Bank of Baroda Loan Against Property Details

Loan AmountUp to Rs. 25 Crore
Interest rate10.85% - 16.50%
TenureUp to 15 years
Processing feeTerm Loan: Up to 1%  
Overdraft: Up to 0.35%

You can also Check Loan Against Property without Income Proof and ITR

Apply for IDFC Loan Against Property

Compare BOB Loan Against Property Interest Rate with Other Lenders

Below is the comparison of Bank of Baroda Mortgage Loan Interest Rate 2023 with loan interest rates of other lenders. You can compare the interest rates offered by different lenders to choose the best option:

Name of the LenderInterest Rate (% p.a.)
State Bank of India10% - 11.55%
LIC Housing Finance9.70% - 11.55%
IDFC First Bank9.00% - 20.00%
Federal Bank12.60%
Home First 12.80% - 18.50%
HDFC Bank9.50% - 11.00%
Kotak Mahindra Bank9.15% - 10.50%
PNB Housing Finance9.25% - 12.45%
Bank of Baroda10.85% - 16.50%
ICICI Bank10.85% - 12.50%
Tata Capital10.10%
Bajaj Housing Finance9.75% - 18%

Bank of Baroda Loan Against Property Interest Rates

Bank of Baroda Mortgage Loan Interest Rate vary according to the borrower’s credit profile, property value and product category. 

Check Loan Against Property Interest Rate for the lowest LAP Interest Rates in Bank of Baroda.

CategoryTenure: Up to 120 monthsTenure: 120 to 180 months
Mortgage Loan up to Rs 7.5 Cr10.85% to 15.75%11.35% to 16.25%
Mortgage Loan above Rs 7.5 Cr11.10% to 16.00%11.60% to 16.50%

You can check Bank of Baroda Overdraft Interest Rate by adding 0.50% above card rates.

Bank of Baroda Loan Against Property Features & Benefits

  • Customised mortgage loan against immovable property.
  • BOB LAP is available as a Term Loan, Overdraft or Demand Loan.
  • BOB LAP interest rates are competitive, starting at 10.85% - 16.50% p.a.
  • Processing fee is nominal at 1 % for term loan and 0.35% for overdraft.
  • Avail high value BOB loan against property for up to 25 crore:

Get max LAPs up to 25 Crores in metro cities, 10 Crores in urban areas, 5 Crores in semi-urban urban and 25 Lakhs at rural branches.

  • Loan is available for all purposes, except for speculation activities. 
  • LAPs are available for extended tenure of 15 years.
  • Both individuals as well as non-individuals can apply for BOB LAP.
  • Expect fast processing and easy documentation.
  • Attractive balance transfer options are also available.

You can also check for Loan against Agriculture Land

HDFC Home Loan Offer

Bank of Baroda Loan Against Property Eligibility Criteria

Mortgage loans are available against immovable properties, such as:

  • Residential property (House/flat)
  • Commercial property (Building/land & building)
  • Plot of land (not agricultural land)

Loan Amount: Rs. up to 25 crore  
Eligibility for amount is assessed basis following income criteria:

Net Monthly Income up to Rs. 75,000: 50% 
Net Monthly Income above Rs. 75,000 up to Rs. 3 lakhs: 60% 
Net Monthly Income up to above Rs. 3 lakhs: 70% (For Doctors and practicing Chartered Accountants – 75% to 80%)

Others (self-employed & professionals:  
Gross Annual Income up to Rs. 5 lakhs: Approval for 5 times of GAI  
Gross Annual Income above Rs. 5 lakhs up to Rs. 8 lakhs: Approval for 6 times of GAI  
Gross Annual Income above Rs. 8 lakhs: Approval for 8 times of GAI

Repayment Period:   
Term loan: 180 months  
Overdraft: 12 months; Subject to Annual Review

Repayment Capacity:  
Loan is approved basis repayment capacity of the borrower. EMI will be assessed as under:

Gross monthly income up to Rs. 75,000: Up to 50% of GMI  
Gross monthly income above Rs. 75,000 to Rs. 3 lakhs: Up to 60% of GMI  
Gross monthly income above Rs.3 lakhs: Up to 70% of GMI

Resident Indians (RIs):

  • Eligibile profiles: Salaried/ Self-employed/ Business Persons/ Professionals/ Agriculturists.
  • Borrower should be employed or engaged in business or profession for at least 3 years.
  • Both primary and co applicants should have minimum Gross Annual Income of 3 Lakhs in last 3 years.  
  • Facilities available: Term loan/demand loan/overdraft

Non-Resident Indians (NRIs):

  • The applicant should hold a valid Indian Passport.
  • The borrower should have a regular employment/ business for a minimum of 2 years.
  • There should be a valid Job-Contract/ work permit for 2 years in foreign country.
  • The minimum Gross Annual Income for main applicant & co-applicant should be Rs 5 Lakhs in last 3 years.
  • Facilities available: Term loan/demand loan

*HUF/ Trust/ Public limited company are not eligible to apply for Bank of Baroda Mortgage Loan.

You can also check Loan Against Property Eligibility from Top Banks Online.

Documents Required for Bank of Baroda Loan Against Property

The primary as well co applicants need to submit documents to establish their citizenship, income, identity, address, age and property ownership. Here is a summary of Loan against property documents required

  • Dully filled loan against property form with passport size photos of all applicants.
  • Proof of Identity (any one): Aadhaar card, PAN card (mandatory), driving license and passport.
  • Proof of residence: Driving license, passport, Voter ID, rent agreement and latest utility bill.
  • Income: Salary slips for last three months, Form 16, business existence proof & bank statement for last 12 months (as applicable for profile).
  • Proof of income through other sources such as rent receipts, pension statement etc.
  • Proof of age: Birth certificate, LIC Policy, Employee ID and Domicile Certificate.
  • Chain of property title deeds.

Bank of Baroda Loan Against Property Fees & Charges

Type of ChargeDescription
Processing fees

For Term Loans:

  • 1% 
  • Minimum Rs 8,500 (upfront)
  • Maximum  Rs 1,50,000 

For Overdraft:

ODs up to Rs 3 Crores: 

  • 0.35%
  • Minimum: Rs 8,500 (upfront)  
    Maximum: Rs 75,000

Above Rs 3 Crores: 

  • 0.25%
  • Minimum: Rs 8,500 (upfront)
InspectionRs. 100 plus GST  
*applicable after 2nd instance only
Legal opinion & valuationAs applicable
InsuranceAs applicable
Mortgage creationAs applicable
Stamp duty, property registration etc.As applicable
Commitment charges0.50% on unutilized portion  
*applicable on ODs where average quarterly usage remains more than 60% unutilized

How to Calculate Bank of Baroda Loan Against Property EMI

You can conveniently calculate BOB Loan Against Property EMI with LAP EMI Calculator. Click on the EMI Calculator and enter details: Loan Amount, Interest Rate and Repayment Tenure.

Clicking on the calculate button and you will get loan EMI with amortization schedule. You can use different combinations to assess the loan affordability and make an informed decision.

The EMI will vary according to the loan tenure, interest rate and amount. Here is the calculation for the lowest bank of Baroda mortgage loan interest rate offer @10.85% - 16.50% for 5, 10 & 15 years in the range of 10 lakh to 50 Lakh:  

Loan Against Property EMI Calculation

Loan AmountTenure
EMIs for 5 yearsEMIs for 10 yearsEMIs for 15 years
10 LakhsRs. 21668Rs. 13690Rs. 11,272
20 LakhsRs. 43,335Rs. 27,380Rs. 22,544
30 LakhsRs. 65,003Rs. 41,071Rs. 33,816
40 LakhsRs. 86,671Rs. 54,761Rs. 45,088
50 LakhsRs. 1,08,338Rs. 68,451Rs. 56,360

You can also use HDFC Bank Loan Against Property EMI Calculator to find out how much you will save on interest and how it affects your Loan EMI.

Bank of Baroda Loan Against Property Offers & Schemes

Bank of Baroda offers mortgage loan as term loan, demand loan or an overdraft facility (only to Resident Indians).

Bank of Baroda Term Mortgage Loan: 

  • Term mortgage loan where EMIs are repaid each month.
  • EMI constitutes interest as well as principal amount. 
  • The loan is sanctioned basis borrower’s repayment capacity & property value. 
  • The property is pledged for a loan by bank.

Bank of Baroda Overdraft (Against Land & Building)

  • Overdraft facility is available for pre-owned land and building structure. 
  • The eligibility depends on the applicant's credit profile. 
  • The facility is not open for NRIs.
  • There is no fixed EMI structure.
  • The BOB OD Interest Rate is charged only for the amount utilised.

Bank of Baroda Loan Against Property Customer Care

Resident Indians can contact Bank of Baroda loan helpline on following toll-free numbers:

1800 258 44 55  
1800 102 44 55

For NRIs helpline numbers are: 

+91 79-49044100 or +91 79-23604000

The lender has pan India presence. You can also reach out to the nearest branch for resolution of your queries.

Corporate office address:

Bank of Baroda, 
Baroda Corporate Centre, Plot No. C-26, Block G, 
Bandra Kurla Complex, Bandra (East), Mumbai 400051 
Telephone: 022 6698 5000-04 
Fax 022 2652 3500

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Pre-Approved Loan Against Property @9% p.a 

Up to Rs. 5 Crore loan against property can be availed by Salaried and self-employed applicants online as well as offline. The LAP can be used for applied for business expansion, long term working capital, debt consolidation, equipment purchase, medical exigency, education/ marriage of children, holiday and much more. Higher loan amounts are available for select customers.

Bank of Baroda Loan Against Property FAQs

✅ What types of property are accepted as collateral for Mortgage Loan from Bank of Baroda?


Self-owned (including rented out) residential or commercial properties like shops and complexes are accepted for Mortgage Loan. You can also avail loan against plot.

✅ Can I avail a Top Up for my Bank of Baroda Loan Against Property?


Yes, you can apply for a top up as well as OD facility and check BOB Overdraft Interest Rate. The eligibility will be based on your past repayment record and overall credit profile.

✅ Can I apply for Loan Against Property without income proof?


Income proof is one of the prerequisites for a loan approval. The BOB assesses customer’s loan repayment capacity on the basis of net income. You can submit different types of income proofs other than salary proof and business income proof. The property rent receipts and pension statements are also acceptable as income proof.

✅ Can I close my loan account before the tenure?


You can foreclose your Bank of Baroda property loan account. A stipulated foreclosure fees will be applicable as mentioned in the loan agreement.

✅ What is the maximum amount I can get as BOB loan against property?


Bank of Baroda extends Loan Against Property up to 25 Crores. The approval is based for up to 60% of the market value of collateral attached.

✅ What is the rate of interest for loan against property in Bank of Baroda?


At present, Bank of Baroda LAP Interest Rate ranges between 10.85% - 16.50% p.a.

✅ How much loan will I get against property?


The Bank of Baroda offers loans against property amounts up to 60% of the market value of the property. However, doctors are eligible to get a loan amount of up to 65% of their property value.

✅ Which bank is best for loan against property?


ICICI Bank, HDFC Bank, SBI, Kotak Mahindra Bank, and IDFC First Bank are some of the best banks to avail of a loan against property at affordable interest rates starting @ 9%.

✅ How do I settle a loan against my property?


Here are some tips to settle a loan against my property:

  • Clear your high-interest loans first
  • Opt for debt consolidation facility
  • Use a big bonus or other windfall gains to make prepayments
  • Opt for a Loan Against Property Balance Transfer facility 

✅ What type of loan is loan against property?


Loan against property is a secure loan that can be obtained against the mortgage of a residential or commercial property. You can check the features & benefits of Commercial Property Loan and apply online. 

✅ What happens if you don't pay a loan against property?


You can face the risk of losing ownership of your mortgaged property in case you fail to pay a loan against property. The bank will have full control over the property mortgaged as the collateral and it can auction or sell the property to recover its unpaid dues.