cover.
Also Check: Home Loan Offers from Top Banks
Bank of Baroda Home Loan Processing Fees & Charges
There are few other charges associated with Bank of Baroda housing loans. Some of these charges are given below:
Particulars | Applicable Charges |
Processing fees* |
|
Modification charges |
|
Deviation charges | Rs. 1,500 per deviation (Max. Rs. 5,000) |
*The above charges are unified processing charges which include inspection, valuation and legal fees
Note: The figures given in the table are indicative and are subject to change without prior information. GST might be applicable on some of the above charges.

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Bank of Baroda Home Loan EMI Calculator
Buying a home can cost you a fortune; therefore, you have home loans. But repaying such a huge amount requires careful planning. To do the same, use Paisabazaar’s Home Loan EMI Calculator. The loan calculator gives an estimate of monthly instalments to be paid towards loan repayment, helping you to plan your budget accordingly. It is easy to use, free of cost and gives accurate results. To calculate your home loan EMI, click here.
Bank of Baroda Housing loan EMI depends on loan amount, loan tenure and interest rate. The table below shows how home loan EMIs change for different loan amount and loan tenure. The home loan interest rate considered for the calculation is 8.10% p.a.
Loan Amount | EMIs as per Different Loan Tenures | ||
15 years | 20 years | 30 years | |
Rs. 40 lakh | Rs. 38,457 | Rs. 33,707 | Rs. 29,630 |
Rs. 60 lakh | Rs. 57,686 | Rs. 50,560 | Rs. 44,445 |
Rs. 80 lakh | Rs. 76,915 | Rs. 67,414 | Rs. 59,260 |
Rs. 1 crore | Rs. 96,143 | Rs. 84,267 | Rs. 74,075 |
In the table above, one can notice that home loan EMIs decrease as the loan tenure increases. But the increase in tenure also increases the total interest payout.
Bank of Baroda Home Loan Eligibility
To get Bank of Baroda home loan, individuals should be eligible for it. Check Bank of Baroda home loan eligibility given below:
Borrower Profile |
|
Age Limit | 21 to 70 years |
Income Criteria for NRI/PIO/OCI |
OR Should be employed / self-employed or have a business unit and stay abroad for at least 2 years
|
Eligibility Criteria for Co-Applicants
To improve Bank of Baroda home loan eligibility, applicants can add earning family members, such as their spouse, parents, children and siblings, as co-applicants.
Repayment Capacity of Salaried
Repayment capacity is an important factor on the basis of which lenders sanction a loan. The borrowers should be able to repay the borrowed amount on time. Your home loan repayment capacity is calculated on the basis of your in-hand salary and monthly obligations. As per Bank of Baroda’s rules and policies, to avail a home loan, the total deductions, including the proposed EMI, should not exceed the following percentage:
- Gross Monthly Income less than Rs. 20,000: 50%
- Gross Monthly Income Rs. 20,000 and above but less than Rs. 50,000: 60%
- Gross Monthly Income Rs. 50,000 and above but less than Rs. 2 lakh: 65%
- Gross Monthly Income Rs. 2 lakh and above but less than Rs. 5 lakh: 70%
- Gross Monthly Income Rs. 5 lakh and above: 75%
Repayment Capacity of Others
Average Gross Annual Income (for last 2 years) up to Rs. 6 lakh: 70%
Average Gross Annual Income (for last 2 years) more than Rs. 6 lakh: 80%
Bank of Baroda Home Loan Documents Required
Common documents required to apply for Bank of Baroda home loans are:
- Duly filled in application form (with a photograph of the applicant)
- Proof of Residence (Aadhaar Card, Voter’s ID Card, Passport, Driving License, Ration Card, etc.)
- Proof of Age (PAN card, Aadhaar Card, Voter’s ID Card, Birth Certificate, Passport, Driving License, etc.)
- A copy of the approved plan and sanction letter from local civic authority
- Copy of NA permission
- Salary certificate(s) from one or two guarantor(s)
- If the guarantor has a business, then copies of Income Tax Returns or Assessment Orders for the last three years
- Bank passbook statements of the past two years
- In case of salaried applicants, latest salary slip/statement showing all deductions
- In case of self-employed applicants, CA-certified copies of Balance Sheets and Profit and Loss Accounts, I-Tax acknowledgements, Advance Tax Challans (for both company/firm and personal account) for the last three years
- In case of self-employed applicants, Memorandum/Articles of Association for Companies, Partnership Deeds for Firms and a brief Profile of your Company/Firm
Check: Complete Checklist of Required BOB Home Loan Documents
Additional documents for Bank of Baroda home loan application are:
In case of Purchase from a Builder
- A copy of the agreement for sale
- A copy of registration receipt
- A copy of sanctioned plan and sanction letter of the competent authorities
- A copy of NA permission/ULC order
- Copies of receipts of payments already made
- No Objection Certificate (NOC) from builders in our format
In case of Direct Allotment in a Co-operative Housing Society
- Allotment letter
- Share certificate, Society registration certificate
- A copy of sale/lease deed in favour of the society
- NOC from society in our format
- Possession letter in original
In Case of Resale
- A copy of all previous vendors agreements duly stamped and registered and the registration receipts (original to be given before disbursement)
- NOC from Society/Builder in our format
- Original Share Certificate
Check: Detailed List of Required Home Loan Documents

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Bank of Baroda Home Loan Schemes
Different individuals have different home loan requirements. Therefore, the Bank of Baroda offers multiple housing loan schemes to cater to varied requirements of its customers. The details of some are given below:
Compare Best BOB Home Loan Offers
1. Bank of Baroda Home Loan
Home loans by Bank of Baroda can be availed for purchasing a house or plot, constructing a house on an existing plot or extending your existing residence. Both Resident and Non-Resident Indians can apply for the loan.
Eligible Profiles | Salaried and Self-employed Individuals |
Loan Amount | Up to Rs. 10 crore |
Interest Rate | 6.75% onwards |
Loan Tenure | Up to 30 years |
2. Bank of Baroda Home Loan Advantage
Bank of Baroda Home Loan Advantage is a type of overdraft facility wherein your home loan sanctioned will be linked to your Bank of Baroda Savings Account. Home loan interest will not be levied on the amount deposited in the savings account. You can deposit as much amount as you want in the linked savings bank account and earn savings interest on it. At the end of the day, the amount available in the linked savings account will be counted for credit in the home loan account. As a result, your home loan interest amount will reduce to the extent of daily outstanding credit balance in the savings account. The balance in the linked savings bank account can also be withdrawn anytime. Both Resident and Non-Resident Indians can apply for the loan, subject to a few conditions.
Eligible Profiles | Salaried and Self-employed Individuals |
Loan Amount | Up to Rs. 10 crore |
Interest Rate | Up to Rs. 75.00 Lakh: 6.75% – 8.10% Above Rs. 75.00 Lakh: 7.00% – 8.35% |
Loan Tenure | Up to 30 years |
Work Experience | Salaried & Self-Employed: At least 1 year in the same job or business Non-Salaried: At least 2 years in current profession Break in the service, if any, can be allowed up to a period of 3 months |
3. Bank of Baroda Pre-Approved Home Loan
- Baroda Pre-approved Home Loan provides in-principle approval to eligible customers prior to the identification of a specific house/flat/plot
- The in-principle sanction letter will include the eligible loan amount, which will be calculated as per prevailing home loan interest rates and other existing guidelines of home loan
- The loan eligibility will be decided on the basis of customers’ income details as per existing guidelines of the loan scheme
- The documents in support of income and repayment capacity (except property documents) will be required for issuing the pre-approved sanction letter
- The in-principle approval will be valid for only four months from the date of issue
- The property papers need to be submitted within the validity of Baroda Pre-Approved Home Loan
- The processing charge applicable under the loan scheme is Rs. 7,500 + GST (upfront and non-refundable). Balance amount of unified processing charges as applicable to Home Loan only will be recovered after the sanction of loan.

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4. Bank of Baroda Home Improvement Loan
Home renovations can be expensive, but Bank of Baroda’s Home Improvement Loan can help you with it. Both Resident and Non-resident Indians are eligible to apply for the loan. You can avail the loan for all kinds of repairs and improvements. Under the loan scheme, you and your family also get a group credit life insurance cover because of which your family does not need to repay the loan up to the claim amount in case of your demise.
Eligible Profiles | Salaried and Self-employed Individuals |
Loan Amount | Up to Rs. 10 crore |
Interest Rate | 6.75% onwards |
Loan Tenure | Up to 30 years |
5. Baroda Top Up Loan
Baroda Top Up Loan is for Bank of Baroda’s existing home loan borrowers who have fund requirements over and above the borrowed loan amount. The loan can be used for any purpose other than speculation.
Eligible Profiles | Salaried and Self Employed Individuals |
Loan Amount | Rs. 1 lakh to Rs. 2 crore |
Interest Rate | Applicable ROI on linked Home Loan + Strategic Premium + 0.60% |
Loan Tenure | Up to 30 years |
6. Baroda Home Loan Takeover Scheme
Baroda Home Loan Takeover Scheme is a home loan balance transfer. Under the scheme, the bank takes over the home loans from other Banks/HFCs/NBFCs/FIs, etc. Both Resident and Non-Resident Indians are eligible for takeover home loans.
Eligible Profiles | Salaried and Self-employed Individuals |
Loan Amount | Rs. 1 lakh to Rs. 2 crore |
Interest Rate | 6.75% onwards |
Loan Tenure | Up to 30 years |
7. Baroda Home Loan for NRI
Baroda Home Loan for NRI is for all eligible Non-Resident Indians (NRIs), Overseas Citizens of India (OCIs) and Persons of Indian Origin (PIOs) who wish to buy a house in India. The loan can also be availed to buy a residential plot, construct a house, extend the existing house and home loan balance transfer.
Some of the benefits that the scheme offers are given below:
- Free Credit Card (BOBCARD – complimentary for 1st) to all home loan borrowers (first borrower) with the loan limit of Rs. 2 lakh and above
- A concession of 0.25% interest on car loans
- Top up loan can be availed 5 times during loan period (Min. Rs.1 Lakh; Max. Rs. 2 Crore)
- Close relatives of the applicant can be co-applicants with or without being a joint owner of the property
- Free accidental insurance with every Home Loan
8. Bank of Baroda Pradhan Mantri Awas Yojana – Credit Linked Subsidy (PMAY-CLSS)
Pradhan Mantri Awas Yojana (PMAY) is a government scheme launched with the aim to provide “Housing for All” by 2022.
Learn More: What is Pradhan Mantri Awas Yojana?
PMAY-CLSS in a Nutshell
Particulars | EWS | LIG | MIG I | MIG II |
Household Income | Up to Rs. 3 Lakh | Rs. 3 – 6 Lakh | Rs. 6 – 12 Lakh | Rs. 12 – 18 Lakh |
Interest Subsidy | 6.50% | 6.50% | 4.00% | 3.00% |
Eligible Loan Amount for Subsidy Calculation | Up to 6 Lakh | Up to 6 Lakh | Up to 9 Lakh | Up to 12 Lakh |
Maximum Subsidy | Rs. 2,67,280 | Rs. 2,67,280 | Rs. 2,35,068 | Rs. 2,30,156 |
Maximum Loan Tenure | 20 yrs. | 20 yrs. | 20 yrs. | 20 yrs. |
Maximum Carpet Area | 30 sq. m. | 60 sq. m. | 160 sq. m. | 200 sq. m. |
Discount Rate for NPV Calculation of Interest Subsidy | 9.00% | 9.00% | 9.00% | 9.00% |
Application of scheme on existing home loans sanctioned on or after | 17.06.2015 | 17.06.2015 | 01.01.2017 | 01.01.2017 |
Woman Ownership/Co-ownership | Mandatory for a new house. Not mandatory for an existing property | Not Mandatory | Not Mandatory |
Also Check: How to Apply for Pradhan Mantri Awas Yojana