Baroda Home Loan Advantage (Overdraft)
Primary Lending Institution:Bank of Baroda (BOB)
₹10 Lakh to ₹10 Crore home loan at 8.60% – 9.40% with Up to 30 years tenure.
This loan requires the property to be in an approved society/project — self-constructed rural properties often ineligible.
What is Baroda Home Loan Advantage (Overdraft)?
Bank of Baroda's flagship overdraft home loan linking savings account balance to loan account to offset interest calculations daily.
Key Benefits & Features
Substantial interest savings over tenure; complete flexibility to withdraw excess savings anytime; no penalty on early principal reduction.
Property & Project Eligibility Requirements
Residential dwelling in municipal or urban development authority master plan.
Borrower Eligibility Criteria
Salaried or self-employed individuals with minimum net income ₹30,000/month and CIBIL score ≥ 725.
How to Apply (3 Verified Paths)
Apply online through net banking portal or visit lending branch with loan inquiry.
Apply online at https://www.bankofbaroda.in/personal-banking/loans/home-loan/baroda-home-loan-advantage with digital KYC and property details.
Visit nearest branch of the institution with income proofs and sale agreement.
Documents Required Checklist
Aadhaar Card, PAN Card, Last 3 months salary slips or 2 years ITR-V, 6 months bank account statement, Title deed, Approved building plan and municipal tax receipts.
Frequently Asked Questions
What is the maximum loan tenure available for Baroda Home Loan Advantage (Overdraft)?
The maximum repayment tenure offered for Baroda Home Loan Advantage (Overdraft) is Up to 30 years, subject to borrower's age not exceeding 70 years at loan maturity.
What are the processing charges and prepayment rules for Baroda Home Loan Advantage (Overdraft)?
The processing fee is 0.25% (Min ₹7,500, Max ₹20,000) + GST. As per RBI guidelines, zero prepayment penalties apply to all individual floating-rate home loans.
What documents are required to apply for Baroda Home Loan Advantage (Overdraft)?
Applicants must provide KYC (Aadhaar, PAN), 3 months salary slips or 2 years ITR with computation, 6 months bank statements, and clear property title documents with municipal sanctions.
Why does Baroda Home Loan Advantage (Overdraft) require property approval in a formal layout?
This loan requires the property to be in an approved society/project — self-constructed rural properties often ineligible.