Bank of Baroda Loan Against Property

Bank of Baroda is designed to provide borrowers with a versatile financing solution for both business expansion and personal needs. With a tenure of up to 15 years and competitive interest rates starting at 10.85% p.a., this facility offers a maximum loan amount of ₹25 crore.

---

Bank of Baroda Loan Against Property Highlights

Aspect	Highlights
Interest Rates	10.85% p.a. onwards
Loan Amount	₹2 Crore – ₹25 Crore
Tenure	15 years
Processing Fees	1% of the loan amount

Also Read: A Guide to Loan Against Property

---

Bank of Baroda Loan Against Property Interest Rates 2025

Bank of Baroda offers loan against property at interest rates starting from 10.85% p.a. These rates vary based on factors such as CIBIL score, loan amount, occupation profile, and the specific home loan scheme you choose.

Floating Interest Rates

Tenure	Loan Amount	Interest Rates (p.a.)
Up to 10 years	Up to Rs 7.5 crore	10.85% – 15.75%
	Above Rs 7.5 crore	11.10% – 16.00%
Above 10 to 15 years	Up to Rs 7.5 crore	11.35% – 16.25%
	Above Rs 7.5 crore	11.60% – 16.50%

Fixed Interest Rates

Tenure	Loan Amount	Interest Rates (p.a.)
Up to 10 years	Up to Rs 7.5 crore	12.60% – 17.60%
	Above Rs 7.5 crore	12.85% – 17.85%
Above 10 to 15 years	Up to Rs 7.5 crore	13.10% – 18.10%
	Above Rs 7.5 crore	13.35% – 18.35%

Also Read: How to Increase CIBIL Score

---

Bank of Baroda Loan Against Property Eligibility Criteria

Before applying for a loan against property, it’s essential to understand the eligibility criteria. Here’s the essential eligibility checklist set by BOB:

Individual Eligibility Criteria

Category	Criteria
Resident Indians	Eligible Individuals: Salaried, Self-Employed, Businesspersons, Professionals, Agriculturists.
	Employment/Business Experience: Min. 3 years (Break in service up to 3 months allowed).
	Minimum Gross Annual Income (GAI): ₹3 Lakhs (Avg. of last 3 years, incl. co-applicant).
Non-Resident Indians (NRIs)	Eligible Individuals: NRIs (holding an Indian passport) with a regular job abroad in a reputed Indian/foreign company, organization, or govt. department.
	Job/Business Requirements: Valid job contract/work permit for past 2 years, must have stayed abroad for at least 2 years.
	Minimum GAI: ₹5 Lakhs (Avg. of last 3 years, incl. co-applicant).
Mixed Applicants (Resident + NRI)	Combined minimum GAI: ₹5 Lakhs.

Co-Applicant Rules

Category	Details
Close Relatives	Can be co-applicants for higher eligibility (ownership not mandatory).
Non-Relatives	Can be co-applicants only if they are owner/joint owner of the collateral property.
Income Consideration	If the property owner’s income is not considered, they must still be a co-applicant (age/employment rules won’t apply).

Age Criteria

Category	Minimum Age	Maximum Age
All Applicants	21 years	60 years
Salaried Individuals	–	Age + Loan Tenure ≤ Retirement Age
NRIs & Others	–	Age + Loan Tenure ≤ 65 Years

Loan Purpose

Permitted Purposes	Exclusions
Any purpose except financial speculation	Real Estate Developers, Property Dealers/Brokers, Stock Brokers, and Speculative Activities.
Purchase of Commercial Property (T&Cs apply)	–

---

Bank of Baroda Loan Against Property Documents Required

Getting a Bank of Baroda Loan Against Property? Here’s the quick checklist of documents you’ll need so you can breeze through approval without last-minute surprises.

For Individuals

Document Type	Requirements
Application Form	Duly filled and signed by applicant/guarantor (Separate Form No. 135 not required)
Photographs	Two passport-size photos of applicant/co-applicant/guarantor
Bank Statement	Last 6 months’ bank account statement
Personal Identification Proof (Any One)	Photo ID issued by employer, Electoral ID, Passport, Driving License, PAN Card, Aadhaar Card
Residential Address Proof (Any One)	Electricity Bill, Telephone Bill (Landline), Electoral ID, Passport

For Salaried Class

Document Type	Requirements
Salary Slips	Last 3 months with breakup, attested by employer and countersigned by applicant
Income Proof	IT Returns + Form 16 for last 3 years

For Agriculturists

Document Type	Requirements
Income Certificate	From appropriate authority (Tehsildar/SDO/BDO)

For Others

Document Type	Requirements
Income Proof	IT Returns for last 3 years (duly acknowledged by IT authorities)

For Self-Employed/Professionals

Document Type	Requirements
Financial Statements	Balance Sheets & Profit & Loss Accounts for last 3 years (certified by CA)
Income Proof	Individual IT Returns for last 3 years
Business Information	Note on nature of business, organization structure, clients, suppliers, etc.

For NRIs

Document Type	Requirements
Employment Contract	Copy (translated to English & attested by Employer/Indian Embassy if required)
Identity Proof	ID card issued by Employer, Work Permit copy, Visa stamped on passport
Bank Statement	NRE Bank account passbook or statement, Overseas Bank Account Statement (last 6 months)
Bio-Data	Covering educational qualifications, age, job experience, profession/business details with proof
Guarantor Details	Forms with net worth proof/income proof
Employer Undertaking	For remittance of monthly installment, if stipulated in sanction

For Salaried NRIs

Document Type	Requirements
Salary Slips	Certified copies for the last 6 months
Salary Certificate	Attested by foreign office/subsidiary or certified by competent authority (CA, Inland Revenue Dept., Notary if attestation isn’t possible)

For Self-Employed/Professional NRIs

Document Type	Requirements
Financial Statements	Balance Sheets & Profit & Loss Accounts (last 3 years, CA-certified)
Income Proof	Individual IT Returns for last 3 years
Business Information	Note on business nature, organization, clients, suppliers, etc.

Property-Related Documents

Document Type	Requirements
Title Deeds	Original title deeds + complete chain of title deeds
Tax Receipts	Latest maintenance, water tax, municipal tax, and other tax receipts
Non-Encumbrance Certificate	From Co-op Society (if applicable)
Mortgage Permission	From Society/Development Authorities (if applicable)
Lien Confirmation	Confirmation from Society that Bank’s lien is noted in records (if applicable)
Additional Documents	As specified by Bank’s panel advocate in legal opinion/title clearance report

Also Read: How to Download Bank of Baroda Home Loan Statement

---

Bank of Baroda LAP Processing Fees Structure

Here is a detailed breakdown of the processing fees for different types of Bank of Baroda LAP. This will help you understand the charges associated with each loan category.

Product	Processing Fees
BOB LAP	₹8,500 – ₹1,50,000

Key Points:

• Unified Processing Charges: These fees encompass documentation, inspection, legal verification, and valuation costs.
• No Prepayment Charges: Borrowers with floating interest rates are not subject to fees for prepayment or foreclosure.

Check Out: Bank of Baroda Home Loan Documents 

---

Additional Fees and Charges for Bank of Baroda LAP

Charge Type	Amount
Takeover of Home Loan	– Loans up to ₹20 lakh: 0.35% of the loan amount – Loans above ₹20 lakh: 0.40% of the loan amount – Maximum: ₹15,000 (Service tax applicable separately)
Prepayment Charges	Nil for all home loans
Inspection Charges	– First Post-Inspection: No charge – Second & Onwards: ₹100 + out-of-pocket and conveyance charges (per inspection) + GST
Legal Reports / Valuation Charges	Actual charges as per legal and valuation fees incurred
Conversion Charges (Fixed to Floating)	– One-time process – 0.50% per year of the residual loan period (maximum 2% of outstanding loan) + GST – Premature Closure Fee: 0.5% of balance outstanding per year (maximum 3%)
Conversion Charges (Floating to Fixed)	Not Available

Check Out: Bank of Baroda Slashes Home Loan Rates

---

Bank Of Baroda LAP Prepayment/Part-Payment Charges

Below is a detailed breakdown of BOB’s Prepayment Charges.

Loan Type	Prepayment/Part-Payment Charges
Floating Rate Loans (Individuals)	NIL
Fixed Rate Loans (Individuals)	– Prepayment within 3 years: 2% penalty on the amount prepaid. – Prepayment after 3 years: No charges.

Check Out: Bank of Baroda Home Loan Eligibility Calculator

---

How to Apply for Bank of Baroda Loan Against Property?

---

Compare Top Banks Loan Against Property Interest Rates

Comparing loan against property interest rates from leading banks helps you identify affordable financing options. Get a clearer view of each lender’s terms and choose the best home loan that matches your budget and financial goals.

Banks/ NBFCs	Rate of Interest	Maximum Loan Amount
SBI	10.60% p.a. – 11.30% p.a.	Rs. 7.5 Crore
HDFC	9.50% p.a. – 11.00% p.a.	65% of the market value of the property
IDFC	9.25% p.a. onwards	50% – 70% of the market value of the property
Tata Capital	14.25% p.a. onwards	Depending on the market value of the property
Axis Bank	10.50% p.a. – 10.90% p.a.	Rs. 5 Crore
Kotak Mahindra Bank	9.50% p.a. onwards	Rs. 5 Crore
Bank of India	10.10% p.a. Per lakh	Rs. 5 Crore
LIC Housing Finance	9.70% p.a. – 11.55% p.a.	Rs. 2 lakhs onwards
PNB Housing Finance	9.24% p.a. – 12.75% p.a.	70% of the market value of the property
ICICI Bank	10.85% p.a. – 12.50% p.a.	75% of the market value of the property

---

Conclusion

Taking a loan against property is a big step. Putting your property as a collateral can be hard, but we make it easy. Choosing Credit Dharma for your home loan simplifies this process. We offer expert advice and personalized assistance to make everything hassle-free. You’ll receive timely updates on your loan application and disbursement progress.

From the initial application to the final disbursement, we provide comprehensive support. Enjoy clear and honest communication at every stage, with no hidden surprises.

---

Frequently Asked Questions