Bank of Baroda (BoB) Home Loan

Updated on July 07, 2025

Author: MybankingTips Team

Bank of Baroda (BoB) provides home loans starting at an annual interest rate of 8.40% for tenures of up to 30 years and loan amounts up to Rs 20 crores. Additionally, it extends a balance transfer facility to current home loan borrowers from other banks and housing finance companies, offering lower interest rates. The bank also presents pre-approved home loans with in-principle approval before the identification of the property, which remain valid for 4 months.

Bank of Baroda (BoB) Home Loan Highlights
Processing Charges	NIL
Interest Rate	8.40% – 10.90%
Loan Amount	Up to Rs 20 Crore
Loan Tenure	Up to 30 years

Pre Approved Home loan | Check Eligibility & Apply Online

Table of Contents
Compare Interest Rates offered by other Lenders
Interest Rates
Types of Home Loan offered by Bank of Baroda
Eligibility Criteria
Documents Required
EMI Calculator
FAQs

Compare Interest Rates on Home Loans for Top Banks & HFCs

Name of Lender	Up to Rs. 30 Lakh	Above Rs. 30 Lakh to Rs. 75 Lakh	Above Rs. 75 Lakh
SBI Bank	8.40% - 10.15% p.a.	8.40% - 10.05% p.a.	8.40% - 10.05% p.a.	Apply Now
HDFC Bank Limited	8.40% p.a. onwards	8.40% p.a. onwards	8.40% p.a. onwards	Apply Now
Kotak Mahindra Bank	8.70% p.a. onwards	8.70% p.a. onwards	8.70% p.a. onwards	Apply Now
ICICI Bank	8.75% p.a. onwards	8.75% p.a. onwards	8.75% p.a. onwards	Apply Now
Federal Bank	8.80% p.a. onwards	8.80% p.a. onwards	8.80% p.a. onwards	Apply Now
L&T Finance Limited	8.60% p.a. onwards	8.60% p.a. onwards	8.60% p.a. onwards	Apply Now
Bajaj Housing Finance	8.50% p.a. onwards	8.50% p.a. onwards	8.50% p.a. onwards	Apply Now
LIC Housing Finance	8.35% - 10.35% p.a.	8.35% - 10.55% p.a.	8.35% - 10.75% p.a.	Apply Now
PNB Housing Finance	8.50% - 14.50% p.a.	8.50% - 14.50% p.a.	8.50% - 11.45% p.a.	Apply Now
Punjab National Bank	8.45% - 10.25% p.a.	8.40% - 10.15% p.a.	8.40% - 10.15% p.a.	Apply Now
Bank of Baroda	8.40% - 10.65% p.a.	8.40% - 10.65% p.a.	8.40% - 10.90% p.a.	Apply Now
IDFC First Bank	8.75% p.a. onwards	8.75% p.a. onwards	8.75% p.a. onwards	Apply Now
Tata Capital Housing Finance	8.70% p.a. onwards	8.70% p.a. onwards	8.70% p.a. onwards	Apply Now
Axis Bank	8.70% - 13.30% p.a	8.70% - 13.30% p.a	8.70% - 9.10% p.a.	Apply Now
Godrej Housing Finance	8.55% p.a. onwards	8.55% p.a. onwards	8.55% p.a. onwards	Apply Now

Also read: Best Home Loan in India

Bank of Baroda Home Loan Interest Rate

Baroda Housing Loan and Home Improvement Loan

For Salaried	8.40% - 10.60% p.a.
For Non-Salaried	8.40% - 10.60% p.a.

Baroda Home Loan Advantage

Up to Rs 75 lakh	8.40% - 10.60% p.a.
Above Rs 75 lakh	8.65% - 10.85%

Types of Bank of Baroda (BoB) Home Loan

Baroda Home Loan

Purpose: Bank of Baroda provides loans to people who want to buy a home, build a house, buy land, or expand their current property.

Loan Amount: Rs 1 crore-Rs 20 crore

Urban Areas- Up to Rs 3 crore
Semi-urban and Rural- Up to Rs 1 crore
Chandigarh, Panchkula and Mohali- Up to Rs 5 crore
Mumbai- Up to Rs 20 crore
Other Metro Cities- Up to Rs 7.50 crore

Tenure: Up to 30 years

LTV Ratio:

Loan Amount Up to Rs 30 lakh : 90%
Loan Amount above Rs 30 lakh-Rs 75 lakh : 80%
Loan Amount above Rs 75 lakh : 75%

Baroda Home Loan Advantage

Purpose: With Baroda Home Loan Advantage, customers can use it for various purposes like buying or building a house, purchasing residential land, extending their existing home, or transferring their home loan balance. This facility also includes a linked overdraft account, which works like a savings account. Customers can deposit their savings into this account and withdraw money as needed. The balance in the savings account is subtracted from the outstanding home loan amount, helping to reduce the borrower's interest costs.

Loan Amount: Rs 1 crore-Rs 20 crore

Urban Areas- Up to Rs 3 crore
Semi-urban and Rural- Up to Rs 1 crore
Mumbai- Up to Rs 10 crore
Other Metro Cities- Up to Rs 5 crore

Tenure: Up to 30 years

LTV Ratio:

Loan Amount Up to Rs 30 lakh : 90%
Loan Amount above Rs 30 lakh-Rs 75 lakh : 80%
Loan Amount above Rs 75 lakh : 75%

Home Improvement Loan

Purpose: Customers can use the Baroda Home Improvement Loan to renovate or repair their existing homes. This includes purchasing new furniture, furnishings, and fittings such as fans, geysers, air conditioners, air purifiers, water filters, and more.

Loan Amount: Up to Rs 50 lakh

Tenure: Up to 15 years

LTV Ratio:

Loan Amount Up to Rs 30 lakh : 90%
Loan Amount above Rs 30 lakh-Rs 75 lakh : 80%
Loan Amount above Rs 75 lakh : 75%

Baroda Home Loan Takeover Scheme

Purpose: If you already have a home loan from another bank or housing finance company (HFC), you can transfer it to Bank of Baroda through their Home Loan Balance Transfer facility. This allows you to switch your existing home loan to Bank of Baroda at lower interest rates.

Loan Amount: Rs 1 crore-Rs 20 crore

Urban Areas- Up to Rs 3 crore
Semi-urban and Rural- Up to Rs 1 crore
Chandigarh, Panchkula and Mohali- Up to Rs 5 crore
Mumbai- Up to Rs 20 crore
Other Metro Cities- Up to Rs 7.50 crore

Tenure: Up to 30 years

LTV Ratio:

Loan Amount Up to Rs 30 lakh : 90%
Loan Amount above Rs 30 lakh-Rs 75 lakh : 80%
Loan Amount above Rs 75 lakh : 75%

Baroda Top-up Loan

Purpose: Existing home loan borrowers, including Non-Resident Indians (NRIs) and Persons of Indian Origin (PIOs), can access the Home Loan Top-up facility from Bank of Baroda. This allows them to borrow additional funds on top of their existing home loan to meet their personal financial needs.

Loan Amount: Rs 1 lakh- Rs 10 crore

Tenure: should not exceed beyond 70 years of age

LTV Ratio: 75% of residual value of house property

Baroda Pre-Approved Home Loan

Purpose: People who are planning to buy a home but haven't found the right property yet can apply for the Baroda Pre-approved Home Loan. With this facility, they receive an in-principle home loan sanction letter valid for four months, based on their eligibility. Having this pre-approved letter can give them more negotiating power when they find a property they like.

Also Read : Best Home Loan EMI Calculator

Eligibility Criteria for Bank of Baroda Home Loan

Age

Minimum Age: 18 years
Maximum Age: 70 years

Residency Status

Resident Indian
Non-Resident Indian (NRI)
Person of Indian Origin (PIO)

Type of Employment

Salaried
Self-employed

Minimum CIBIL Score- 701

Also Read : Best Home Loan Eligibility

Documents Required for Bank of Baroda (BoB) Home Loan

Bank of Baroda has specified a detailed list of documents required for availing Bank of Baroda Home Loan. Below mentioned is the document list for different occupation profiles.

List of common documents

Duly filled in application form (with a photograph of the applicant)
Proof of Residence (Aadhaar Card, Voter’s ID Card, Passport, Driving License, Ration Card, etc.)
Proof of Age (PAN card, Aadhaar Card, Voter’s ID Card, Birth Certificate, Passport, Driving License, etc.)
Proof of assets held such as LIC, NSC, KVP, MF, Property
Asset and liability statement
ITR verification report

Additional Documents Required

For Salaried Individuals

Latest 3 months’ salary slip and 1 month salary slip for guarantor
Copy of employee ID card issued by the employer
Past 1 year ITR and Form 16 of applicant and guarantor
Bank account statement for past 6 months or Bank account number if the account is with Bank of Baroda
Appointment letter, confirmation letter, promotion letter or increment letter evidencing the duration of employment

For Self-employed Individuals/Professionals/Others

Balance sheet and profit and loss account with income computation for last 2 years
ITR for last 2 years, 26AS, Traces
IT assessment, clearance certificate, Income Tax challan, TDS certificate (Form 16A), Form 26AS for income declared in ITR
Business Proof: Gomasta License, Service Tax Registration, Registration Certificate, etc.

In case of applicants engaged in business through Partnership Firm/Private Ltd. Company