Bank of Baroda Home Loan Balance Transfer

Bank of Baroda Home Loan Balance Transfer Highlights
Interest Rate	8.40%-10.90% p.a.
Loan Amount	Up to Rs 20 crore
Tenure	Up to 30 years
Processing Fees	Flat Rs 8,500 (upfront)

Rates as of 12th December 2024

Bank of Baroda Home Loan Balance Transfer Interest Rates

Baroda Housing Loan

For Salaried	8.40%-10.60% p.a.
For Non-Salaried	8.40%-10.60% p.a.

Baroda Max Savings Home Loan

Up to Rs 75 lakh	8.40%-10.60% p.a.
Above Rs 75 lakh	8.65%-10.85%

Baroda Top Up Loan

Top-up Home Loan

Applicable ROI on linked Home Loan (Based on BRLLR on the date of availing Top up Loan) + Strategic Premium (0.25%) + 0.60%

Note: 

• Interest rate is dependent on loan limit and CIBIL Score of the applicants.
• Risk Premium of 0.05% will remain applicable for customers not obtaining credit insurance cover

Compare Bank of Baroda Home Loan Balance Transfer Interest Rates with Other Lenders

Name of Lender	Up to Rs. 30 Lakh	Above Rs. 30 Lakh to Rs. 75 Lakh	Above Rs. 75 Lakh
SBI	8.50%-9.85% p.a.	8.50%-9.85% p.a.	8.50%-9.85% p.a.	Check Eligibility
HDFC Bank Limited	8.75% p.a. onwards	8.75% p.a. onwards	8.75% p.a. onwards	Check Eligibility
LIC Housing Finance	8.50% - 11.25% p.a.	8.50% - 10.55% p.a.	8.50% - 10.75% p.a.	Check Eligibility
ICICI Bank	8.75% p.a. onwards	8.75% p.a. onwards	8.75% p.a. onwards	Check Eligibility
Kotak Mahindra Bank	8.75% p.a. onwards	8.75% p.a. onwards	8.75% p.a. onwards	Check Eligibility
PNB Housing Finance	8.50% - 14.50% p.a.	8.50% - 14.50% p.a.	8.50%-11.45% p.a.	Check Eligibility
Punjab National Bank	8.45% - 10.25% p.a.	8.40% - 10.15% p.a.	8.40% - 10.15% p.a.	Check Eligibility
Bank of Baroda	8.40% - 10.65% p.a.	8.40% - 10.65% p.a.	8.40% - 10.90% p.a.	Check Eligibility
IDFC First Bank	8.85% p.a. onwards	8.85% p.a. onwards	8.85% p.a. onwards	Check Eligibility
L&T Finance Limited	8.65% p.a. onwards	8.65% p.a. onwards	8.65% p.a. onwards	Check Eligibility
Tata Capital Housing Finance	8.75% p.a. onwards	8.75% p.a. onwards	8.75% p.a. onwards	Check Eligibility
Federal Bank	8.80% p.a. onwards	8.80% p.a. onwards	8.80% p.a. onwards	Check Eligibility
Axis Bank	8.75%-13.30% p.a.	8.75%-13.30% p.a.	8.75%-9.65% p.a.	Check Eligibility
Godrej Housing Finance	8.55% p.a. onwards	8.55% p.a. onwards	8.55% p.a. onwards	Check Eligibility

Eligibility Criteria for Availing Bank of Baroda Home Loan Balance Transfer

• Resident Indians, NRIs and PIOs can avail Bank of Baroda Home Loan Balance Transfer facility.
• Minimum age of the applicant should be 21 years and that of the co-applicant should be 18 years at the time of loan application.
• Maximum age at the time of loan maturity should be 70 years.
• Individuals can apply for Home Loan Balance Transfer singly or jointly.
• Non-individuals can apply as applicant/co-applicant/guarantor along with the individuals.
• Applicants having a minimum CIBIL score of 710 have higher chances of getting their home loan applications approved.
• Individuals should have paid at least 12 EMIs of their existing home loan.

Documents Required for Loan Application

• Duly filled application form with signatures and photographs
• ID Proof- PAN Card (mandatory), Driving License, Passport, Aadhar Card, Voter ID
• Address Proof- Ration card, Voter ID, Passport, Aadhar Card, Registered Rent Agreement
• Proof of assets like LIC/NSC/MF/KVP/Property
• ITR verification report
• Assets and Liabilities statement
• In case of a previous loan, loan account statement for last 1 year along with sanction letter (if loan is from Bank of Baroda, account no. or Customer ID is required)
• Foreclosure letter
• Document list in respect of property submitted to bank, duly acknowledged by the bank.