A "low interest" loan shouldn't mean you have very little interest in paying it back!
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    Bank Of Baroda Home Loan

    Bank of Baroda home loan interest rate starts from 8.70% p.a. onwards, with tenures up to 30 years with easy repayment options. The bank offers loan amount of up to Rs.10 crore and the processing fees on Bank of Baroda housing loans ranges from as low as 0.25% of the loan amount. The bank charges zero prepayment charges for a floating rate of home loans. One of the key features of the Bank of Baroda home loan is that you can opt for a top-up loan for up to five times during the loan period. 

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    Bankbazaar Bank Of Baroda Home Loan
    We found 1 Bank Of Baroda Home Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    8.30% - 9.35% Floating
    7,500 to ₹20,000
    1L - 2Crs
    30 Years
    Response Time : Within 30 minutes
    What you'll love
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    Perks
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    Bank of Baroda offers housing finance up to Rs.10 crore to eligible customers looking to purchase/construct their dream home or improve/extend an already existing property. The home loans attract an interest rate starting from 8.65% p.a. and a processing fee up to 0.50% of the loan amount.

    Extended loan tenures up to 30 years and zero charges on pre-payments and foreclosure ensure a comfortable loan repayment period. The Bank of Baroda also offers free accident insurance on all their loans.

    Bank of Baroda Home Loan Schemes

    Baroda Home Loan

    Key Highlights
    • Attractive interest rates and low processing fees
    • Repayment tenures up to 30 years
    • Free accident cover on your housing loan
    Interest Rate Processing Fee
    8.65% p.a. to 9.65% p.a. Up to 50% of the loan amount (Min. Rs.7,500; Max. Rs.20,000)

    Baroda Home Loan Advantage

    Key Highlights
    • Borrowers can choose to deposit his/her savings to the savings bank account to avail interest benefits in the loan account.
    • Sanctioned loan linked to the savings bank account.
    • Interest calculated on the daily outstanding credit balance in the savings bank account.
    • EMIs auto-recovered from the loan-linked savings bank account
    Loan Slab Interest Rate Processing Fee
    Up to Rs.75 lakh 8.65% p.a. to 9.65% p.a. Full waiver of processing fee (Rs.7,500 plus GST payable upfront)
    Above Rs.75 lakh 8.90% p.a. to 9.90% p.a.

    Bank of Baroda Home Improvement Loan

    Key Highlights
    • Attractive floating interest rates linked to one-year MCLR
    • Maximum moratorium period of 36 months
    • Maximum loan amount of Rs.1 crore in semi-urban and rural areas; Rs.5 crore in metro cities and Rs.10 crore in Mumbai
    • Group credit life insurance cover for the borrower and his/her family.
    Interest Rate Processing Fee
    8.65% p.a. to 9.65% p.a. Up to 50% of the loan amount (Min. Rs.7,500; Max. Rs.20,000)

    Baroda Home Loan Advantage for NRI/PIOs

    Key Highlights
    • Sanctioned loan linked to the savings bank account
    • Borrowers can deposit their savings to the linked account to enjoy better interest benefits in the loan account
    • Interest charged on daily outstanding credit balance in the linked savings bank account
    • EMIs recovered only from the linked savings account
    Loan Slab Interest Rate Processing Fee
    Up to Rs.75 lakh 8.65% p.a. to 9.65% p.a. Rs.7,500 plus GST payable upfront
    Above Rs.75 lakh 8.90% p.a. to 9.90% p.a.

    Baroda Home Improvement Loan for NRI/PIOs

    Key Highlights
    • Can be availed for the purpose of improvement/repair/renovation of an existing property.
    • Loan tenures up to 30 years with maximum moratorium period of 3 years
    • Zero charges on prepayment of loan
    • Interest charged on daily reducing balance at monthly rests
    Interest Rate Processing Fee
    8.65% p.a. to 9.65% p.a. Up to 50% of the loan amount (Min. Rs.7,500; Max. Rs.20,000)

    Baroda CRE Home Loan to NRI/PIOs

    Key Highlights
    • Suitable for NRI/PIO borrowers looking to avail housing finance for his/her third house onwards
    • Applicable rate of interest is set 0.25% higher than the regular Baroda Home loan for NRI/PIOs
    • No prepayment and foreclosure charges
    Interest Rate Processing Fee
    8.90% p.a. to 9.90% p.a. Up to 50% of the loan amount (Min. Rs.7,500; Max. Rs.20,000)

    Baroda Home Loan for NRI

    Key Highlights:
    • Competitive rates of interest
    • Free accidental insurance offered on the loan
    • Extended loan repayment tenures up to 30 years

    Use Bank of Baroda Home Loan EMI Calculator to Know Your EMI

    Calculate the EMI payable towards your Bank of Baroda housing loan using the BankBazaar Home Loan EMI Calculator. All you have to do is key in a few parameters such as loan amount, applicable interest rate, tenure and the processing fee. The automized tool calculates your EMI on the basis on the entered values and provides the break-up of the total amount payable during the entire loan tenure.

    A detailed amortization schedule indicating all your debt repayments towards the principal and interest component of your home loan is also provided.

    Bank of Baroda Home Loan Eligibility Criteria

    Eligibility Criteria Requirement
    Age Applicant:
    • Minimum Age: 21 years
    • Maximum Age: 70 years
    Co-applicant:
    • Minimum Age: 18 years
    • Maximum Age: 70 years
    Residency Status
    • Resident Indian
    • Non-Resident Indian (NRI)
    • Person of Indian Origin (PIO)
    Type of Employment The applicant can be:
    • Salaried
    • Self-employed

    Document Required for All Home Loan Applicants Under Bank of Baroda

    Identity Proof (any one)
    • Valid Passport
    • PAN Card
    • Driving License
    • Voter ID
    • Aadhaar Card
    Proof of Residence (any one)
    • Aadhaar Card
    • Voter ID
    • Driving License
    • Passport
    • Copy of Utility Bills
    Age Proof (any one)
    • Birth Certificate
    • Voter ID
    • Valid Passport
    • Aadhaar Card
    Proof of Income
    • Latest Form 16 or Income Tax (IT) Returns
    • Last 6 months’ bank account statements
    Other Documents
    • Processing fee cheque favouring the bank
    • Duly filled and signed application form with passport size photographs of the applicant and co-applicants

    Bank of Baroda Pradhan Mantri Awas Yojana

    Bank of Baroda offers housing finance to eligible families and beneficiaries through the Credit Linked Subsidy Scheme (CLSS) under the Pradhan Mantri Awas Yojana Scheme (PMAY). Under this scheme, beneficiaries can avail interest subsidies ranging from 3.00% to 6.50% depending on the income category they belong to. The categories eligible under PMAY are:

    • Economically Weaker Section (EWS)
    • Low Income Group (LIG)
    • Middle Income Group (MIG –I & MIG – II)
    Category Annual Household Income Interest Subsidy
    EWS Up to Rs.3 lakh 6.50%
    LIG Rs.3 lakh to Rs.6 lakh 6.50%
    MIG - I Rs.6 lakh to Rs.12 lakh 4.00%
    MIG - II Rs.12 lakh to Rs.18 lakh 3.00%

    Bank of Baroda Home Loan Resource Centre

    Bank of Baroda Home Loan FAQs

    1. What is the maximum home loan amount I am eligible for?

      Bank of Baroda offers housing finance up to Rs.1 crore for eligible customers in the rural and semi-urban areas. While borrowers in the metro cities can avail loans up to Rs.5 crore, the maximum loan amount one is eligible for in Mumbai is Rs.10 crore.

    2. How is my EMI calculated?

      The Equated Monthly Instalment (EMI) payable towards to your loan is calculated by using the formula:

      EMI = [P x R (1 + R) ^N] / [(1 + R) ^N - 1]

      Where,

      P = Principal loan amount

      R = Rate of interest per month

      N = Loan tenure

    3. What are the prepayment charges on home loans?

      Bank of Baroda does not charge you any penalty on prepayments towards your loan at present.

    4. What are the processing charges applicable on my loan?

      While the bank charges a processing fee up to 0.50% of the loan amount plus applicable taxes on their housing loans, some loan products can also be availed with a full waiver of processing charges.

    5. What is the applicable interest rate on Bank of Baroda housing loans?

      As of 17 April 2019, the rate of interest associated with Bank of Baroda home loans starts at 8.65% p.a. This brings the EMI per lakh down to Rs.780 for loan tenures up to 30 years.

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    Bank Of Baroda Home Loan Reviews

    • Bank of Baroda Home Loan
      "Service should be improved"
      0.5 2.0/5 "Expected more"
      Bank of Baroda taken long time to process my home loan application. But the best thing the interest rate is good. They have fulfilled my need by approving the entire amount , the processing fee was there it was minimal. But I suggest the service needs lots of improvement because they collected documents five times from me it was really disappointed.
      Was this review helpful? 2
      , new delhi
      Reviewed on Jun 08, 2019
    • Bank of Baroda
      Bank of Baroda Home Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have taken Home Loan through Bank Of Baroda took before 4 months ,the rate of interest and processing fee was good and nominal ,the loam amount was 52lakhs for the tenure of 25years ,the loan amount got on time it was sufficient ,directly applied with bank ,I have submitted documents as well ,so far not faced any issue ,The process was very smooth as well .
      Was this review helpful? 0
      , chennai
      Reviewed on May 14, 2019
    • Bank of Baroda Home Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I took a home loan with Bank of Baroda in the year of 2012. The interest rate is reasonable and there was no processing fee which was the major benefit. The customer service is helpful and have taken a residential property. The loan duration is 25 years.
      Was this review helpful? 1
      , hyderabad
      Reviewed on May 13, 2019
    • Bank of Baroda Home Loan
      "Good Offline support"
      0.5 5.0/5 "Blown Away!"
      The rate of interest is good in Bank of Baroda since its a government bank, the staff are helpful and they assisted to get the loan amount on time. My principal amount is Rs. 51 lakhs for the duration of 25 years, I got floating interest of 8.5% it was affordable.
      Was this review helpful? 0
      , mumbai
      Reviewed on Apr 26, 2019
    • Bank of Baroda Home Loan
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      I have taken the housing loan with the BANK OF BARODA and i would like to give them more than 5 star rating because the the service is very good with this bank. They have given the loan amount which is satisfactory and the rate of interest was 8.7% with this loan.
      Was this review helpful? 1
      , new delhi
      Reviewed on Mar 09, 2019
    • Bank of Baroda Home Loan
      "Its Good"
      0.5 4.0/5 "Great!"
      Bank of Baroda branch is located near to my place, hence I done home loan balance transfer from HDFC to this bank. For the remaining out standing of Rs.18.60 lakhs from 20 lakhs. The paper work was smooth for the balance transfer, my home loan transfered within 33 days. I am not fully satisfied with all parameters because I am not aware of the complete benefits.
      Was this review helpful? 2
      , kolkata
      Reviewed on Feb 18, 2019
    • Bank of Baroda Home Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      I took a home loan with Bank of Baroda and it has been cleared. The rate of interest was reasonable. I took this loan before 10 years. I think have done a foreclosure with 1% or 2% which I don't remember now. I have purchased a residential property.
      Was this review helpful? 4
      , mumbai
      Reviewed on Feb 07, 2019
    • Bank of Baroda Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I had taken a Home loan with Bank of Baroda and the time when i submitted application for home loan, they have considered my application and also they processed my application on time . There was no hurdle and it was a easy go. Overall it is average service with bank of Baroda.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jan 26, 2019
    • Bank of Baroda Home Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I have taken a home loan with Bank of Baroda and my experience was good, the loan amount was sufficient and the rate of interest was nominal when compared to other banks. Customer service was good and they responded on time. Tenure period for this loan is 27 years.
      Was this review helpful? 1
      , bhubaneshwar
      Reviewed on Jan 21, 2019
    • Bank of Baroda Home Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      The experience i had with this loan has been quite good where the process was very simple and smooth. The loan amount which they had provided has been sufficient and the interest rate which they offered me was very less when compared with the market rate. The charges which they had made has been nominal as well.
      Was this review helpful? 3
      , navi mumbai
      Reviewed on Jan 18, 2019
    • Bank of Baroda Home Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I had taken a Home loan with Bank of Baroda and the time when i submitted application for home loan, they have considered my application and also they processed my application on time . There was no hurdle and it was a easy go. The interest rates i have on my loan is 9.45%.
      Was this review helpful? 2
      , mumbai
      Reviewed on Jan 13, 2019
    • Bank of Baroda Home Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      The experience with this Home loan has been quite good and the loan amount which they had provided has been satisfactory as well. The interest rate with them has been nominal when compared with the market rate and the processing fee has been not too high. There has not been any sort of charges which they had made so far.
      Was this review helpful? 3
      , ahmedabad
      Reviewed on Dec 20, 2018
    • Bank of Baroda Home Loan
      "AVERAGE"
      0.5 3.0/5 "Satisfactory"
      The interest rate is very higher with this loan. The core banking is higher rate of interest but the duration is for 15 years ti repay the and i have closed the loan. Pre closer i have done with applicable charges with 1%. The process is not quick to get the loan.
      Was this review helpful? 0
      , chennai
      Reviewed on Dec 01, 2018
    • Bank of Baroda Home Loan
      "Good Experience"
      0.5 4.5/5 "Excellent!"
      My home loan with Bank of Baroda, since 1994 I have experience with them hence they gave me flexible interest. They have disbursed the amount of Rs. 4.5 lakhs for the total tenure period of 15 years. On 2009 I have closed my loan and I got my noc letter.
      Was this review helpful? 2
      , nasik
      Reviewed on Nov 12, 2018
    • Bank of Baroda Home Loan
      "GOOD"
      0.5 4.0/5 "Great!"
      I have taken the housing loan from the BANK OF BARODA before 3 months. The documentation process is simple and easy. The loan amount is sufficient and also the rate of interest is higher also it is a floating. The duration to repay is for 5 years.
      Was this review helpful? 0
      , kota
      Reviewed on Nov 04, 2018
    • Bank of Baroda Home Loan
      "Worst Experience"
      0.5 3.0/5 "Satisfactory"
      When i was in a process of applying Home Loan,It took a long time as they have not given me a first preference though I am a Govt employee. They made easier for IT professional people but for me they dragged things. There use to be big fine charges if the date gets miss.My phone number was shared to other sources and that was annoying.
      Was this review helpful? 2
      , bangalore
      Reviewed on Oct 11, 2018
    • Bank of Baroda Home Loan
      "Bank of Baroda"
      0.5 5.0/5 "Blown Away!"
      My housing Loan process very smooth dealing ,interest rate super, ppm branch manager+all staff support ,my loan offer OK, ppm other Bank it my Baroda very good so port so very happy thanks my rate 5.00 ,my friends and reliance and I am very much happy with them.
      Was this review helpful? 3
      , pallipalayam
      Reviewed on Sep 02, 2018
    • Bank of Baroda Home Loan
      "Can work on charges"
      0.5 5.0/5 "Blown Away!"
      My home loan is with Bank of Baroda. The process to get the loan was smooth and easy and there were no hassles in the documentation. The rate of interest is normal, the only drawback is if there is a delay in EMI payment for one day there are charges taken.
      Was this review helpful? 2
      , mumbai
      Reviewed on Aug 30, 2018
    • Bank of Baroda Home Loan
      "Good"
      0.5 3.5/5 "Pretty good"
      My home loan was taken with BANK OF BARODA 20 years back. The loan amount was 20 lakhs and the interest rate was average . The tenure period was 10 years . The customer service and responses was good. The executives were every helpful and the processing fee was nominal.
      Was this review helpful? 2
      , new delhi
      Reviewed on Jul 25, 2018
    • Bank of Baroda Home Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      My home loan experience with Bank of Baroda was good, the loan amount was for Rs 25 lakhs with nominal interest rate when compared to other banks. Customer service was good and they collected documents on time. The tenure period for this loan is for 15 years.
      Was this review helpful? 1
      , ahmedabad
      Reviewed on Jun 11, 2018
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