Bank of Baroda offers Loan Against Property (LAP) starting at 9.85% p.a., with loan amounts up to ₹25 crore and flexible tenures of up to 15 years, making it one of the most competitive mortgage loan options in India. A LAP allows you to unlock the hidden value of your residential, commercial, or industrial property and use it to meet diverse funding needs such as business expansion, education, medical expenses, or personal goals—at much lower interest rates compared to unsecured loans. What makes Bank of Baroda LAP highly beneficial is its affordable rates, higher loan amounts, long repayment flexibility, transparent process, and trust built over decades. With CreditCares, you get expert guidance, faster approvals, and complete support to secure the best Bank of baroda loan against property deal seamlessly and conveniently.
Bank of Baroda Loan Against Property – Key Highlights
| Feature | Details |
|---|---|
| Interest Rate | 9.85% – 17.50% p.a. |
| Loan Amount | â‚ą2 lakh to â‚ą25 crore |
| Tenure | Up to 15 years |
| Processing Fees | Up to 1% (₹8,500 upfront – ₹75,000) |
| Last Updated | 04 August 2025 |
Bank of Baroda Loan Against Property Interest Rates
Bank of Baroda offers Loan Against Property from 9.85% p.a. to 17.50% p.a. for loan amounts between â‚ą2 lakh and â‚ą25 crore with tenures up to 15 years. While exact rates are not disclosed based on credit score or profile, factors like credit history and income stability often influence the final rate.
Floating Rates
Linked to market benchmarks like the RBI repo rate, floating rates may reduce your EMI when rates fall but can increase if market rates rise.
| Tenure | Loan Amount | Interest Rate (p.a.) |
|---|---|---|
| Up to 10 years | Up to ₹7.5 crore | 9.85% – 14.75% |
| Up to 10 years | Above ₹7.5 crore | 10.10% – 15.00% |
| Above 10 years | Up to ₹7.5 crore | 10.35% – 15.25% |
| Above 10 years | Above ₹7.5 crore | 10.60% – 15.50% |
Note:
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Additional 0.50% p.a. above card rates for overdraft facility.
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0.25% p.a. concession for Baroda Mortgage Loan under the special takeover scheme.
Fixed Rates
Remain constant throughout the tenure, offering stability in EMIs, though generally slightly higher than floating rates.
| Tenure | Loan Amount | Interest Rate (p.a.) |
|---|---|---|
| Up to 10 years | Up to ₹7.5 crore | 11.85% – 16.75% |
| Up to 10 years | Above ₹7.5 crore | 12.10% – 17.00% |
| 10 – 15 years | Up to ₹7.5 crore | 12.35% – 17.25% |
| 10 – 15 years | Above ₹7.5 crore | 12.60% – 17.50% |
Baroda Mortgage Loan
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Purpose: Can be used for any need except speculative purposes.
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Loan Amount: Minimum â‚ą2 lakh, Maximum up to â‚ą25 crore (metro branches).
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Interest Rate: Starts from 9.85% p.a. onwards.
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Tenure: Up to 15 years for repayment flexibility.
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LTV Ratio: Up to 60% of the realizable property value.
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Property Type: Both residential and commercial properties accepted as collateral.
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Processing Fees: Up to 1% (₹8,500 upfront – ₹75,000).
Compare Loan Against Property Interest Rates – BOB vs Other Banks
| Name of the Lender | Interest Rate (% p.a.) | Action |
|---|---|---|
| Bank of Baroda | 10.85% – 18.35% | Apply Now |
| State Bank of India (SBI) | 9.20% – 10.50% | Apply Now |
| PNB Housing Finance | 9.25% – 15.00% | Apply Now |
| IDFC First Bank | 9.00% – 16.50% | Apply Now |
| HDFC Bank Limited | 9.50% – 11.00% | Apply Now |
| L&T Housing Finance | 9.50% onwards | Apply Now |
| LIC Housing Finance | 9.50% – 11.55% | Apply Now |
| Godrej Housing Finance | 9.75% onwards | Apply Now |
| ICICI Bank | 10.85% – 12.50% | Apply Now |
| Tata Capital | 9.00% onwards | Apply Now |
| Axis Bank | 10.50% – 10.95% | Apply Now |
| Punjab National Bank | 10.15% – 14.00% | Apply Now |
Fees and Charges of Bank of Baroda Loan Against Property
| Facility Type | Charge Type | Rate / Percentage | Minimum Upfront Cost | Maximum Limit |
|---|---|---|---|---|
| Term Loan | Processing Fee | Up to 1% of loan amount | â‚ą8,500 | â‚ą1,50,000 |
| Overdraft (≤ ₹3 Cr) | Handling Charges | Up to 0.35% of loan sum | ₹8,500 | ₹75,000 |
| Overdraft (> ₹3 Cr) | Service Fee | Up to 0.25% of loan sum | ₹8,500 | — |
Eligibility Criteria for Bank of Baroda Loan Against Property
To apply for a Bank of Baroda Loan Against Property, applicants need to meet the following basic eligibility norms:
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Who Can Apply: Indian residents, salaried individuals, professionals, business owners, agriculturists, and Non-Resident Indians (NRIs).
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NRI Eligibility: Must hold a valid Indian passport, have at least 2 years of continuous employment/self-employment abroad with a valid work permit.
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Work Experience: Minimum 3 years for salaried individuals, and 2 years for NRIs.
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Minimum Income: Salaried individuals should have an annual gross income of â‚ą3 lakh, while NRIs should earn at least â‚ą5 lakh annually.
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Credit Score: Like most lenders, Bank of Baroda also checks the applicant’s credit history and repayment record while assessing mortgage loan eligibility.
Bank of Baroda Loan Against Property Documents Required
Applicants need to submit documents based on their profile. Here’s a simplified list:
For Individuals
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Completed application form with photos and signatures.
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Identity proof (Aadhar, PAN, Passport, Voter ID, Driving License).
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Address proof (Utility bill, Passport, Voter ID).
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Latest 3 months’ salary slips and Form 16/ITR for last 3 years (for salaried).
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Bank statement for last 6 months.
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For self-employed/professionals: Business balance sheets, P&L accounts, and ITRs (last 3 years).
For NRIs
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Employment contract and valid work permit.
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Latest 6 months’ salary slips (for salaried).
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Business financials + ITR (for self-employed).
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Copy of VISA, overseas bank statement (6 months), and NRE account details.
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Proof of income, biodata, and guarantor details.
For Non-Individuals (Firms/Companies)
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Board Resolution and business details.
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Financial statements (Balance Sheets, ITRs).
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Loan/overdraft details with other banks.
Property Documents
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Original property title deed and ownership chain.
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Non-encumbrance certificate.
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Latest municipal tax, maintenance, and water tax receipts.
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NOC/permission from housing society or development authority.
Tips to Improve Approval Chances
Getting approval for a Bank of Baroda Loan Against Property becomes easier if you follow these practical steps:
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Maintain a Strong Credit Score – A CIBIL score of 700+ shows financial discipline and builds lender trust.
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Choose the Right Property – Banks prefer clear-title, litigation-free properties with proper approvals and tax receipts.
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Show Stable Income Proof – Salaried applicants should provide updated salary slips/ITRs, while business owners should keep financial statements audited.
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Reduce Existing Debt – Lowering EMIs or clearing small loans before applying increases eligibility.
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Apply with a Co-Applicant – Adding a spouse or family member with stable income improves repayment capacity.
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Keep Documents Ready – Submitting complete and accurate Bank of Baroda loan against property documents speeds up approval.
Frequently Asked Questions (FAQs)
Q1. What is the minimum and maximum loan amount offered by Bank of Baroda for LAP?
Bank of Baroda offers loans starting from â‚ą2 lakh up to â‚ą25 crore, depending on property value and eligibility.
Q2. What is the tenure for Bank of Baroda Loan Against Property?
The repayment period can go up to 15 years, based on applicant profile and loan amount.
Q3. What is the interest rate on Bank of Baroda Loan Against Property?
Rates start at 9.85% p.a. onwards, depending on tenure, loan amount, and applicant profile.
Q4. Can NRIs apply for Bank of Baroda LAP?
Yes. NRIs with valid Indian passports, stable employment/business abroad, and required mortgage loan eligibility documents can apply.
Q5. How can I apply online for Bank of Baroda LAP?
You can apply directly through Bank of Baroda’s portal or take expert help via CreditCares to make the process smooth and faster.
Conclusion:
A Bank of Baroda Loan Against Property is a smart financing solution for anyone looking to unlock the value of their property at competitive interest rates. With flexible repayment options, higher loan amounts, and tenure of up to 15 years, it is one of the most reliable mortgage loan products in India.
However, navigating eligibility checks, document requirements, and approval processes can be time-consuming. That’s where CreditCares comes in. We are directly connected with Bank of Baroda and assist applicants in getting faster approvals, better loan terms, and end-to-end guidance.
If you are planning to apply for a Bank of Baroda Loan Against Property, visit CreditCares.in today and let our experts help you secure the best deal conveniently.
