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The loan is available to Indian residents, including salaried individuals, self-employed professionals, business owners, agriculturists, and Non-Resident Indians (NRIs). The bank evaluates applicants based on income stability, credit history, and property valuation. A minimum CIBIL score of 750+ is generally preferred for faster approval and better pricing. Bank of Baroda offers flexible repayment tenures up to 15 years, allowing borrowers to align EMIs with their cash flow. The maximum loan amount of ₹25 crore (available at metro branches) makes IT suitable for high-value funding needs, especially for business expansion, debt consolidation, or large personal expenses. The bank also provides specialized variants such as the overdraft facility and special takeover scheme. The overdraft option allows interest to be charged only on the amount utilized, with rates set at 12 + 12 p.a. Under the special takeover scheme, borrowers can avail a concession of 12 p.a. In applicable interest rate, improving cost efficiency. - Identity Proof: PAN Card, Aadhaar Card, Passport, or Voter ID (mandatory for all applicants). - Address Proof: Utility bill (not older than 3 months), Aadhaar Card, or rental agreement (registered/leave and license). - Age Proof: PAN Card, Aadhaar Card, Birth Certificate, or Passport (minimum 21 years, maximum 70 or retirement age, whichever is earlier). - Income Proof (Salaried): 6 months' salary slips, 2 years Form 16, and 6 months' bank statements showing salary credits. - Income Proof (Self-Employed): 3 years ITR with computation of income, 2 years audited financials, and 6 months business bank statements. - Property Documents: Title deed, sale deed, property tax receipt, encumbrance Certificate (last 15 years), and approved building plan. - Loan Sanction Letter (if balance transfer): Copy of existing loan account statement and NOC from current lender. The documentation process ensures faster approval and accurate eligibility assessment by Bank of Baroda.
| Fee Type | Charges | Minimum | Maximum | Applicability |
|---|---|---|---|---|
| Processing Fees (Term Loan) | Up to 1% of the loan amount | ₹7,500 | ₹1,50,000 | All LAP applicants |
| Processing Fees (Overdraft Facility - up to ₹3 Crores) | 0.35% of the limit | ₹7,500 | ₹75,000 | Overdraft facility seekers |
| Processing Fees (Overdraft Facility - above ₹3 Crores) | 0.25% of the limit | ₹7,500 | No maximum | High-value overdraft applicants |
| Upfront Processing Fee Payment | ₹8,500 | – | – | Initial application stage |
| Additional Overdraft Facility Interest | 12 p.a. Above card rates | – | – | Availed overdraft component |
| Concession for Special Takeover Scheme | 12 p.a. In applicable ROI | – | – | Balance transfer under Baroda Mortgage Loan scheme |
| Foreclosure Fees | Stipulated as per loan agreement | – | – | Applicable during fixed-rate tenure |
| Document Verification Charges | One-time upfront fee | – | – | As per bank's internal norms |
| Legal & Technical Evaluation Fees | Out-of-pocket expenses | ₹5,000 + GST | ₹10,000 + GST | Property valuation and legal checks |
| Prepayment Penalty (Fixed-Rate Loans) | 3% of outstanding amount | – | – | Within first 3 years |
| Service Tax / GST | Applicable as per government norms | – | – | On all applicable fees |
Bank of Baroda structures its LAP charges to balance affordability with risk assessment, offering concessions for balance transfers while enforcing standard fees for high-ticket evaluations.
The Bank of Baroda offers Loan Against Property at interest rates starting from 12 with a maximum loan amount of ₹25 crore and repayment tenure up to 15 years, making IT competitive against private and public sector lenders. Bank of Baroda's LAP offering is among the most competitive public sector lenders, with a high maximum loan limit of ₹25 crore and structured rates starting from 12, though private banks like HDFC and ICICI offer slightly lower starting rates.
Check eligibility and apply at the official Bank of Baroda website.
The loan is available to Indian residents, including salaried individuals, self-employed professionals, business owners, agriculturists, and Non-Resident Indians (NRIs). The bank evaluates applicants based on income stability, credit history, and property valuation. A minimum CIBIL score of 750+ is generally preferred for faster approval and better pricing. Bank of Baroda offers flexible repayment tenures up to 15 years, allowing borrowers to align EMIs with their cash flow. The maximum loan amount of ₹25 crore (available at metro branches) makes IT suitable for high-value funding needs, especially for business expansion, debt consolidation, or large personal expenses. The bank also provides specialized variants such as the overdraft facility and special takeover scheme. The overdraft option allows interest to be charged only on the amount utilized, with rates set at 12 + 12 p.a. Under the special takeover scheme, borrowers can avail a concession of 12 p.a. In applicable interest rate, improving cost efficiency. - Identity Proof: PAN Card, Aadhaar Card, Passport, or Voter ID (mandatory for all applicants). - Address Proof: Utility bill (not older than 3 months), Aadhaar Card, or rental agreement (registered/leave and license). - Age Proof: PAN Card, Aadhaar Card, Birth Certificate, or Passport (minimum 21 years, maximum 70 or retirement age, whichever is earlier). - Income Proof (Salaried): 6 months' salary slips, 2 years Form 16, and 6 months' bank statements showing salary credits. - Income Proof (Self-Employed): 3 years ITR with computation of income, 2 years audited financials, and 6 months business bank statements. - Property Documents: Title deed, sale deed, property tax receipt, encumbrance Certificate (last 15 years), and approved building plan. - Loan Sanction Letter (if balance transfer): Copy of existing loan account statement and NOC from current lender. The documentation process ensures faster approval and accurate eligibility assessment by Bank of Baroda.
| Fee Type | Charges | Minimum | Maximum | Applicability |
|---|---|---|---|---|
| Processing Fees (Term Loan) | Up to 1% of the loan amount | ₹7,500 | ₹1,50,000 | All LAP applicants |
| Processing Fees (Overdraft Facility - up to ₹3 Crores) | 0.35% of the limit | ₹7,500 | ₹75,000 | Overdraft facility seekers |
| Processing Fees (Overdraft Facility - above ₹3 Crores) | 0.25% of the limit | ₹7,500 | No maximum | High-value overdraft applicants |
| Upfront Processing Fee Payment | ₹8,500 | – | – | Initial application stage |
| Additional Overdraft Facility Interest | 12 p.a. Above card rates | – | – | Availed overdraft component |
| Concession for Special Takeover Scheme | 12 p.a. In applicable ROI | – | – | Balance transfer under Baroda Mortgage Loan scheme |
| Foreclosure Fees | Stipulated as per loan agreement | – | – | Applicable during fixed-rate tenure |
| Document Verification Charges | One-time upfront fee | – | – | As per bank's internal norms |
| Legal & Technical Evaluation Fees | Out-of-pocket expenses | ₹5,000 + GST | ₹10,000 + GST | Property valuation and legal checks |
| Prepayment Penalty (Fixed-Rate Loans) | 3% of outstanding amount | – | – | Within first 3 years |
| Service Tax / GST | Applicable as per government norms | – | – | On all applicable fees |
Bank of Baroda structures its LAP charges to balance affordability with risk assessment, offering concessions for balance transfers while enforcing standard fees for high-ticket evaluations.
The Bank of Baroda offers Loan Against Property at interest rates starting from 12 with a maximum loan amount of ₹25 crore and repayment tenure up to 15 years, making IT competitive against private and public sector lenders. Bank of Baroda's LAP offering is among the most competitive public sector lenders, with a high maximum loan limit of ₹25 crore and structured rates starting from 12, though private banks like HDFC and ICICI offer slightly lower starting rates.
Check eligibility and apply at the official Bank of Baroda website.
