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Chandigarh, 5^th May, 2025: Bank of Baroda (Bank), one of India����ֱ�� leading public sector banks, has announced a reduction in its Home Loan interest rates. The Bank����ֱ�� 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����ֱ�� 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����ֱ�� commitment to offer competitive credit solutions to aspiring homeowners, further strengthening its position as a preferred housing finance partner.”

The Bank����ֱ�� 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����ֱ�� 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����ֱ�� website.