Bank of Baroda Home Loan Highlights | |
Interest Rate | 8.50% – 10.90% |
Loan Amount | Up to Rs. 20 Crore |
Loan Tenure | Up to 30 years |
Processing Charges | 0.50% of loan amount (Rs 8,500-Rs 15,000) |
Note: Rates as of 28th March 2023

Apply for Home Loan with Bank of Baroda at Attractive Rates Click Here
Table of Contents |
Bank of Baroda Home Loan Interest Rates
Baroda Housing Loan and Home Improvement Loan
For Salaried | 8.50%-10.50% p.a. |
For Non-Salaried | 8.55%-10.60% p.a. |
Baroda Home Loan Advantage
Up to Rs 75 lakh | 8.50%-10.60% p.a. |
Above Rs 75 lakh | 8.75%-10.85% |
Baroda Top-up Loan | Applicable ROI on linked Home Loan (Based on BRLLR on the date of availment of Top up Loan) + Strategic Premium (0.25%) + 0.60% |
Note:
- Interest rate is dependent on loan limit and CIBIL Score of the applicants.
- Risk Premium of 0.05% will remain applicable for customers not obtaining credit insurance cover

Apply for Home Loan with Bank of Baroda at Attractive Rates Click Here
Compare Interest Rates on Home Loans for Top Banks & HFCs
Name of Lender | Up to Rs. 30 Lakh | Above Rs. 30 Lakh to Rs. 75 Lakh | Above Rs. 75 Lakh |
SBI | 8.50% - 10.15% | 8.50% - 10.05% | 8.50% - 10.05% |
HDFC | 8.50% - 10.35% | 8.50% - 10.60% | 8.50% - 10.70% |
LIC Housing Finance | 8.45% – 10.10% | 8.45% – 10.30% | 8.45% – 10.50% |
ICICI Bank | 9.00%-9.80% | 9.00%-9.95% | 9.00%-10.05% |
Kotak Mahindra Bank | 8.85% onwards | 8.85% onwards | 8.85% onwards |
PNB Housing Finance | 8.50% - 14.50% | 8.50% - 13.00% | 8.50%-10.85% |
Punjab National Bank | 8.65%-9.60% | 8.60%-9.50% | 8.60%-9.50% |
Bank of Baroda | 8.50% - 10.65% | 8.50% - 10.65% | 8.50% - 10.90% |
Union Bank of India | 8.75% – 10.75% | 8.75% – 10.95% | 8.75% – 10.95% |
IDFC First Bank | 8.85% onwards | 8.85% onwards | 8.85% onwards |
L&T Housing Finance | 8.65%-8.75% | 8.65%-8.75% | 8.65%-8.75% |
Bajaj Housing Finance | 8.70% onwards | 8.70% onwards | 8.70% onwards |
Tata Capital | 8.95% onwards | 8.95% onwards | 8.95% onwards |
Federal Bank | 10.15%-10.20% | 10.20%-10.25% | 10.25%-10.30% |

Compare Home Loan Schemes Offered by Top Lenders Compare Now
Bank of Baroda Home Loan Processing Fees & Charges
Baroda Housing Loan and Home Improvement Loan | Up to Rs 50 lakh: 0.50% of loan amount (Rs 8,500-Rs 15,000) Above Rs 50 lakh: 0.25% of loan amount (Rs 8,500-Rs 25,000) |
Baroda Top-up Home Loan | 0.35% (Rs 5,000-Rs 12,500) |
Home Loan Takeover | Flat (up to Rs 8,500)- upfront |
Pre-approved Home Loan | 0.25%-0.50% (up to Rs 8,500)- upfront |
Also know the home loan processing fees charged by various home loan lenders
Types of Bank of Baroda Home Loan
Baroda Housing Loan
Purpose: Regular home loan facility for purchasing flat/house, constructing homes, extending existing homes and purchasing plots for construction homes thereon
Loan Amount: Rs 1 crore-Rs 20 crore
- Mumbai- Up to Rs 20 crore
- Other Metro Cities- Up to Rs 7.50 crore
- Urban Areas- Up to Rs 3 crore
- Semi-urban and Rural- Up to Rs 1 crore
- Chandigarh, Panchkula and Mohali- Up to Rs 5 crore
LTV Ratio:
Loan Amount Up to Rs 30 lakh | 90% |
Loan Amount above Rs 30 lakh-Rs 75 lakh | 80% |
Loan Amount above Rs 75 lakh | 75% |
Tenure: Up to 30 years

Apply for Home Loan with Bank of Baroda at Attractive Rates Click Here
Baroda Home Loan Advantage
Purpose: Home loan with overdraft facility where home loan account will be linked with savings bank account.
Loan Amount: Rs 1 crore-Rs 20 crore
- Mumbai- Up to Rs 10 crore
- Other Metro Cities- Up to Rs 5 crore
- Urban Areas- Up to Rs 3 crore
- Semi-urban and Rural- Up to Rs 1 crore
LTV Ratio:
Loan Amount Up to Rs 30 lakh | 90% |
Loan Amount above Rs 30 lakh-Rs 75 lakh | 80% |
Loan Amount above Rs 75 lakh | 75% |
Tenure: Up to 30 years

Apply for Bank of Baroda Home Loan Overdraft Facility Click Here
Baroda Home Loan Takeover Scheme
Purpose: Home Loan Balance Transfer of existing home loan from other banks/NBFCs to Bank of Baroda at lower interest rates
Loan Amount: Rs 1 crore-Rs 20 crore
- Mumbai- Up to Rs 20 crore
- Other Metro Cities- Up to Rs 7.50 crore
- Urban Areas- Up to Rs 3 crore
- Semi-urban and Rural- Up to Rs 1 crore
- Chandigarh, Panchkula and Mohali- Up to Rs 5 crore
LTV Ratio:
Loan Amount Up to Rs 30 lakh | 90% |
Loan Amount above Rs 30 lakh-Rs 75 lakh | 80% |
Loan Amount above Rs 75 lakh | 75% |
Tenure: Up to 30 years

Transfer your Home Loan to Bank of Baroda at Lower Interest Rates Click Here
Home Improvement Loan
Purpose: Home improvement/renovation loan is offered to repair or renovate existing homes including purchase of new furniture, furnishings and fittings such as fans, geysers, air conditioners, air purifier, water filter, etc.
Loan Amount: Rs 1 crore-Rs 10 crore
- Mumbai- Up to Rs 10 crore
- Other Metro Cities- Up to Rs 5 crore
- Urban Areas- Up to Rs 3 crore
- Semi-urban and Rural- Up to Rs 1 crore
LTV Ratio:
Loan Amount Up to Rs 30 lakh | 90% |
Loan Amount above Rs 30 lakh-Rs 75 lakh | 80% |
Loan Amount above Rs 75 lakh | 75% |
Tenure: Up to 30 years
Baroda Pre-Approved Home Loan
Purpose: Home loan approval prior to the identification of house/flat/plot by the home loan applicant with a validity of 4 months
Loan Amount: Up to Rs 10 crore
Tenure: Up to 30 years
Baroda Top-up Loan
Purpose: Home loan top-up is an additional loan facility for existing home loan borrowers including NRIs and PIOs for personal purposes other than speculative purposes
Loan Amount: Rs 1 lakh- Rs 10 crore
LTV Ratio: 75% of residual value of house property
Tenure: should not exceed beyond 65 years of age
Pradhan Mantri Awas Yojna
Purpose: Affordable housing for Economically Weaker Sections, Low Income Groups and Middle Income Groups with an interest subsidy of up to Rs 2.67 lakh
Loan Amount: Rs 9 lakh-Rs 12 lakh
LTV Ratio:
Loan Amount Up to Rs 30 lakh | 90% |
Loan Amount above Rs 30 lakh-Rs 75 lakh | 80% |
Loan Amount above Rs 75 lakh | 75% |
Tenure: Up to 30 years
Interest Subsidy Scheme for Housing the Urban Poor (ISHUP)
Purpose: “Affordable Housing for All”, an interest subsidy scheme for fulfilling the housing needs of Economically Weaker Sections (average household income of up to Rs 5,001 per month) and Low Income Groups (average household income of Rs 5,001-10,000 per month) in urban areas to enable them to purchase/construct houses
Loan Amount:
- For EWS: Up to Rs 1 lakh
- For LIG: Up to Rs 1,60,000
LTV Ratio: At least 80%
Tenure: Up to 20 years
Credit Risk Guarantee Fund Scheme for Low Income Housing
Purpose: The Credit Risk Guarantee Fund Trust offers a credit risk guarantee of up to Rs 5 lakh to the bank for the home loans of up to Rs 8 lakh sanctioned by it to borrowers belonging to Economically Weaker Sections and Low Income Groups in urban areas.
Loan Amount: Up to Rs 8 lakh
Tenure: Up to 25 years
Eligibility Criteria for Bank of Baroda Home Loan
For Baroda Housing Loan
- Resident Indian, Non-Resident Indian, Person of Indian Origin, Overseas Citizen of India
- Age: 21-70 years
- Employed/Self-employed with regular income
For Home Loan Take Over
- Age: 21-70 years

Apply for Home Loan with Bank of Baroda at Attractive Rates Click Here
For Individual Applicants
- Minimum CIBIL Score- 701
- At least 12 EMIs paid already
- Satisfactory repayment track record
For Non-Individual Applicants
- At least 18 EMIs paid
- The firm/company should have been working for at least 5 years
- The company should be engaged in business activities for at least 2 years
- Positive net worth of the company
- Firm earning cash profits for past 2 years
- The firm/company shouldn’t have slipped into SMA2 category for last 12 months
- Company’s name should not be in RBI defaulter’s list
For Baroda Home Suvidha Personal Loan
- Prospective Baroda Home Loan borrowers (including takeover loans)
- Existing home loan borrowers from Bank of Baroda
For Interest Subsidy Scheme for Housing the Urban Poor (ISHUP)
- EWS with average monthly income of up to Rs 5,000
- LIG with average monthly income of Rs 5,001-Rs 10,000
- For Salaried applicants: 48 times average of last 3 months gross salary
- For Others: Up to 4 times average of last 2 years annual income
- Minimum ge: 21 years
- Employed or self-employed with regular income
For Credit Risk Guarantee Fund Scheme for Low Income Housing
- New individual borrowers of housing loans of up to Rs 8 lakh under EWS/LIG category
- Housing unit size up to 430 sq. ft. carpet area
Also know the home loan eligibility of top 10 banks/HFCs
Documents Required for Bank of Baroda Home Loan
List of common documents:
- 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 the 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 the case of salaried applicants, the latest salary slip/statement showing all deductions
- In the case of self-employed applicants, CA-certified copies of Balance Sheets and Profit and Loss Accounts, I-Tax acknowledgments, 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

Apply for Home Loan with Bank of Baroda at Attractive Rates Click Here
List of additional documents:
In case of purchase from a Builder
- A copy of the agreement for sale
- A copy of the registration receipt
- A copy of sanctioned plan and sanction letter of the competent authorities
- A copy of the 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 the sale/lease deed in favor 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
Also check the list of Bank of Baroda Home Loan Documents Required

Apply for Home Loan with Bank of Baroda at Attractive Rates Click Here
Bank of Baroda Home Loan EMI Calculator
Monthly EMI ₹ 15,622
Total Amount Payble ₹ 5,62,395(Principal + interest)
Principal Amount ₹ 5,00,000
Total Interest Payble ₹ 62,395

Apply for Home Loan at Attractive Interest Rates Click Here
FAQs
1. Can I prepay my home loan availed from Bank of Baroda?
Ans. Yes, you can prepay your home loan availed from Bank of Baroda. The bank does not levy any prepayment charges on home loan availed at floating rate of interest.
2. Does Bank of Baroda charge higher home loan interest rates from non-salaried applicants?
Ans. Bank of Baroda charges an additional interest rate of 0.10% p.a. from non-salaried applicants.
3. How does Bank of Baroda determine the loan amount for its home loan applicants?
Ans. Bank of Baroda determines the loan amount for its home loan applicants after factoring in their age, income, repayment capacity, job stability, assets and liabilities.
4. Does Bank of Baroda consider the salary of the spouse while offering home loan?
Ans. Yes, Bank of Baroda considers the salary of the spouse while offering home loan. However, the spouse has to apply as a co-applicant for home loan.
5. Can I choose between a fixed and floating rate of interest while applying for Bank of Baroda home loans?
Ans. Bank of Baroda offers home loans only at floating rates.
6. What is the minimum credit score required to avail home loans from Bank of Baroda?
Ans. Bank of Baroda has not specified the cut-off credit score for home loan applicants. However, the applicants with credit scores of 750 and above usually have higher chances of availing home loans at lower interest rates.
Click Here:- To know more about Credit Score based Interest Rates Home Loan
7. Does adding a co-applicant improve the chances of availing Bank of Baroda home loan?
Ans. Yes, adding a co-applicant improves the eligibility of Bank of Baroda home loan applicants. The bank accepts the close relatives of a home loan applicants as co-applicants. However, if the home loan applicant wants to add a co-applicant who is not a close relative, the co-applicant has to be the joint owner of the property.
8. Who can be the co-applicant for Bank of Baroda home loan?
Ans. Bank of Baroda accepts the close relatives of the applicant including spouse, father, mother (including step mother), son (including step son), son’s wife, daughter (including step daughter), daughter’s husband, brother/sister (including step brother/sister), brother’s wife, sister of spouse (including step sister), sister’s husband and brother of spouse (including step brother) as co-applicants of your home loan.