Bank of Baroda Home Loan
The Bank of Baroda home loan interest rate starts from 7.45% p.a. onwards, with tenures up to 30 years with easy repayment options. The bank offers loan amounts of up to Rs.10 crore and the processing fees on Bank of Baroda housing loans ranges from as low as 0.25% of the loan amount.
The bank charges zero prepayment charges for a floating rate of home loans. One of the key features of the Bank of Baroda home loan is that you can opt for a top-up loan for up to five times during the loan period.
Bank of Baroda Home Loan Details
Apply for Bank of Baroda home loans at floating rates linked to MCLR. Here is a quick snapshot of the BoB home loan plans you can choose from:
BRLLR | 8.15% |
Interest Rate Range(Floating & Fixed Rate) |
|
Loan Amount | Minimum: NA, Maximum: Rs.20 crore |
Processing Fees | Up to 0.50% (Min. Rs.8,500; Max. Rs.25,000) |
Penal Interest Rate | Not available |
Prepayment/Foreclosure Charges | Nil |
Max Tenure | 30 Years |
Rate Packages Available | Floating only |
Bank of Baroda's unified processing fee includes documentation charges, inspection and valuation charges, legal fees, and CERSAI fees, among other things. Visit our home loan processing charges page to know more.
Major Banks Offering Home loan In India
Bank of Baroda Home Loan Interest Rates
BoB housing loan offers interest rates linked to BLLR (Baroda Repo Linked Lending Rate). The current BLLR rate is 8.15% p.a.
The floating home loan interest rates are mentioned in the table below:
Product | Conditions | Rate of Interest |
Baroda Home Loan to Non-staff members | For Salaried | 7.45% p.a. to 9.20% p.a. |
For Non-salaried | 7.45% p.a. to 9.20% p.a. | |
Baroda Home Improvement Loan to Non-staff members | For Salaried | 7.45% p.a. to 9.20% p.a. |
For Non-salaried | 7.45% p.a. to 9.20% p.a. | |
Baroda Max Savings Home Loan – Up to Rs. 75 lakh | For Salaried | 7.45% p.a. to 9.20% p.a. |
For Non-salaried | 7.45% p.a. to 9.20% p.a. | |
Baroda Max Savings Home Loan – Above Rs. 75 lakh | For Salaried | 7.70% p.a. to 9.45% p.a. |
For Non-salaried | 7.70% p.a. to 9.45% p.a. | |
Baroda CRE Home Loan | For Salaried | 7.70% p.a. to 9.45% p.a. |
For Non-salaried | 7.70% p.a. to 9.45% p.a. | |
Baroda CRE Home Loan (Max Savings) - Up to Rs. 75 lakh | For Salaried | 7.70% p.a. to 9.45% p.a. |
For Non-salaried | 7.70% p.a. to 9.45% p.a. | |
Baroda CRE Home Loan (Max Savings) - Above Rs. 75 lakh | For Salaried | 7.95% p.a. to 9.70% p.a. |
For Non-salaried | 7.95% p.a. to 9.70% p.a. | |
Baroda Top Up Loan | For Salaried & Non-salaried | Applicable ROI on linked Home Loan (Based on BRLLR on the date of availment of Top up Loan) + Strategic Premium (0.25%) + 0.60% |
Note: The rates of interest listed above are as of August 2025 and are subject to change at the discretion of the bank
The home loan fixed interest rates are mentioned in the table below:
Product | Conditions | Rate of Interest |
Baroda Home Loan to Non-staff members | For Salaried | 9.15% p.a. to 10.20% p.a. |
For Non-salaried | 9.25% p.a. to 10.20% p.a. | |
Baroda Home Improvement Loan to Non-staff members | For Salaried | 9.15% p.a. to 10.20% p.a. |
For Non-salaried | 9.25% p.a. to 10.20% p.a. | |
Baroda Max Savings Home Loan – Up to Rs. 75 lakh | For Salaried | 9.15% p.a. to 10.20% p.a. |
For Non-salaried | 9.25% p.a. to 10.20% p.a. | |
Baroda Max Savings Home Loan – Above Rs. 75 lakh | For Salaried | 9.40% p.a. to 10.45% p.a. |
For Non-salaried | 9.50% p.a. to 10.45% p.a. | |
Baroda CRE Home Loan | For Salaried | 9.40% p.a. to 10.45% p.a. |
For Non-salaried | 9.50% p.a. to 10.45% p.a. | |
Baroda CRE Home Loan (Max Savings) - Up to Rs. 75 lakh | For Salaried | 9.40% p.a. to 10.45% p.a. |
For Non-salaried | 9.50% p.a. to 10.45% p.a. | |
Baroda CRE Home Loan (Max Savings) - Above Rs. 75 lakh | For Salaried | 9.65% p.a. to 10.70% p.a. |
For Non-salaried | 9.75% p.a. to 10.70% p.a. | |
Baroda Top Up Loan | For Salaried & Non-salaried | Applicable Fixed ROI on Linked Home Loan + Strategic Premium (0.25%) + 0.60% |
Compare: Home Loan Interest Rate all Banks
Note: The rate of interest listed above are as of 17 June 2025 and are subject to change at the discretion of the bank.
Bank of Baroda Home Loan Calculator
You can calculate your EMI in under a minute using the Bank of Baroda Home Loan EMI Calculator. Simply enter the loan amount, interest rate, term, and processing fee, then click "Calculate." Using the Home Loan EMI Calculator, you can figure out how much your EMI will be for your Bank of Baroda housing loan. Simply enter a few details such as the loan amount, appropriate interest rate, tenure, and processing fee. The automated tool calculates your EMI based on the supplied inputs and displays a breakdown of the total amount due over the life of the loan.
A complete amortisation plan is also provided, including all of your debt instalments for the principle and interest component of your house loan.
Bank of Baroda Home Loan EMI Calculation
Amount | 10 years | 20 years | 30 years |
Rs.10 lakh | Rs.11,870 | Rs.8,065 | Rs.6,992 |
Rs.20 lakh | Rs.23,740 | Rs.16,112 | Rs.13,984 |
Rs.30 lakh | Rs.35,611 | Rs.24,168 | Rs.20,976 |
Rs.50 lakh | Rs.59,351 | Rs.40,280 | Rs.34,961 |
*The interest rate of 7.45% p.a. has been taken into consideration for this loan EMI illustration. Your final EMI amount can vary based on the rate offered to you by the bank.
Calculate the EMI payable towards your Bank of Baroda housing loan using Home Loan EMI Calculator. All you have to do is key in a few parameters such as loan amount, applicable interest rate, tenure and the processing fee. The automized tool calculates your EMI on the basis on the entered values and provides the break-up of the total amount payable during the entire loan tenure.
A detailed amortization schedule indicating all your debt repayments towards the principal and interest component of your home loan is also provided.
Bank of Baroda Home Loan Schemes
Bank of Baroda offers housing finance up to Rs.10 crore to eligible customers looking to purchase/construct their dream home or improve/extend an already existing property. The home loans attract an interest rate starting from 7.45% p.a. and a processing fee up to 0.50% of the loan amount.
Extended loan tenures up to 30 years and zero charges on pre-payments and foreclosure ensure a comfortable loan repayment period. The Bank of Baroda also offers free accident insurance on all their loans.
- Baroda Home Loan
- Processing Fee: Up to 0.50% of the loan amount (Min. Rs.7,500; Max. Rs.20 crore)
- Repayment tenures up to 30 years
- Free accident cover on your housing loan
- Baroda Top Up Loan (Resident/NRO/PIOs)
- Processing Fee: Up to 0.35% of the loan amount
- Minimum loan amount is Rs.1 lakh and maximum loan amount is Rs.2 crore
- Repayment tenure is the balance period of the existing home loan
- Unified processing charges
- Bank of Baroda Home Improvement Loan
- Processing Fee: Up to 0.50% of the loan amount (Min. Rs.7,500; Max. Rs.20,000)
- Attractive floating interest rates linked to one-year MCLR
- Maximum moratorium period of 36 months
- Maximum loan amount of Rs.1 crore in semi-urban and rural areas; Rs.5 crore in metro cities and Rs.10 crore in Mumbai
- Group credit life insurance cover for the borrower and his/her family.
- Bank of Baroda Pre-Approved Home Loan
- In-principle approval of loan before property is identified
- Assured eligible loan amount
- Approval is valid for 4 months from date of issue
- Greater flexibility for negotiations with sellers or builders
- Baroda Home Improvement Loan for NRI/PIOs
- Can be availed for the purpose of improvement/repair/renovation of an existing property.
- Loan tenures up to 30 years with maximum moratorium period of 3 years
- Zero charges on prepayment of loan
- Interest charged on daily reducing balance at monthly rests
- Baroda CRE Home Loan to NRI/PIOs
- Suitable for NRI/PIO borrowers looking to avail housing finance for his/her third house onwards
- Applicable rate of interest is set 0.25% higher than the regular Baroda Home loan for NRI/PIOs
- No prepayment and foreclosure charges
- Baroda Home Loan for NRI
- Competitive rates of interest
- Free accidental insurance offered on the loan
- Extended loan repayment tenures up to 30 years
- Interest Subsidy Scheme for Housing the Urban Poor (ISHUP)
- Addresses the housing needs of the Low Income Group (LIG) and the Economically Weaker Section (EWS)
- For LIG, the average monthly income is up to Rs.10,000 to be eligible
- For EWS, the average monthly income is up to Rs.5,000 to be eligible
- Pradhan Mantri Awas Yojana (PMAY)
- Affordable housing benefits offered by Bank of Baroda under PMAY
- Interest subsidies or credit is offered on home loans
- Interest subsidy is based on the annual income category of the family
Bank of Baroda Pradhan Mantri Awas Yojana
Bank of Baroda offers housing finance to eligible families and beneficiaries through the Credit Linked Subsidy Scheme (CLSS) under the Pradhan Mantri Awas Yojana Scheme (PMAY). Under this scheme, beneficiaries can avail interest subsidies ranging from 3.00% to 6.50% depending on the income category they belong to. The categories eligible under PMAY are:
- Economically Weaker Section (EWS)
- Low Income Group (LIG)
- Middle Income Group (MIG -I & MIG - II)
Category | Annual Household Income | Interest Subsidy |
EWS | Up to Rs.3 lakh | 6.50% |
LIG | Rs.3 lakh to Rs.6 lakh | 6.50% |
MIG - I | Rs.6 lakh to Rs.12 lakh | 4.00% |
MIG - II | Rs.12 lakh to Rs.18 lakh | 3.00% |
Learn More: Pradhan Mantri Awas Yojana
Bank of Baroda Home Loan Eligibility Criteria
Eligibility Criteria | Requirement |
Age |
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Residency Status |
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Type of Employment |
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Document Required to Apply for Bank of Baroda Home Loan
Identity Proof (any one) |
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Proof of Residence (any one) |
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Age Proof (any one) |
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Proof of Income |
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Other Documents |
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FAQs on Bank of Baroda Home Loan
- What is the maximum home loan amount I am eligible for?
Bank of Baroda offers housing finance up to Rs.1 crore for eligible customers in the rural and semi-urban areas. While borrowers in the metro cities can avail loans up to Rs.5 crore, the maximum loan amount one is eligible for in Mumbai is Rs.10 crore.
- What are the prepayment charges on home loans?
Bank of Baroda does not charge you any penalty on prepayments towards your loan at present.
- What are the processing charges applicable on my loan?
While the bank charges a processing fee up to 0.50% of the loan amount plus applicable taxes on their housing loans, some loan products can also be availed with a full waiver of processing charges.
- How do I determine my Cibil Score for a Mortgage?
A bank or an individual should not determine the CIBIL score. The CIBIL assigns grades. To verify your CIBIL Score, utilise CIBIL/bob World.
- How can Home Loan interest rates be reduced?
You can switch your home loan to Bank of Baroda to benefit from reduced interest rates if your current lender's interest rate is higher. A house loan's interest rate is based on CIBIL score. In order to improve your CIBIL score, please practise financial discipline.
- What Is a Home Loan Mod?
The mortgage of the proposed residential unit is typically used as security for home loans. The MOD (Memorandum of Deposit of Title Deed) attests to the fact that you have delivered the title deeds to the bank and that a charge has been put on the property.
- Who is eligible to co-apply for a mortgage?
To increase eligibility, the applicant's close relatives may be enlisted as co-applicants. If the applicant wants to include a co-applicant who is not a close family, that person can only be taken into consideration if they are co-owners of the property.
- How Can Home Loan Emi Be Reduced?
If the interest rate with your current lender is higher, you can convert your home loan to Bank of Baroda to take advantage of a lower interest rate and lower your monthly payment. CIBIL score determines the rate of interest for a home loan. So, please practise financial restraint and raise your CIBIL score. The EMI will decrease when the interest rate decreases.
- Can I, however, pay off the loan early?
Yes, you'll have the choice to use your own funds to partially or completely prepay the loan before its due date.
- What serves as the loan's security?
Equitable mortgage of the property being financed serves as security for the loan.
News about Bank of Baroda Home Loan
BRLLR Lowered for Home Loans in Bank of Baroda
Following the Reserve Bank of India lowering the repo rate by 50 basis points on 6 June 2025, four major public sector banks have announced low RLLR (Repo Linked Lending Rates) for their home loans. The Bank of Baroda has reduced its BRLLR (Baroda Repo Based Lending Rate) from 8.65% to 8.15% for their home loan interest rate. This change will take effect on 7 June 2025.
Bank of Baroda offers lower interest rate on home loan for limited period
On 19 March 2024, Bank of Baroda announced a reduction in its home loan interest rate from 8.45% to 8.3%. Furthermore, the bank has waived the processing fee as part of a limited-time deal expiring in March. According to the bank, the offer will remain valid till 31 March 2024.
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