New Delhi: Bank of Baroda (BoB) has reduced home loan interest rates by 40 basis points (bps) for new borrowers. The public sector bank’s home loan rates now start at 8 percent per annum. Earlier, it was 8.40 percent for new borrowers.
BoB, one of India’s leading public sector banks, announced a reduction in its home loan interest rates. 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 lender 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 percent per annum for women borrowers and 0.10% per annum for borrowers below 40 years of age, on ready properties, shifting of home loans, etc.
- Interest rates starting at 8.00%* per annum.
- Concession of 0.05% per annum for women borrowers, 0.10% per annum for borrowers aged below 40 years and 0.10% per annum 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 a few steps.
Types of Home Loans offered by Bank of Baroda
- Baroda Home Loan to Corporates / Non Individuals
- Baroda Home Loan
- Baroda Max Savings Home Loan
- Baroda Home Loan Takeover Scheme
- Home Improvement Loan
- Baroda Pre-Approved Home Loan
- Baroda Top Up Loan
- Baroda Home Suvidha Personal Loan
- Credit Risk Guarantee Fund Scheme for Low Income
- Bank of Baroda Q4 Results 2024-25
In its financial results for the quarter & financial year ended 31st March 2025, Bank of Baroda reported its standalone Net Profit increased to all time high of Rs 19,581 crore in FY25. Th e bank mentioned that its growth in profitability was supported by 14.8% YoY growth in Non-Interest Income to Rs 16,647 crore in FY25. The Operating Profit recorded a growth of 4.7 percent YoY and stands at Rs 32,435 crore in FY25.
