Here is all you need to know about home loans offered by Bank of Baroda, including interest rates, eligibility, documents, and more.
Own your dream home with the help of a Baroda Home Loan. You can borrow up to ₹20 Crores and finance up to 90% (for newly constructed houses/flats) of your property’s cost. With interest rates starting from just 7.45% p.a., you can ensure comfortable repayment.
The loan offers a moratorium period of up to 3 years after disbursal and the flexibility to repay over tenures of up to 30 years. These features can add value to your home financing experience, allowing you to repay stress-free.
Knowing the interest rate and processing charges is crucial for estimating the cost of taking a home loan. Check the table for these primary charges:
| Particulars | Details |
|---|---|
| Starting Interest Rate |
7.45% p.a. (for floating-rate loans) 9.15% (for fixed-rate loans) |
| Processing Fee |
|
Disclaimer: The details mentioned above are subject to change at the lender’s discretion.
Baroda Home Loan charges include a conversion fee when you switch from one type of interest rate to another. Here are its details as well as charges related to prepayment.
| Particulars | Details |
|---|---|
| Conversion Charges from Fixed to Floating Rates or Vice Versa |
|
| Prepayment Charges |
Nil (for floating-rate loans) Nil (for fixed-rate loans if prepaid from the borrower’s own source) 0.50% of the outstanding amount (applicable to balance transfers to other lenders on a fixed-rate loan) |
Disclaimer: The details mentioned above are subject to change at the lender’s discretion.
Using an EMI calculator to estimate your EMIs for a housing loan from Baroda Bank helps you plan repayment and choose the ideal loan terms. It also enables you to compare monthly instalments across different lenders and choose the best loan to finance your home.
The Home Loan EMI Calculator on Bajaj Markets helps you plan your finances with ease. Just enter the loan amount, interest rate, and tenure to view your EMI, total interest payable, principal amount, and overall repayment amount.
Borrow amounts as high as ₹20 Crores and fund your house purchase
Enjoy interest rates starting from as low as 7.45% p.a.
Apply for the Baroda Housing Loan online to get approval in just 30 minutes by completing 3 steps
Promotional offers such as pre-approved or complimentary credit cards may be available for select customers; check current promotions and eligibility with the bank.
Repay the loan over long tenures ranging up to 30 years
Prepay and close the loan sooner without having to pay any additional charges
Get a top-up loan against the same collateral and meet a range of personal needs
The lender offers a home loan with a low processing fee and no hidden charges
To qualify for this loan, you will need to meet the following requirements:
Age bracket of 21 to 70 years; co-applicants should be at least 18 years old
Salaried or self-employed professional with a stable income
For salaried applicants, the age plus repayment period should not exceed retirement age
For self-employed applicants, the age plus repayment period should not exceed 65 years, with case-to-case consideration
If salaried, at least 1 year of work experience is required
If self-employed, at least 2 years of work experience is required
To apply for a Baroda Home Loan, you will need to provide certain documents to verify your details.
A duly filled and signed application form along with recent passport-sized photographs
Passport
PAN Card (mandatory for loan application above ₹10 Lakhs)
Driving Licence
Voter ID
Aadhaar Card
Aadhaar Card
Voter ID
Driving Licence
Passport
Ration Card
Registered Rent Agreement
Birth Certificate
Voter ID
Passport
Aadhaar Card
Salaried Applicants
Salary slips of the last 3 months and the latest salary slip for guarantors
Last 1 year’s Form 16 and ITR
Bank statements of the previous 6 months
Copy of Employee ID card
Any official letter showing the duration of your employment
Self-employed Applicants
Balance Sheet, Profit & Loss statements, and computation of income for the last 2 years
Income Tax Returns of the last 2 years
Bank statements of business accounts for the previous 6 months
Business proof, such as Gumasta License, Registration Certificate, or Service Tax Registration
IT Assessment / Clearance Certificate, Income Tax Challans, TDS Certificate, or Form 26 AS for income declared in ITR
Original Sale Deed, Letter of Allotment, or stamped agreement
NOC from the builder or society
Occupancy Certificate (for ready-to-move-in property)
Original receipts for advance payments made
Land tax receipts
Property plan from the builder
Society Registration / Share Certificate (for old flats/houses)
Title Clearance & Valuation Reports
Check the list of documents required for a home loan on Bank of Baroda’s official website or mobile app.
This lender offers a wide range of home loan options to suit various needs, whether you are buying, constructing, or renovating a home, or transferring an existing loan. Each product is designed with flexible terms to make home financing more convenient. Take a look at the options below:
Designed for companies, firms, and LLPs, this loan helps them purchase or construct residential units for employees, directors, or partners. Eligibility is limited to projects in metro and urban areas.
This housing loan helps individuals buy a flat or plot, construct a home, or even extend an existing home.
This loan links with a savings account, allowing any surplus balance to be set off against the outstanding loan amount daily. It helps reduce interest costs while maintaining EMI flexibility.
This scheme allows you to transfer an existing home loan from another bank or housing finance company to Bank of Baroda. It comes with competitive terms and the option to secure a top-up loan.
Ideal for renovation, repairs, or upgrades to an existing house. Both resident and non-resident Indians are eligible to apply.
This facility provides in-principle approval for a loan even before you have selected a property. It gives you up to four months to finalise your purchase.
This loan provides additional funding by leveraging the value of a property already owned. The amount can be used for personal or financial requirements.
This option supports additional home-related expenses such as registration fees, stamp duty, or insurance. It complements your main home loan for easier overall financing.
This loan is targeted at weaker sections and lower-income groups to support the purchase, construction, or improvement of homes. It offers financing up to ₹8 Lakhs without the need for collateral.
Applying for a home loan from the Bank of Baroda is easy when you choose the online route:
Step 1: Visit the official website of Bank of Baroda
Step 2: Navigate to the ‘Loans’ section and select ‘Baroda Home Loan’
Step 3: Click on ‘Apply Online’ and then on ‘Proceed’ when you see the pop-up
Step 4: Enter your full name and email ID to sign up
Step 5: Select your preferred Bank of Baroda branch
Step 6: Provide your phone number and enter the generated OTP to verify your identity
Step 7: Agree to the terms and conditions, then click ‘Proceed’
A bank representative will contact you for the next steps.
You can check the status of your Baroda Home Loan application online or offline. Here’s how:
Step 1: Visit the official Bank of Baroda website
Step 2: Click on ‘Login’ and choose ‘bob World Internet (Net Banking) India’
Step 3: Enter your user ID and click on ‘LOGIN’
Step 4: Navigate to the section that shows your home loan details and check the current status
Step 1: Download the ‘bob World: Banking & Experience’ App
Step 2: Log in using your credentials
Step 3: Navigate to the section that displays the loan details
Step 4: Select the option to track application status and enter your details
Step 5: View your home loan status on your mobile device
Step 1: Visit your nearest Bank of Baroda branch
Step 2: Inform the bank officer that you want to check your home loan status
Step 3: Provide your loan application number and ID proof
Step 4: The officer will provide your home loan application status
Accessing the statement helps you check the home loan balance and plan repayment or prepayment with ease. You can easily access your statement using the following methods:
Internet Banking: Log in to your online account and generate your statement for the desired period.
‘bob World: Banking & Experience’ App: Request your home loan statement on the mobile app and receive it via a password-protected PDF in your email.
Visit a Branch: Collect a physical or digital copy of your statement with assistance from branch staff.
Email: Provide your email at the base branch to receive regular e-statements directly in your inbox.
Customer Support: Contact the bank’s customer support team and request your statement via email.
The Bank of Baroda provides multiple channels for you to get assistance with your queries. Here are the general customer care numbers:
Domestic Toll-Free: 1800 5700 / 1800 5000 (available 24x7)
From Abroad: +91 79-66296009 (available 24x7)
NRI Support:
Phone: +91 79-66296629 (24x7)
Email: nricustomercare@bankofbaroda.com
Report Unauthorised Transactions: Call 1800 5700 / 1800 5000, use the Online Account Blocking Portal, or block via the bob World app/Internet banking
Locate Branch: On https://www.bankofbaroda.in/locate-us/branches
Bank of Baroda offers flexible options for paying your home loan EMIs. You can choose the method that is most convenient for you.
‘bob World: Banking & Experience’ App: Pay your EMIs directly through the bank’s mobile app for a quick and seamless transaction
Bank Transfers: Make EMI payments from a Bank of Baroda account using internet banking or the mobile app
Other Bank Accounts: Repay EMIs via NEFT, IMPS, or RTGS from accounts held with other banks
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You can borrow amounts of up to ₹20 Crores with the help of this housing loan.
You can repay the loan over repayment tenures ranging up to 30 years.
Yes, you can get a top-up loan on your current Baroda Home Loan if your eligibility matches the bank’s predefined terms and conditions.
The processing fee for a Baroda home loan depends on the loan amount. For loans up to ₹50 Lakhs, it is 50% of the applicable fee, ranging from ₹8,500 to ₹15,000. For loans above ₹50 Lakhs, it is 25% of the applicable fee, between ₹8,500 and ₹25,000.
Yes, Bank of Baroda offers home loans for both resale and under-construction properties.
No, Bank of Baroda does not charge any prepayment or foreclosure fees on floating-rate loans. The charges are also nil for fixed-rate loans if the prepayment is made from the borrower’s own funds.
Bank of Baroda generally conveys its decision within 30 days from the date of your application.
Yes, you can add close relatives as co-applicants to increase your eligibility. If you wish to include someone who is not a close relative, they can be considered only if they are a joint owner of the property.
Yes, through the Baroda Home Loan Takeover Scheme, you can transfer an existing home loan from another bank or housing finance company to Bank of Baroda.