Bank of Baroda


Apply Bank of Baroda Home Loan @ 7.25%

Interest Rate


Processing fee

Upto 0.50%

Loan Tenure upto

30 years

LTV (Loan to value)

75% to 90% of property value

About Bank of Baroda Home Loan

Bank of Baroda is a state-owned bank with its headquarters in Vadodara. Rated as one of the top nationalised banks in the country, the objective of the bank is to provide loans that are inclusive of all sectors of the society including the urban and rural customers.

They provide some of the most affordable loan options for the purchase of a new/ old home, construction or even renovation of an existing property with their bouquet of Home Loan schemes.

Bank of Baroda Home Loans are available to everyone without any differentiation on the tenure and the amount based on your employment status and even if you are a Non-resident Indian (NRI). The biggest advantage with these Home Loans is that each customer is rewarded for their loyalty with concessions on other loan plans available with Bank of Baroda.

Bank of Baroda Home Loan

Interest rate


Loan tenure

30 Years

Loan turnaround period

8 - 15 days

Loan to value (LTV)

Get loan up to 90 % of project cost

Who can apply?

  • Self-employed professionals
  • Salaried individuals
  • Indian residents


Up to 4 applicants are allowed as co-applicants

Lowest EMI

655 Per Lakh

Why Choose Bank of Baroda Home Loan?

Bank of Baroda is hailed as India's International Bank because of their top-notch banking technology. Since their establishment in the year 1908, they have had an eventful journey with over 78 million satisfied customers across 23 countries.

With the Bank of Baroda, you can expect the simplest financial solutions. When you apply for a Home Loan with them, you can expect the following:

  • Best rate of interest on Home Loans and home top-up loans
  • Standardised documentation and processing for easy loan application
  • Complete transparency with respect to fees and terms of the loan
  • Access to high-end banking technology for easy repayment of your loans
  • Efficient customer care services to help you with any information or grievance related to your loan application.

Features and Benefits of Bank of Baroda Home Loan

  • Bank of Baroda Home Loans are available to all without any differentiation in the amount of the tenure for salaried individuals, self-employed individuals and NRIs.
  • Loan applicants receive a complimentary Bank of Baroda Credit Card for any loan above 2 Lakhs
  • You get a concession of 0.25% on Car Loans
  • You can add a close relative as a co-applicant for a Home Loan to increase your eligibility even if the co-applicant is not a joint owner of the property.
  • Loan applicants receive free accidental insurance with each Home Loan
  • You can enjoy repayment tenure of up to 30 years

Bank of Baroda Home Loan Rate of Interest

With Bank of Baroda Home Loans, you can opt for interest rates based on Marginal Cost of Funds Based Lending Rate (MCLR) or Rate of Interest linked to base interest.

Existing customers have the option to switch over from the base rate system to the MCLR based interest rate.

Bank of Baroda Home Loan Interest Rate Based on MCLR

Product Rate of Interest
  • Baroda Home Loan
  • Baroda Home Improvement Loan

1-Year MCLR to 1-Year MCLR + 1% as per applicant's risk rating: 7.00% - 7.50%

Baroda Home Loan Advantage


  • For loans up to 75 Lakhs: 8.65% - 9.65%
  • For loans above 75 Lakhs: 8.90% - 9.90%

Baroda CRE Home Loan

8.80% - 9.80%

Baroda Home Loan Advantage

Up to 75 Lakhs: 8.90% - 9.90%

Above 75 Lakhs: 9.15% - 10.15%

Baroda Top Up Loan (Resident/ NRIs/ PIOs)

Applicable interest rate on Home Loan + Strategic Premium + 0.50%

1-year MCLR is 8.65% as on 28.03.2019

 Bank of Baroda Interest Rate Linked to Base Rate

Product Rate of Interest

Baroda Home Loan to Individuals/ NRIs/ PIOs


Baroda Home Improvement Loan


Baroda Additional Assured Advance (AAA) (Resident/ NRIs/ PIOs)


Base Rate is 9.60% per annum as on 28.03.2019

Types of Bank of Baroda Home Loans

You can avail diverse types of Home Loan schemes with Bank of Baroda based on the purpose of your home. Here are some Home Loan options available to borrowers:

Baroda Home Loan

Avail Home Loans for the purchase of a new/old house, flat or plot, construction of a house on purchased plot, a home extension of the existing house.


  • Resident as well as non-resident Indians are eligible to avail this Home Loan
  • The loan is available to Indian Residents, NRIs and PIOs
  • You can avail a Top-up Loan up to 5 times during your loan period
  • The pricing is Risk-Based (Bureau score linked) for any Home Loan.
  • Maximum loan amount available is 10 Crores in Mumbai, 5 Crores in other metros and 1 Crore in semi-urban and rural areas.
  • You get loan repayment tenure of up to 30 years inclusive of a maximum 36 month moratorium period.
  • With Baroda Home Loan, you can get a free Credit Card and also a concession of 0.25% on Car Loan interest rates.
  • The bank also offers free accident insurance with its all Home Loan variants
  • You can also avail group credit life insurance when you apply for a Home Loan
  • Home Loan Balance Transfer facility available

Baroda Home Loan Advantage

This Home Loan is linked with the savings bank account of the borrower. All eligible applicants can get this loan for house/flat purchase, construction of the house, purchase of residential plot, house extension.


  • Any Resident Indian/ Non-Resident Indians (NRIs) with an Indian passport/ Persons of Indian origin (PIOs) with foreign passport/ Overseas Citizens of India (OCI) can apply for this loan.
  • The rate of interest applicable on your savings bank account is zero
  • The borrower is required to deposit all the savings in the savings bank account that is linked for maximum benefits.
  • All credits available in the linked savings bank account at the end of Day is counted as credit for the Home Loan. This gives the borrower a benefit of interest amount reduction to the extending of the credit balance outstanding in the savings bank account.
  • The EMI will be remitted to the savings bank account that is linked for auto-recovery
  • Home Loan Balance Transfer facility available

Baroda Pre-Approved Home Loan

Borrowers can get an in-principle approval for a Home Loan before identifying a specific house/plot/flat.


  • You have more flexibility with respect to negotiations with sellers and builders
  • You are assured of the eligible loan amount
  • Loan eligibility is assessed based on the income details of the individual as per the Home Loan scheme or the Baroda Home Loan Advantage Scheme.
  • In-principle approval is valid for 4 months from the time of sanction

Home Improvement Loan/ Home Renovation Loan

This loan is available for repair, renovation or improvement of an existing house or flat. You can purchase furniture, fixtures or gadgets like water filters, fans, geysers, air conditioners, air purifiers, desert coolers, heaters, and so on. 


  • Any Resident Indian and NRI salaried or self-employed persons are eligible for this loan.
  • Maximum loan amount available is 10 Crores in Mumbai, 5 Crores in other metros and 1 Crore in semi-urban and rural areas.
  • You get loan repayment tenure of up to 30 years inclusive of a maximum 36 month moratorium period.

Baroda Top up Loan

Get a top-up loan (additional loan amount) on your existing Bank of Baroda Home Loan with this scheme to fund your personal financial needs.


  • Top up loan is available to all existing Home Loan borrowers including staff, ex-staff members, NRIs and PIOs.
  • The loan amount is based on the Standard Asset Classification

Interest Subsidy Scheme for Housing the Urban Poor (ISHUP)

It is a government-initiated housing loan scheme for urban poors - Low Income Groups (LIG) and Economically Weaker Sections (EWS).


  • EWS Loan is available for households with monthly income up to 5,000
  • LIG for households with an average income between 5001 and 10,000
  • For salaried individuals, 48 times of the last 3 months gross salary is available
  • For others, a maximum of 4 times of the average last 2 years annual income is available

Credit Risk Guarantee Fund Scheme for Low Income Housing (CRGFS)

A Credit Risk Guarantee Fund Trust has been established by the Ministry of Housing and Urban Poverty Alleviation, Government of India that provides guarantees of low-income Housing Loans. A Credit Risk Guarantee Fund Trust is available for low income housing through the Ministry of Housing and Urban Poverty Alleviation, Govt. of India.


  • This trust provides credit risk guarantee against housing loans up to 5 Lakhs for borrowers from LIG and EWS.
  • No third party guarantee or security is required
  • The Guarantee Cover extends to up to 90% of the amount in default for loans up to 2 Lakhs and up to 85% for loans above 2 Lakhs up to 5 Lakhs.

Pradhan Mantri Awas Yojana (PMAY)

Loans are available for EWS or LIG Category through the Pradhan Mantri Awas Yojana which provides subsidy on loan component to the extent of 6 Lakhs.

Baroda Home Suvidha Personal Loans

Existing Bank of Baroda Home Loan borrowers can avail this loan for financing the miscellaneous costs associated with the home purchase like insurance cost, registration cost, stamp duty, GST and club membership fee.  


  • The scheme can be availed by the existing Home Loan customers of Bank of Baroda as well as Home Loan customers of other lenders (if they opt for a balance transfer to the Bank of Baroda).
  • Available to Senior Citizens of India, above 60 years of age
  • Married Couples are eligible if one of them is 60 years of age and the spouse is not below 55 years of age at the time of application.
  • Applicant should be the owner of a residential property
  • Loan repayment tenure of up to 15 years is available, subject to extension based on survival of advance value of the property.

Bank of Baroda Home Loan Eligibility

The eligibility criteria for a Home Loan with Bank of Baroda are as follows:

  • The applicant can be resident Indians, NRIs holding Indian passports, PIOs holding a foreign passport, OCIs, and Staff members.
  • You can apply individually or jointly
  • Resident Indian applicants and co-applicants must be employed or engaged in business or profession for a minimum period of 1 year in case of salaried individuals and 2 years in case of non-salaried individuals.
  • NRI applicants should have a regular job in a reputed Indian or foreign company or organization with a work permit or contract for a minimum period of 2 years or should be engaged in a business unit abroad for at least 2 years if self-employed.
  • The gross annual income should be a minimum of 5 Lakhs per annum in case of NRI applicants.
  • Repayment capacity is calculated as follows:

For Salaried Individuals:Total deductions including proposed EMI should not exceed as follows:

  • Gross Monthly Income (GMI) less than 20,000 - 50%
  • GMI of 20,000 up to 50,000 - 60%
  • GMI of 50,000 up to 2 Lakhs - 65%
  • GMI of 2 Lakhs up to 5 Lakhs - 70%
  • GMI above 5 Lakhs- 75%


  • Average GMI for the last 2 years up to 6 Lakhs - 70%
  • Average GMI for the last 2 years more than 6 Lakhs - 80%

Margin Norms and Loan to Value Ratio

Loan Amount () Margin LTV Ratio

Up to 30 Lakhs



Above 30 Lakhs up to 75 Lakhs





Above 75 Lakhs



  • Minimum age of borrower is 21 years and co-applicant is 18 years
  • Maximum age is considered up to 70 years
  • Property purchased or constructed is accepted as security
  • In case a property mortgage is not feasible, security can be provided in the form of Government Promissory Notes, Insurance Policies, Gold, Shares and Debentures, and so on.

Documents Required Bank of Baroda Home Loan

The Basic documents for Bank of Baroda Home Loans are as follows:

  • Duly filled application form with 3 latest passport-sized photographs
  • Identity proof: PAN card (mandatory for loan amount above 10 Lakhs) and Driver's License/ Voter's ID/ Aadhaar Card/ Passport.
  • Residence Proof: Driver's License/ Registered Rent Agreement/ Aadhaar Card/ Passport/ Ration Card/ Voter ID.
  • Last 1 year's loan account statement along with sanction letter if any previous loan is to be considered.
  • Proof of Assets held: LIC/ KVP/ NSC/ PROPERTY/ MF
  • Assets and liabilities statement
  • ITR Verification Report

Additional Documents for Applicants and Co-applicants

Salaried Individual Self-employed Individual/ Professional/ Others Farmer/ Agriculturist

Latest 3 months salary slip and latest 1-month salary slip for guarantors

Balance sheet and profit and loss statement and computation of income for 2 years

Talati'/ Gram Sevak/ Village Revenue officer certificate for last 2 years income and Mamaladaar's/ Block Revenue officer certificate for last year income

Form 16 and ITR for last 1-year for applicant and guarantor


ITR for last 2 years, 26 AS, Traces



Copy of Employee ID card


Business Proof: Gomasta License, Registration Certificate, Service tax registration ETC


Land Revenue Records- Form 2,7/12, 8A


Appointment/ Confirmation/ promotion/ increment letter as proof of duration of employment


IT Assessment/ Clearance Certificate, IT Challans, TDS Certificate (Form 16A) or Form 26 AS as income declared in ITR




6 months bank statement or Account No in case of BOB account

Firm's PAN Card, Address Proof, Memorandum and AOA of Company, ITR and Audited Results of Firm for the last 2 years, 1 year current account statement



Documents Required for NRI, PIO or OCI Applicants

  • Duly filled application form with photograph
  • Copy of Passport with Visa stamped
  • Proof of Residence in India and Abroad (Driver's License, Ration Card, Voter ID, Passport, Adhaar Card, Registered Rent Agreement.
  • Details including name, relation, address and contact number of a local contact person
  • Overseas Bank Account statement for the last 6 months, including salary account
  • NRE Savings Bank statement account for the last 6 months
  • Statement of accounts of all existing loan accounts for the last 1 year
  • Credit Check Reports from Overseas Credit Bureau
  • PIO applicants have to submit one of the following:
    • Photocopy of PIO Card
    • Current passport indicating India as the place of birth
    • Indian passport, if held earlier
    • Parents or grandparents' passport substantiating the claim as PRO

Additional Documents for NRI/PIO

Salaried Individuals Self Employed

Copy of employment contract in vernacular language

Balance sheet and profit and loss account statement of business

Copies of individual ITR for the last 2 years

Copies of individual ITR for the last 3 years

Certified copy of latest salary slip for the last 6 months

A note about the nature of business or profession

Copy of ID card issued by Employer

Business proof ( Any two valid registrations, Place of Business and Address Proof

Continuous Discharge Certificate, if applicable

Continuous Discharge certificate if applicable

Copy of latest work permit


  • Agreement for sale
  • Blueprint or Approved Plan Copy
  • Non Agriculture Certificate
  • Commencement Certificate, if applicable
  • Completion Certificate in case of ready or old flat or house, if applicable
  • Occupancy certificate in case of ready or old flat or house, if applicable
  • Latest Property Tax Receipt in case of old flat or house
  • Society Registration Certificate in case of ready or old flat or house, if applicable
  • Share certificate in case of an old house or flat, if applicable
  • All payment receipts for builder or seller
  • Development Agreement of Builder Registered Copy, if applicable

Other Bank of Baroda Products

There are several other products and services offered by Bank of Baroda apart from Home Loans, which are as follows:

Bank of Baroda Products

Savings Account

Current Account

Salary Account

Baroda E-Trade 3-in-1 Account

Recurring Deposit

Fixed Deposit

Personal Loan

Education Loan


Vehicle Loan

Other Loans

General insurance

Life Insurance

Health Insurance

Mutual Funds


NPS Schemes

Debit Cards

Credit Cards

Prepaid Cards

How to Calculate EMI for Bank of Baroda Home Loan?

EMI Calculator available on MyMoneyMantra simplifies loan application by allowing you to get the exact proposed EMI for your loan. Enter the loan amount, interest rate, and the tenure of repayment on the EMI Calculator. The EMI is calculated based on the rate of interest applicable to the loan that you are applying for.

How Does CIBIL Score Affect Bank of Baroda Home Loan?

The Loan Amount for Bank of Baroda Home Loans is calculated as per the Risk Based Pricing. For this, your credit history and CIBIL Score is extremely important. For availing Home Loan, a CIBIL Score of at least 650 is expected. The higher the score, the better the eligibility for a Home Loan is. You can check your latest credit score on MyMoneyMantra before applying for a loan.

Bank of Baroda Loan Processing Fee and Other Charges

The different charges applicable for Bank of Baroda Home Loan are:

Processing Fees for Baroda Home Loan and Baroda Home Improvement Loan

Up to 50 Lakhs: 0.50% of loan amount (Minimum 7,500 upfront and Maximum 12,500)

Above 50 Lakhs: 0.25% of Loan Amount (Minimum 7,500 upfront and Maximum 20,000)

Processing Fees for Baroda Top up Loans

0.25% of loan amount (Minimum 5,000 and Maximum 12,500)

Processing Fees for Takeover of Home Loan

7,500 up front

Processing Fees for in principal approval for Home Loan

7,500 upfront. If the applicant submits the property documents within the delivery of pre-approval charges, the balance amount for unified processing charges towards Home Loan only will be recovered.

Pre Closure Charges



  • 100% waiver of processing fees on all variants of Home Loans and Baroda Top Up loans subject to recovery of 7,500 + GST or 5,000+GST respectively towards out of pocket expenses.
  • The unified processing charges include:
    • Processing charges
    • Documentation charges
    • Document verification/ vetting charges
    • Pre-Inspection charges
    • One time post inspection charges
    • Advocate charges
    • Valuer Charges for valuation
    • Bureau Report charges
    • CERSAI charges
    • ITR Verification charges

Bank of Baroda Customer Care

You can contact Bank of Baroda for any information or submission of grievances. The contact numbers are as follows:

Toll Free Number for all customers except PMJDY Customers and other financial inclusion schemes (24x7):

  • 1800-223-344
  • 1800-258-4455
  • 1800-102-4455

Toll Free Number for PMJDY customers and other financial inclusion Schemes

1800-102-7788 (6:00 am to 10:00pm)

Missed Call Services

  • Balance Enquiry: 8468001111
  • Mini Statement- 8468001122

NRI (24:7)

  • +91-7949044100
  • +91- 7923604000

Head Office Address:

Bank of Baroda,

Baroda Bhavan,

7th Floor, RC Dutt Road

Vadodra- 390007, Gujarat

Bank of Baroda Home Loan Latest News

Bank of Baroda Offers COVID 19 Personal Loan for Home Loan, LAP, Auto Loan customers

State-owned lender, Bank of Baroda has announced an exclusive COVID 19 Personal Loan up to 5 Lakh for its retail customers of Home Loan, Loan Against Property, and Auto Loan. The loan can be borrowed based on your existing relationship with the bank at a concessional interest rate, starting at 10.25% p.a. Read More

In the wake of COVID-19, Bank of Baroda Extends Moratorium on Loans & Credit Card Dues

In the wake of COVID-19, Bank of Baroda is providing a moratorium of 3 months on payments of all instalments falling due between 01.03.2020 and 31.05.2020 for all term loans, including Retail, Corporate, MSME, Agriculture, Housing, Auto, Personal loans, etc.Read More

Bank of Baroda cuts MCLR by 15 bps

Bank of Baroda has reduced its Marginal Cost of funds-based Lending rate (MCLR) across tenors by 15 basis points. Effective from August 7, the new 1 year MCLR rate is set at 8.45 % p.a. The rate cut will immediately benefit the new Personal Loan, Home Loan and Car Loan customers.

The best Home Loan Rates Being Offered Right Now

17thSept 2018, Bank of Baroda was listed among the top 5 best Home Loan rates being offered by The current interest rates for Bank of Baroda Home Loans start at 8.65% per annum. The loan is subject to zero processing fees subject to out of pocket expenses of 7,500 + GST.

We are betting big on our housing loan portfolio, says Bank of Baroda's Chief Executive Director

17th March 2018, The focused approach of Bank of Baroda towards Home Loan business is yielding tremendous results. The state-owned bank is now confident of increasing the market share of brand new Home Loans to 6% according to Executive Director, Ashok Kumar Garg.

Bank of Baroda Q1 Profit doubles to 528 crore

27th July 2018, State-owned Bank of Baroda claims that profits have doubled to 528 crores in the June Quarter. Within the retail loans, the growth of Home Loans stood at 43.47 %.

Bank of Baroda to Partner with South Korea's KB Financial Group

10th July 2018, State-run Bank of Baroda will enter into a joint venture with KB Financial Group from South Korea to develop innovative payment initiatives that may also result in the issue of new branded cards.

Frequently Asked Questions

What is the maximum loan amount allowed with Bank of Baroda Housing Loan?

You can get up to 10 Crores depending upon the individual risk based pricing and the location of the property in consideration.

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

Close relatives (like spouse, parents, etc.) may be included as co-applicants even without being a joint owner. You can also add an individual who is not a close relative as long as he or she jointly owns the property.

Who is considered a close relative to become a co-applicant for a Home Loan?

The list of close relatives is as follows:

  • Spouse
  • Mother (or stepmother)
  • Father
  • Son (including stepson)
  • Son's wife
  • Daughter (including stepdaughter)
  • Daughter's husband
  • Brother or sister (including stepbrother or sister)
  • Brother's wife
  • Sister or stepsister of spouse
  • Sister's husband
  • Brother or stepbrother of the spouse

Are there any pre-payment charges on Bank of Baroda Home Loans?

There are no pre-payment charges on Bank of Baroda Home Loans

Will the processing fee for Bank of Baroda Home Loans be waived?

The processing fee is waived 100% subject to 7,500 + GST for out of pocket expenses

What is the minimum age of eligibility for a Bank of Baroda Home Loan?

The minimum age for the applicant is 21 years and for the co-applicant it's 18 years

What is the maximum repayment tenure with Bank of Baroda Home Loans?

The maximum repayment tenure can extend up to 30 years with Bank of Baroda Home Loans

What can I offer as security against Bank of Baroda Home Loans?

The property purchased or constructed is considered as a mortgage against the loan. If this is not feasible, Insurance Policies, Shares and Debentures, Government Promissory Notes, etc. are accepted as security. 

Is there any moratorium or holiday period available with Bank of Baroda Home Loans?

You can get a holiday period of up to 36 months with Bank of Baroda Home Loans.

Is Bank of Baroda Home Loans available to Non Resident Indians?

Bank of Baroda Home Loan is available to NRIs, PIOs, and OCIs as well who have adequate proof of income. The loan is available to salaried and self-employed individuals as well.

Why Apply for Bank of Baroda Home Loan on MyMoneyMantra?

MyMoneyMantra has over 70 finance partners which allow you to get the best loan deals with a few simple steps. Our team of financial experts includes over 2,500 relationship managers who guide you through various loan processes for hassle-free documentation and application.

Applying for a Home Loan with MyMoneyMantra gives you the following advantages:

  • You can compare the Home Loan interest rates of different banks on the website
  • You have the option of consulting with loan specialists to find the best loans for your requirement and budget.
  • You can get a customised quote based on your repayment capacity and budget
  • All documentation processes are handled by MyMoneyMantra including collection and submission of the document kits.
  • MyMoneyMantra also provides assistance with the loan approval and disbursement processes
  • You can be assured of complete confidentiality and privacy of all details provided during the application.
  • You can calculate the prospective equated monthly instalment (EMI) of your Home Loan using MyMoneyMantra's EMI Calculator.

How to Apply for Bank of Baroda Home Loan on MyMoneyMantra?

To begin a loan application, you will need to visit MyMoneyMantra and go to the Home Loan section mentioned under Loans tab. Then select your gender, loan amount required and enter personal details including place of property purchase or construction, phone number and email ID. Enter the OTP provided to your phone number to complete this process.

Once you have registered successfully, you will be able to complete the loan application with the following simple steps:

  • Ensure that the loan documents are ready for verification
  • Loan specialists will guide you with respect to documentation
  • The loan document kit is collected and submitted to the respective bank
  • The bank that you are applying for a loan with will conduct a personal interview
  • Following that, MyMoneyMantra will assist you with loan approval and disbursement as well

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