Bank of Baroda is presently offering one of the lowest interest rates on home loans. Read this article to know the details of the Bank of Baroda home loan to analyze how you can take a housing loan.

• Home loan interest rate
• Processing fee on the loan
• Home loan schemes
• Eligibility criteria required for the loan
• Bank of Baroda home loan EMI calculator
• Documents checklist
• Customer care number
• Application form details

Bank of Baroda Home Loan Interest Rate Details 2025

Go through the table below to check the interest rate, loan amount, and processing fee on Bank of Baroda home loan.

Floating Interest Rates of Bank Of Baroda Home Loan

Note:

• The interest rate depends on the loan limit and the applicant’s CIBIL score.
• A risk premium of 0.05% applies to customers who do not obtain credit insurance cover.

Types of Bank of Baroda Home Loan

Bank of Baroda Home Loan

Purchase, construction, plot purchase, or extension of existing property.

• Loan Amount:
  • Mumbai – Up to Rs 20 crore
  • Delhi, Bengaluru, Hyderabad – Up to Rs 7.50 crore
  • Other Metros – Up to Rs 5 crore
  • Urban Areas – Up to Rs 3 crore
  • Semi-Urban & Rural – Up to Rs 1 crore
  • Chandigarh, Panchkula, Mohali – Up to Rs.5 crore
• LTV Ratio:
  • Up to Rs 30 lakh – 90%
  • Rs.30 lakh - Rs.75 lakh – 80%
  • Above Rs.75 lakh – 75%
• Tenure: Up to 30 years (including a 3-year moratorium).

BOB Max Savings Home Loan

Home purchase, construction, balance transfer, and home extension. Comes with a linked overdraft savings account to reduce interest costs.

• Loan Amount & LTV Ratio: Same as regular home loan.
• Tenure: Up to 30 years (including 3-year moratorium).

Bank of Baroda Home Loan Balance Transfer

Transfer an existing home loan from another lender to a lower interest rate.

• Loan Amount & LTV Ratio: Same as regular home loan.
• Tenure: Up to 30 years (including 3-year moratorium).

Bank of Baroda Home Improvement Loan

Renovation, repairs, and purchase of home furnishings.

• Loan Amount: Up to Rs 50 lakh.
• LTV Ratio: Same as regular home loan.
• Tenure: Up to 15 years (including a 6-month moratorium).

BOB Pre-Approved Home Loan

Get in-principle approval before identifying a property. Valid for 4 months.

Bank of Baroda Top-Up Home Loan

Additional loan over the existing home loan for personal needs.

• Loan Amount: Rs 1 lakh - Rs 10 crore.
• LTV Ratio: 75% of the residual property value.
• Tenure: Linked to the borrower's age (max 70 years).

BOB Credit Risk Guarantee Fund Scheme

Affordable housing scheme offering home loans up to Rs.5 lakh for Economically Weaker Sections & Low-Income Groups in urban areas, backed by a credit risk guarantee fund.

Bank of Baroda Home Loan Eligibility Criteria

Based on the eligibility given in the table below, banks consider whether or not you are eligible for the loan or not.

• Resident Type:
  • Resident Indians
  • Non-Resident Indians (NRIs) with an Indian passport
  • Individuals of Indian origin holding a foreign passport
  • Overseas Citizens of India (OCI)
• Age Criteria:
  • Minimum Age: 21 years (Applicant), 18 years (Co-applicant)
  • Maximum Age: 70 years
• Loan Tenure: Up to 30 years
• Maximum Loan Amount:
  • Mumbai: Up to Rs 20 crore
  • Delhi, Hyderabad, Bengaluru (including NCR): Up to Rs 7.50 crore
  • Other Metro Cities: Up to Rs 5 crore
  • Urban Areas: Up to Rs 3 crore
  • Semi-Urban & Rural: Up to Rs 1 crore
  • Chandigarh, Panchkula & Mohali: Up to Rs 5 crore

Bank of Baroda Home Loan Documents List

Check out the list of documents given below, which you need to submit with the application form.

Common Documents:

• A duly filled application form with the applicant’s photograph
• Proof of Residence (Aadhaar, Voter ID, Passport, Driving License, Ration Card, etc.)
• Proof of Age (PAN, Aadhaar, Voter ID, Birth Certificate, Passport, Driving License, etc.)
• Proof of Assets (LIC, NSC, KVP, Mutual Funds, Property)
• Asset and liability statement
• ITR verification report

Additional Documents Based on Occupation:

For Salaried Individuals:

• Latest 3 months’ salary slips (1 month for guarantor)
• Employee ID card copy
• Past 1-year ITR and Form 16 (applicant & guarantor)
• 6-month bank statement (or BOB account details)
• Employment proof (appointment, confirmation, promotion/increment letters)

For Self-Employed Individuals/Professionals:

• Last 2 years’ balance sheet, P&L account, and income computation
• ITR for the past 2 years, 26AS, TDS certificate (Form 16A)
• Business proof (Gumasta License, Service Tax Registration, etc.)

For Business Owners (Partnership Firm/Private Ltd. Company):

• Firm/Company PAN or address proof
• ITR & audited results of the last 2 years
• Memorandum & Articles of Association (AOA)
• Last 1-year current account statement

For Farmers/Agriculturists:

• Income certificates for the past 2 years from Talati/Gram Sevak/Revenue Officer
• Land revenue records (Form 6, 7/12, 8A)
• 12-month individual bank statement

For NRI/PIO/OCI Applicants:

• Completed application form with photos & signatures
• Passport copy with a VISA stamp
• Residence proof (India & abroad)
• Overseas bank statement (6 months)
• NRE savings account statement (6 months)
• Credit report from an overseas credit bureau

For PIO Applicants:

• Current passport showing birthplace in India/abroad
• Indian passport (if previously held)
• Parent/grandparent passport proving PIO status

For Salaried NRI/PIO/OCI:

• Employment contract (in local language if needed)
• Employer-issued ID card
• Last 2 years’ ITR (India/abroad)
• Last 6 months’ salary slips
• Work permit copy (if applicable)

For Self-Employed NRI/PIO/OCI:

• Last 3 years’ ITR (India/abroad)
• Balance sheet & P&L account of a business/profession
• Business proof & address verification
• Nature of business/profession note

How can you calculate EMI for Bank of Baroda Home Loan?

Like the loan amount eligibility, you can also calculate the EMI using the Wishfin Bank of Baroda Home Loan EMI calculator. The calculator takes into account the loan amount availed, the home loan interest rate, and the loan tenure to arrive at the sum. 

Here is an example for your reference.

Suppose you are looking to take a home loan of Rs. 10 lacs for 25 years at the interest rate of 8.15% - 10.60% p.a. Getting curious to know the EMIs in different periods of the same loan? Read the information in the table below.

Fees/Charges on Bank of Baroda Home Loan

• Bank of Baroda Home Loan - NIL (Rs 1,500 login fee, refunded on first disbursement).

Baroda Home Loan Advantage

• Low Interest Rates – Enjoy competitive home loan interest rates, making homeownership more affordable.
• Low Processing Charges – Minimal processing fees reduce your overall borrowing cost.
• Higher Loan Amount – Get home loans up to Rs 20 crore, depending on location and eligibility.
• Free Credit Card – Eligible home loan applicants can avail of a complimentary credit card.
• Longer Tenures – Repayment tenure of up to 30 years ensures lower EMIs and easy loan repayment.
• Easy Top-Up Loans – Existing borrowers can avail of additional funds with a quick top-up loan facility.
• Apply Online – A hassle-free digital application process for quick and convenient loan approvals.

Bank of Baroda Home Loan Application Form

You can download the application form from the official website of the Bank of Baroda. Or, when you apply at Wishfin, you will get the application form, which you can fill out and submit along with the listed documents. You have to mention the following details on the form:

• Personal details such as name, age, and gender
• Professional details, income, employer’s name, and professional stability
• Residence and correspondence address
• Contact details such as email ID, mobile number
• Aadhaar Number
• PAN
• Required loan amount
• Co-borrower or co-applicant’s details, if any

Bank of Baroda Home Loan Contact Number

You can dial the toll-free number- 

• 1800 22 33 44, 
• 1800 102 44 55

 to get all your queries and complaints regarding the home loan resolved. So, feel free to raise queries on the Bank of Baroda home loan.

Conclusion

Bank of Baroda Home Loan offers a comprehensive financing solution with interest rates starting from 8.15% p.a. to 10.60% p.a, high loan amounts, and flexible repayment options of up to 30 years. With benefits like minimal processing charges, easy top-up loans, and a seamless online application process, it caters to diverse customer needs, including salaried, self-employed, NRIs, and agriculturists. Whether for home purchase, construction, renovation, or balance transfer, BOB Home Loan ensures affordability and convenience, making homeownership more accessible.

Bank of Baroda Home Loan FAQs

1. What is the latest home loan interest rate offered by the Bank of Baroda?

2. How to apply for a Bank of Baroda home loan online?

3. What is the maximum home loan tenure in Bank of Baroda?

4. What is the minimum CIBIL score for a Bank of Baroda home loan?

5. What is the maximum limit of a Bank of Baroda housing loan?