Urban Money

Bank of Baroda Home Loan

Bank of Baroda

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!

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Home Loan Banks

Interest Rate

Processing Fee


Loan Amount/Tenure

Bank of Baroda Home Loan Interest Rate

Bank of Baroda

8.6% - 10.3%

Up to 0.5%


₹1L - ₹10Cr

Tenure(Up to 30 Years)


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:
  • Minimum age of 21 years
  • Maximum age of 70 years
For Co-applicant:
  • Minimum Age of 18 years
  • Maximum Age of 70 years
Type of Citizenship
  • Indian Resident
  • NRI
  • Person of Indian Origin                 
Employment Type
  • Self-Employed
  • Salaried

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


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.

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