Rates And Charges

Interest Rates and Service Charges

Repo Rate: 6.25%

Marginal Cost of funds based Lending Rate (MCLR)

MCLR rate w.e.f from 12.03.2025

Sr. No. MCLR Benchmark MCLR in (%)
1 Overnight MCLR 8.15
2 1 Month MCLR 8.35
3 3 Month MCLR 8.55
4 6 Month MCLR 8.80
5 1 Year MCLR 9.00

Base Rate(per Annum) effective from 12.01.2025 is 9.45% p.a.

BPLR effective from 12.01.2025 is 13.75 % p.a.

Historical data
  • Interest Rate linked to BRLLR
  • Interest Rate linked to MCLR
  • Interest Rate linked to Base Rate

Rate of Interest on various Retail Loans Linked with Baroda Repo Linked Lending Rate [BRLLR] w.e.f. 10.02.2025

In terms of guidelines issued by Reserve Bank of India regarding implementation of External Benchmark Based Lending rates. Bank has introduced Baroda Repo Linked Lending Rate (BRLLR) in respect of all Retail Lending products w.e.f 01.10.2019

RATE OF INTEREST ON VARIOUS LOANS LINKED WITH BARODA REPO LINKED LENDING RATE (BRLLR)- w.e.f. 10.02.2025

For Retail Loans applicable BRLLR is 8.90% w.e.f. 10.02.2025 (Current RBI Repo Rate: 6.25% + MarkUp/Base Spread 2.65%).

Please contact your base branch for conversion of Rate of Interest from MCLR to BRLLR

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All types of loans
  • Home Loan
  • Baroda Mortgage Loan
  • Baroda Education Loan
  • Baroda Auto Loan
  • Baroda Advance Against Securities
  • Baroda Personal Loan
  • Baroda Loan To Pensioners
  • Baroda Loan for Subscription to Public Issue/IPO
  • Loan/OD Against Banks Own Deposits (LABOD/ODBOD)
  • Baroda Loan Against Future Rent Receivables
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Home Loan

Floating Rate:

Product Conditions Repo Rate + Spread Effective Rate of Interest
Baroda Home Loan to Non-Staff members
Conditions
For Salaried*
Repo Rate + Spread

BRLLR – 0.75% to BRLLR + 1.45%
Effective Rate of Interest
0.00%
Conditions
For Non-Salaried*
Repo Rate + Spread
BRLLR – 0.75% to BRLLR + 1.45%
Effective Rate of Interest
0.00%
Baroda Home Improvement Loan to Non-Staff members
Conditions
For Salaried*
Repo Rate + Spread

BRLLR – 0.75% to BRLLR + 1.45%

Effective Rate of Interest
0.00%
Conditions
For Non-Salaried*
Repo Rate + Spread
BRLLR – 0.75% to BRLLR + 1.45%
Effective Rate of Interest
0.00%
Baroda Max Savings Home Loan – Upto Rs.75 lakhs
Conditions
For Salaried*
Repo Rate + Spread

BRLLR – 0.75% to BRLLR + 1.45%
Effective Rate of Interest
0.00%
Conditions
For Non-Salaried*
Repo Rate + Spread

BRLLR – 0.75% to BRLLR + 1.45%

Effective Rate of Interest
0.00%
Baroda Max Savings Home Loan – Above Rs.75 lakhs
Conditions
For Salaried*
Repo Rate + Spread

BRLLR – 0.50% to BRLLR + 1.70%

Effective Rate of Interest
0.00%
Conditions
For Non-Salaried*
Repo Rate + Spread

BRLLR – 0.50% to BRLLR + 1.70%

Effective Rate of Interest
0.00%
Baroda CRE Home Loan
Conditions
For Salaried*
Repo Rate + Spread

BRLLR – 0.50% to BRLLR + 1.70%

Effective Rate of Interest
0.00%
Conditions
For Non-Salaried*
Repo Rate + Spread

BRLLR – 0.50% to BRLLR + 1.70%

Effective Rate of Interest
0.00%
Baroda CRE Home Loan (Max Savings) - Upto Rs.75 lakhs
Conditions
For Salaried*
Repo Rate + Spread

BRLLR – 0.50% to BRLLR + 1.70%

Effective Rate of Interest
0.00%
Conditions
For Non-Salaried*
Repo Rate + Spread

BRLLR – 0.50% to BRLLR + 1.70%
Effective Rate of Interest
0.00%
Baroda CRE Home Loan (Max Savings) - Above Rs.75 lakhs
Conditions
For Salaried*
Repo Rate + Spread

BRLLR – 0.25% to BRLLR + 1.95%

Effective Rate of Interest
0.00%
Conditions
For Non-Salaried*
Repo Rate + Spread

BRLLR – 0.25% to BRLLR + 1.95%

Effective Rate of Interest
0.00%
Baroda Top Up Loan
Conditions
For Salaried* & Non-Salaried
Repo Rate + Spread
Applicable ROI on linked Home Loan (Based on BRLLR on the date of availment of Top up Loan) + Strategic Premium (0.25%) + 0.60%
Effective Rate of Interest

* Note:

  • Rate of Interest is dependent upon Loan limit and CIBIL Score of the applicant/s.
  • Risk Premium of 0.05% will be levied for customers not obtaining credit insurance cover

Fixed Rate:

Product Conditions Repo Rate + Spread Effective Rate of Interest
Baroda Home Loan to Non-Staff members
Conditions
For Salaried*
Repo Rate + Spread

BRLLR + 1.00% to BRLLR + 2.35%
Effective Rate of Interest
0.00%
Conditions
For Non-Salaried*
Repo Rate + Spread
BRLLR + 1.10% to BRLLR + 2.45%
Effective Rate of Interest
0.00%
Baroda Home Improvement Loan to Non-Staff members
Conditions
For Salaried*
Repo Rate + Spread

BRLLR + 1.00% to BRLLR + 2.35%

Effective Rate of Interest
0.00%
Conditions
For Non-Salaried*
Repo Rate + Spread
BRLLR + 1.10% to BRLLR + 2.45%
Effective Rate of Interest
0.00%
Baroda Max Savings Home Loan – Upto Rs.75 lakhs
Conditions
For Salaried*
Repo Rate + Spread

BRLLR + 1.00% to BRLLR + 2.35%
Effective Rate of Interest
0.00%
Conditions
For Non-Salaried*
Repo Rate + Spread

BRLLR + 1.10% to BRLLR + 2.45%

Effective Rate of Interest
0.00%
Baroda Max Savings Home Loan – Above Rs.75 lakhs
Conditions
For Salaried*
Repo Rate + Spread

BRLLR + 1.25% to BRLLR + 2.60%
Effective Rate of Interest
0.00%
Conditions
For Non-Salaried*
Repo Rate + Spread

BRLLR + 1.35% to BRLLR + 2.70%

Effective Rate of Interest
0.00%
Baroda CRE Home Loan
Conditions
For Salaried*
Repo Rate + Spread

BRLLR + 1.25% to BRLLR + 2.60%
Effective Rate of Interest
0.00%
Conditions
For Non-Salaried*
Repo Rate + Spread

BRLLR + 1.35% to BRLLR + 2.70%

Effective Rate of Interest
0.00%
Baroda CRE Home Loan (Max Savings) - Upto Rs.75 lakhs
Conditions
For Salaried*
Repo Rate + Spread

BRLLR + 1.25% to BRLLR + 2.60%
Effective Rate of Interest
0.00%
Conditions
For Non-Salaried*
Repo Rate + Spread

BRLLR + 1.35% to BRLLR + 2.70%
Effective Rate of Interest
0.00%
Baroda CRE Home Loan (Max Savings) - Above Rs.75 lakhs
Conditions
For Salaried*
Repo Rate + Spread

BRLLR + 1.50% to BRLLR + 2.85%
Effective Rate of Interest
0.00%
Conditions
For Non-Salaried*
Repo Rate + Spread

BRLLR + 1.60% to BRLLR + 2.95%

Effective Rate of Interest
0.00%
Baroda Top Up Loan
Conditions
For Salaried* & Non-Salaried
Repo Rate + Spread
Applicable Fixed ROI on Linked Home Loan + Strategic Premium (0.25%) + 0.60%
Effective Rate of Interest

* Note:

  • *Risk premium of 0.05% will be applicable over the rate in case of borrower not opting GCLI.
  • *The concessional rate of interest allowed by the Bank from time to time will be applicable for borrowers enjoying credit facilities under floating rate only.
  • *Rate of Interest is dependent on CIBIL Score of applicant.
Baroda Mortgage Loan
Baroda Education Loan
Baroda Auto Loan
Baroda Advance Against Securities
Baroda Personal Loan
Baroda Loan To Pensioners
Baroda Loan for Subscription to Public Issue/IPO
Loan/OD Against Banks Own Deposits (LABOD/ODBOD)
Baroda Loan Against Future Rent Receivables
Retail Gold Loan

Rate of Interest for Retail Loans based on Marginal Cost of Funds Based Lending Rate (MCLR) w.e.f. 01.04.2016.

In terms of RBI guidelines, effective from 01.04.2016, pricing of all rupee loans and advances linked to Marginal Cost of Funds Based Lending Rate (MCLR).

Rate of Interest under all Retail Loans are linked to 1 year MCLR from 1st April, 2016.

Existing borrowers of the Bank shall have an option to switch over from Base Rate system to interest rates linked to MCLR (other than Fixed Rate Loans). Borrowers willing to switch over to the MCLR based interest rate may contact the respective branch.

Sr. No. Product Rate of Interest linked with MCLR
1 Baroda Home Loan &
Baroda Home Improvement Loan		 One year MCLR to One year MCLR +1.00% (As per Risk Rating of the applicant/s.)
Baroda Max Savings Home Loan Upto Rs 75.00 Lacs : Normal Home Loan Rate Above Rs 75.00 Lacs: 0.25% over Normal Home Loan Rate
Baroda CRE Home Loan 0.25% over Normal Home Loan Rate
Baroda CRE Home Loan (Max Savings) Upto Rs 75Lacs : 0.25% over Normal Home Loan Rate
Above Rs 75 Lacs : 0.50% over Normal Home Loan Rate
Baroda Top Up Loan (Resident/NRIs/PIOs0) Applicable ROI on Home Loan + Strategic Premium + 0.50%
Note: Additional Risk Premium @ 0.05% over and above applicable rate of interest on all variants of Home Loans including Top Up Loans. However, this additional Risk Premium can be waived as an incentive to the borrower who provide credit insurance cover for the loan for entire tenure of the loan.
2 Baroda Mortgage Loan
Tenor upto 120 Months
Rate of Interest		 Tenor above 120 Months
Rate of Interest
One year MCLR +Strategic Premium+0.95% to
One year MCLR+ Strategic Premium+3.50%		 One year MCLR +Strategic Premium+1.20% to
One year MCLR+ Strategic Premium+3.75%
3 Baroda Mortgage Loan – Non Individuals
Security Margin Tenor upto 120 Months
Rate of Interest		 Tenor above 120 Months
Rate of Interest
Up to 50% MCLR + Strategic Premium + 1.45%  MCLR + Strategic Premium + 1.70% 
Above 50% MCLR + Strategic Premium + 1.70%  MCLR + Strategic Premium + 1.95%
4 Baroda Traders Gold Card Scheme 50 bps over applicable ROI on the sanctioned Overdraft facility under Baroda Traders Loon
5 Baroda Auto Loan

Fixed Rate: (For Floating Rate; kindly visit 'Interest Rate linked to BRLLR' section.)

Product Conditions Repo Rate + Spread Effective Rate of Interest
Car Loan
Conditions
Electric Vehicles
Repo Rate + Spread
1 Year MCLR to 1year MCLR+2.25%
Effective Rate of Interest
0.00%
Conditions
New Car
Repo Rate + Spread
1 Year MCLR+0.05% to 1year MCLR+2.50%
Effective Rate of Interest
0.00%
Conditions
Pre Owned Car
Repo Rate + Spread
1 Year MCLR+SP+2.90% to 1year MCLR+SP+5.65%
Effective Rate of Interest
0.00%
Digital Car Loan
Conditions
New Car
Repo Rate + Spread
1 Year MCLR+0.05% to 1year MCLR+ 0.90%
Effective Rate of Interest
0.00%
Two Wheeler Loan
Conditions
Repo Rate + Spread
1 Year MCLR+SP+4.65%
Effective Rate of Interest
0.00%
Conditions
Staff/Ex-Staff
Repo Rate + Spread
1 Year MCLR +SP+ 0.40%
Effective Rate of Interest
0.00%
6 Baroda Loan Against future Rent Receivables For Landlords of BOB Branch Premises
One Year MCLR+ Strategic Premium+1.25%
For others
One Year MCLR+ Strategic Premium+3.25%
7 Baroda Personal Loan
ProductConditionsRepo Rate + SpreadEffective Rate of Interest
Baroda Personal LoanGovt Employees / defence personnel maintaining salary account with our Bank under scheme code SB 182 & 186Linked with CIBIL Score of the individual, ranges from 1 YEAR MCLR + S.P. + 2.00% to 1 YEAR MCLR + SP + 2.50%From 11.25% to 11.75%
Gold: Employees of Central / State Govt. / PSUs / Autonomous Bodies/ Listed Public Limited Company having external rating "A" & above / Joint Sector Undertakings, & Educational Institutions of National Repute, having salary account with Bank of BarodaLinked with CIBIL Score of the individual, ranges from 1 YEAR MCLR + S.P. + 2.25% to 1 YEAR MCLR + S.P. + 5.10%From 11.50% to 14.35%
Category C: Silver : Same target customers as mentioned in Gold Category, having salary account with other BankLinked with CIBIL Score of the individual, ranges from 1 YEAR MCLR + S.P. + 2.75% to 1 YEAR MCLR + S.P. + 5.10%From 12.00% to 14.35%
Category B : (Employee of Private / Public, Trust, LLP, Insurance Agent, Self Employed Professional and business persons) having account relationship with our BankLinked with CIBIL Score of the individual, ranges from 1 YEAR MCLR + S.P. + 3.80% to 1 YEAR MCLR + S.P. + 6.05%From 13.05% to 15.30%
Category A :(Employee of Private / Public, Trust, LLP, Insurance Agent, Self Employed Professional and business persons) having account relationship with other BankLinked with CIBIL Score of the individual, ranges from 1 YEAR MCLR + S.P. + 5.75% to 1 YEAR MCLR + S.P. + 9.05%From 15.00% to 18.30%

Rate of Interest for Retail Loans linked to Base Rate


Base Rate(per Annum) effective from 12.10.2024 9.40% p.a
Baroda Home Loan to Individuals / NRIs / PIOs

Baroda Home Improvement Loan

  • Base Rate + 2.50%

Baroda Additional Assured Advance (AAA) (Resident / NRIs / PIOs)

  • Base Rate + 1.50%

Baroda Mortgage Loan

  • Base Rate + 3.25%

Baroda Traders Loan (irrespective of loan limit/OD/TL)

  • Base Rate + 2.00%

Baroda Loan to Doctors

Upto Rs.2.00 lacs Base Rate + 3.00%
Above Rs.2.00 lacs Base Rate + 2.50%

Baroda Salary Advantage Savings Account

  • Base Rate + 5.50%

Baroda Loan Against Future Rent Receivables

  • Base Rate + 3.25%

Loan against FCNR (B) Deposits:- (w.e.f. 19.07.2010)

Sr. No. Loans/Overdrafts interest structure
1 For Self Base Rate plus 100 bps
2 For Third Party
(i) Up to Rs. 2 Lacs Base Rate plus 100 bps
(ii) Above Rs. 2 Lacs
(a) For Personal Purpose Base Rate plus 300 bps
(b) For Business purposes Base Rate plus 400 bps

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