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Bank of Baroda Home Loan

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Bank of Baroda (BOB) offers home loan interest rates starting @ 8.40% p.a. for tenures of up to 30 years and loan amount up to Rs 20 crore. It also offers balance transfer facility to existing home loan borrowers of other banks and housing finance companies at lower interest rates. Bank of Baroda also offers pre-approved home loans with in-principle approval prior to the identification of the home property, valid for 4 months.

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Updated: 10-04-2025 11:45:16 AM
Bank of Baroda Home Loan Highlights
Interest Rate 8.40% – 10.65%
Loan Amount Up to Rs 20 crore
Loan Tenure Up to 30 years including a moratorium period of up to 3 years
Processing Charges NIL (festive offer)
Prepayment Charges NIL
Collateral Constructed or purchased property, insurance policies, shares and debentures, government promissory notes, gold ornaments, etc.

Note: Last Updated on 3 April 2025

Bank of Baroda Home Loan Interest Rates

Bank of Baroda offers home loans at both fixed and floating interest rates. Bank of Baroda Home Loan interest rate starts from 8.40% p.a., depending on the employment profile, loan amount and the type of home loan schemes offered to its home loan applicants. As part of its festive offer, the bank is offering interest concessions of 0.05% and 0.10% to women and Gen Z & Millennials of under 40 years of age, respectively.

BOB Home Loan Floating Interest Rates

Baroda Housing Loan and Home Improvement Loan

Particulars Interest Rates
For Salaried 8.40%-10.35% p.a.
For Non-Salaried 8.40%-10.35% p.a.

Bank of Baroda Max Savings Home Loan

Particulars Interest Rates
Up to Rs 75 lakh 8.40%-10.35% p.a.
Above Rs 75 lakh 8.65%-10.60% p.a.

Bank of Baroda Top Up Home Loan

Particular Interest Rate
Top-up Home Loan 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 interest rate is dependent on the loan limit and CIBIL score of the applicants.
  • A risk premium of 0.05% will remain applicable for customers not obtaining credit insurance cover.

Bank of Baroda Home Loan Fixed Interest Rates

Baroda Housing Loan and Home Improvement Loan

Particulars Interest Rates
For Salaried 9.90%-11.25% p.a.
For Non-Salaried 10.00%-11.35% p.a.

Bank of Baroda Max Savings Home Loan – Up to Rs 75 lakh

Particulars Interest Rates
For Salaried 9.90%-11.25% p.a.
For Non-Salaried 10.00%-11.35% p.a.

Bank of Baroda Max Savings Home Loan – Above Rs 75 lakh

Particulars Interest Rates
For Salaried 10.15%-11.50% p.a.
For Non-Salaried 10.25%-11.60% p.a

Bank of Baroda Top Up Home Loan

Particular Interest Rate
Top-up Home Loan Applicable ROI on linked Home Loan + Strategic Premium (0.25%) + 0.60%

Note: A risk premium of 0.05% will remain applicable for customers not obtaining credit insurance cover.

BOB Home Loan Interest Rates vs Top Banks & HFCs

Name of LenderLoans Up to Rs. 30 LakhLoans Above Rs. 30 Lakh to Rs. 75 LakhLoans Above Rs. 75 Lakh
SBI8.25%-9.40% p.a. 8.25%-9.40% p.a. 8.25%-9.40% p.a. Check Eligibility
HDFC Bank Limited8.70% p.a. onwards8.70% p.a. onwards8.70% p.a. onwardsCheck Eligibility
Bajaj Housing Finance8.25%-17.00%8.25%-17.00%8.25%-17.00%Check Eligibility
ICICI Bank8.75% p.a. onwards8.75% p.a. onwards8.75% p.a. onwards
Check Eligibility
Axis Bank8.75%-12.80% p.a.8.75%-12.80% p.a.8.75%-9.65% p.a.Check Eligibility
Federal Bank8.80% p.a. onwards8.80% p.a. onwards8.80% p.a. onwardsCheck Eligibility
Punjab National Bank8.05% - 9.85% p.a.8.00% - 9.75% p.a.8.00% - 9.75% p.a.Check Eligibility
Kotak Mahindra Bank8.65% p.a. onwards 8.65% p.a. onwards8.65% p.a. onwardsCheck Eligibility
Bank of Baroda8.40% - 10.40% p.a.8.40% - 10.40% p.a.8.40% - 10.65% p.a.
Check Eligibility
Canara Bank8.25% – 11.00% p.a.8.20% – 11.00% p.a.8.15% – 10.90% p.a.Check Eligibility
IDFC FIRST Bank8.85% p.a. onwards8.85% p.a. onwards8.85% p.a. onwardsCheck Eligibility
IDBI Bank8.40% p.a. onwards8.40% p.a. onwards8.40% p.a. onwardsCheck Eligibility
Punjab & Sind Bank8.30% – 11.50% p.a.8.30% – 11.50% p.a.8.30% – 11.50% p.a.Check Eligibility
RBL Bank9.00% p.a. onwards9.00% p.a. onwards9.00% p.a. onwardsCheck Eligibility
LIC Housing Finance8.25% p.a. onwards 8.25% p.a. onwards 8.25% p.a. onwards Check Eligibility
Tata Capital Housing Finance8.75% p.a. onwards8.75% p.a. onwards8.75% p.a. onwardsCheck Eligibility
PNB Housing Finance8.50% - 14.50% p.a.8.50% - 14.50% p.a.8.50%-11.45% p.a.Check Eligibility
Sammaan Capital
(Formerly known as Indiabulls Housing Finance)		8.75% onwards8.75% onwards8.75% onwardsCheck Eligibility
Aditya Birla Capital8.60% onwards8.60% onwards8.60% onwardsCheck Eligibility
India Shelter Home Loan11.59% onwards11.59% onwards11.59% onwardsCheck Eligibility
L&T Finance Limited8.65% p.a. onwards8.65% p.a. onwards8.65% p.a. onwardsCheck Eligibility
Godrej Housing Finance8.55% onwards8.55% onwards8.55% onwardsCheck Eligibility
Home First Finance11.90% onwards11.90% onwards11.90% onwardsCheck Eligibility
Easy Home Finance8.95% onwards8.95% onwards8.95% onwardsCheck Eligibility
Piramal Capital Housing Finance9.50% onwards9.50% onwards9.50% onwardsCheck Eligibility
Cholamandalam Investment and Finance10.50% onwards10.50% onwards10.50% onwardsCheck Eligibility

Types of Bank of Baroda (BOB) Home Loan

Bank of Baroda Home Loan

Purpose:

Bank of Baroda offers regular home loans to its applicants for purchasing flats/houses, construction of homes, plot purchase and extension of existing property.

Loan Amount:

  • Mumbai- Up to Rs 20 crore
  • Hyderabad, New Delhi (including National Capital Region) and Bengaluru – Up to Rs 7.50 crore
  • Other Metros – Up to Rs 5 crore
  • Urban Areas- Up to Rs 3 crore
  • Semi-urban and Rural- Up to Rs 1 crore
  • Chandigarh, Panchkula and Mohali- Up to Rs 5 crore

LTV Ratio:

Particular Details
Loan amounts up to Rs 30 lakh 90%
Loan amount above Rs 30 lakh-Rs 75 lakh 80%
Loan amount above Rs 75 lakh 75%

Tenure:

Bank of Baroda provides home loans for repayment tenure of up to 30 years, including the maximum moratorium period of 3 years.

BOB Max Savings Home Loan 

Purpose:

Consumers can use the Baroda Home Loan Advantage for the purchase and construction of a house/flat, the purchase of residential plots and construction of the home, the extension of existing dwelling units, home loan balance transfer, etc. This facility also comes with a linked overdraft account, opened in the form of a savings account, wherein the home loan borrower can deposit his savings and make withdrawals from it as per his requirements.

The balance maintained in the savings account is deducted from the outstanding home loan amount and thereby, helps in reducing the interest cost for the borrower.

Loan Amount:

  • Mumbai- Up to Rs 20 crore
  • Other Metro Cities- Up to Rs 5 crore
  • Hyderabad, New Delhi, Bengaluru- Up to Rs 7.50 crore
  • Urban Areas- Up to Rs 3 crore
  • Semi-urban and Rural- Up to Rs 1 crore
  • Tri-city in Chandigarh region (Chandigarh, Panchkula and Mohali)- Up to Rs 5 crore

LTV Ratio:

Particular Details
Loan amounts up to Rs 30 lakh 90%
Loan amount above Rs 30 lakh-Rs 75 lakh 80%
Loan amount above Rs 75 lakh 75%

Tenure:

The repayment tenure of the BOB Max Savings home loan is up to 30 years. The loan tenure also includes the maximum moratorium period of 36 months.

Bank of Baroda Home Loan Takeover Scheme

Purpose:

Existing home loan borrowers of other banks/HFCs can avail Bank of Baroda Home Loan Balance Transfer facility for transferring their existing home loans to Bank of Baroda at lower interest rates.

Loan Amount:

  • Mumbai- Up to Rs 20 crore
  • Other Metro Cities- Up to Rs 5 crore
  • Hyderabad, New Delhi and Bengaluru – Rs 7.50 crore
  • Urban Areas- Up to Rs 3 crore
  • Semi-urban and Rural- Up to Rs 1 crore
  • Chandigarh, Panchkula and Mohali- Up to Rs 5 crore

LTV Ratio:

Particular Details
Loan amounts up to Rs 30 lakh 90%
Loan amount above Rs 30 lakh-Rs 75 lakh 80%
Loan amount above Rs 75 lakh 75%

Tenure:

Bank of Baroda provides a balance transfer facility for repayment tenure of up to 30 years, including the maximum moratorium period of 3 years.

Bank of Baroda Home Improvement Loan

Purpose:

Consumers can avail Baroda Home Improvement Loan to repair or renovate existing homes including the purchase of new furniture, furnishings and fittings such as fans, geysers, air conditioners, air purifiers, water filters, etc.

Loan Amount:

Up to Rs 50 lakh

LTV Ratio:

Particular Details
Loan amounts up to Rs 30 lakh 90%
Loan amount above Rs 30 lakh-Rs 75 lakh 80%
Loan amount above Rs 75 lakh 75%

Tenure:

The bank offers a maximum repayment tenure of 15 years for home improvement loans, which includes a moratorium period of 6 months.

BOB Pre-Approved Home Loan

Purpose:

Prospective home buyers who are yet to identify houses/flats/plots for purchase can avail Baroda Pre-approved Home loan. This facility offers an in-principle home loan sanction letter with a 4-month validity to the prospective buyer, subject to his home loan eligibility. A pre-approved home loan sanction letter can help the prospective borrower by providing him with better negotiating powers.

Bank of Baroda Top-up Loan

Purpose:

Existing home loan borrowers including NRIs and PIOs can avail BOB Home Loan Top-up facility over and above the existing home loan to meet their personal requirements.

Loan Amount: Rs 1 lakh- Rs 10 crore

LTV Ratio: 75% of residual value of house property

Tenure: should not exceed 70 years of age

BOB Credit Risk Guarantee Fund Scheme for Low Income Housing

Purpose: Under Credit Risk Guarantee Fund Scheme is an affordable housing scheme wherein the Credit Risk Guarantee Fund Trust offers a credit risk guarantee fund to lenders against their home loans of up to Rs 5 lakh offered to individuals belonging to Economically Weaker Sections and Low Income Groups in urban areas.

Apply for Bank of Baroda Home Loan

Applicants can apply for Bank of Baroda Home Loan either through the official website of the bank or through the Bank of Baroda mobile app, Bob World. They can also visit the Bank of Baroda branch to apply for a home loan. Prospective borrowers can also apply through online financial marketplace like Paisabazaar to apply for Bank of Baroda Home Loan.

BOB Home Loan Processing Fees & Charges

Particular Charges
Bank of Baroda Home Loan  NIL (festive offer)

Also Read: Home Loan Processing Fees charged by various home loan lenders.

Bank of Baroda Home Loan Documents Required

A detailed list of documents required for Bank of Baroda Home Loan for various occupation profiles has been presented below.

List of Common Documents

  • Duly fill in the application form (with a photograph of the applicant)
  • Proof of Residence (Aadhaar Card, Voter’s ID Card, Passport, Driving License, Ration Card, etc.)
  • Proof of Age (PAN card, Aadhaar Card, Voter’s ID Card, Birth Certificate, Passport, Driving License, etc.)
  • Proof of assets held such as LIC, NSC, KVP, MF, Property
  • Asset and liability statement
  • ITR verification report

Additional BOB Home Loan Documents Requirement

For Salaried Individuals

  • Latest 3 months’ salary slip and 1 month salary slip for a guarantor
  • Copy of employee ID card issued by the employer
  • Past 1-year ITR and Form 16 of applicant and guarantor
  • Bank account statement for the past 6 months or Bank account number if the account is with Bank of Baroda
  • Appointment letter, confirmation letter, promotion letter or increment letter evidencing the duration of employment

For Self-employed Individuals/Professionals/Others

  • Balance sheet and profit and loss account with income computation for last 2 years
  • ITR for last 2 years, 26AS, Traces
  • IT assessment, clearance certificate, Income Tax challan, TDS certificate (Form 16A), Form 26AS for income declared in ITR
  • Business Proof: Gumasta license, Service Tax Registration, Registration Certificate, etc.

In case of applicants engaged in business through Partnership Firm/Private Ltd. Company

  • Address Proof or PAN Card of Firm/Company
  • ITR and audited results of last 2 years of Firm or Company
  • Memorandum and AOA of the company
  • Current account statement for last 1 year

 For Farmers or Agriculturists

  • Talati’s/Gram Sevak/Village Revenue Officer Certificate for income of the past 2 years and Mamladaar’s/Block Revenue Officer certificate for income of the past 2 years
  • Bank account statement for the past 12 months (individual)
  • Land revenue records- Form 6, 7/12, 8A

For NRI/PIO/OCI

  • Duly filled application form with signatures and photographs
  • Copy of passport with VISA stamped
  • Details of the individual such as name, address, relation, contact numbers of local contact person
  • Residence Proof (India and abroad): Driver’s license, ration card, voter ID, passport, Aadhar card, , registered rent agreement, etc.
  • Overseas bank account statement for the last 6 months
  • NRE savings bank statement of account for the last 6 months
  • Account statement for all existing loans for the last 1 year
  • Credit check reports from Overseas Credit Bureau

For PIO:

  • Current passport showing birthplace in India or abroad
  • Indian passport, if held earlier
  • Passport of parents or grandparents with details substantiating his claim of being a PIO

Salaried Individuals (For NRI/PIO/OCI):

  • Employment contract copy in vernacular language
  • Copy of ID card issued by the current employer
  • Copy of ITR of the individual for the last 2 years (India/abroad)
  • Latest salary slips for the last 6 months
  • Continuous discharge certificate, if applicable
  • Copy of latest work permit

Self-employed Individuals (For NRI/PIO/OCI):

  • Balance sheet and profit and loss account of business or profession
  • Copies of individual’s ITR for the last 3 years (India/abroad)
  • Continuous discharge certificate, if applicable
  • Business proof, place of business and address proof
  • A note giving information on the nature of business or profession

Eligibility Criteria for Bank of Baroda Home Loan

Bank of Baroda Home Loan eligibility criteria is set based on the home loan schemes opted by its applicants and their age, credit score, business vintage/work experience and repayment history. The eligibility criteria for various types of BOB home loan schemes are mentioned below.

For BOB Home Loan

  • Resident Indian, Non-Resident Indian, Person of Indian Origin, Overseas Citizen of India
  • Age: 21-70 years

For BOB Home Loan Takeover

  • Age: 21-70 years

For Individual Applicants:

  • Minimum CIBIL Score- 701
  • At least 12 EMIs paid already
  • Satisfactory repayment track record

For Non-Individual Applicants:

  • An individual applicant/co-applicant should be present in the proposed loan.
  • At least 18 EMIs should have been paid.
  • The firm/company should:
    • have been incorporated for at least 5 years
    • be engaged in business activities for the past 2 years
    • be earning cash profits for the past 2 years
    • have a positive net worth
    • have a satisfactory CIBIL rating
    • not have slipped into the SMA2 category for the last 12 months
    • not be in the RBI defaulter’s list, ECGC Caution list/SAL, Suit filed/Non-Suit filed CIBIL list, CRILIC, etc.

BOB Credit Risk Guarantee Fund Scheme for Low Income Housing

  • New individual borrowers of housing loans of up to Rs 8 lakh under the EWS/LIG category.
  • Housing unit size up to 430 sq. ft. carpet area.

Bank of Baroda Home Loan EMI Calculator

Individuals planning to apply for home loans with Bank of Baroda can use the Home Loan EMI Calculator to compare the total interest cost and EMIs of different combinations of loan amount, loan tenure and interest rate in the EMI calculator. This would allow the applicants to choose their optimum loan tenure based on their repayment capacity.

BOB Home Loan EMI Calculator
₹
%
Year(s)
BOB Home Loan EMI Calculator

Monthly EMI ₹ 15,622

Total Amount Payble ₹ 5,62,395(Principal + interest)

Principal Amount ₹ 5,00,000

Total Interest Payble ₹ 62,395

Bank of Baroda Home Loan Customer Care Number

Below-mentioned are the toll-free Bank of Baroda Home Loan customer care numbers :-

  • 1800 5700
  • 1800 5000
  • For NRIs: +91 79-66296009

Bank of Baroda Home Loan for Women

Bank of Baroda does not offer any exclusive home loan scheme exclusively for women. However, as a part of the festive offer, the bank is providing a 0.05% interest concession on home loans to its women. Thus, female individuals seeking to avail home loans from the Bank of Baroda can apply for its existing home loan schemes and avail the interest rate concessions.

What are the benefits of availing Bank of Baroda Home Loan?

The benefits of the Bank of Baroda Home Loan are as follows:

  • Bank of Baroda offers one of the lowest home loan interest rates, i.e., starting from 8.40% p.a. onwards.
  • Applicants can avail loan amounts of up to Rs 20 crore.
  • Bank of Baroda offers longer loan tenures of up to 30 years.
  • Existing home loan borrowers can avail easy top-up loans over and above their existing Bank of Baroda Home Loans.

FAQs on Bank of Baroda Home Loan

What is the current home loan interest rate in the Bank of Baroda?

Bank of Baroda Home Loan interest rate starts from 8.40% p.a. The bank offers differential interest rates depending on the credit profile, loan amount and occupation profile of its home loan applicant.

How to check the home loan eligibility of the Bank of Baroda?

Applicants can check the home loan eligibility of the Bank of Baroda with the help of the BOB home loan eligibility calculator. Applicants need to fill in the gross monthly salary, date of birth, loan tenure, CIBIL Score, other EMIs and monthly tax deductions and then get the loan amount they are eligible for.

How to apply for a Bank of Baroda Home Loan?

Prospective home loan borrowers can apply for a Bank of Baroda Home Loan directly through the bank’s website. Applicants can complete the application form by clicking on the “Apply Online” button on the BOB Home Loan page, entering the required information, and clicking “Proceed”.

What are the documents required for the Bank of Baroda Home Loan?

Bank of Baroda requires identity proof, address proof, income proof, asset proof, ITR verification report, business proof and property documents at the time of loan application.

How to calculate the Bank of Baroda Home Loan interest rate?

Bank of Baroda Home Loan interest rate can be calculated using the home loan EMI calculator. The EMI calculator allows applicants to enter the loan amount, loan tenure, and interest rate to instantly calculate the interest cost and EMIs payable.

Does Bank of Baroda charge higher home loan interest rates from non-salaried applicants?

Bank of Baroda charges an additional interest rate of 0.10% p.a. from non-salaried applicants under home loans offered at fixed interest rates.

How does the Bank of Baroda determine the loan amount for its home loan applicants?

Bank of Baroda determines the loan amount for its home loan applicants after factoring in their age, income, repayment capacity, job stability, assets and liabilities.

Does the Bank of Baroda consider the salary of the spouse while offering a home loan?

Yes, the Bank of Baroda considers the salary of the spouse while offering the home loan. However, the spouse has to apply as a co-applicant for a home loan.

Can I choose between a fixed and floating rate of interest while applying for Bank of Baroda Home Loans?

Yes, Bank of Baroda offers home loans at both fixed and floating interest rates.

Does adding a co-applicant improve the chances of availing Bank of Baroda Home Loan?

Yes, adding a co-applicant improves the eligibility of Bank of Baroda Home Loan applicants. The bank accepts the close relatives of home loan applicants as co-applicants. However, if the home loan applicant wants to add a co-applicant who is not a close relative, the co-applicant has to be the joint owner of the property.

Who can be the co-applicant for the Bank of Baroda Home Loan?

Bank of Baroda accepts the close relatives of the applicant including spouse, father, mother (including step mother), son (including step son), son’s wife, daughter (including step daughter), daughter’s husband, brother/sister (including step brother/sister), brother’s wife, sister of spouse (including step sister), sister’s husband and brother of spouse (including step brother) as co-applicants of your home loan.

What is the maximum and minimum tenure for the Bank of Baroda Home Loan?

Prospective home loan borrowers can avail Bank of Baroda Home Loan for a tenure of up to 30 years. However, the sanctioned loan tenure cannot exceed the retirement age of the applicant or 65 years of age, whichever is earlier.

Is property insurance mandatory for Bank of Baroda Home Loans?

Bank of Baroda has not mentioned whether the purchase of property insurance is mandatory for the home loan or not. However, for most lenders, it is not mandatory to purchase property insurance for home loans.

What home loan amount can a salaried employee avail from the Bank of Baroda?

Bank of Baroda has mentioned a maximum home loan amount of Rs 20 crore on its website. However, the lender may also offer a higher loan amount to applicants having higher repayment capacity.

How to download a home loan statement from the Bank of Baroda?

Borrowers can download the Bank of Baroda Home Loan statement through its Internet banking facility or its mobile application ‘BoB World App’. Borrowers can also give a miscall to 8468001122 to request a mini statement. Alternatively, borrowers can receive their home loan statement through email by visiting a bank branch and setting up the service by providing an email ID for statement delivery. Once the service is activated, borrowers will receive their account statements in their mail inbox at regular intervals.

How to transfer a home loan to the Bank of Baroda?

Existing home loan borrowers who wish to transfer their home loan to the Bank of Baroda at lower interest rates can avail “Bank of Baroda Home Loan Takeover Scheme”. Existing borrowers can also click here to find the best home loan balance transfer offers from other lenders available on their credit profile.

How to get a home loan interest certificate from the Bank of Baroda?

Borrowers can get their home loan interest certificate through internet banking, mobile banking, or by visiting bank branches for the same.

Where can I fill out the Bank of Baroda Home Loan application form?

Prospective applicants can fill out the Bank of Baroda Home Loan application form online through the bank’s website or visit any bank branch for it.

How to check the Bank of Baroda Home Loan status?

Borrowers can check/track their Bank of Baroda Home Loan status by visiting the ‘Contact Us’ section of the Bank of Baroda website or call on toll-free number 1800 5700 / 1800 5000 for further enquires. Further, customers of Bank of Baroda can also check their home loan status through Internet banking.

What is the advantage of taking a home loan from the Bank of Baroda?

Bank of Baroda offers home loans at an interest rate of 8.40% p.a. for tenures of up to 30 years. The bank also offers a home loan overdraft facility, in addition to its regular home loan schemes, for those seeking higher liquidity and reduced interest costs. Existing borrowers of Bank of Baroda can also avail top-up home loan scheme to finance their home renovation/repairs/extension or to meet other personal requirements. As a home loan interest rate and other features offered to an applicant can vary across lenders depending on their credit policy and differing assessments of the applicant’s credit profile, prospective borrowers can click here to compare the home loan offers from other lenders based on their credit profile.

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