Bank of Baroda Home Loan

Bank of Baroda Home Loans starting at just 8.4% p.a.

Bank of Baroda offers attractive interest rates on home loans starting at 8.4% p.a..The loan tenure can be extended up to 30 years, ensuring a Read More...

Use the loan for various needs - buying a new house (ready-built, under construction, or pre-owned), building a new home, or renovating your existing one. You can even switch your existing home loan from another bank to Bank of Baroda.

Bank of Baroda Home Loan Highlights

Loan Amount	Upto 20 Crores
Tenure	Upto 30 years
Rate of Interest	8.4% onward
Processing Fee	Nil, subject to recovery of out of pocket expenses up to 10000/- plus GST incurred by the bank for legal and technical evaluation of the property.
Prepayment/Foreclosure Charges	Nil
Max Tenure	30 years
Foreclosure Charges	Nil

Bank of Baroda Home Loans Comparison Table

Compare Bank of Baroda Home loan interest rates with other lenders to find the best deal. See how Bank of Baroda competitive rates stack up in our comprehensive comparison table.

Name of Lender	Amount Up to	Interest Rate	Tenure
Axis Bank	₹10 cr	8.75% Onwards	Up to 20 years

Bank of Baroda Home Loan EMI calculator

Enter the loan amount, interest rate, and loan tenure into the Bank of Baroda home loan EMI calculator below to determine your monthly EMI and the total interest due over the loan period.

Principal: ₹50,00,000

Rate of Interest: 9%

Tenure (in months): 120

EMI: ₹63,337.89

Total interest: ₹26,00,546.8

Total principal: ₹50,00,000

Bank of Baroda Home Loans Eligibility

Bank of Baroda Standard Home Loans

Bank of Baroda Home Loan Advantage

Bank of Baroda Home Improvement Loan

Bank of Baroda Balance Transfer Scheme

Bank of Baroda Standard Home Loans

Bank of Baroda provides home loan options to applicants for purchase of ready built property, purchase of under construction property, purchase of pre-owned homes, Purchase of Plot, Plot + Construction of a House, construction of a house, extension of house and repair/renovation. The maximum loan amount that can be sanctioned under this scheme is 20 Crores for a maximum repayment tenure of 30 years.

Bank of Baroda Home Loan Schemes

Bank of Baroda provides a range of home loan schemes with interest rates starting from 8.4%, including options like Regular Home Loan with benefits for women and no pre-payment fees, Rural Housing Loans for people in rural areas, Home loan balance transfer for home loan borrowers.

Loan Type	Interest Rate (p.a.)	Processing Fee	Special Features
Bank of Baroda Standard Home Loan	From 8.4% onwards	Nil, subject to recovery of out of pocket expenses up to 10000/- plus GST incurred by the bank for legal and technical evaluation of the property.	No pre-payment charges Age 21-70 eligible
Bank of Baroda Home Loan Advantage	Nil, subject to recovery of out of pocket expenses up to 10000/- plus GST incurred by the bank for legal and technical evaluation of the property.	No pre-payment charges Age 21-70 eligible
Bank of Baroda Home Improvement Loan	From 8.4% onwards	Nil, subject to recovery of out of pocket expenses up to 10000/- plus GST incurred by the bank for legal and technical evaluation of the property.	No pre-payment charges Age 21-70 eligible
Bank of Baroda Balance transfer Scheme	From 8.4% onwards	Nil, subject to recovery of out of pocket expenses up to 10000/- plus GST incurred by the bank for legal and technical evaluation of the property.	No pre-payment charges Age 21-70 eligible

Bank of Baroda Home Loan Processing Fees and Charges

Bank of Baroda Home Loan Processing Fees

Bank of Baroda Home Loan Application charges

Bank of Baroda Home Loan Prepayment charges

Bank of Baroda does not charge any processing fees on loan subject to recovery of out of pocket expenses up to Rs.10000/- plus GST such as legal and technical fees, and commission to sourcing agents.

How to Apply for Bank of Baroda Home Loan?

Prospective borrowers interested in an Bank of Baroda home loan have the option to apply online either through the bank's official website, as outlined below:
Apply here

Via the Bank of Baroda Official Website

Visit the Bank of Baroda Home Loan official website.
Click on Apply now
Enter the necessary details to determine the eligible loan amount.
Complete the required information on right side and tap "Submit".

Documents Required for Bank of Baroda Home Loan

Following is the list of documents required for different categories of customers

Bank of Baroda Home Loan list of documents for Salaried

Bank of Baroda Home Loan list of documents for Self-employed professionals

Bank of Baroda Home Loan list of documents for Self-employed

Bank of Baroda Home Loan list of documents for Farmers

Bank of Baroda Home Loan list of documents for NRIs

Bank of Baroda Home Loan list of documents for Salaried

Identity and residence proof (KYC), such as an Aadhaar, PAN card, or Voter ID card.
Income proof, such as the last 3 months salary slip, the latest Form 16, and a six-month bank statement.
A Cheque for The Processing Fee for The Loan Application.
Property Documents Such as Sale Deed, NOC From the Builder or Housing Society, Advance Payment Receipt to The Builder, And Approved Construction Plan.

Property Related Documents

For New Home

Allotment letter copy/Buyer agreement
Payment receipt made to the developer

For Resale Home

Title deeds including previous chain of property documents
Agreement to sell copy
Initial payment receipt made to the seller

For Construction

Title deed of plot
Copy of the plan approved by Local Authorities
No encumbrance proof on the property
The total estimate of construction by a Civil Engineer/Architect

Bank of Baroda Home Loan Balance Transfer

Bank of Baroda offers Balance Transfer of home loan that enables a customer to transfer home loan from Scheduled Commercial Banks (SCBs), Private and Foreign Banks, Housing Finance Companies (HFCs) registered with National Housing Bank (NHB) and Borrower’s employers if they are Central/State Govt or their undertakings or Public Sector Undertaking subject to condition that the borrower should satisfy the eligibility criteria for availing Home Loan as per the bank' instruction and has serviced interest and/or installment of the existing loan regularly, as per the original terms of sanction. The borrower should have valid documents evidencing the title to the house/flat.

Bank of Baroda Home Loan Amount (LTV Ratio):

Loan Amount	Loan Percentage
Up to and including Rs 30 lakh	Up to 90% of property cost
Rs 30.01 lakh - Rs 75 lakh	Up to 80% of property cost
Above Rs 75 lakh	Up to 75% of property cost

Bank of Baroda Home Loan Customer Care

Bank of Baroda Home Loan Customer Care Toll-Free Number
Phone numbers: 1800 5700 / +91 79-66296009

Bank of Baroda Home Loan FAQ’S

Here are some of the frequently asked questions with regards to Bank of Baroda Home Loan

What is the current interest rate for Bank of Baroda home loans?

Bank of Baroda offers home loans starting from 8.4% p.a., varying based on the applicant's credit profile.

How do I calculate the interest cost for my Bank of Baroda home loan?

You can determine the interest cost using the Bank of Baroda Home Loan EMI Calculator. Simply input your loan amount, tenure, and interest rate into the calculator to obtain instant results.

What factors contribute to the fluctuation of Bank of Baroda home loan interest rates?

Bank of Baroda adjusts its housing loan rates in accordance with the repo rate. Changes in the repo rate prompt adjustments in the rates for existing Bank of Baroda home loan borrowers. Additionally, Bank of Baroda may modify the spread over benchmark rates during special or festive home loan offers.

Who is eligible to be a co-applicant for an Bank of Baroda Housing Loan?

Co-owners of the property must also be co-applicants for the Bank of Baroda Housing Loan. However, not all co-applicants need to be co-owners; close family members are typically permitted as co-applicants.

Can I make early payments toward my outstanding home loan amount?

Yes, partial or full prepayment of your home loan amount is allowed before the loan tenure ends. Bank of Baroda does not impose prepayment charges on home loans with floating interest rates.

How can I lower my Bank of Baroda Home Loan interest rate?

You can reduce your Bank of Baroda Housing Loan interest rate by transitioning from a higher interest rate to a lower one. Bank of Baroda charges a conversion fee for rate reductions, or alternatively, you can transfer your home loan to another lender offering lower rates.

What are the pre-closure charges for Bank of Baroda home loans?

Kotak Mahindra Bank does not levy prepayment fees on home loans with floating interest rates. For fixed-rate home loans, prepayment incurs a fee on the outstanding loan amount plus applicable taxes, except when using own sources for pre-closure.

What is the disbursement process for Bank of Baroda Home Loans?

After property and document verification and completion of the 'own contribution' or down payment, Bank of Baroda sanctions the home loan. Disbursement can be requested online or offline and is contingent on construction progress.

Is my spouse's income considered in calculating the home loan amount?

Yes, your spouse's income can bolster your home loan eligibility. Your spouse must provide income documents to Bank of Baroda for consideration.

What is the minimum credit score required for Bank of Baroda Home Loan applicants?

While Bank of Baroda doesn't specify a minimum credit score, it offers lower rates to applicants with scores of 750 and above.

Can I secure home loan approval while still deciding on a property?

Yes, you can apply for pre-approved home loan facilities based on your financial status, creditworthiness, and income. Property selection must occur within 6 months of loan sanction.