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Baroda Home Loan

Value propositions

Bank offers following benefits with home loan availed by you:
  • Free Property and Personal Accident Insurance (available for stipulated tenure of loan).

  • Free Credit Card - "Paras" card (Complimentary for first year) to all new home loan borrowers with loan limit of Rs. 2/- Lakhs and above

  • Advance up to 90% of the principal amount of home loan repaid for any requirement ('AAA').

  • As per current IT provisions - Interest on loan upto Rs. 1.5 Lakhs per annum is exempt from income tax (Under section 23/24(I) of the Income Tax Act).
Terms & Conditions

  • Income Criteria:

      Monthly Income   Modified Criteria
      Up to Rs. 20,000/-   36 times of monthly income
      More than Rs.20,000/- & up to Rs. 1 lac   48 times of monthly income
      More than Rs. 1 lac   54 times of monthly income


  • Margin:

      Monthly income   Purpose   Margin
      Upto Rs.20000/-   Purchase of plot   20%
         House/flat already constructed from own resources   25%
         All other cases   20%
      Above Rs.20,000/-   Purchase of plot   20%
         House/flat already constructed from own resources   20%
         All other cases   15%

  • As security against the loan amount, the bank will take an equitable mortgage of the housing property and/or other suitable securities.

  • No Fees will be charged on part prepayment / full prepayment of the loan amount from own sources.

  • The loan can be repaid in a maximum period of 15 / 25 years taken under fixed / floating rate option subject to the period up to age of retirement in case of salaried persons and 65 years in case of others.

  • In case of full prepayment or foreclosure (other than from own sources) fees will be charged at 0.5% for each year of the residual period subject to maximum of 2%.

RATE OF INTEREST: (CLICK HERE FOR CURRENT INTEREST RATES).

PROCESSING CHARGES: (CLICK HERE FOR DETAILS)

For further details, please contact the Bank of Baroda Branch nearest to you.



> Home Loan > Home Loans to NRIs / PIOs
> Home Improvement Loan
> Interest Subsidy Scheme For Housing The Urban Poor (ISHUP)
> Loan Against Future Rent Receivables
> Mortgage Loan
> Advance Against Securities
> Education Loan > Career Development Loan
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> Loan for financing Individuals for subscription to Public Issues /IPO
> Baroda Ashray (Reverse Mortgage Loan)






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