Bank of Baroda Loan Against Property (LAP)

  • Interest Rate at 8.45% onwards
  • Loan-to-Value Ratio up to 60% of the property value
  • Loan Tenure up to 10 years
  • Processing Fee up to 1% of the loan amount, subject to a maximum of Rs.1,50,000
Get Bank of Baroda Loan Against Property

Bank of Baroda offers borrowers Loan Against Property (LAP) or Mortgage Loan starting at just 8.45% interest rate. BOB LAP lets customers utilize the funds for any personal purpose, and can be availed as a term loan or an overdraft facility against mortgage of their residential or commercial property. 

Bank of Baroda Loan Against Property (LAP) Summary
Interest Rate8.45% onwards
Loan-to-Value RatioUp to 60% of the property value
Loan TenureUp to 10 years
Processing FeesUp to 1% of the loan amount, subject to a maximum of Rs.1,50,000
Minimum Loan AmountRs.2 lakh
Maximum Loan AmountRs.10 crore for metro branches, Rs.5 crore for urban branches, Rs.3 crore for semi-urban branches and Rs.25 lakh for rural branches

Note : The above rates are subject to change at the discretion of the banks or on the basis of RBI directives.

Eligibility Criteria for Bank of Baroda Loan Against Property

To avail of a Band of Baroda loan against property,

An applicant must:
  • Be salaried or self-employed residents with gross annual income of at least Rs.3 lakhs per annum.
  • Have work experience or business continuity of at least 3 years.

Know your eligibility for a mortgage loan!

Use the Fincity loan against property calculator to find out.

Check Eligibility

Bank of Baroda Loan Against Property Interest Rate

The BOB Loan Against Property is linked to the Baroda Repo Linked Lending Rate (BRLLR). The applicable interest rate is a combination of the BRLLR and a spread which is decided based on the applicant’s risk profile.

Loan AmountApplicable ROI (per annum)
Up to Rs.5.00 crore8.45% to 11.00%
Up to Rs.5.00 crore8.45% to 11.00%

Note :The above rates are subject to change at the discretion of the banks without prior notice.

Bank of Baroda (BOB) Processing Fee and Other Charges

Here’s a list of the processing charges a borrower can expect when they apply for a BOB LAP.

ParticularsCharges
Processing Fee
  • For Term Loan: 
    1% of the loan amount, subject to a maximum of Rs.1,50,000 and a minimum of  Rs.8,500
  • For Overdraft: 
    Up to Rs.3.00 Crore: 0.35% of the limit, subject to a maximum of Rs.75,000 and a minimum of  Rs.8,500 
    Above Rs.3.00 Crore: 0.25% of the limit and a minimum of Rs.8,500 (upfront) 
Inspection Charges

Rs.100 

Statutory/Regulatory Charges

As per Actual

Note :The above rates are subject to change at the discretion of the banks without prior notice.

Bank of Baroda Loan Against Property EMI Calculation

Analyze all the options available to you before you decide on a particular loan against property product. Make sure to go for an LAP that gives you maximum leverage in terms of finances and benefits while also allowing easy repayment. For better planning, use the Fincity Loan Against Property EMI calculator for a detailed payment schedule.

Calculate your Loan Against Property EMI

Documents Required for a Bank of Baroda Loan Against Property

Below is a list of documents required for a Mortgage Loan with Bank of Baroda.

Salaried Individuals Self Employed Individuals 
  • Duly filled in and signed the application form with photographs 
  • Duly filled in and signed application form with photographs 
  • Identity, address and age proof 
  • Identity, address and age proof 
  • Salary slip of last 3 months 
  • ITR and financial statements, including balance sheet, profit & loss account, schedules. (documents must be certified by a CA) 
  • Bank statement of the past 6 months 
  • Bank statement of the past 12 months 
  • Form-16 and Income Tax Returns (ITR) details of two years 
  • For partnership firms: Latest partnership deed
  • For companies: Latest Memorandum and Articles of Association (CA certificate on profit sharing ratio/list of directors/shareholding partnership)
  • For Limited Liability Partnership: LLP Agreement 
  • Title documents of the property 
  • Title document of the property along with business address proof 

Note : Required documents must be self-attested and may slightly differ.

Bank of Baroda Loan Against Property (LAP) Benefits

You have access to a high loan amount with a repayment tenure of up to 10 years. The loan processing is quick and hassle-free, and the documentation is simple.

Seeking the best loan against property with maximum benefits?

Have our expert loan advisors guide you at no extra charge - connect with them at lap@fincity.com for free unbiased assistance – we help you access the lowest-rate loans and even negotiate the best terms on your behalf!

Get BOB Loan Against Property (LAP) at Best Rates