Bank of Baroda Home Loan

4.5

Bank of Baroda home loan makes it easier to turn your dream home into reality. You can use the loan to buy a new property, construct a house, or upgrade your current one. The process involves clear documentation and efficient approval timelines, ensuring minimal delays. The Bank of Baroda housing loan is designed to meet different financial needs with flexible repayment plans and personalised options. Their customer support team is always ready to guide you at every step. Choose Bank of Baroda for a reliable and straightforward path to homeownership.

Unlock Best Home Loan Offers From Bank Of Baroda

Choose City

Bank of Baroda Home Loan

Interest Rate

9.15% - 10.2%

Loan Amount

₹10L - ₹10Cr

EMI Per Lakh

₹2,083 - ₹2,135

Processing Fees

Up to 1% of the loan amount

Pre-Payment Charges

NIL

Plan Offered

Term Loan

Showing Data for CIBIL Score 800 - 1000

Baroda Home Loan With Insurance

  • CIBIL: 800 - 1000

  • CIBIL: 771 - 799

  • CIBIL: 751 - 770

Baroda Home Loan With Insurance

CIBIL: 800 - 1000

View more

CIBIL Score range

  • CIBIL: 800 - 1000

  • CIBIL: 771 - 799

  • CIBIL: 751 - 770

  • CIBIL: 726 - 750

  • CIBIL: 0 - 0

  • CIBIL: 771 - 1000

  • CIBIL: 751 - 770

  • CIBIL: 726 - 750

  • CIBIL: 701 - 725

  • CIBIL: 0 - 0

  • CIBIL: 701 - 725

  • CIBIL: 0 - 700

Showing Data for CIBIL Score 800 - 1000

  • Salaried
  • Self-Employed (Non-Professional)
  • Self-Employed
Loan AmountLoan TypeMen (ROI)Women (ROI)
Upto 30 LacsNew8.40%8.40%
Above 30 LacsNew8.40%8.40%
  • Salaried
  • Self-Employed (Non-Professional)
  • Self-Employed
CityLoan AmountLoan TypeMen (ROI)Women (ROI)
MumbaiUpto 30 LacsNew8.40%8.40%
Above 30 LacsNew8.40%8.40%
PuneUpto 30 LacsNew9.15%9.15%
Upto 30 LacsNew8.40%8.40%
Above 30 LacsNew8.60%8.60%
Above 30 LacsNew8.40%8.40%
Pimpri-ChinchwadUpto 30 LacsNew8.40%8.40%
Above 30 LacsNew8.40%8.40%

Last updated on: 20, Aug 2025

Overdraft

Showing Data for CIBIL Score 771 - 1000

Baroda Home Loan Advantage With Insurance

  • CIBIL: 771 - 1000

  • CIBIL: 751 - 770

  • CIBIL: 726 - 750

Baroda Home Loan Advantage With Insurance

CIBIL: 771 - 1000

View more

CIBIL Score range

  • CIBIL: 771 - 1000

  • CIBIL: 751 - 770

  • CIBIL: 726 - 750

  • CIBIL: 701 - 725

  • CIBIL: 0 - 0

  • CIBIL: 771 - 1000

  • CIBIL: 751 - 770

  • CIBIL: 726 - 750

  • CIBIL: 701 - 725

  • CIBIL: 0 - 0

Showing Data for CIBIL Score 771 - 1000

  • Salaried
  • Self-Employed (Non-Professional)
  • Self-Employed
Loan AmountLoan TypeMen (ROI)Women (ROI)
Upto 75 LacsNew8.60%8.60%
75 Lacs to 20 CrNew8.90%8.90%
  • Salaried
  • Self-Employed (Non-Professional)
  • Self-Employed
CityLoan AmountLoan TypeMen (ROI)Women (ROI)
MumbaiUpto 75 LacsNew8.60%8.60%
75 Lacs to 20 CrNew8.90%8.90%

Last updated on: 20, Aug 2025

Features and Benefits of Bank of Baroda Home Loan

Attractive Interest Rates

Apply for Bank of Baroda home loan to get competitive interest rates on home loans, making it more affordable for borrowers to repay their loans over time. It can go as low as 9.15%, depending upon the borrower.

Flexible Repayment Tenure

Bank of Baroda offers a flexible repayment tenure, allowing borrowers to select a duration that aligns with their financial capacity, providing ease in loan management and ensuring a comfortable loan repayment experience.

Balance Transfer Facility

Bank of Baroda offers a convenient Balance Transfer Facility, enabling borrowers to seamlessly transfer their existing home loans from other financial institutions to Bank of Baroda. By opting for this service, borrowers can take advantage of more favourable interest rates and other advantageous terms, leading to potential cost savings and reduced EMI burden.

Pradhan Mantri Awas Yojana (PMAY)

PMAY is a government scheme offering affordable housing benefits to eligible borrowers, catering to various income groups and promoting improved living standards.

Bank of Baroda Home Loan Apply Online

Bank of Baroda facilitates an easy and convenient online application process, enabling customers to apply for Bank of Baroda home loan from the comfort of their homes.

Don’t miss to Check: Bank of Baroda Home Loan Interest Rates

Types of Bank of Baroda Home Loans

The Bank of Baroda claims to be your easy path to homeownership in India. It has launched specific home loan solutions to simplify the process and make your dream home a reality. Want to purchase, renovate, or reduce your interest payments? There’s a home loan for every story. Take a quick look at these popular Bank of Baroda home loan options that are available, and click on each to discover more details.

Baroda Home Loan to Corporates / Non Individuals

Loan Amount Access higher loan amounts depending on the project size and collateral value.
Features
  • It is specially designed for corporations and other organisations looking to finance large real estate acquisitions.
  • Flexible tenure and attractive interest rates to match corporate cash flow cycles
  • Top-up and takeover facilities are available.
EMI Customised repayment plans to suit organisational structures.
Who can Apply
  • Corporates / non-individuals
  • Public Ltd Cos.
  • Pvt. Ltd. Companies
  • Partnership Firms / LLPs

Baroda Max Savings Home Loan

Features
  • Maximise your savings by reducing the interest burden over the Bank of Baroda housing loan tenure.
  • The bank can offset your interest against outstanding loan amounts.
  • ROI will be zero on the Savings account
EMI Auto Recovery EMI.
Who Benefits This option is ideal for those who prefer financial flexibility and want to make their money work harder while repaying their loan.

Baroda Home Loan Takeover Scheme

Easy Top-Up Loan From
  • Other Banks
  • HFCs
  • NBFCs
  • FIs
Features
  • A top-up loan facility is available if you need extra funds during the transfer.
  • Free Credit Card
  • Zero pre-closure charges
  • Interest charges on daily reducing balance
Why Choose This Loan
  • Special schemes, if paid 12+ EMIs with no income proofs
  • Minimum documentation

Explore more about Bank of Baroda Home Loan Takeover Scheme.

Home Improvement Loan

Features
  • Quick disbursement process to ensure you start your home improvement project without delays.
  • Flexibility to spend
  • Minimal documentation
Use this Loan for
  • Renovations
  • Purchase of new furniture
  • Repairs and upgrades
  • Fittings and furnishings
EMI Enjoy up to 6 months of no EMI payments, with a loan tenure of up to 15 years, including the moratorium period.

Baroda Pre-Approved Home Loan

Features
  • Get your  Bank of Baroda home loan approved before finalising your property, securing peace of mind.
  • Greater flexibility.
EMI Based on approved loan amount and tenure.
Who Benefits
  • First-time homebuyers and property investors
  • Indian Residents
  • Non-resident Indians (NRIs) with an Indian passport, or Persons of Indian Origin (PIOs) and Overseas Citizens of India (OCI) holding foreign passports.

Baroda Top-Up Loan

Features
  • Access additional funds on your existing home loan for personal or professional needs.
  • The bank calculates competitive interest rates on a daily-reducing basis.
Why Choose This Loan
  • It is ideal for those needing extra liquidity, whether for home renovations, education, or other personal needs
  • No Hidden Charges
  • Low processing fee
By leveraging the equity in your existing home, you can access additional funds to
  • Renovate or expand your home
  • Consolidate debts
  • Fund personal or educational expenses

Explore more about Bank of Baroda Home Top-Up Loan.

Baroda Home Suvidha Personal Loan

Features
  • Special personal loans can be used for home-related expenses such as furnishing or relocation.
  • Quick approval and easy documentation process for disbursement
Purpose
  • 100% finance for group credit life, health insurance, and property insurance premiums with bank-tied insurers (India First, Max Bupa, Tata AIG, etc.)
  • 75% finance for stamp duty, registration charges, GST (if applicable), and club membership fees during property purchase.
  • Reimbursement within 12 months from the payment date

Credit Risk Guarantee Fund Scheme for Low-Income Housing

Loan Amount & Coverage
  • Housing loans up to ₹8 lakh for home improvement, construction, or purchase of new/second-hand homes.
  • No collateral or third-party guarantees are required for loans up to ₹5 lakh.
Features
  • Government-backed Bank of Baroda housing loan scheme to lower-income groups
  • Flexible repayment options and minimal documentation
  • Housing societies or groups of at least 20 eligible borrowers can also avail of this scheme.
Eligibility
  • Economically Weaker Section (EWS) with household income up to ₹1,00,000 per annum
  • Lower Income Group (LIG) with household income between ₹1,00,001 and ₹2,00,000 per annum.

Baroda Yoddha Home Loan for Defence Personnel

Features
  • Special home loan scheme tailored for defence personnel
  • Relaxed eligibility criteria and lower interest rates.
Loan Tenure Upto 30 years
Why Choose This Loan
  • Easy top-up loans
  • Low processing charges
  • Low interest rates

Explore more about Bank of Baroda Yoddha Home Loan For Defence.

Disclaimer: Interest rates, processing fees, and other charges are subject to change by the Bank of Baroda. Please contact the bank for updates on the latest rates, fees, and terms.

Bank of Baroda Home Loan Fees and Charges

Before you apply for a Bank of Baroda home loan, it’s essential to be aware of the various fees and charges associated with the loan. Banks and lending institutions typically impose a one-time charge known as the Home Loan processing fee on various Home Loan products. This fee is separate from the loan amount and is paid by the borrower to cover the costs incurred by the lender or bank during the loan processing. While some banks may offer special waivers on these processing charges, Bank of Baroda, for instance, may charge around Rs. 8,500, depending on the property’s value and loan type. Additionally, fees for loan top-ups may vary, so it is advisable to seek advice from a consultant before proceeding with the loan application.

Documents Required for Bank of Baroda Home Loan

Applicants need to submit a few documents when applying for a Bank of Baroda home loan. A few of them being:

Proof of Identity

Passport Aadhaar Card
Driving License Voter ID

Proof of Address

  • Recent utility bills like electricity, water, or gas bills indicating the applicant’s residential address
  • Passport
  • Ration Card
  • In the case of rented accommodation, a registered rental agreement may be submitted as address proof.

Income Proof

  • Latest salary slips showcasing the applicant’s monthly income and deductions (applicable to salaried individuals).
  • Bank statements for the last six months reflecting the applicant’s income and financial transactions.
  • Filed income tax returns for the previous financial years, demonstrating the applicant’s income details (for salaried and self-employed individuals).

Other Documents

Property’s NOC Building plan approval
Completion certificate Recent passport-size photographs

How does the EMI calculation work for the Bank of Baroda Home Loan?

Bank of Baroda uses the Equated Monthly Installment (EMI) method for loan repayments. Borrowers pay a fixed EMI each month, comprising the principal amount and interest. EMI calculation considers loan amount, interest rate, and chosen repayment tenure. This structured approach ensures predictability and easier financial planning for borrowers. The system streamlines the loan repayment process, facilitating a seamless borrowing experience. Customers can confidently manage their loan obligations with clarity and transparency. The EMI calculation depends on the loan amount, interest rate, and the chosen repayment tenure.

The formula to calculate EMI is:

EMI = [P x R x (1+R)^N]/[(1+R)^N-1] 

Where,

  • P = Loan principal amount
  • R = Monthly interest rate
  • N = Loan tenure in months

Balance Transfer Bank of Baroda Home Loan

If a borrower already has a home loan from another financial institution, they have the option to transfer it to the Bank of Baroda through the balance transfer facility. This borrower-friendly provision empowers individuals to capitalise on the potential benefits of lower interest rates and improved loan terms, which can ultimately lead to a reduced EMI burden and enhanced savings over the loan tenure. However, borrowers should exercise caution and conduct a comprehensive evaluation of the associated costs and potential advantages before opting for a balance transfer. Careful consideration of the overall impact is essential to ensure that the balance transfer brings significant financial advantages to the borrower. Seeking advice from financial experts or consultants can be beneficial in making an informed decision.

Don’t miss to Check: Home Loan Balance Transfer Calculator

FAQs

From loans to affordable interest rates, we have the answers for everything you need to know.

What is the maximum loan amount I can get from Bank of Baroda?

Bank of Baroda offers home loans up to ₹20 crore, but few borrowers borrow that much. Most take a loan that fits their budget. For larger homes or top-ups, additional loans are available at slightly higher interest rates. Approval is contingent upon income, financial stability, and credit history. The bank assesses these factors before approving larger sums.

Can self-employed professionals apply for a Bank of Baroda home loan?

Yes, they can. If you’re running your practice or business, the bank will still consider your application. You’ll need to show at least two years of income, which can be demonstrated through tax returns, bank statements, or audited financial records. As long as the earnings look stable and you're not carrying too much other debt, they usually process it like any other home loan. The key is proving that your income comes in regularly.

Is the CIBIL score important for getting a home loan from the Bank of Baroda?

Yes, it’s one of the key factors they consider. A strong credit score tells them you’ve handled money responsibly before, no missed payments, no messy records. Anything above 700 is generally alright, but if you’re closer to 775 or beyond, you’ll likely get better terms. If your score is low, the loan may still be approved, but the interest rate could be higher, or the amount may be reduced. It’s not just about the score, though; they’ll also check how you’ve been repaying over time.

Can NRIs apply for a home loan with Bank of Baroda?

Yes, they can. If you're living abroad and planning to buy property in India, the bank does allow that. The paperwork might take a bit more effort, though. You’ll need to share income proof from your current country, as well as a few additional documents. It depends on where you're based and what kind of work you do. The rest of the process works about the same. You can borrow a pretty high amount, and they usually offer long repayment timeframes. What matters is that everything looks clean on paper and your income feels steady.

What is the processing fee for Bank of Baroda home loans?

You’ll need to pay a small fee when you apply, covering admin and document checks. For loans ₹50 lakh or less, the fee is 0.5% or at least ₹8,500. Larger loans have slightly lower percentages, but max at ₹25,000. Fees vary if switching banks or adding loans. GST is extra, so costs may be higher.

Are there any prepayment or foreclosure charges for Bank of Baroda home loans?

If your loan is a floating-rate loan, you can pay it off early without incurring any extra charges. There is no penalty for closing it off completely or paying a chunk in between. For fixed-rate loans, it’s a bit different; some cases do come with a fee, but not all. It depends on how far along you are in the loan process and what type of plan you have. There’s no hard and fast rule here, so it’s worth pulling out your loan copy or asking the branch before making a move.

What is the repayment tenure for Bank of Baroda home loans?

It can extend up to 30 years, usually the maximum. Some choose shorter plans, while others opt for longer ones, based on what the bank deems suitable. Younger individuals with stable incomes often secure longer tenures. If you are near retirement or have a small loan, the term is shorter. There’s no universal rule — it depends on age, income, and loan size. The bank primarily wants to ensure that you can make payments.

What is the minimum and maximum tenure allowed for Bank of Baroda home loans?

There’s no strict rule on the shortest term, but it’s generally around 5 years or so. On the higher side, the bank allows repayment periods of up to 30 years, if your age and profile support it. What they look at is whether you’ll be able to repay comfortably over time. So someone in their late twenties might get the full stretch, while someone closer to retirement age may be offered something much shorter. The tenure isn’t fixed, it’s adjusted based on who you are and the stability of your finances.

Can I transfer my existing home loan to Bank of Baroda?

You can transfer your home loan to Bank of Baroda if you're unhappy with your current bank or find a better rate. Known as a balance transfer, it helps reduce interest payments. You'll need to resubmit documents and re-evaluate the property, but if the numbers work, switching is usually beneficial. Many borrowers lower their EMI with this option, and you can too.

When does Bank of Baroda disburse the home loan amount?

It typically occurs after the paperwork has been cleared. The bank doesn’t release the money straight after approval. Your documents must be verified, the property must be inspected, and the legal check must come back clean. Once all that’s in place and the agreement is signed, the loan amount is paid out. If it’s an under-construction property, they might not provide the full amount in one payment. It’s often done in stages, depending on how far the work has progressed.

Does the Bank of Baroda conduct legal and technical verification before disbursing home loans?

Yes, they do. Before releasing the loan, the bank makes sure everything about the property checks out. They’ll have a lawyer review your documents to ensure the ownership is clear and that everything is in order on the legal side. At the same time, someone visits the site to see how things look in real life, not just what’s written in the brochure or plan. If something doesn’t add up, they’ll hold back the money till it’s sorted. It’s just their way of avoiding surprises later.

Can I get a top-up loan on my existing Bank of Baroda home loan?

Yes, you can request a top-up if your current loan is managed well. The bank reviews your repayment history and income to see if you qualify for more borrowing. Consistently paying EMIs and having a remaining repayment period increase your chances of getting a loan. The top-up amount depends on what you’ve repaid and what you qualify for. It's a way to borrow more against the same property without a new loan.

Get your latest Credit Score, FREE

Latest from the Home Loan Blog

Get in-depth knowledge about all things related to Home Loan and your finances

Top 5 Legal Documents You Need for a Hassle-Free Home Loan Process
Vimal VijayanJun 18, 2025

Top 5 Legal Documents You Need for a Hassle-Free Home Loan Process

Getting a home loan can be smooth if you have all the right documents. Lenders need certain legal documents for a home loan to verify your identity, income, and property details. Having these ready in

Home Loan Exemptions : Tax Rebates, High Savings
Aayush KukrejaApr 03, 2025

Home Loan Exemptions : Tax Rebates, High Savings

A home loan can not only get you your dream home —it can also help you save on taxes! Home loan exemptions offered by the Income Tax Act (1961) allow borrowers to claim rebates that lower their taxabl

Home Loan Disbursement Process For Under Construction Property​
Rishabh BaisoyMar 25, 2025

Home Loan Disbursement Process For Under Construction Property​

Investing in under-construction properties offers affordability and long-term benefits. It is a popular choice among homebuyers. These properties provide flexible payment plans and potential appreciat

Understanding Principal and Interest – An Introduction
Satyam SachdevaMar 25, 2025

Understanding Principal and Interest – An Introduction

Money makes the world go round, but borrowing it can sometimes feel like a puzzle. When you take a loan, you hear words like “principal” and “interest” tossed around, but what do they actually mean? T

7 Ideal Practices to Accelerate Your Home Loan Repayment
Vimal VijayanMar 24, 2025

7 Ideal Practices to Accelerate Your Home Loan Repayment

Homeowners need to pay off their mortgages. This means repaying the loan amount and interest to the lender over a specific duration. A repayment plan usually involves monthly payments, often called a

Urban Money