Bank of Baroda Lowers Home Loan Interest Rates to 8.00% p.a.

Chandigarh, 5^th May, 2025: Bank of Baroda (Bank), one of India’s leading public sector banks, has announced a reduction in its Home Loan interest rates. The Bank’s home loan rates now start from 8.00%* p.a. (earlier 8.40% p.a.). The rates are applicable on fresh home loans and home improvement loans. The rate is applicable on loans of Rs 15 lakh and above and is linked to a borrower’s credit score. The Bank had already passed on the Repo rate reduction benefits to its existing borrowers with loans linked to Repo rate.

Further, the Bank is offering a concession of 0.05% p.a. for women borrowers and 0.10% p.a. for borrowers below 40 years of age, on ready properties, shifting of home loans, etc.

Shri Sanjay Mudaliar, Executive Director, Bank of Baroda said, “Bank of Baroda’s new reduced home loan rates will further make home ownership more affordable. We are also offering special concessions for specific important segments. These revised rates reinforce Bank’s commitment to offer competitive credit solutions to aspiring homeowners, further strengthening its position as a preferred housing finance partner.”

The Bank’s Home Loan Balance Transfer scheme offers an excellent opportunity for borrowers of other banks and NBFCs to seamlessly shift their home loans to Bank of Baroda with minimum documentation & quick processing, thus enabling them to take advantage of reduced interest rates.

Key features of Bank of Baroda Home Loans

• Interest rates starting at 8.00%* p.a.
• Concession of 0.05% p.a. for women borrowers, 0.10% p.a. for borrowers aged below 40 years and 0.10% p.a. for Takeover/Balance Transfer cases, fully completed properties and Government projects, subject to the Bank’s minimum ROI guideline in such cases.
• Takeover of home loans with minimum documentation.
• Digital Home Loans with quick approval in few steps.

Applicants can apply for a home loan by visiting the nearest Bank of Baroda branch or by visiting the Bank’s website.