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Bank of Baroda Home Loan Eligibility Calculator

Bank of Baroda Home Loan Eligibility in India 2021

Last Updated 16th Jul 2021

Eligibility CriteriaBank of Baroda Home Loan
Eligible Age of Borrower21 - 60 years
Minimum Eligible Income ₹ 40,000 and above
Work Experience for Salaried2 years
Business Stability for Self Employed3 years
  • Bank of Baroda home loan eligibility is dependent on factors like your age, income, property value and repayment capacity.
  • Bank of Baroda calculates the amount of home loan you are eligible for using a formula that includes your net take home salary, the EMIs you have to pay and the value of property.
  • You can increase your eligibility to get a housing loan from Bank of Baroda by adding earning family members as co-applicants or by applying for a longer tenure loan.
Home Loan Eligibility Calculator

Bank of Baroda Home Loan Eligibility

Bank of Baroda offers various home loan schemes and offers at affordable rates to eligible customers whether salaried or self-employed. Bank of Baroda housing loan eligibility is based on factors like age, salary, occupation, property type and credit score. Detailed information on these factors is mentioned in the further sections.

Bank of Baroda Home Loan Eligibility based on Age

  • Age: Your age plays an important role in determining your eligibility and repayment capacity for home loan. Lower your age, higher will be the time period available to repay the loan, and hence higher home loan amount eligibility. The minimum age limit to get Bank of Baroda home loan is 21 years at the time of loan commencement and maximum age limit is 60 years. Bank of Baroda offers home loans for a maximum period of 30 Years subject to the condition that the borrower’s age at the end of the tenure must not exceed 60 of tenure.

Bank of Baroda Home Loan Eligibility based on Salary

  • Net income: Your net monthly income determines how much Bank of Baroda home loan EMI you are capable of paying after meeting all the living expenses based on your standard of living. For instance, if your salary is ₹ 25,000 then at interest rate of 6.75% offered by Bank of Baroda, the loan amount that you will be eligible for would be ₹ 28,30,416 to ₹ 50,10,807 depending on your age. Similarly, if your salary is ₹ 75,000, you might get eligible for a loan amount of ₹ 56,60,832 to ₹ 1,00,21,614 for the same property at the same rate depending on your age at the time of loan application. However, Bank of Baroda asks for a net monthly income of ₹ 40,000 to avail a home loan.
Age Net Monthly Income (₹)
25,000 50,000 75,000
25 years50.11 Lakh75.16 Lakh1 Cr
30 years50.11 Lakh75.16 Lakh1 Cr
35 years47.04 Lakh70.56 Lakh94.08 Lakh
40 years42.74 Lakh64.11 Lakh85.49 Lakh
45 years36.73 Lakh55.09 Lakh73.45 Lakh
50 years28.30 Lakh42.46 Lakh56.61 Lakh

You may consider repaying any loans with short tenure and high EMI in order to increase your Bank of Baroda home loan eligibility.

  • Nature of employment: Bank of Baroda will check whether you are salaried or self-employed and the company and sector in which you are working. It also looks at your years of experience to check for job and income stability. Bank of Baroda requires minimum income history and job stability of more than 2 years for salaried individuals and of 3 years for self-employed individuals.

Home Loan Eligibility Bank of Baroda based on Value of Property

  • Value of property: Bank of Baroda does not finance the entire property value. The maximum home loan eligibility would depend upon the value of the property as shown below:
Property Value LTV
Less than 30 Lakh90%
Between 30 Lakh and 75 Lakh80%
Above 75 Lakh75%
  • Property documents: Your property’s legal documents should be satisfactory and be cleared by the Bank of Baroda's legal team.

The housing loan eligibility calculator of Bank of Baroda can be a useful tool to assess your eligibility for the loan.

Minimum CIBIL Score for Bank of Baroda Home Loan

  • CIBIL Score: Bank of Baroda considers credit score as a barometer to gauge your past credit behaviour and hence, CIBIL score becomes the most important factor to define your eligibility to get a home loan. Higher credit score increases your chances to get loan approval from Bank of Baroda However, low CIBIL score reduces your chances to get a home loan. Bank of Baroda requires a minimum credit score of 650 to be eligible for a home loan.

Bank of Baroda Housing Loan Eligibility Calculator based on FOIR

FOIR (Fixed Obligation to Income Ratio) is an important parameter used by Bank of Baroda to determine your home loan eligibility. Bank of Baroda considers all your fixed obligations like current EMIs into account while estimating your eligibility. Minimum FOIR required to be eligible for Bank of Baroda home loan is 0.65. Calculate your eligibility with Bank of Baroda home loan calculator and apply for eligible loan amount hassle free.

Bank of Baroda Home Loan for Women Eligibility

Bank of Baroda offers the same rates to women borrowers starting at 6.75% with similar eligibility criteria for home loan. In case of a joint home loan, the woman borrower also needs to be the co-owner of the property and should have a good credit history to get the joint home loan application passed for concessional rates.

How can I Check my Bank of Baroda Home Loan Eligibility ?

To check Bank of Baroda home loan eligibility perform the following steps:-

  • Go to the Bank of Baroda website
  • Now navigate to the option Bank of Baroda home loan
  • To check eligibility criteria use a home loan eligibility calculator.
  • Fill the required details like loan amount required, salary, age etc.

Also you can contact the bank by calling on their customer care number 1800-258-4455/ 1800-102-4455.

Bank of Baroda Home Loan Schemes Eligibility

Baroda Home Loan Advantage

  • The home loan is linked with Saving Bank Account.
  • An applicant should be an Indian resident or Non-Resident Indians (NRIs) holding an Indian passport or Persons of Indian origin (PIOs) holding a foreign passport or Overseas Citizens of India (OCI).

Baroda Pre Approved Home Loan

  • Salaried, self employed individuals with a monthly income of ₹ 20,000 per month.

Baroda Home Loan Suraksha Personal Loan

  • Salaried, self employed individuals with a monthly income of ₹ 20,000 per month.

BOB Repo Rate Linked Home Loan

  • Salaried and Self-employed individuals, with a monthly income of ₹ 25,000, and more.

Other Loan Calculators


What is the criteria to get Bank of Baroda home loan?

The basic criteria to get a home loan from Bank of Baroda are as following:

Age21 - 60 years
Income ₹ 40,000
Income3 years for salaried, 5 years for self-employed
Credit score650 and above

How much home loan can I get on my salary from Bank of Baroda?

The amount for which you are eligible is calculated based on the FOIR and LTV. The higher your income, and the least is your fixed obligations (mostly ongoing EMIs), the higher will be your eligibility for a home loan.

What is the minimum salary to get home loan from Bank of Baroda?

The minimum salary required to avail home loan from Bank of Baroda is ₹ 40,000.for salaried borrowers. The income criteria for self employed professionals or businessmen may vary in Bank of Baroda.

Is Bank of Baroda good for home loan?

The lowest interest rate provided by Bank of Baroda is 6.75% which is a best rate in the market. There are no prepayment charges on floating rate based home loan. Hence, you can consider this as a good option for housing loan.

Does adding a co-applicant increase housing loan eligibility?

Yes, adding a co-applicant with an independent income source increases housing loan eligibility significantly. By doing so you will be able to get a higher loan amount and also both of you can save on taxes under Income Tax Act.

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Bank of Baroda Home Loan News - Jul 2021
  • 2021-07-16 : Amalgamation of Bank of Baroda, erstwhile Vijaya Bank and erstwhile Dena Bank
    Bank of Baroda, on its website, stated that the IFSC codes of the erstwhile Vijaya Bank and Dena Bank were discontinued on March 1, 2021. Customers have been asked to apply for cheque books with the new MICR code at the earliest.
  • 2021-06-01 : BOB reports net loss of Rs 1,046 cr in Q4
    Bank of Baroda reported a standalone net loss of Rs 1,046 crore for the March quarter (Q4FY21). It had posted a profit of Rs 506.6 crore in the same period last year (Q4FY20). The lender’s advances which includes retail loans home, LAP, personal, two wheeler, car education and doctor loan along business and mudra loan grew by 4.9% to Rs 6.4 trillion during the March quarter. Further domestic deposits which includes fixed and recurring deposits rose 6.2% to Rs 8.6 trillion.
  • 2021-05-19 : Bank of Baroda to hire digital marketing agencies to increase customer outreach
    Bank of Baroda is looking to hire three digital marketing agencies. The bank is aiming to visible digitally through means such as YouTube, influencer tie-ups, content syndications as well as new age media opportunities. The digital marketing firm will also be required to create content through campaigns, mobile-first based content, blog--articles, infographics, gifs and videos.
  • 2021-03-25 : Bank of Baroda reduced its home loan rates
    With effect from 15 March 2021, Bank of Baroda revised its home loan rates. The new home loan rates start at 6.75%.
  • 2021-03-17 : BOB to focus on new digital platform to expand retail lending
    Bank of Baroda is planning to expand its retail loans portfolio which include home, personal, LAP, gold, two-wheeler and car loans through a self made digital lending platform. The digital platform assesses credit risk through varied public and private data points like bank account statements, tax statements and consumption trends.
*Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
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