Bank of Baroda (BoB) Home Loan Highlights | |
Interest Rate | 8.40% – 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 September 2023

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Table of Contents |
Bank of Baroda Home Loan Interest Rates
Baroda Housing Loan and Home Improvement Loan
For Salaried | 8.40%-10.60% p.a. |
For Non-Salaried | 8.40%-10.60% p.a. |
Baroda Home Loan Advantage
Up to Rs 75 lakh | 8.40%-10.60% p.a. |
Above Rs 75 lakh | 8.65%-10.85% |
Baroda Top Up Loan
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

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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 | 8.40% - 10.15% | 8.40% - 10.05% | 8.40% - 10.05% |
HDFC Bank Limited | 8.50% onwards | 8.50% onwards | 8.50% onwards |
LIC Housing Finance | 8.50% – 10.35% | 8.50% – 10.55% | 8.50% – 10.75% |
ICICI Bank | 9.00%-9.80% | 9.00%-9.95% | 9.00%-10.05% |
Kotak Mahindra Bank | 8.75% onwards | 8.75% onwards | 8.75% onwards |
PNB Housing Finance | 8.50% - 14.50% | 8.50% - 11.45% | 8.50%-11.45% |
Punjab National Bank | 8.55%-10.25% | 8.50%-10.15% | 8.50%-10.15% |
Bank of Baroda | 8.40% - 10.65% | 8.40% - 10.65% | 8.40% - 10.90% |
Union Bank of India | 8.35% – 10.80% | 8.35% – 10.95% | 8.35% – 10.95% |
IDFC First Bank | 8.85% onwards | 8.85% onwards | 8.85% onwards |
L&T Finance Limited | 8.60% onwards | 8.60% onwards | 8.60% onwards |
Bajaj Housing Finance | 8.45% onwards | 8.45% onwards | 8.45% onwards |
Tata Capital Housing Finance | 8.70% onwards | 8.70% onwards | 8.70% onwards |
Federal Bank | 8.80% onwards | 8.80% onwards | 8.80% onwards |

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Bank of Baroda (BoB) 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 (BoB) Home Loan
Baroda Home Loan
Purpose: Bank of Baroda offers regular home loans to its applicants for purchasing flat/house, construction of homes, plot purchase and extension of existing property.
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

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Baroda Home Loan Advantage
Purpose: Consumers can use Baroda Home Loan Advantage for purchase and construction of house/flat, purchase of residential plot and construction of home, extension of existing dwelling unit, home loan balance transfer, etc. This facility also comes with a linked overdraft account, opened in the form of savings account, wherein the home loan borrower can deposit his savings and make withdrawals from it as per his requirements. The balance maintained in the savings account is deducted from the outstanding home loan amount and thereby, helps in reducing the interest cost for the borrower.
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

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Baroda Home Loan Takeover Scheme
Purpose: Existing home loan borrowers of other banks/HFCs can avail Bank of Baroda Home Loan Balance Transfer facility for transferring their existing home loans 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

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Home Improvement Loan
Purpose: Consumers can avail Baroda Home Improvement Loan 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: Up to Rs 50 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 15 years
Baroda Pre-Approved Home Loan
Purpose: Prospective home buyers who are yet to identify houses/flats/plots for purchase can avail Baroda Pre-approved Home loan. This facility offers an in-principle home loan sanction letter with a 4 months validity to the prospective buyer, subject to his home loan eligibility. A pre-approved home loan sanction letter can help the prospective borrower by providing him better negotiating powers.
Baroda Top-up Loan
Purpose: Existing home loan borrowers including NRIs and PIOs can avail Home loan top-up facility from Bank of Baroda over and above the existing home loan for meeting their personal requirements.
Loan Amount: Rs 1 lakh- Rs 10 crore
LTV Ratio: 75% of residual value of house property
Tenure: should not exceed beyond 70 years of age
Credit Risk Guarantee Fund Scheme for Low Income Housing
Purpose: Under Credit Risk Guarantee Fund Scheme is an affordable housing scheme wherein the Credit Risk Guarantee Fund Trust offers a credit risk guarantee fund to lenders against their home loans of up to Rs 5 lakh offered to individuals belonging to Economically Weaker Sections and Low Income Groups in urban areas.

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Eligibility Criteria for Bank of Baroda Home Loan
For Baroda Home Loan
- Resident Indian, Non-Resident Indian, Person of Indian Origin, Overseas Citizen of India
- Age: 21-70 years
For Home Loan Take Over
- Age: 21-70 years
For Individual Applicants:
- Minimum CIBIL Score- 701
- At least 12 EMIs paid already
- Satisfactory repayment track record
For Non-Individual Applicants:
- An individual applicant/co-applicant should be present in the proposed loan
- At least 18 EMIs should have been paid
- The firm/company should:
- have been incorporated for at least 5 years
- be engaged in business activities for past 2 years
- be earning cash profits for past 2 years
- have a positive net worth
- have a satisfactory CIBIL rating
- not have slipped into SMA2 category for last 12 months
- not be in RBI defaulter’s list, ECGC Caution list/SAL, Suit filed/Non-Suit filed CIBIL list, CRILIC, etc.
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 (BoB) 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.)
- Proof of assets held such as LIC, NSC, KVP, MF, Property
- Asset and liability statement
- ITR verification report
Additional Documents Required
For Salaried Individuals
- Latest 3 months’ salary slip and 1 month salary slip for guarantor
- Copy of employee ID card issued by the employer
- Past 1 year ITR and Form 16 of applicant and guarantor
- Bank account statement for past 6 months or Bank account number if the account is with Bank of Baroda
- Appointment letter, confirmation letter, promotion letter or increment letter evidencing the duration of employment
For Self-employed Individuals/Professionals/Others
- Balance sheet and profit and loss account with income computation for last 2 years
- ITR for last 2 years, 26AS, Traces
- IT assessment, clearance certificate, Income Tax challan, TDS certificate (Form 16A), Form 26AS for income declared in ITR
- Business Proof: Gomasta License, Service Tax Registration, Registration Certificate, etc.
In case of applicants engaged in business through Partnership Firm/Private Ltd. Company
- Address Proof or PAN Card of Firm/Company
- ITR and audited results of last 2 years of Firm or Company
- Memorandum and AOA of the company
- Current account statement for last 1 year
For Farmers or Agriculturists
- Talati’s/Gram Sevak/Village Revenue Officer Certificate for income of past 2 years and Mamladaar’s/Block Revenue officer certificate for income of past 2 years
- Bank account statement for past 12 months (individual)
- Land revenue records- Form 6, 7/12, 8A
For NRI/PIO/OCI
- Duly filled application form with signatures and photographs
- Copy of passport with VISA stamped
- Details of the individual such as name, address, relation, contact numbers of local contact person
- Residence Proof (India and abroad): Driver’s license, ration card, voter ID, passport, Aadhar card, , registered rent agreement, etc.
- Overseas bank account statement for last 6 months
- NRE savings bank statement of account for last 6 months
- Account statement for all existing loans for last 1 year
- Credit check reports from Overseas Credit Bureau
For PIO:
- Current passport showing birth place in India or abroad
- Indian passport, if held earlier
- Passport of parents or grandparents with details in substantiating his claim of being a PIO
For Salaried Individuals:
- Employment contract copy in vernacular language
- Copy of ID card issued by the current employer
- Copy of ITR of individual for last 2 year (India/abroad)
- Latest salary slips for last 6 months
- Continuous discharge certificate, if applicable
- Copy of latest work permit
For Self-employed:
- Balance sheet and profit and loss account of business or profession
- Copies of individual’s ITR for last 3 years (India/abroad)
- Continuous discharge certificate, if applicable
- Business proof, place of business and its address proof
- A note giving information on nature of business or profession
Also check the list of Bank of Baroda Home Loan Documents Required

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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

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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.