Bank of Baroda Home Loan

BOB Home Loan @ 7.95% p.a - Check BOB Home Loan Types & 2023 Schemes

✓ Home Loan from ₹2 Lakhs To ₹15 Cr ✓ Multiple Lending Partners ✓ Interest Rates Starting @ 8.50%

**Disclaimer: Bank Of Baroda is not a Finserv MARKETS’ partner. Offers would be from partner Banks/NBFCs only.

Bank of Baroda home loan interest rate starts at 7.95% p.a. with tenure of upto 30 years and loan amount upto Rs.10 Crores to eligible customers looking to buy/construct their dream home or improve/extend an already existing property. It comes with its excellent features & benefits for people intending to purchase their own homes, is one good option. 

Residents, as well as non-resident Indians, can avail of Bank of Baroda Home Loan. BOB, a public sector bank, makes owning a home a reality with their home loan products & offers interest subsidies for the underprivileged with a monthly income of less than Rs. 5000. 

Bank of Baroda Home Loan Interest Rate 2023

Bank of Baroda Housing Loan interest rate is linked to Baroda Repo Linked Lending Rate (BLLR). At present, the BLLR rate is 7.95% p.a. The interest rates of Bank of Baroda Home Loan Schemes are presented below:

BOB Home Loan Schemes

Interest Rates p a

Baroda Home Loan

7.95% p.a. to 9.70% p.a.

Baroda Home Improvement Loan

7.95% p.a. to 9.30% p.a.

Baroda Home Loan Advantage

7.95% p.a. to 9.55% p.a.

Baroda CRE Home Loan

8.45% p.a. to 9.80% p.a.

Baroda Top Up Loan (Resident/NRIs/PIOs)

8.80% p.a. to 10.65% p.a.

Baroda Ashray (Reverse Mortgage Loan)

10.55% p.a.

Disclaimer: Interest rates & charges are subject to change depending on market conditions and the bank’s discretion.

Bank of Baroda Home Loan Fees and Charges

Charges associated with BOB Housing Loans are given below:


Applicable Charges (exclusive of GST)

Processing fees*

Up to Rs. 50 Lakhs: 0.50% of loan amount (Min Rs. Rs. 8,500 (Upfront) & Max. Rs. 15,000)

Above Rs. 50 Lakhs: 0.25% of loan amount (Min Rs. Rs. 8,500 (Upfront) & Max. Rs. 25,000)

Modification charges

Up to Rs. 1 Crore: Rs. 5,000

Above Rs. 1 Crore & up to Rs. 10 Crores: Rs. 15,000

Above Rs. 10 Crores: Rs. 25,000

Deviation charges

Rs. 1,500 per deviation (Max. Rs. 5,000)

Bank of Baroda Home Loan Eligibility

Resident and non-resident Indians between 21 and 70 years are eligible for BOB home loans.  The Home loan Eligibility Criteria for Salaried & Self-Employed Individuals is represented below:


Salaried Individuals

Self-employed Individuals


21-60 Yrs

21-70 Yrs


Regular Income

Regular Income

Professional Status/ Job

Minimum 2-3 years in the job

Must be in the same business for at least 2-3 years

Bank of Baroda Home Loan EMI Calculator

Using the BOB Home Loan EMI Calculator, know your housing loan EMI in just a minute by entering your desired loan amount, interest rate, tenure, and processing fee and then clicking “Calculate.” For example, using the BOB Home Loan eligibility calculator and considering an interest rate of 7.95% p.a. for a loan amount of Rs 10 lakhs for 30-year tenure would amount to an EMI of Rs 7303/- only.

** The above charges are excluding taxes
* Placeholder for disclaimers on Interest and Charges page
 **These are indicative and subject to change at the discretion of lender/ without prior notice.

The table below shows the EMI amount according to your loan amount and the term availed.

Loan Amount

10 Years

20 Years

30 years

Rs.10 lakh




Rs.20 lakh




Rs.40 lakh




Rs.50  lakh





How to Apply for BOB Home Loan Online?

Check step-by-step process to apply for a Bank of Baroda home loan online: 


  • Step 1: Visit their website 

  • Step 2: Keep all required documents ready.

  • Step 3: Fill up the form and follow the instructions to complete the online application. 

How to Apply for BOB Home Loan Offline?

Check step-by-step process to apply for a Bank of Baroda home loan offline:


  • Step 1: Visit the nearest branch to fill in the application form for a home loan.

  • Step 2: Carry all the required documents when you visit the branch to process your loan quickly.

  • Step 3: Fill in the following details on the form:

  • Personal information (name, age, and gender)

  • Professional data (income, employer’s name, professional stability)

  • Residence and address for correspondence

  • Contact details (email ID, mobile number)

  • Aadhaar Number

  • PAN

  • Required loan amount

  • Co-borrower or co-applicants details, if any

Documents Required for Bank of Baroda Home Loan

Required documents for Bank of Baroda Home Loan (for Salaried & Self-Employed Individuals):

Proof of Identity( Any One)

Valid Passport/ PAN card/ Driving Licence/Voter ID/ Aadhaar Card

Residence Proof ( Any One)

Aadhaar Card/ Voter ID/ Driving Licence/ Passport/ Utility Bills

Age Proof( Any One)

Birth Certificate/ Voter ID/ Valid Passport/ Aadhaar Card

Income Proof For Salaried

  1. Latest Salary Slips of 3 months & 1 month for Guarantors

  2. Form 16 & ITR – last 1 year, of Applicants & Guarantors(if any ) 

  3. Identity Card provided by Employer 

Income Proof For Self-employed

  1. Balance Sheet & Profit and Loss  A/c,  Income Computation of Last 2 years

  2. Income Tax Returns – last 2 years for Applicants, 26 AS, Traces

  3. Business proof: Gomasta License, Registration Certificate, Service Tax Registration, etc

Other Documents

  1. Processing fee cheque in favour of the bank

  2. Duly filled and signed application form with passport size photographs of the applicant and co-applicants

Check detailed Documents list required for Housing Loan

Bank of Baroda Home Loan Types

Types of Bank of Baroda Home Loan are:

1. Baroda Home Loan- You can buy your new home at a 7.95% to 9.70% rate of interest p.a. 

BOB Home Loan LTV Ratio:

Home Loan Amount 

Property Cost Covered

Loan Amount upto Rs 30 Lakh

Upto 90% of Property Cost

Loan Amount above Rs 30 Lakh - 75 Lakh

Upto 80% of Property Cost

Loan Amount above Rs 75 Lakh

Upto 75% of Property Cost

2. Baroda Home Loan Advantage- It is a home loan with an overdraft facility, and it is linked with a savings bank account. The Interest Rate is 7.95% to 9.55% p.a., calculated on the daily outstanding credit balance in the savings bank account.

3. Baroda Top-up Loan (Resident/NRO/PIOs)- It is for existing home loan customers who need additional finance. The interest rate is 8.80% p.a, and the repayment tenure is the balance period of the existing home loan.

4. Baroda ASHRAY Reverse Mortgage Loan- Provides an additional income source to senior citizens. The interest rate is 10.55% p.a. onwards.

5. Bank of Baroda Home Improvement Loan- Apart from repairs and renovation to your existing home, you can also purchase new furniture, fittings and the interest rate is 7.95% to 9.30% p.a.

6. Bank of Baroda Pre-Approved Home Loan - Pre-approved Home Loan is approved before the property is identified and interest Rate is as per credit assessment.

7. Baroda Home Loan Advantage for NRI/PIOs- Sanctioned loan is linked to the savings bank account, and interests are charged on the daily outstanding credit balance in the linked savings bank account.

8. Baroda Home Improvement Loan for NRI/PIOsHome Improvement Loan can be availed to improve/repair/renovate an existing property. Loan tenures up to 30 years with and interests are charged on a daily reducing balance at monthly rates.

9. Interest Subsidy Scheme for Housing the Urban Poor (ISHUP)- It addresses the housing needs of the Low Income Group (LIG-monthly income up to Rs. 10,000) and the Economically Weaker Section (EWS- monthly income is up to Rs. 5,000).

10. Pradhan Mantri Awas Yojana (PMAY) - Affordable housing benefits are offered under PMAY Scheme. Interest subsidies or credit are offered on home loans based on the annual income category of the family.

Bank of Baroda Home Loan Customer Care

Queries and complaints related to home loans are resolved by the Bank of Baroda Customer Care team. The Customer Care team can also be reached via a phone call, email, or visiting the nearest bank branch to resolve your issues. 

Below are the details of Bank of Baroda home loan customer care:

Toll-free Number (for all customers 

except for PMJDY)

1800 102 4455 / 1800 258 44 55
(Available -24×7)

Toll-free Number (for PMJDY & other Schemes)

1800 102 77 88
(Timings: 06:00 a.m. to 10:00 p.m.)

Contact Number for NRIs 

+91 79-49044100 / +91 79-23604000 


Factors affecting Bank of Baroda Home Loan Rates

Several factors affect your home loan interest rate, such as: 

  • Loan amount- Bank of Baroda provides a home loan of Rs 15 lakhs to up to Rs 10 Crores. Depending upon your net monthly salary (after all deductions), the bank shall determine the EMI for your home loan amount.

  • Credit Score- Higher credit score helps an applicant to get a home loan at a low-interest rate. 

  • Down Payment- A large down payment reduces the amount of loan required, which in turn reduces the interest and EMI you need to pay.

  • Type of Interest- BOB offers both fixed and floating interest rates on the home loan. 

  • Other factors- Duration of loan and the property’s value also affect the bank loan rates.

Benefits of Bank of Baroda Home Loan

  • High loan amounts at low-interest rates

  • Free credit card and accident insurance

  • 0.25% discount on car loan taken with home loan

  • Option to top-up five times during the loan tenure

  • Fast approval 

  • Zero prepayment charges with a floating rate of interest

  • Attractive and affordable interest rates

Features of BOB Housing Loan

  • Loan amount: The sanctioned house loan amount varies as per the location and income of the applicants. In semi-urban and rural areas, the maximum amount is Rs. 1 crore, while in metros; the highest home loan amount can vary from Rs. 5 Cr to Rs. 10 Cr.

  • Interest rate: BOB home loan interest rate is linked to the bank's BRLLR- Baroda Repo Linked Lending Rate, and it is reset every month.

  • Tenure & moratorium: The tenure on BOB home loans varies based on the loan amount and the borrower's income and has a maximum tenure of 30 yrs. The moratorium period on home loans can be a maximum of up to 36 months after the loan amount is disbursed.

  • Collateral: BOB requires collateral against home loans and accepts mortgages of the constructed or purchased property as collateral. Collateral for home loans is also taken in the form of insurance policies, government promissory notes, shares and debentures, gold ornaments, etc.

BOB Home Loan FAQs

  • ✔️What maximum loan amount can I get on the Bank of Baroda Home Loan?

    BOB decides the eligible loan amount depending on the repayment capacity and other factors (age, income, dependents, assets, liabilities, occupation stability, etc.). BOB offers housing finance up to Rs.1 Crore for rural and semi-urban areas, up to Rs. 5 Crores in the metro cities, and a maximum loan amount of Rs. 10 crores for borrowers in Mumbai.

  • ✔️How can one check the Bank of Baroda Home Loan status?

    If you have applied online, you can track your Bank of Baroda home loan application status by logging in to the Bank of Baroda's official website. If you have applied offline, you can track your application status by contacting your relationship manager.

  • ✔️What is the maximum repayment period of BOB Home Loan?

    Bank of Baroda grants housing loans up to a maximum of 30 years and shall under no circumstances exceed the retirement age or 65 years of age, whichever is earlier.

  • ✔️Can I take Bank of Baroda's Top-Up Loan on the existing Home Loan without pledging extra collateral?

    Yes, a top-up home loan on your existing Bank of Baroda Home Loan is approved if your eligibility matches BOB's predefined terms and conditions.