Building your dream is now easier.

Explore Bank of Baroda’s home loans.

  • Purpose
  • Amount
  • Eligibility
  • Margin
  • Repayment
  • Rate of Interest
  • Security
  • Processing Fee
  • Documents Required
  • Sanctioning Authority
  • Purchase of house/flat/residential unit
  • Construction of house
  • Extension, repair/renovation of existing house
  • Purchase of land and construction of house thereon
  • Repayment of existing housing loans availed from other banks/financial institutions/other sources, provided documentary evidence is produced
  • Purchase of furniture & fixtures, other household goods such as television, fridge, air conditioner, washing machine, etc.

  • Rs. 10 million for purchase/construction of flat/house
  • Rs. 3 million for repairs/renovation/refurbishment of existing house
  • Rs. 1 million for furniture & fixtures, other household goods such as television, fridge, air conditioner, etc.
  • 60 times of gross monthly income in case of salaried person and 6 times of average annual income (last 3 years) in case of professionals/self-employed
  • Loan shall be lower than the maximum ceiling and calculation based on income
  • Loan over and above the captioned limit may also be sanctioned based on individual merits
  • All gainfully employed individuals singly or jointly
  • 15% on purchase of ready built house/flat or construction of new house
  • 20% for other project cost which includes mortgage registration charges, insurance charges, furniture & fixtures and other household goods such as television, fridge, air conditioner, washing machine, etc.
  • 20 years (including moratorium period) for purchase/construction of a new house/flat or takeover of loan from other banks/FI
  • Repayment period may be increased to 25 years in deserving cases
  • For repairs/renovation/refurbishment of existing house – repayment period would be 7 years (including moratorium period)
  • Competitive rate of interest
    * Condition apply
  • 1st rank fixed charge on flat/house purchased/constructed out of bank finance
  • Onetime fee of 1.00% of the loan
  • Minimum – Rs. 1000
  • Maximum – Rs. 25,000
  • Copy of national ID card
  • Copy of driving license for vehicle for which loan is applied
  • Salary slips for last 3 months for salaried/MRA return for businessman
  • Estimates for cost of construction (in case of loan is applied for construction)
  • Time frame for taking credit decision/disposal of proposal from the date of submission of data/information is within 10 working days for all credit facilities up to Rs. 3,00,000.
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