|Loan Amount||Up to Rs. 25 Crore|
|Interest rate||10.85% - 16.50%|
|Tenure||Up to 15 years|
|Processing fee||Term Loan: Up to 1% |
Overdraft: Up to 0.35%
You can also Check Loan Against Property without Income Proof and ITR
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 Lender||Interest Rate (% p.a.)|
|State Bank of India||10% - 11.55%|
|LIC Housing Finance||9.70% - 11.55%|
|IDFC First Bank||9.00% - 20.00%|
|Home First||12.80% - 18.50%|
|HDFC Bank||9.50% - 11.00%|
|Kotak Mahindra Bank||9.15% - 10.50%|
|PNB Housing Finance||9.25% - 12.45%|
|Bank of Baroda||10.85% - 16.50%|
|ICICI Bank||10.85% - 12.50%|
|Bajaj Housing Finance||9.75% - 18%|
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.
|Category||Tenure: Up to 120 months||Tenure: 120 to 180 months|
|Mortgage Loan up to Rs 7.5 Cr||10.85% to 15.75%||11.35% to 16.25%|
|Mortgage Loan above Rs 7.5 Cr||11.10% to 16.00%||11.60% to 16.50%|
You can check Bank of Baroda Overdraft Interest Rate by adding 0.50% above card rates.
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.
You can also check for Loan against Agriculture Land
Mortgage loans are available against immovable properties, such as:
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
Term loan: 180 months
Overdraft: 12 months; Subject to Annual Review
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):
Non-Resident Indians (NRIs):
*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.
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:
|Type of Charge||Description|
For Term Loans:
ODs up to Rs 3 Crores:
Above Rs 3 Crores:
|Inspection||Rs. 100 plus GST |
*applicable after 2nd instance only
|Legal opinion & valuation||As applicable|
|Mortgage creation||As applicable|
|Stamp duty, property registration etc.||As applicable|
|Commitment charges||0.50% on unutilized portion |
*applicable on ODs where average quarterly usage remains more than 60% unutilized
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:
|EMIs for 5 years||EMIs for 10 years||EMIs for 15 years|
|10 Lakhs||Rs. 21668||Rs. 13690||Rs. 11,272|
|20 Lakhs||Rs. 43,335||Rs. 27,380||Rs. 22,544|
|30 Lakhs||Rs. 65,003||Rs. 41,071||Rs. 33,816|
|40 Lakhs||Rs. 86,671||Rs. 54,761||Rs. 45,088|
|50 Lakhs||Rs. 1,08,338||Rs. 68,451||Rs. 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 offers mortgage loan as term loan, demand loan or an overdraft facility (only to Resident Indians).
Bank of Baroda Term Mortgage Loan:
Bank of Baroda Overdraft (Against Land & Building)
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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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.
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.
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.
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.
You can foreclose your Bank of Baroda property loan account. A stipulated foreclosure fees will be applicable as mentioned in the loan agreement.
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.
At present, Bank of Baroda LAP Interest Rate ranges between 10.85% - 16.50% p.a.
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.
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%.
Here are some tips to settle a loan against my 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.
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.