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Building your dream is now easier.

Explore Bank of Baroda’s home loans.

House Loan

A Home Loan that makes owning a home more joyful

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.
Or
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

1^st 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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