Bank of Baroda Loans, Eligibility & Rates

Bank of Baroda offers diverse loan products tailored for personal, housing, business, and specialized needs, with competitive rates updated as of early 2026. These loans emphasize flexible eligibility for salaried individuals, self-employed professionals, and government employees, often requiring a strong CIBIL score above 750 for optimal terms. Processing fees range from 0.25-2% plus GST, with tenures up to 20 years for home loans and 7 years for personal loans.

1. Personal Loan

Bank of Baroda's Personal Loan provides quick funds for weddings, travel, or emergencies without collateral. Eligibility includes salaried employees from government/PSUs (salary account preferred), self-employed with 1+ year experience, and age 21-65; higher loan amounts (over Rs. 2 lakhs) need a 6-month account relationship. Rates start at 10.15%-10.65% for government staff, rising to 13.90%-17.50% for others, with fixed options 1-1.5% higher; max amount Rs. 25 lakhs, tenure up to 7 years.

2. Home Loan

The Baroda Home Loan finances property purchase, construction, or renovation, with limits up to Kes. 100 million in Kenya or equivalent in India. Borrowers must be 21+, Indian residents or NRIs, with stable income; self-employed need 2-3 years business vintage. Interest begins at 7.45%, linked to repo rate, with processing fees up to 0.50%; tenure up to 20-30 years, including PMAY subsidies for MIG categories.

3. Business Loan

Baroda's Composite Business Loan supports MSMEs for working capital or fixed assets, up to Rs. 100 Crores. Eligibility targets registered businesses with turnover proof, 3+ years operation, and satisfactory credit; margins apply per asset type. Rates from 7.25% p.a., tenure 3-10 years with moratorium, ideal for expansion in trade or manufacturing.

4. Education Loan

Baroda Scholar/Education Loan covers tuition, hostel, and study abroad costs for premier institutes. Students aged 18+ with confirmed admission qualify; no collateral for loans up to Rs. 7.5 lakhs, parents as co-borrowers. Rates are concessionary (0.50% for girls), starting 8-10%, repayment up to 15 years post-moratorium.​

5. Mortgage Loan

Baroda Mortgage Loan leverages property for liquidity, funding business or personal needs up to 50-60% of value. Age 21-70 (repayment tenure not exceeding 70), salaried/self-employed with property documents required. Rates repo-linked around 9-12%, flexible tenures up to 15 years, lower for existing customers.​

6. Loan to Pensioners

This scheme offers overdraft/term loans against pension for medical or family expenses. Eligible: Central govt pensioners with Baroda pension account, family pensioners; min pension Rs. 25,000. Rates 10.15%-10.65%, limit up to 36 months pension, no processing fee for small amounts.​

7. Vehicle Loans

Baroda Two-Wheeler/Car Loans finance new/used vehicles with minimal margins (10-20%). Salaried with salary account or 6-month relationship qualify, age 21-65. Rates 9-14% based on profile, tenure up to 7 years, hypothecation of vehicle as security.​

Processing and documentation are streamlined digitally, needing KYC (Aadhaar/PAN), income proof (salary slips/ITR), and bank statements. Women and existing customers enjoy rate concessions (0.25-0.50%). Use EMI calculators on the official site for affordability checks. Apply via branches, net banking, or partners like Paisabazaar for pre-approvals. Always verify latest terms on bankofbaroda.in as rates fluctuate with RBI repo (currently ~6.5% in 2026).

For Nairobi residents or Kenyans, localized products via Bank of Baroda Kenya mirror these, with Kes. equivalents and USD options for home/mortgage loans up to 20 years. Compare with peers like ICICI (11-13%) for best fit. Strong credit and salary account boost approval odds