Bank of Baroda (BOB) Home Loan
Bank of Baroda (BOB) Home Loan
Bank of Baroda (BOB) Home Loan
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Bank of Baroda (BOB) Home Loan EMI Calculator
Your Monthly EMI
₹ 77,530
Total Principal
₹ 1,00,00,000
Total Interest
₹ 86,07,174
Total Payable
₹ 1,86,07,174
Bank of Baroda (BOB) Home Loan Key Highlights
Loan Amount Up to Rs. 20 crores (Mumbai)
Rate of Interest Starts at 7.45% per annum
RPLR: 9.15%
Processing Fee No processing fee; discounted upfront fee
Maximum Tenure for Repayment 30 years
Rate Packages Floater/ Fixed
Charges for Prepayment/Foreclosure Nil
Bank of Baroda (BOB) Home Loan Interest Rates in 2026
Bank of Baroda home loan interest rate may vary depending on the applicant's CIBIL Score, employment, loan repayment capability, and other similar factors. Besides, a risk premium of 0.05% is charged by applicants who fail to obtain the required credit insurance cover for the home loan. The table below enlists the current Bank of Baroda home loan interest rate in 2026:
| Loan Slab | Interest Rate for Home Loan |
|---|---|
| Repo Rate + Spread (For Salaried) | BRLLR: 0.55% - BRLLR + 1.35% |
| Repo Rate + Spread (For Self-Employed) | BRLLR: 0.45% - BRLLR + 1.45% |
| Rate of Interest (For Salaried) | 7.45% |
| Rate of Interest (For Self-Employed) | 7.45% |
Bank of Baroda (BOB) Home Loan Eligibility Criteria
BOB offers home loans to salaried as well as self-employed or non-salaried applicants living in India, NRIs, OCIs, and PIOs. However, every applicant needs to fulfill the pre-defined Bank of Baroda home loan eligibility criteria to get a home loan approved by the bank. The table below enlists the complete BOB home loan eligibility criteria for your reference:
For Salaried Individuals
Age Range (in years)
21 - Retirement
Nationality
Indian Resident/ NRIs/ PIOs/OCIs
Minimum Income Earned
Nothing Specific
For Self-Employed Individuals
Age Range (in years)
21 - 65 Years
Nationality
Indian Resident/ NRIs/ PIOs/OCIs
Minimum Income Earned
Nothing Specific
Bank of Baroda (BOB) Home Loan Processing Fee and Charges
Bank of Baroda home loan processing fee is unified, including charges for processing the documents, document verification, CERSAI, one-time post-inspection charges, etc. Also, note that there are no BOB home loan processing fees for loans below Rs. 5 lakhs.
| Charges of Cheque Bounce | Rs. 350 per instance |
| Fixed to Floater Swapping Charges | 0.50% per annum for the residual period of the loan (Maximum 2%) + Service Tax on the amount outstanding on the date of conversion. |
Bank of Baroda (BOB) Home Loan Schemes and Top Plans
Bank of Baroda offers various home loan schemes for different types of applicants at lucrative interest rates. The list below highlights the top Bank of Baroda home loan schemes:
- Exclusive features and benefits for borrowers who want to buy, build, or extend a home
- Comes with a free accident cover
- Maximum loan repayment tenure of up to 30 years
- The loan sanctioned is linked to the savings bank account of the applicant
- Auto-recovered EMIs from the loan-linked savings bank account
- Option to avail interest benefits by depositing savings to the savings bank account
- Interest is calculated as per the daily outstanding credit balance reflected in the savings bank account
- Loan approval is valid for up to 4 months from the date of issue
- More scope for negotiations with builders or sellers
- Borrowers can get an assured loan amount as per the eligibility
- Approval of in-principle loan before identifying the property
- Comes with lucrative interest rates that are linked to 1-year MCLR
- Comes with a group credit life insurance cover for the applicant and family
- The maximum loan amount in semi-urban or rural areas is Rs. 1 crore, in metro cities, it is Rs. 5 crore, and in Mumbai is Rs. 10 crore
- Maximum moratorium period of up to 36 months
- The maximum loan amount for borrowers living in Mumbai is up to Rs. 20 crores
- No charges on prepayment or foreclosure
- Easy top-up facility available
- Low processing fees and low-interest rates
- Interest is charged on the daily reducing balance
- Best home loan scheme for NRIs and PIOs looking to purchase a home in India
- Attractive rates of interest
- The benefit of free accidental insurance
- Loan repayment tenure extension of up to 30 years
- Ideal home loans for NRIs and PIOs who want to purchase a third house
- The interest rate of 0.25% is higher than a Baroda home loan for NRIs and PIOs
- No charges for prepayment or foreclosure
- Ideal home loan scheme for resident Indians, NRO, and PIOs
- Loan amount starts at Rs. 1 lakh up to Rs. 2 crores
- The loan repayment tenure is the leftover period of the existing house loan
- Nominal unified processing fee charges
- Ideal for LIG or EWS borrowers who want to buy a home
- A minimum monthly income of up to Rs. 10,000 is the primary eligibility to get a home loan for LIG
- A minimum monthly income of up to Rs. 5,000 is the primary eligibility to get a home loan for EWS
- Home loans with credit or interest subsidies
- Offers interest subsidy by taking into account the annual income category of the borrower's family
- Most affordable housing finance scheme for weaker sections provided by the Bank of Baroda under the PMAY scheme
* Note: All of the above home loan plans are made available to applicants solely at the discretion of Bank of Baroda, taking into consideration the earning and repayment capacity of the applicant.
Documents Required for Bank of Baroda (BOB) Home Loan
BOB needs a set of documents to verify your credibility for a home loan. These include general KYC documents, including proof of address, identity, age, and income. A complete Bank of Baroda home loan documents required list is mentioned below for your convenience:
| Proof of Income |
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| Other Required Documents |
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| Proof of Income |
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| Other Required Documents |
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| Identity & Address Proof |
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| Documents Related to Property |
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Apply Home Loan Through BASIC Home Loan
The Bank of Baroda home loan application online procedure is short and simple. All you need to do is follow the below-mentioned steps to apply for a BOB home loan online:
Apply Now on the BASIC Website
Proceed to the 'APPLY NOW' section on the BASIC Home Loan website.
Enter Your Details and Submit
Fill in the form by entering your name, contact number, and other required details, and submit the form.
Our Expert Will Reach Out to You
A BASIC Home Loan team representative will connect with you shortly to assist you through the entire home loan application process.
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