Bank of Baroda Home Loan Interest Rates, Schemes and Eligibility
Baroda Home Loan Advantage with linked overdraft facility
What is the current Bank of Baroda home loan interest rate?
Bank of Baroda home loan interest rates start at 8.40% p.a. for salaried borrowers with a credit score of 750+. The rate you get depends on your credit score, loan amount, and whether you choose a floating or fixed rate. MakaanLoan compares this against 25+ banks for free.
| Loan Category | Interest Rate Range (p.a.) | Max Tenure | Max LTV Ratio | Rate Verification |
|---|---|---|---|---|
| Salaried Borrowers (CIBIL 750+) | 8.40% – 8.85% | 30 Years | Up to 90% | Recently Verified |
| Self-Employed Professionals & Business | 8.55% – 9.60% | 25 Years | Up to 80% | Recently Verified |
| Balance Transfer from Other Lenders | Starts at 8.40% p.a. | Up to 30 Years | Up to 85% + Top-up | Recently Verified |
Popular Bank of Baroda Home Loan Schemes
Explore specialized schemes tailored for salaried professionals, business owners, youth, and government employees.
Baroda Home Loan
Transparent, Repo-linked floating home loan with the industry’s lowest base spreads
- Linked directly to RBI’s Repo Rate (BRLLR) with automatic transmission of rate cuts
- Additional 0.05% interest rate discount for female primary applicants
- Free accidental insurance cover and concessions on companion credit cards
Baroda Home Loan Advantage (OD)
Smart savings-linked home loan minimizing interest through daily balance offsets
- Savings bank account linked to home loan to optimize idle cash balances
- Interest calculated daily on net balance, reducing total tenure automatically
- Immediate access to surplus funds anytime via UPI, ATM, or Net Banking
Baroda Home Loan Top-Up
Low-cost multipurpose credit against existing residential mortgage security
- Available up to ₹2 Crores based on property market value appreciation
- Priced identical to standard home loan spreads, far below retail personal loans
- Zero prepayment charges on floating rate top-up facilities
Bank of Baroda Home Loan EMI Calculator
Estimate your monthly installment based on Bank of Baroda's live interest rate of 8.40% p.a.
Bank of Baroda Eligibility Criteria
- Age Limit: 21 years at application, up to 65–70 years at maturity
- Minimum Income: ₹25,000/month for salaried; ₹3,00,000 annual net taxable income for self-employed
- CIBIL Score: 701+ preferred for best rate spreads
- Employment Vintage: 2+ years total work experience; 3+ years in continuous business
- Resident Status: Resident Indians, NRIs, and PIOs eligible across major schemes
Documents Required for Bank of Baroda
- KYC: PAN card (mandatory for applicant & co-applicant), Aadhaar card, passport photos
- Salaried Income: Last 3 months payslips, 6 months salary bank statement, Form 16 / ITR
- Self-Employed: 3 years ITR with computation, P&L, balance sheet, 12 months bank statements
- Property Documents: Allotment letter, agreement for sale, sanctioned building plan, CC/OC
Frequently Asked Questions about Bank of Baroda Home Loans
What is the current Bank of Baroda home loan interest rate?
Bank of Baroda home loan interest rates start at 8.40% p.a. and range up to 9.60% p.a., linked to repo rate benchmarks. Actual rate offers depend on your credit score, loan amount, and employment profile.
What is the standard processing fee charged by Bank of Baroda?
Bank of Baroda charges a standard processing fee of 0.25% of the sanctioned loan amount. When you apply through MakaanLoan, you can access exclusive fee concessions and special capped processing fee schemes.
Are there any prepayment or foreclosure penalties on Bank of Baroda home loans?
Under Reserve Bank of India (RBI) regulations, Bank of Baroda charges zero prepayment penalties or foreclosure charges on floating rate home loans for individual borrowers.
What is the minimum CIBIL score required for Bank of Baroda home loan approval?
A CIBIL score of 700 or higher is preferred by Bank of Baroda for standard approval, while scores of 750+ unlock the lowest starting rate slab of 8.40% p.a. Profiles with 650–700 are workable subject to compensatory underwriting.
How long does Bank of Baroda take to sanction and disburse a home loan?
Digital in-principle sanction from Bank of Baroda can be achieved within 48 to 72 hours once complete documentation is submitted. Final disbursement typically takes 3 to 7 working days post legal and technical verification.
Ready to apply for Bank of Baroda Home Loan?
Submit your profile through MakaanLoan to lock in exclusive volume processing fee concessions (Makaanloan special offer of flat ₹2,500 processing fee), dedicated relationship management, and conditional in-principle sanction without bank branch visits.