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 Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    9.65% - 10.65% Fixed
    7,500 to ₹20,000
    1L - 2Crs Up to 75% of property value
    30 Years
    Response Time Within 30 minutes
    What you'll love
    Fees & Charges
    Eligibility Criteria

    Bank Of Baroda Home Loan is Rated as "Excellent!" by 51 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service



    Bank of Baroda (BOB) is an Indian state-owned banking and financial services company headquartered in Vadodara (earlier known as Baroda) in Gujarat, India. It is the second-largest bank in India, and offers a range of banking products and financial services to corporate and retail customers through its branches and through its specialised subsidiaries and affiliates. It has been a long and eventful journey of almost a century across 25 countries. Starting in 1908 from a small building in Baroda to its new hi-rise and hi-tech Baroda Corporate Centre in Mumbai, is a saga of vision, enterprise, financial prudence and corporate governance. To be a top ranking National Bank of International Standards committed to augmenting stake holders' value through concern, care and competence.


    You’re probably eligible for an Bank of Baroda Home Loan if you are

    Bank of Baroda Home Loan Minimum Age

    At least 21 years old

     Bank of Baroda Home Loan Maximum Age

    Less than 60 years old

    Bank of Baroda Home Loan Eligible Employment Type

    Salaried / Self-employed
    with regular income

    Bank of Baroda Home Loan Minimum Income

    Earn more than the minimum
    income required


    Your Bank of Baroda Home Loan amount eligibility is based on these factors

    Bank of Baroda Home Loan Minimum Salary

    Earn more than the minimum
    income required

    Bank of Baroda Home Loan Maximum Loan to property value

    Loan capped @ 75% of property value

    Bank of Baroda Home Loan EMI

    EMIs of other loans lower
    your eligibility


    Increase your eligible Bank of Baroda Home Loan amount by these steps

    Bank of Baroda Home Loan Add Spouse as Co-applicant

    Make your spouse a co-applicant,
    and her income will add
    to your eligibility

    Bank of Baroda Home Loan Maximum Tenure

    Choose longer tenure loan up to 30 years

    Bank of Baroda Home Loan Add parents as Co-applicant

    Alternatively add your parents


    Documentation needed to apply for an Bank of Baroda Home Loan

    • 1. Signed application form with photograph
    • 2. ID and residence proof
    • 3. Last 3 months bank statements
    • 4. Latest Salary certificate/ Last 3 months Salary-slips
    • 5. Documentation for salaried applicants:
      • Form 16/Income tax returns (2 years)
    • 6. Documentation for self-employed applicants:
      • Income Tax Returns for latest year


    Bank of Baroda Home Loan Interest RatesUpdated on 24 Oct 2016

    Bank of Baroda Home Loan Details
    Interest Rate 9.65% to 10.65%
    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


    Bank of Baroda Home Loans Overview:

    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

    Features of Bank of Baroda Home 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 credit limit of Rs. 2 lakh.
    • 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%

    Bank of Baroda Home Loan Documentation:

    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 & Fees:

    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 9.65% (1-year MCLR + strategic premium of 0.25%) to 10.65% (1-year MCLR + strategic premium of 0.25% + 1%)
    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

    Other applicable fees and charges for a home loan are:

    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.

    Bank of Baroda Home Loan MCLR:

    Banks have shifted to Marginal Cost of Funds-Based Lending Rate from Base Rate from April 1, 2016 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 9.15%
    1 month 9.20%
    3 months 9.30%
    6 months 9.35%
    1 year 9.4%
    3 years 9.4%
    5 years 9.6%

    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.

    The base rate fixed by Bank of Baroda as on July 1, 2016 is 9.6%, which is applicable to borrowers before April 1, 2016. 

    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.

    News About Bank of Baroda Home Loan

    • Bank of Baroda Planning To Cut Down Loan Approval Times

      Bank of Baroda (BoB) has decided to sanction home loans and automobile loans at an expedited pace.

      BoB General Manager P Narasimha Rao said the bank has reduced the time taken to approve home loans to 6 days through digitalisation. The bank aims at cutting this time down further to 1 hour, he said.

      Automobile loans currently take up to 3 days to be approved, and the bank will strive to sanction them in minutes, he added.

      Bank of Baroda also plans to open savings accounts within 5 minutes and improve the efficiency of ATMs. 

      4th August 2016

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      25th July 2014

    • Transferring Home Loans

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      5th June 2014

    • Before shifting your home loan

      Start planning immediately before you shift your home loan. Read more

      1st May 2014


    Bank Of Baroda Home Loan Reviews

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