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BANK OF BARODA HOME LOAN 

About Bank of Baroda Home Loan :

Bank of Baroda is the third largest bank in India after State Bank of India and Punjab National bank and ahead of ICICI Bank.It was founded in 1908 and is headquartered in Baroda (Vadodara).The bank offers a wide range of customized and specialized services to meet the diverse needs of of its customers, and these services have been categorized into personal banking, business banking, corporate banking, international banking, treasury banking,and rural banking services.

Here, we talk about all the things above that are quite normal but there is a change in it, now everyone has to get a home loan with ease..You all think that “how it is possible? To overcome this issue Bank of Baroda came with an exciting opportunity i.e. Bank of Baroda Home Loan.

With the Bank of Baroda home loan you can buy a plot, purchase a flat, build your own home, and even extend your existing residence with a home loan. Both Indian and NRIs are eligible for home loan. The Bank of Baroda offers the best home loan interest rate making it easier for you to own the home of your dreams.

Benefits of Bank of Baroda Home Loan :

1. Low interest rate starts from 6.85% to 7.85% per annum

2. Longer tenure period upto 30 years 

3. High loan amount upto Rs.10 crore

4. No guarantor required

5. Balance transfer facility available 

6. Free accident insurance with every home loan

7. Available for both salaried and self employed individuals

Fees and Charges of Bank of Baroda Home Loan :

TYPE 

CHARGES 

Processing fee

0.25% of the loan amount 

Prepayment and foreclosure charges

NIL 

Moratorium period 

36 months

Modification Charges 

Upto Rs.1 crore = Rs.5000

Above Rs.1 crore to Rs.10 crore = Rs.15000

Above Rs.10 crore = Rs.25000

Deviation Charges

Rs.1500 per deviation (Maximum Rs.5000)

Penal Interest

NIL

Eligibility Criteria for Bank of Baroda Home Loan :

ELIGIBLE 

Salaried individuals and self employed individuals

RESIDENT STATUS 

Indian Resident, NRIs, Person of Indian Origin (PIO)

AGE

For applicant = 21 years to 70 years 

For co applicants = 18 years to 70 years 

Documents Required for Bank of Baroda Home Loan :

1. Fully filled signed application form 

2. Passport size photograph

3. ID Proof : Aadhaar Card, PAN Card, Driving License, Passport, Voter identification, Employment id

4. Address Proof : Aadhar Card, Rental agreement, Voter id, Driving license, Passport, Employment id 

5. Income Proof : For salaried employees = 3 months salary slip, last 2 years ITR Return or form 16, Bank statement for last 2 months showing that the salary has been credited

6. For Self employed individuals / professionals = 2  years ITR return, Profit & loss account and Balance sheet computation with CA seal and sign, Bank statement for the last 6 months.

Scheme of Bank of Baroda Home Loan :

Baroda Home Loan Advantage 

Baroda top up loan

Baroda home suvidha loan

Baroda Ashray Reverse Mortgage loan

Baroda Home Improvement 

Baroda pre approved Home loan

Baroda Home loan advantage for NRI/PIO

Baroda home improvement loan for NRI / PIO

Baroda CRE home loan for NRI / PIO

Baroda home loan for NRI

Interest subsidy scheme for housing the urban poor 

Pradhan Mantri Awas Yojna

Compare other bank home loan interest rates :

BANKS 

INTEREST RATE

AXIS Bank Asha Home Loan

Starts at 10.05% onwards 

AXIS Bank Shubh Aarambh Home Loans

Starts at 7.75% onwards

AXIS Bank Fast Forward Home Loans

Starts at 7.75% onwards

AXIS Bank Home Loan

7.75% to 9.40%

AXIS Bank Empower Home Loan

Start at 9.55% onwards 

AXIS Bank Super Saver Home Loan

8.15% to 8.30%

AXIS Bank TopUp Loan

8.90% to 9.15%

SBI NRI Home Loan

6.95% onwards

SBI Flexipay Home Loan

7.40% onwards 

SBI Privilege Home Loan

6.95% onwards 

SBI Regular Home Loan

6.95% onwards 

SBI Shaurya Home Loan

6.95% onwards 

SBI Pre-approved loan

6.95% onwards 

SBI Realty Home Loan

7.65% onwards

SBI Home Top Up Loan

7.90% onwards

SBI Bridge Home Loan

9.50% to 10.50%

SBI Tribal plus Home Loan

6.75% onwards

SBI Earnest Money Deposit

10.45% onwards

SBI Reverse Mortgage Loan

8.05% onwards

SBI CRE Home Loans

7.45% onwards 

HDFC Bank Home Loan

6.95% to 7.50%

Kotak Mahindra Bank Home Loan

7.40% to 9.70%

Yes Bank Home Loan

9.60% to 10.55%

Citi Bank Home Loan

7.34% to 8.29%

ICICI Bank Home Loan

6.95% to 8.05%

Standard Chartered Bank Home Loan

Starting at 8.71%

IDBI Bank Home Loan

7.80% to 8.80%

RBL Bank Home Loan

9.75% to 10.05%

HSBC Bank Home Loan

8.55% to 8.655

HSBC Bank Smart Home Loan

11.005 to 11.505

IndusInd Bank Home Loan

8.00% to 15.00%

Bank of Baroda Home Loan

6.85% to 7.75%

Bank of India Home Loan

6.85% to 7.755

Canara Bank Home Loan

6.90% to 8.90%

Indian Bank Home Loan

7.55% to 8.40%

Punjab National Bank Home Loan

Starting at 7.00%

Other products of Bank of Baroda :

1. Bank of Baroda Personal Loan

2. Bank of Baroda Car Loan 

3. Bank of Baroda Home Loan

4. Bank of Baroda Education Loan

How to apply for Bank of Baroda Home Loan :

There are two ways to apply for home loans from Bank of Baroda :

1. Offline method : By visiting nearest bank branch

2. Online Method :

  • First of all first visit to official website of Bank of Baroda

  • In retail section go to the “loans”

  • Now click in home loan

  • After that go to “Home loan”

  • Now click on apply now and fill application form 

How to contact with Bank of Baroda :

1. By customer care contact number : 18001024455 / 18002584455

2. To know the details of your branch please visit : http://bank of baroda.com/locate-us-branch.htm

How to calculator EMI of Bank of Baroda Home Loan :

The following formula is used to calculate EMI of Bank of Baroda Home Loan :

EMI = [PXRX(1+R)^N] / [(1+R)^N-1]

Where,

P stands for Loan Amount

R stands for Interest Rate

N stands for tenure in number of months 

Financials products offered by Bank :

BUSINESS LOAN

CAR LOAN

COMMERCIAL LOAN 

EDUCATION LOAN

GOLD LOAN

HOLIDAY LOAN 

HOME LOAN 

LOAN AGAINST PROPERTIES 

LOAN AGAINST SECURITIES

PERSONAL LOAN

PROFESSIONAL LOAN

TWO WHEELER LOAN

Bank of Baroda Home Loan Frequently Asked Questions :

1. What is the maximum loan tenure for Bank of Baroda Home loan?

The maximum loan tenure is 30 years for Bank of Baroda Home Loan.

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

You can apply online or offline for a home loan from Bank of Baroda.

3. What is the interest rate provided by a home loan from Bank of Baroda?

The interest rate provided for a home loan from Bank of Baroda starts from6.85% to 7.85% per annum.

4. Is, processing fee charged by Bank of Baroda home loan?

The processing fee provided by Bank of Baroda home loan is 0.25% of the loan amount,

5. What is the minimum and maximum loan amount provided by Bank of Baroda home loan?

The minimum loan amount is Rs.1 lakh and the maximum loan amount is Rs.10 crore provided by Bank of Baroda home loan.

6. How to calculate EMI of Bank of Baroda for home loan?

The following formula is used to calculate EMI of Bank of Baroda home loan is EMI = [PXRX(1+R)^N] / [(1+R)^N-1], Where, P stands for Loan Amount, R stands for Interest Rate, N stands for tenure in number of months 

7. What is the minimum and maximum age the customer is required to take a home loan from Bank of Baroda?

For the applicants the age is 21 years to 70 years and for co-applicants the age is 18 years to 70 years are required to get a home loan from Bank of Baroda.

Last Updated on : 19/Aug/2020

Know More About

Bank Of Baroda Home Loan

You're eligible for a Bank Of Baroda Home Loan if you:


Are legally adult enough to handle it


Have still got it


Get a regular pay check


Make more than a basic buck

Your eligibility depends on:


Earn more than minimum income required


Maximum allowed Home Loans is Rs. 10K to Rs. 45 lakhs


EMIs of other loans loweryour eligibility

Boost your eligibility by:


Pay off your credit card bills


Choose longer tenure loan up to 5 years

Nothing gets done without that paperwork (which we'll happily carry over to the bank for you, no sweat). Here's what you'll need:

  • 1. Photo ID and age proof
  • 2. Signed application form with photograph
  • 3. Residence proof
  • 4. Last 6 months bank statement
  • 5. Documentation for salaried applicants:
    • Last 3 months salary - slips
    • Form 16 or Income Tax Returns
  • 6. Documentation for self-employed applicants:
    • Last 3 years Income Tax Returns with computation of Income
    • Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account

Bank Of Baroda Home Loan Interest Rates

Updated on 25 Nov 2017

Bank Of Baroda Home Loan Details
Interest Rate (Monthly reducing balance) 6.85% - 7.85%
Processing Fees 0.25% of the loan amount
Loan Tenure 1 year to 30 years
Pre-closure Charges Varies with bank
Guarantor Requirement Varies with bank

Home Loans EMI Calculator

Loan Amount

|
1L
|
50L
|
100L
|
150L
|
2Cr

Interest Rate

%
|
5
|
10
|
12.5
|
17.5

Loan Tenure

|
1
|
10
|
20
|
25
|
0
|
120
|
240
|
300


Your Monthly Loan EMI


₹24,959