Bank Of Baroda Home Loan: Interest Rates, Eligibility, How To Apply

You can take a home loan from Bank of Baroda at an interest rate of 6.50% p.a. for a repayment tenure of 30 years. Up to 90% of your property value can be taken as loan. Bank of Baroda home loan is available with minimal documentation and nominal processing charges.

Bank Of Baroda Home Loan Full Details

Home Loan Amount Up to 90% of the property value
Rate of interest 6.5% to 8.25%
repayment period maximum 30 years
Possibly Minimum EMI Rs 632 per lakh
processing fee
  • Up to 0.50% of the loan amount
  • NIL FOR ONLINE APPLICATION

Key Features of Bank Of Baroda Home Loan

We will understand about some good features of Bank of Baroda home loan, which are different from other banks:-

  • Bank of Baroda home loan interest rate starts from 6.5% p.a.
  • The loan amount is given up to 90% of your home or property value.
  • The maximum repayment period is of 30 years, which may vary according to the plans.
  • Bank of Baroda home loan processing fee is very less. This loan can be availed up to 0.50% of the amount. The processing fee mainly ranges from Rs.8500 to Rs.25000.
  • By getting a loan at the lowest interest rate, your EMI is Rs 632 per lakh.

Benefits of taking Bank of Baroda Home Loan

  • You get many benefits and value back offers with Bank of Baroda Home Loan.
  • Bank of Baroda offers attractive interest rates to suit all types of customer profiles.
  • Salaried, self-employed and NRIs can also avail home loans from here.
  • Home loan customers get a Bank of Baroda credit card as a complimentary.
  • Bank of Baroda home loan customers get a discount on processing fee of Rs 7500 on a special personal loan scheme.
  • Additionally, you can enjoy a discount of 0.25% on Bank of Baroda car loans.
  • Bank of Baroda Home Loan EMI Holiday / Moratorium can be applied for up to 36 months.
  • There is also an option to add a co-applicant to increase Bank of Baroda home loan eligibility.
  • The co-applicant may or may not be the joint owner of the property.
  • Bank of Baroda home loan applicants also get free accident insurance.
  • Bank of Baroda top-up loans are available with attractive interest rates.
  • There is complete transparency regarding fees and loan terms.
  • Get access to state-of-the-art banking technology for easy repayment of your loan.
  • Efficient customer service is provided for complaints related to loan application.
  • Get instant Bank of Baroda Digital Home Loan approval for your dream home.
  • Bank of Baroda offers maximum housing loan up to 1 crore in semi urban and rural areas.
  • The maximum loan in urban areas is up to 10 crores.
  • Bank of Baroda also offers an option to apply for a home loan moratorium up to 36 months.
  • The BRLLR resets every month, thus providing customers with the latest applicable Bank of Baroda home loan interest rates.
  • Pre-closure means foreclosure charges are nil.

Bank Of Baroda Home Loan Eligibility Criteria

For Bank of Baroda home loan eligibility criteria, the following points have to be kept in mind:-

  • All Indian residents and NRIs can apply.
  • Both the salaried and the self-employed get the best offers.
  • Applicant’s age should be between 21 to 70 years.
  • The minimum age of the co-applicant should be 18 years.
  • All close relatives can become co-applicants for Bank of Baroda Home Loan.
  • The location of the property and current and future income are assessed to determine eligibility for the home loan amount.
  • The minimum salary to apply for Bank of Baroda home loan should be Rs 10,000 per month.
  • To apply for a home loan, the minimum business income should be Rs 2 lakh per annum.
  • Applicant should have good credit score.
  • The bank also considers the existing financial obligations such as car loan, personal loan or credit card dues before computing the home loan eligibility.

Bank Of Baroda Home Loan Interest Rates

Bank of Baroda is trusted bank. The home loan interest rate is calculated based on the following parameters shared by the bank.

  • Presently the BRLLR is 6.5%.
  • RBI Repo Rate = 4.00%
  • Bank of Baroda Baroda BRLLR = Repo Rate + Mark-up (2.75%) + Premium (0-0.25%)
  • A risk premium of 0.05% will be applicable for customers not availing credit insurance cover.

Bank of Baroda home loan interest rate:-

Home Loan Types Rate of interest
Bank Of Baroda Home Loan BRLLR to BRLLR+1.60% varies as per the risk rating of the applicant.

Effective Rate: 6.5% to 8.35%

For Staff Members: BRLLR i.e. 6.5%

Bank Of Baroda Home Loan Advantage Up to Rs 75 lakh: Interest rate on regular home loan

75 lakhs : 0.25% + interest rate on regular home loan

Bank Of Baroda CRE Home Loan 0.25% + Regular Home Loan Interest Rate
Bank Of Baroda CRE Home Loan 75 lakh : 0.25% + interest rate of regular home loan

Above 75 Lakh : 0.50% + Regular Home Loan Interest Rate

Bank Of Baroda Top Up Loan Applicable Interest Rate + Premium + 0.60% on Home Loan

Bank of Baroda home loan interest rates range from 6.5% to 8.25% per annum.

Bank Of Baroda Home Loan Types Processing Fee (Except GST)
Home Loan Home Improvement Loan All Other Home Loans 0.50% of the loan amount up to Rs.50 lakh (minimum Rs.8,500 and maximum Rs.15,000)

0.25% of the loan amount above 50 lakhs (minimum Rs.8,500 and maximum Rs.25,000)

For Staff Members: Actual Fee

top up loan 0.35%

Minimum : Rs.5,000

Max: Rs 12,500

Acquisition of Home Loan (Resident/NRI/PIO) Rs 8,500
Pre-approved Home Loan 0.25% to 0.50%

Rs 8,500

foreclosure charges Zero

Bank Of Baroda Home Loan Comparison With Other Banks :-

Bank Maximum loan amount Rate of interest processing fee
Bank Of Baroda Home Loan 10 crore rupees 6.5% to 8.25% Up to 0.50% (minimum Rs.8,500 and maximum Rs.25,000)
ICICI Home Loan up to 90% of assets 6.70% to 8.05% 0.50% to 2% or minimum Rs.1,500 whichever is higher (Rs.2,000 for Mumbai, Delhi and Bangalore) + GST
SBI Home Loan Up to 90% of the cost of the property 6.75% to 8.05% Up to 0.50% + GST
Axis Bank Home Loan Rs 5 crore 6.70% to 8.40% Up to 1%, Minimum Rs.10,000
HDFC Home Loan Up to 90% of the cost of the property 6.70% to 7.65% Up to 1.50% or Rs.4,500 (whichever is higher) + Tax

How to Calculate Bank of Baroda Home Loan EMI?

You can use our built-in EMI calculator tool :-

Bank of Baroda home loan EMI is displayed in the table below.

loan amount 10 years 20 years 30 years
20 lakh rupees Rs 22,710.00 Rs 14,911.00 Rs 12,711.00
30 lakh rupees Rs 34,064.00 Rs 22,648.00 Rs 19,067.00
40 lakh rupees Rs 45,419.00 Rs 29,823.00 Rs.25,283.00
50 lakh rupees Rs 56,774.00 Rs 37,279.00 Rs 31,603.00
60 lakh rupees Rs.68,129.00 Rs 44,734.00 Rs 37,924.00

The EMI interest rate shown in the table is assumed to be 6.50% p.a. Your EMI will vary according to the interest rate offered to you.

Bank Of Baroda Home Loan Customer Care Number

Toll free number for all customers except PMJDY holders and other government schemes (24×7):

  • 1800 258 44 55
  • 1800 102 44 55

Toll free numbers for PMJDY customers and other financial inclusion schemes:

  • 1800 102 77 88 (6:00 AM to 10:00 PM)

Missed Call Services:

Balance Inquiry : 8468001111

Mini Statement : 8468001122

24X7 Helpline for NRIs (From Overseas Locations)

  • +91 79-49044100

Bank Of Baroda Head Office Address:

Bank Of Baroda,

Baroda Bhawan,

7th Floor, RC Dutt Road

Vadodara- 390007, Gujarat

Call : (0265) 236792

Email : cs.ho@bankofbaroda.com

Apart from this, you can also call the customer care of Bank of Baroda to check home loan application status or home loan tracking. Share loan number and details to check your home loan status.

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