Home Loans in Vadodara

Compare Home Loan Interest Rates Offered by Various Banks & HFCs in Vadodara

Name of Lender	Loans of Up to Rs. 30 Lakh
Bank of India	7.10% p.a. onwards	Check Eligibility
State Bank of India	7.25% p.a. onwards	Check Eligibility
Punjab National Bank	7.20% p.a. onwards	Check Eligibility
Canara Bank	7.15% p.a. onwards	Check Eligibility
HDFC Bank	7.90% p.a. onwards	Check Eligibility
Bajaj Housing Finance	7.40% p.a. onwards	Check Eligibility
ICICI Bank	7.65% p.a. onwards	Check Eligibility
Axis Bank	*8.25% p.a. onwards	Check Eligibility
Federal Bank	*7.90% p.a. onwards	Check Eligibility
Kotak Mahindra Bank	7.70% p.a. onwards	Check Eligibility
IDFC FIRST Bank	8.85% p.a. onwards	Check Eligibility
IDBI Bank	7.35% p.a. onwards	Check Eligibility
RBL Bank	8.20% p.a. onwards	Check Eligibility
Tata Capital Housing Finance	7.75% p.a. onwards	Check Eligibility
PNB Housing Finance	*7.20% p.a. onwards	Check Eligibility
Sammaan Capital (Formerly known as Indiabulls Housing Finance)	8.75% p.a. onwards	Check Eligibility
India Shelter Home Loan	8.43% p.a. onwards	Check Eligibility
L&T Finance Limited	*8.40% p.a. onwards	Check Eligibility
Godrej Housing Finance	7.75% p.a. onwards	Check Eligibility
Home First Finance	8.00% p.a. onwards	Check Eligibility
Easy Home Finance	8.99% p.a. onwards	Check Eligibility
Piramal Capital Housing Finance	*8.25% p.a. onwards	Check Eligibility
Shubham Housing Finance	10.45% p.a. onwards	Check Eligibility
Punjab & Sind Bank	7.30% p.a. onwards	Check Eligibility
Jio Housing Finance	8.20% p.a. onwards	Check Eligibility
HDFC Sales Pvt Ltd	7.90% p.a. onwards	Check Eligibility

Note: Interest rates as of 8 September 2025

Features of Home Loans offered in Vadodara

• The interest rates of home loans offered in Vadodara start from 7.35% p.a. for home loan tenures of up to 30 years.
• Home loan lenders in Vadodara offer housing loans with loan to value (LTV) ratios of up to 90% of the mortgaged property’s value. The final LTV ratio set by banks, HFCs and NBFCs for their loan applicants are based on their loan amounts. The home loan amounts and their corresponding LTV ratio are provided below:

Home Loan Amount	Home Loan LTV Ratio
Up to Rs 30 lakh	Up to 90% of total property cost
Above Rs 30 lakh to Rs 75 lakh	Up to 80% of total property cost
Above Rs 75 lakh	Up to 75% of total property cost

• Existing borrowers can use the home loan balance transfer facility to move their ongoing loan to another lender at lower interest rates. Lenders also offer additional facilities like home loan top up to their existing customers. Home loan borrowers can use the top-up amount to take care of their personal and professional needs (except for speculative purposes).
• Home loan lenders in Vadodara offer pre-approved home loans to their select existing customers based on their credit profile.
• RBI has mandated that lenders offering housing loans at floating interest rates cannot levy home loan prepayment fees. However, home loan customers have to pay prepayment fees on home loans availed at fixed interest rates. Banks, HFCs and NBFCs may not charge prepayment or foreclosure fees as per their credit policies.

Minimum Income Requirements for availing Home Loans in Vadodara

Lenders usually offer home loans in Vadodara to salaried applicants with monthly incomes of at least Rs 10,000 and self-employed applicants with annual incomes starting from Rs 1 lakh.

Eligibility Criteria of Home Loans in Vadodara

Some of the main home loan eligibility conditions for most lenders offering home loans in Vadodara are as follows:

Job Profile

Banks, HFCs and NBFCs usually offer loans for salaried individuals working in govt. institutions, private & public sector units. Self-employed professionals (like accountants, lawyers, doctors, architects, etc.) and non-professionals (like contractors, commission agents, traders, etc.) are also eligible for availing home loans in Vadodara.

Age

Home loan lenders operating in Vadodara usually provide loans to applicants aged 18 years and above while stipulating that borrowers should repay the entire loan amount till they reach 70 years of age.

Nationality

Home loan lenders usually prefer resident Indians with some lenders also offering NRI Home Loans to NRI, PIO and OCI applicants.

Credit Score

Home loan lenders operating in Vadodara usually prefer prospective borrowers with minimum CIBIL/credit scores of 730. Hence, such loan applicants are more likely to avail home loans at lower interest rates.

Work Experience

Lenders offering home loans in Vadodara prefer salaried applicants with work experience of minimum 2 years and self employed applicants with at least 2 years in terms of business continuity.

Documents Required for Home Loans in Vadodara

Prospective borrowers availing home loans in Vadodara usually have to submit the below mentioned home loan documents:

For Salaried Applicants

• KYC documents: Driving license, PAN card, passport, voter ID, KYC documents etc.
• Proof of Employment: Appointment letter, employment contract, letter of promotion/increment, etc.
• Income proof: Form 16, Last 3 month salary certificates, last 6 month bank statement showing salary credits, etc.
• Bank statements showing repayment of ongoing loans, if any
• Property related documents
• Cheque for processing fee favouring the home loan provider
• Proof of own contribution

Additional Documents for Self-Employed Applicants

• Last 3 years ITR with income calculation
• Balance sheet and P&L account of last 3 years attested by a chartered accountant (CA)
• Last 6 months savings bank account statement of the applicant and current account statement of the business entity
• Business profile
• Business address proof
• Latest form 26AS

Note: The documents required for home loans may also include additional documents, apart from the ones mentioned above, based on the profile of loan applicants.