BOB Home Loan | Eligibility | Process | Bank of Baroda- Loan Interest Rate

BOB Home Loan

The details of the BOB Home Loan are available here. Any individuals who is eligible can apply for the Bank of Baroda home loan. The BOB provides the home loan on interest rate of 7.25% p.a. Onwards. The home loan is offered up to Rs.10 crore with 30 years of easy repayment options. The Baroda home loan can be used for home construction, renovation of home, purchase of plot, and also for the purchase of a home. The bank charge very low processing fees varies from .25% – 0.50% of the total loan amount. The detailed information of the Bank of Baroda loan interest rate, process, and the types of home loan have been well provided below. Let’s have a look.

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Bank of Baroda Home Loan Schemes and Interest Rate

  • BOB Home Loan-7.25% to 8.25% p.a.
  • Baroda Ashray (Reverse Mortgage Loan)- 9.05% p.a. onwards
  • Baroda Home Improvement Loan-7.25% to 8.25% p.a.
  • Baroda CRE Home Loan (Advantage)- 7.50% p.a. to 7.75% p.a.
  • Baroda CRE Home Loan-7.50% p.a.
  • Baroda Home Loan Advantage-7.25% to 7.50% p.a.
  • Baroda Top Up Loan (Resident/NRIs/PIOs)- 7.80% p.a.

Bank of Baroda Home Loan Eligibility Criteria:

Age limit of Applicant

  • Minimum Age- 21 years
  • Maximum Age- 70 years

Age limit of Co-applicant

  • Minimum Age- 18 years
  • Maximum Age- 70 years

Residency Status

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

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Employment Type

  • Salaried
  • Self-employed

Bank of Baroda Home Loan Various Schemes

BOB Home Loan:

  • Rate of Interest- Varies between 7.25% to 8.25% p.a.
  • Loan Processing Charges- The fee/charges will be 0.35% of the total loan amount (The fee must not be less than Rs.7,500 and not be more than Rs.20,000)
  • The Repayment tenures of loan up to 30 years
  • The complimentary accident cover on Bank of Baroda housing loan

Baroda Home Loan Advantage

  • Rate of Interest- Varies between 7.25% to 7.50% p.a.
  • Loan Processing Charges- The fee/charges will be 0.35%of the total loan amount
  • Liked loan with your savings bank account
  • The interest for the loan will be calculated on the remaining credit balance.
  • Autopay EMI facility from the loan-linked savings bank account

Baroda Top Up Loan (Resident/NRO/PIOs)

  • Rate of Interest- 7.80% p.a.
  • Loan Processing Charges- The fee/charges will be 0.35%of the total loan amount
  • Loan Amount- Minimum (Rs.1 lakh) and maximum (Rs.2 crore)
  • The repayment tenure is the balance period of the prevailing home loan

Baroda Home Suvidha Loan

  • Rate of Interest- 8.25% p.a. in case of linked with Bureau Score Home Loan otherwise, the loan interest will be or 7.50% p.a.
  • Loan Processing Charges-No Fee (Nil)
  • Settlement within 01 year from date of payment of the fee

Bank Of Baroda Recurring Deposit Interest Rate

Baroda Ashray Reverse Mortgage Loan

  • Rate of Interest- 9.05% p.a. onwards
  • Loan Processing Charges- The fee/charges will be 0.20%of the total loan amount; Processing charges are waived 100%
  • The additional income source will be provided to income source

Bank of Baroda Home Improvement Loan

  • Rate of Interest- Varies between 7.25% to 8.25% p.a.
  • Loan Processing Charges- The fee/charges will be 0.50% of the total loan amount (The fee must not be less than Rs.7,500 and not be more than Rs.20,000)
  • Maximum moratorium period- 03 Years (36 Months)
  • Attractive floating interest rates linked to one-year MCL

Baroda CRE Home Loan to NRI/PIOs

  • Appropriate for NRI/PIO borrowers seeking to getfinance for housing for his/her third house onwards
  • Rate of Interest-0.25% higher than the regular BOB Home loan for NRI/PIOs
  • No prepayment and foreclosure charges

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Bank of Baroda Pradhan Mantri Awas Yojana

The Pradhan Mantri Awas Yojana is available for Economically Weaker Section (EWS), Low Income Group (LIG), and Middle-Income Group (MIG –I & MIG – II)

CategoryAnnual Household IncomeInterest Subsidy
EWSUp to Rs.3 lakh6.50%
LIGRs.3 lakh to Rs.6 lakh6.50%
MIG – IRs.6 lakh to Rs.12 lakh4.00%
MIG – IIRs.12 lakh to Rs.18 lakh3.00%

Bank of Baroda Home Loan- Document Required

Identity ProofProof of ResidenceAge ProofIncome Proof
Any One
Valid PassportAadhaar CardAadhaar CardLast six months’ bank account statements  
Driving LicenseDriving LicenseBirth CertificateLatest Form 16 or Income Tax (IT) Returns  
Voter IDCopy of Utility BillsValid Passport
Aadhaar CardPassportVoter ID
PAN CardVoter ID

BOB Banking online

Munendra Singh

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