Bank of Baroda Home Loan
BoB or Bank of Baroda offers a broad spectrum of home loans to fulfil all your home buying needs at the lowest interest rates. Catering to all customer types, including salaried, self employed, and NRIs, Bank of Baroda offers extensive home loan amounts ranging from Rs. 1 crore to Rs. 20 crores with a maximum tenure of 30 years. And if you'sre worried about repayments, count on Urban Money'ss expert guidance for better loan management. Calculate your EMI and apply for a BoB home loan today!
OTP Send
Enter 6 Digit OTP
We have just sent a verificaton code to
Mobile XXXXX
Send the code again
Change mobile number/email address
Check Bank of Baroda Home Loan Eligibility
Home Loan Banks | Interest Rate | Processing Fee | Rating | Loan Amount/Tenure | |
|---|---|---|---|---|---|
Bank of Baroda | 8.6% - 10.3% | Up to 0.5% | ₹1L - ₹10Cr Tenure(Up to 30 Years) | Details |
Features and Benefits of Bank of Baroda Home Loan
Given below are some of the features and benefits of Bank of Baroda home loan products:
- Bank of Baroda offers home loan products customised to meet the needs of every customer.
- The approved home loan amount depends on the income and geographical location of the applicant.
- Offers affordable interest rates, low processing charges and flexible repayment tenure of up to 30 years.
- No hidden fees or penalties for prepayment.
- The home loan interest rate is linked to the Baroda Repo Linked Lending Rate, which is reset on a monthly basis.
- The interest rate is charged on the reducing loan balance on a daily basis.
- There is a moratorium period of up to 36 months after the loan amount has been disbursed.
- Bank of Baroda also accepts collateral in the form of purchased or constructed property. Collaterals are also accepted in the form of shares, debentures, promissory notes, insurance policies, etc.
Bank of Baroda home loan helps you manifest your dream home hassle-free. With attractive home loan schemes up its sleeve, BOB offers extensive loan amounts of up to Rs. 10 crores at interest rates starting from 6.5% per annum for a maximum flexible tenure of 30 years.
- 3-step instant loan approval in just 30 minutes
- Longer and flexible repayment tenure
- No processing fee
Eligibility Criteria for Bank of Baroda Home Loan
Given below are the basic eligibility criteria for availing of a Bank of Baroda home loan:
| Eligibility Factor | Criteria |
| Age | For Applicant:
|
| Type of Citizenship |
|
| Employment Type |
|
Fees and Charges for Bank of Baroda Home Loan
The table given below shows the various fees and charges associated with a Bank of Baroda Home Loan:
| BOB Interest Rates | 8.6% p.a. to 10.3% p.a. |
| Loan Amount | Upto Rs. 10 crores |
| Processing Charges | Up to 0.50% (Min. Rs. 8,500; Max. Rs. 25,000) |
| Penal Interest Rate | Not available |
| Prepayment Charges | Nil |
| Maximum Tenure | 30 Years |
| Rate Packages Available | Floating only |
Required Documents for Bank of Baroda Home Loan
Given below are the set of documents that you will be required to submit to avail a home loan from the Bank of Baroda:
| Identity Proofs (Any One) | Address/Residence Proofs | DOB Proofs |
| Passport | Voter ID card | Birth Certificate |
| PAN card | Aadhaar card | Passport |
| Driving licence | Passport | Voter ID |
| Aadhaar card | Copy of utility bills | Aadhaar card |
| Voter ID card | Driving Licence |
Bank of Baroda Home Loan Customer Care Details
Given below is how you can reach Bank of Baroda customer care regarding any query or grievance regarding your home loan product:
| Toll-Free Numbers | 18002584455 18001024455 |
| By Post | Baroda Bhavan, 7th Floor, R.C. Dutt Road, Vadodara-390 007, (Gujarat), India. |
| E-Mail Address | cs.ho@bankofbaroda.com |
Need Loan Assistance?
Connect with Home Loan Advisor Now!
Bank Of Baroda's Calculators
Check Eligibility
Bank Of Baroda's Other Products
Bank Of Baroda's IFSC Codes
- Bank Of Baroda Andaman and Nicobar
- Bank Of Baroda Andhra Pradesh
- Bank Of Baroda Assam
- Bank Of Baroda Bihar
- Bank Of Baroda Chandigarh
- Bank Of Baroda Chhattisgarh
- Bank Of Baroda Dadra and Nagar Haveli
- Bank Of Baroda Daman and Diu
- Bank Of Baroda Delhi
- Bank Of Baroda Goa
- Bank Of Baroda Gujarat
- Bank Of Baroda Haryana
- Bank Of Baroda Himachal Pradesh
- Bank Of Baroda Jammu and Kashmir
- Bank Of Baroda Jharkhand
- Bank Of Baroda Karnataka
- Bank Of Baroda Kerala
- Bank Of Baroda Madhya Pradesh
- Bank Of Baroda Maharashtra
- Bank Of Baroda Manipur
- Bank Of Baroda Meghalaya
- Bank Of Baroda Mizoram
- Bank Of Baroda Nagaland
- Bank Of Baroda Odisha
- Bank Of Baroda Puducherry
- Bank Of Baroda Punjab
- Bank Of Baroda Rajasthan
- Bank Of Baroda Tamil Nadu
- Bank Of Baroda Telangana
- Bank Of Baroda Tripura
- Bank Of Baroda Uttarakhand
- Bank Of Baroda Uttar Pradesh
- Bank Of Baroda West Bengal
Home Loan By Other Banks
- Axis Bank Home Loan
- HDFC Bank Home Loan
- ICICI Bank Home Loan
- Bajaj Finserv Home Loan
- IndiaBulls Home Loan
- Canara Bank Home Loan
- CITI Bank Home Loan
- DHFL Home Loan
- YES Bank Home Loan
- Union Bank of India Home Loan
- Federal Bank Home Loan
- IndusInd Bank Home Loan
- State Bank of India Home Loan
- IDFC FIRST Bank Home Loan
- Punjab National Bank Home Loan
- Hero FinCorp Home Loan
- IDBI Bank Home Loan
- Kotak Bank Home Loan
- Deutsche Bank Home Loan
- Punjab National Bank Housing Finance Home Loan
- Tata Capital Housing Finance Limited Home Loan
- Standard Chartered Bank Home Loan
- Hero Housing Finance Home Loan
- Punjab & Sind Bank Home Loan
- Godrej Housing Finance Home Loan
- Reliance Capital Home Loan
- Ujjivan Small Finance Bank Home Loan
- Indian bank Home Loan
- Capital First Ltd. Home Loan
- Home First Finance Company Home Loan
- Muthoot Finance Ltd Home Loan
- RBL Bank Home Loan
- Vastu Housing Finance Home Loan
- Clix Capital Home Loan
- Aditya Birla Finance Limited Home Loan
- L&T Finance Home Loan
- Poonawalla Fincorp Limited Home Loan
- Piramal Housing Finance Home Loan
- Fullerton India Home Loan
- IIFL Finance Home Loan
- Edelweiss Financial Services Home Loan
- Bank of India Home Loan
- Aadhar housing Finance Home Loan
- DCB Bank Home Loan
- Capri Global Home Loan
- Bank of Maharashtra Home Loan
- HDFC Sales Home Loan
- Cholamandalam Finance Home Loan
- HSBC Home Loan
- LIC Housing Finance Home Loan
- Housing Development Finance Corporation Home Loan
Financial Calculators
FAQs
From refinancing to reducing your interest, we have the answers right here.
How much home loan should I take?
It is always advised to carefully analyse your monthly income and expenses before deciding on a loan amount. You should ensure that you have adequate funds to repay the loan amount after subtracting your monthly obligations.
What is the average tenure for a Bank of Baroda home loan?
Bank of Baroda usually sanctions a home loan with a maximum tenure of up to 30 years. However, under no circumstances will the home loan term be more than retirement age or 65 years (whichever is earlier).
What is the ideal CIBIL score for a Bank of Baroda Home Loan?
Bank of Baroda usually takes an all-inclusive view of home loan applications. This means that the applicant’s credit score is not the only criteria determining the borrower’s eligibility. However, lenders usually view a credit score over 700 as the ideal lending score.
What are the prepayment charges on BOB home loans?
Currently, the Bank of Baroda does not charge any prepayment fees towards the early repayment of a home loan.
What are the processing charges for a Bank of Baroda home loan?
Currently, the Bank of Baroda charges no processing fee on most of their home loan products. However, certain products attract a processing fee of 0.5% of the approved loan amount.
Does the Bank of Baroda offer higher interest rates to non-salaried applicants?
Yes, the Bank of Baroda charges an additional 0.10% interest from non-salaried applicants.
Does adding a co-applicant improve approval chances?
Yes, applying with a co-borrower has improved chances of acquiring a Bank of Baroda home loan. Bank of Baroda accepts immediate relatives of the applicant as a qualified co-borrower. However, if the co-applicant is not a close relative, they should be the joint owner of the property in question.
Should I also add my spouse's salary while applying for a BOB home loan?
Yes, you can also consider your spouse’s salary while applying for a BOB home loan. However, this is only applicable if your spouse is the co-applicant for the loan.
Get your latest Credit Score, FREE
Home Loan Guide
Get in-depth knowledge about all things related to loans and your finances
Pradhan Mantri Awas Yojana 2023:24 – Latest Update
In the latest update made by Finance Minister in the Union Budget 2023-24, Pradhan Mantri Awas Yojana received a major boost in fund assistance to 66%. This translates to the scheme receiving INR 79,000 Crores. Additi
Top10 Best Bank for Home Loan In 2023
We have compiled a list of the best banks for home loan in India 2023 based on the home loan value it offers to the borrower. These banks offer a variety of home loan programs with numerous advantages and
Home Loan For Women 2023
Home loans for women is offered by many lending institutions operating in India. One can claim a loan amount from anywhere between Rs 2 Lakhs to upto Rs 10 Crores. The interest rate offered on the home loan to women c