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Bank of Baroda home loan – how to apply

Bank of Baroda home loan can be utilized for home buy, plot buy, home development and home remodel. The bank’s home advance financing cost begins from 6.85% p.a., which is quite possibly the most appealing home credit rates in India. It offers longer advance residency, extending as long as 30 years, and low handling charges, running between 0.25% – 0.50%, of the advance sum. The credit can be profited by both salaried and independently employed people.


Features and Benefits of Bank of Baroda home loan

  • A wide assortment of plans to suit client’s home related asset prerequisites
  • Loan costs connected to repo rate begins from 6.85% p.a.
  • Credit sum can reach as high as Rs. 10 crore
  • Advance residency reaching out as long as 30 years
  • Free Visa and concession of 0.25% on vehicle credits
  • Free mishap protection with each home advance
  • No prepayment charges on coasting rate home credits
  • Top-up advance office of up to multiple times during the credit residency
  • Different advance reimbursement choices for clients’ benefit

Read more: E Mudra Loan online – how to apply

Interest rate of bank of baroda home loan

Interest rates are specified in this image below:


Bank of Baroda home loan Processing fees

  • 0.50% of loan amount (Up to 50 lakh)
  • 0.25% of loan amount (Greater than 50 lakh)



  • Indian Residents/Non-Resident Indians (NRIs) holding Indian visa or Persons of Indian starting point (PIOs) holding an unfamiliar identification or Overseas Citizens of India (OCI).
  • Staff individuals (profiting under Public plan)
  • HUFs are not qualified
  • Age limit: 21 to 70 years
  • Candidate/co-candidate/s (whose pay are considered for qualification) ought to have a customary occupation abroad in a presumed Indian/unfamiliar organization, association or government division holding a legitimate occupation contract/work license for the base recent years
  • Ought to be utilized/independently employed or have a specialty unit and stay abroad for at any rate 2 years
  • Candidate/co-candidate/s (whose pay is considered for qualification) ought to have a base gross yearly pay comparable to Rs. 5 lakh for every annum
  • In the event that the candidate/co-candidate/s, whose pay is considered for qualification incorporates NRI, least Gross Annual Income of Rs. 5 Lakh (pay of candidate/co-candidate together) can be thought of

Mandatory Documents to apply Bank of Baroda home loan

  • Appropriately filled in application structure (with a photo of the candidate)
  • Confirmation of Residence (Aadhaar Card, Voter’s ID Card, Passport, Driving License, Ration Card, and so forth)
  • Confirmation of Age (PAN card, Aadhaar Card, Voter’s ID Card, Birth Certificate, Passport, Driving License, and so forth)
  • A duplicate of the endorsed plan and approval letter from neighborhood city authority
  • Duplicate of NA authorization
  • Pay certificate(s) from a couple guarantor(s)
  • On the off chance that the underwriter has a business, at that point duplicates of Income Tax Returns or Assessment Orders throughout the previous three years
  • Bank passbook explanations of the previous two years
  • In the event of salaried candidates, most recent compensation slip/articulation showing all allowances
  • In the event of independently employed candidates, CA-ensured duplicates of Balance Sheets and Profit and Loss Accounts, I-Tax affirmations, Advance Tax Challans (for both organization/firm and individual record) throughout the previous three years
  • In the event of independently employed candidates, Memorandum/Articles of Association for Companies, Partnership Deeds for Firms and a concise Profile of your Company/Firm

And other additional documents based on purchase of building or construction.

All the sources collected from BoB and Paisabazaar.


Contact your nearest branch manager before doing anything.