SBI Home Loan Vs BoB Home Loan

Compare State Bank of India (SBI) versus Bank of Baroda (BoB) home loan interest rate and other charges so that you can find out which is the best home loan for you. Your dream of owning your own home can now become a reality faster and in a more affordable way by understanding the interest rates and other attractive features of the loans offered by these two leading banks.

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Compare SBI Home Loan Vs BoB Home Loan

The different rates, charges, and features of SBI home loan vs BoB home loan are given below:

Compare	SBI Home Loan	Bank of Baroda Home Loan
Interest Rate	8.40% p.a. - 10.70% p.a.	6.50% p.a. to 7.95% p.a.
Processing Fees	0.40% of loan amount + GST Minimum: Rs.10,000 + GST Maximum: Rs.40,000 + GST	Contact the bank
Popular Home Loan Products	SBI Regular Home Loan SBI Balance Transfer of Home Loan SBI NRI Home Loan SBI FlexiPay Home Loan SBI Privilege Home Loan SBI Shaurya Home Loan SBI Pre-approved Home Loan SBI Realty Home Loan SBI Home Top Up Loan SBI Bridge Home Loan SBI Smart Home Top Up Loan SBI YONO Insta Home Top-Up Loan SBI Corporate Home Loan SBI Home Loan to Non-Salaried - Differential offerings SBI Tribal Plus SBI Earnest Money Deposit SBI Reverse Mortgage Loan SBI CRE (Commercial Real Estate) Home Loan SBI Loan against Property (P-LAP)	Baroda Home Loan Baroda Home Loan Advantage Baroda Pre Approved Home Loan Home Improvement Loan Baroda Home Suvidha Personal Loan Baroda Top Up Loan Baroda Home Loan Takeover Scheme Pradhan Mantri Awas Yojana Credit Risk Guarantee Fund for Low Income Housing (CRGFS) Interest Subsidy Scheme for Housing the Urban Poor
Retail Lending Rate	EBR: 6.65%	BRLLR: 6.50%
Loan Amount	Contact the bank	Contact the bank
Loan Tenure	30 years	30 years
Lowest EMI	Rs.649	Rs.632
Eligibility	Resident Indian Between 18 to 70 years of age	Resident Indians and NRIs
Prepayment Charges	Nil	Nil
Penal Interest Rates	2% p.a.	Contact the bank

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Which Bank Offers the Lowest Home Loan Interest Rate - State Bank of India Vs Bank of Baroda?

Both State Bank of India (SBI) and Bank of Baroda (BoB) are banks that offer a wide range of home loans that cater to different requirements with interest rates being affordable and varying according to different categories. SBI offers interest rate concessions for women borrowers of 05 basis points. BoB's interest rate is linked to the Baroda Repo Linked Lending Rate (BRLLR) to which the risk rating of the applicant is also added. This can result in varying interest rates for different individuals depending on which loan scheme is being applied for. The quantum of finance applied for will also have a bearing on the final interest rate.

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