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Bank of Baroda Home Loan

PSU Bank

Bank of Baroda offers some of the lowest home loan rates among PSU banks, with a processing fee capped at ₹8,500 flat. For borrowers who prioritise cost over digital convenience, BOB is a strong alternative to SBI.

7.20%

Starting rate

9.00%

Max rate

₹8,500 (max)

Processing fee

30 yrs

Max tenure

Rates as of 2026-04-16. RBI repo rate 5.25%. Best available new-customer rate across all tracked lenders: 7.15%.

Already have a Bank of Baroda home loan?

If your current Bank of Baroda rate is above 7.20%, you are paying more than what Bank of Baroda is offering new customers today. The gap could be anywhere from 50 to 185 basis points depending on when you took the loan and which benchmark it is on.

Check my overpayment Rate reset letter for Bank of Baroda

Products offered

Baroda Home Loan
Baroda Home Loan Takeover (Balance Transfer)
Baroda Home Loan Advantage (OD)
Baroda Plot Loan

Best for: Cost-conscious borrowers who want a PSU bank rate near SBI levels with a lower absolute processing fee cap of ₹8,500.

Strengths and weaknesses

+ Processing fee capped at ₹8,500 absolute, which is among the lowest in the industry.

+ Rates start at 7.20%, very close to SBI levels.

+ Baroda Home Loan Advantage is a competitive OD product with a lower premium than SBI Maxgain.

- Branch network in metro cities is thinner than SBI.

- Digital experience lags behind private banks.

Rate reset at Bank of Baroda

Bank of Baroda processes rate resets through the home loan branch. The flat ₹8,500 cap on processing fee also applies to conversion fees on reset requests, making it one of the cheapest banks to reset with.

Get the rate reset letter template

Balance transfer friction

Low friction

Leaving Bank of Baroda for a balance transfer is straightforward. Foreclosure letters are issued within a reasonable timeline and no foreclosure fee applies on floating-rate loans (RBI 2012 circular).

Read the foreclosure charges guide

Bank of Baroda home loan at a glance

Lender type	PSU Bank
Headquarters	Vadodara
Regulator	RBI
Floating rate range	7.20% to 9.00% (EBLR-linked)
Processing fee	₹8,500 (max)
Max tenure	30 years
Max loan amount	No upper limit
Prepayment charge	Nil on floating rate
Balance transfer friction	low
Official website	www.bankofbaroda.in

Data as of 2026-04-16. Rates are for salaried borrowers with CIBIL 750+. Verify with Bank of Baroda for profile-specific quotes.

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