Bank of Baroda Home Loan Interest Rates

• Bank of Baroda's housing loans can be applied for purchasing or constructing an existing house/flat, or buying or construction a new residential unit, or plot or for housing loan balance transfer.
• The rates of interest for Bank of Baroda Home Loans start from 8.40% - 10.60% p.a.
• Processing fee is competitive at up to 0.5% of loan amount.
• Additional 5 bps interest concession for women borrowers
• No hidden costs or administrative fees.
• No prepayment charges.
• Customers are entitled to complimentary credit card, concession on car loan and property insurance.

Now you can check Best Home Loan Interest Rates from All Banks @8.50%

The home loan interest rates are basically as per a computation of lender’s internal costs of raising funds, and customer’s occupation, income level, type of property and repayment capacity. 
Income: The income or monthly salary of an individual helps in identifying the interest rate. 

• Loan amount: Generally, as the loan amount increases, the rate of interest increases too as banks offer concessional rate to small home loans. Besides other factors such as LTV and risk profile of customer determines the final rate.
• Relationship with bank: Bank of Baroda offers reduced Home Loan interest rates to its existing customers. Thus if you already have a Saving Account or an active loan account and have a good credit history, you can certainly grab a great offer from BOB.
• Type of loan: The interest rate may vary based on the type of Home Loan you have chosen.
• Type of applicant: The bank offers different interest rates for salaried, self-employed, and women applicants.

Bank of Baroda Home Loan Interest can be calculated with the help of Home Loan EMI Calculator. You can also choose to use the formula:

Interest Amount = Principal Loan Amount x Interest Rate x Time 

To use the calculator, share loan details like loan amount, interest rate and tenure and press submit button. Instantly you will get loan EMI, total repayment and total interest amount.

Using MyMoneyMantra Home Loan EMI calculator you will also get amortization schedule of the loan alongside graphical representation of the loan principal and interest. 

Looking for 1 Crore Home Loan? Check Interest rates, Eligibility and EMI Online

Bank of Baroda is one of the leading banks which provides various banking and financial services to its customers in order to support them with their requirements. It includes services like consumer, corporate, private and other investment banking services. The bank also provides a variety of housing loan schemes which enable them to buy or construct a house. 

The Home Loans offered by Bank of Baroda have affordable rates of interest with a simple procedure and hassle-free documentation. New Home Loans are linked to repo rate and change according to change in RBI’s benchmark lending rates. Presently BRLLR is 9.15% & the range for Bank of Baroda home loan interest rates is 8.40% - 10.60% p.a.

You can reduce Bank of Baroda Home Loan Interest by:

Opting for a Shorter Tenure: The overall interest component is affected by the duration (tenure) of the Home Loan. The shorter is the tenure of the loan, the lower is the total interest paid. But the EMIs will be higher.

Increase EMIs: By increasing the amount of EMI or using regular prepayments, you can reduce the total interest component and prepay the loan faster.

You can also check Bank of Baroda Balance Check Number Online