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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 Home Loan is Rated as "Excellent!" by 91 Users

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    Promised Interest Rate

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    Home Loan BYTES FROM OUR KITCHEN

    Bank Of Baroda Home Loan

    Home loans are one of the easiest means of owning a house for the salaried class and small businesspersons. Home loans allow you to own a house without massive upfront investments. Longer loan tenure, low interest rates and high loan amounts work in favor of home loans. All major banks offer home loans to its customers.

    Bank of Baroda’s home loans can be used for various home-related purposes such as:

    1. Purchase of a newly constructed house
    2. Purchase of an existing house
    3. Purchase of a plot
    4. Construction of a house
    5. Home improvement and extension
    6. Transfer of home loan from another bank

    Bank of Baroda Home Loan Interest RatesUpdated on 20 Nov 2018

    Bank of Baroda Home Loan Details
    Interest Rate 8.30% to 9.35%
    Processing Fees 0.5% - 0.25% of the Loan Amount (Min of Rs.7500 to Max of Rs.20,000)
    Loan Tenure 30 years
    Pre-closure Charges Nil

     

    Features of Bank of Baroda Home Loan:

    Bank of Baroda Housing Loan

    Here are some of the reasons why you should choose home loans offered by Bank of Baroda:

    • Bank of Baroda offers different home loan products: Normal Home Loan, Home Loan to NRIs and PIOs; Home Improvement Loan; Baroda Home Loan Advantage; Baroda CRE Home Loan; and Baroda CRE Home Loan (Advantage).
    • The repayment tenure depends on the age and income of the borrower.
    • The bank offers both fixed and floating rates of interest for its home loans.
    • The home loan will be linked to savings account which adds to the advantage of the home loan account. The interest on home loan is calculated based on the daily outstanding balance in the savings account.
    • EMIs can be paid through the linked savings account and post-dated cheques or other means of remittance are not required.
    • Bank of Baroda Home Loans come with a complimentary Personal Accident Insurance for specific periods.
    • Home loan customers also get a credit card complimentary for the first year, with a loan limit of Rs. 2 lakh and above.
    • Home loan customers get a discount of 0.25% in interest rate on car loans and 0.5% in interest rate for Loan for Consumer Durables.
    • You can avail top-up on your home loan up to 5 times during the loan period. The minimum top-up loan amount is Rs. 1 lakh, while the maximum is either Rs. 2 crore or 75% of the residual value of the house after subtracting 150% of the outstanding loan amount, whichever is lower.
    • There are no charges in case the customer wishes to pre-pay the loan in part or full.

    Bank of Baroda Home Loan Eligibility:

    To be eligible for Bank of Baroda Home Loan, you need to meet the following criteria:

    • Minimum age: 21 years
    • Maximum age: Salaried individuals should have at least 1 year of service pending
    • Maximum repayment period: 30 years

    Minimum salary details have not been specified by the bank, but details can be obtained from any branch office of the bank. Loan eligibility is as follows:

    Monthly Income Loan Availability
    Up to Rs. 20,000 Monthly Income X 36
    More than Rs. 20,000 and up to Rs. 1 lakh Monthly Income X 48
    More than Rs. 1 lakh Monthly Income X 54

    The ratio of loan to value (LTV) – which is the amount of loan you can avail in proportion to the value of the property – is as mentioned below:

    Loan amount LTV
    Up to Rs. 30 lakh 90%
    More than Rs. 30 lakh and up to Rs. 75 lakh 80%
    More than Rs. 75 lakh 75%

    Documentation Required for Bank of Baroda Home Loan:

    Those wishing to obtain a home loan from Bank of Baroda need to have the following documents at hand:

    • Passport size photographs
    • Proof of identity, residence and age
    • Proof of office/business address
    • Bank statements of the last 6 months
    • Copy of Income Tax Returns of the last 3 years
    • Proof of investments such as insurance, fixed deposits or shares and stocks
    • Payslips of the last 3 months for salaried persons
    • For business owners/self-employed persons: Verified copies of Balance Sheets, Profit and Loss accounts, IT Return, assessment orders, advance tax challans (for both company/firm and personal account) for the last 3 years
    • Copy of documents related to the property to be purchased

    Bank of Baroda Home Loan Interest Rate:

    The interest rates for various Bank of Baroda Home Loan products are as follows:

    Loan Product Interest Rate
    Baroda Home Loan, Baroda Home Improvement Loan One year MCLR to One year MCLR +1.00% (As per Risk Rating of the applicant/s.)
    Baroda Home Loan Advantage Up to Rs.75 lakh: as per normal home loan rate More than Rs.75 lakh: 0.25% higher than normal rate
    Baroda CRE Home Loan 0.25% more than normal home loan rate
    Baroda CRE Home Loan (Advantage) Up to Rs.75 lakh: 0.25% higher than normal rate
    More than Rs.75 lakh: 0.50% higher than normal rate

    BOB Applicable Fees and Charges for Housing Loan:

    Unified processing charges: 0.5% of the loan amount if the loan is less than Rs. 50 lakh with a minimum of Rs.7,500 and a maximum of Rs. 12,500, and 0.25% of the loan amount if the loan is more than Rs. 50 lakh with a minimum of Rs.7,500 and a maximum of Rs.20,000. For home loan takeover schemes, Rs.7,500 is levied.

    For Additional Assured Advance (AAA), it is 0.25% of the loan amount with a minimum amount of Rs.5,000 to Rs.12,500 (maximum)

    Bank of Baroda Home Loan MCLR:

    Banks have shifted to Marginal Cost of Funds-Based Lending Rate from Base Rate from 07.10.2018 as per an RBI directive. The interest rates on various products will be based on these MCLR. The relevant MCLR rates of the bank are as given below:

    Loan Tenor MCLR Rate
    Overnight 8.05%
    1 month 8.10%
    3 months 8.20%
    6 months 8.40%
    1 year 8.55%

    Bank of Baroda has set its benchmark MCLR for home loans as the 1-year MCLR. RBI allows banks to add a spread to the MCLR to arrive at the final interest rate for its loan products.

    Bank of Baroda Home Loan EMI Calculator:

    Using an EMI Calculator is a great way to arrive at approximate EMIs and find out what interest rate, loan tenure and EMI works the best for you. You can determine the EMI for the loan amount you are seeking by making use of the EMI Calculator on BankBazaar.com.

    • Go to BankBazaar.com and click on the Menu tab on top right corner of the page.
    • Click on ‘Finance Tools’ and choose the ‘EMI Calculator’ option.
    • Using sliders, you can adjust the loan amount and tenure.
    • Type in the interest rate of Bank of Baroda Home Loan and the processing fees.
    • You can also indicate whether you want to make any pre-payments. Once all data has been input, click on ‘Calculate’.
    • The EMI wizard will come up with results and charts based on the data you provided.
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    Bank Of Baroda Home Loan Reviews

    • 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? 1
      , 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? 2
      , 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
    • 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 loan experience was very good. The loan amount was for Rs 17 lakhs with rate of interest of 8.35% which is nominal when compared to other banks. Customer service was good and they responded on time. The tenure period of this loan is 15 years.
      Was this review helpful? 1
      , mumbai
      Reviewed on Mar 26, 2018
    • Bank of Baroda Home Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have taken Home loan with Bank of Baroda,the loan amount is 13 lakhs,The tenure is 20years,i paid my EMI 9800 paid by cheque.They collected documents door step and had disbursed the loan within a day.I have no processing fees for the same.
      Was this review helpful? 0
      , kanpur
      Reviewed on Feb 14, 2018
    • Bank of Baroda Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I got the home loan from the BANK OF BARODA around a year ago. The customer support service is good with the BANK OF BARODA . They have offered me a home loan based on my salaried account. They had disbursed the loan amount within a day time. The rate of interest and the charges are average with the BANK OF BARODA.
      Was this review helpful? 0
      , bhimavaram
      Reviewed on Feb 12, 2018
    • Bank of Baroda Home Loan
      "Average banking service"
      0.5 3.0/5 "Satisfactory"
      The response part need to be improved with the BANK OF BARODA branch staffs. They need to give immediate response to the customers. I have got the home loan from BANK OF BARODA around a year ago. The rate of interest and the charges are average with BANK OF BARODA when compared with other banks.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 30, 2018
    • Bank of Baroda Home Loan
      "Good"
      0.5 4.0/5 "Great!"
      I have purchased a residential property with the help of Bank of Baroda. It was closed by last year. The services are good and easy to process. The rate of interest was better than others. There are no pre closure charges and the part payment option is good.
      Was this review helpful? 1
      , thane
      Reviewed on Jan 25, 2018
    • Bank of Baroda Home Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      My home loan was taken with BANK OF BARODA 1 month back . The loan mount was 80 lakhs and the interest rate was 8.3% which was satisfactory . The loan process was really good and they have sanctioned the loan with the committed time. My overall experience was excellent .
      Was this review helpful? 3
      , mumbai
      Reviewed on Jan 05, 2018
    • Bank of Baroda Home Loan
      "Wonderful"
      0.5 5.0/5 "Blown Away!"
      I am having the home loan with the Bank of Baroda and the interest rate is good one for me. They have disbursed the loan amount within respect to the builder respect. Everything is good one with the Bank of Baroda
      Was this review helpful? 3
      , new delhi
      Reviewed on Dec 11, 2017
    • Bank of Baroda Home Loan
      "Home Loan may loose your account balance without knowing"
      0.5 0.5/5 "Unacceptable"
      Bank of Baroda home loan takeover from HDFC is my big mistake in my life. lots of hidden charges and it will go up to 40000 (forty thousand) all to gether initially marketing or sells person will say only 8500. Total harassing and taken lots of hidden charges they are promising saying you can't do anything because you have signed in agreement. Please double check before going to BOB home loan waste of time and money. Please contact me if any one required more clarification. I will guide you on my best how to deal with BOB people before applying for the same. Home loan.
      Was this review helpful? 6
      , pune
      Reviewed on Nov 13, 2017
    • Bank of Baroda Home Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I have taken a home loan from Bank of Baroda and the bank is excellent in the customer services. They inform me the details clearly and then proceed ahead for the loan. The interest rate and processing charges are also reasonable and the after loan services are good.
      Was this review helpful? 1
      , vadodara
      Reviewed on Nov 08, 2017
    • Bank of Baroda Home Loan
      "Average Experience"
      0.5 2.5/5 "Just OK"
      I already taken home loan from BOB, they gave me average experience. My builder got a tie up with Bank of India. I booked a flat it was approved with them. I took loan of Rs. 18 lakhs for the tenure of 12 years they gave me best interest and process was hassle free.
      Was this review helpful? 1
      , nagpur
      Reviewed on Oct 27, 2017
    • Bank of Baroda Home Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      It was a very time process with the Bank of Baroda for the Loan against property. They completed the loan process on time and also offered a good rate of interest and processing fee. The services are very smooth and there was no struggle to get the loan.
      Was this review helpful? 1
      , visakhapatnam
      Reviewed on Oct 16, 2017
    • Bank of Baroda Home Loan
      "average"
      0.5 2.0/5 "Expected more"
      I have approached BANK OF BARODA for my home loan. I was looking for 15 lakhs and the interest rate was 8.855 which was average but they have asked me to start a fixed depostie for 3 lakhs to proceed with my home loan process . Their customer service and responses was not satisfactory . They are not providing door step service for the documentation collection also. My overall experience was average .
      Was this review helpful? 1
      , vapi
      Reviewed on Oct 14, 2017
    • Bank of Baroda Home Loan
      "Good"
      0.5 4.0/5 "Great!"
      The home loan process went good with bank of Baroda. The loan got processed easily on time. The customer service and the executive with bank of Baroda is very good. The rate of interest is very nominal. The executive came to my place to collect the document, good.
      Was this review helpful? 2
      , ahmedabad
      Reviewed on Sep 30, 2017
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