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Baroda Ashray (Reverse Mortgage Loan)

A reverse mortgage for Indian senior citizens aged above 60, secured by a fully self-occupied residential property. The page publishes + + 2.35%, a 15-year term that may extend during the borrowers' survival, a ₹1 crore inclusive-of-interest cap, monthly annuity payouts, property-insurance requirement and defined death/sale/aged-care repayment triggers.

Interest rateBRLLR + Strategic Premium + 2.35% spread. The page's 0.00% effective-rate widget is not a published customer rate and is not treated as APR.Maximum financeMaximum loan amount including interest over the loan tenure is ₹1 crore, subject to the value of the property.Maximum tenure15 years; the tenure may be extended until the borrowers' survival subject to advance property value.
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Quick eligibility check

Baroda Ashray (Reverse Mortgage Loan)

0 of 5 answered

Answer what you know. This guide compares your answers with the criteria published for this product; it is not an approval decision. Your answers stay on this device.

1Do you meet this requirement: Indian senior citizen above 60 years?

Published source: Eligibility

2Do you meet this requirement: Joint borrowers are allowed when one spouse is above 60 and the other is at least 55 at application?

Published source: Eligibility

3Do you meet this requirement: The borrower must own a residential house or flat in India in their own name and use it as a fully self-occupied permanent primary residence?

Published source: Eligibility

4Does your age meet this requirement: Indian senior citizen aged 60 or above?

5Do you meet this requirement: joint borrowers are allowed when one is 60 or above and the spouse is at least 55?

0 of 5 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 28 Sept 2026 · active
Offered byBank of Baroda

India; eligibility, branch and channel availability follow the official product terms

Key facts

What the official sources publish

Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.

Interest rateBRLLR + Strategic Premium + 2.35% spread. The page's 0.00% effective-rate widget is not a published customer rate and is not treated as APR.View source
The official rate row publishes + + 2.35%; the effective-rate widget is 0.00%.
Source
Baroda Ashray (Reverse Mortgage Loan)
Page / section
Interest rates & charges
Accessed
15 Sept 2026
Confidence
high
Open official source ↗
Maximum financeMaximum loan amount including interest over the loan tenure is ₹1 crore, subject to the value of the property.View source
The caps the amount inclusive of interest at ₹1 crore subject to property value.
Source
Baroda Ashray (Reverse Mortgage Loan)
Page / section
— Maximum Amount
Accessed
15 Sept 2026
Confidence
high
Open official source ↗
Maximum tenure15 years; the tenure may be extended until the borrowers' survival subject to advance property value.View source
The page states a 15-year tenure with possible extension subject to the property's advance value.
Source
Baroda Ashray (Reverse Mortgage Loan)
Page / section
Eligibility / Tenure
Accessed
21 Aug 2026
Confidence
high
Open official source ↗
EligibilityIndian senior citizen above 60 years. Joint borrowers are allowed when one spouse is above 60 and the other is at least 55 at application. The borrower must own a residential house or flat in India in their own name and use it as a fully self-occupied permanent primary residence.View source
The complete Eligibility section states age, spouse, ownership and primary-residence requirements.
Source
Baroda Ashray (Reverse Mortgage Loan)
Page / section
Eligibility
Accessed
15 Sept 2026
Confidence
high
Open official source ↗
Loan typeReverse mortgage loan that provides a cash-flow stream to an Indian senior citizen against a mortgage of the borrower's self-occupied residential property; the borrower continues to occupy the home while the bank pays the agreed annuity or other published payout.View source
The page describes Ashray as a reverse mortgage for senior citizens to supplement cash flow rather than a conventional loan.
Source
Baroda Ashray (Reverse Mortgage Loan)
Page / section
Overview; — What is meant by a reverse mortgage loan?
Accessed
15 Sept 2026
Confidence
high
Open official source ↗
Tenure15 years. The period may be extended until the borrowers' survival, subject to the advance value of the property.View source
The page publishes a 15-year period and possible extension subject to property advance value.
Source
Baroda Ashray (Reverse Mortgage Loan)
Page / section
Eligibility / Tenure;
Accessed
15 Sept 2026
Confidence
high
Open official source ↗
Processing fee0.20% of the loan amount, ₹8,500 upfront minimum and ₹10,000 maximum, excluding GST.Effective 1 Apr 2025View source
The current service-charge row lists 0.20%, ₹8,500 upfront and ₹10,000 maximum; the schedule excludes .
Source
Service Charges — Baroda Ashray
Page / section
Mortgage & Retail Asset processing — Baroda Ashray
Accessed
15 Sept 2026
Confidence
high
Open official source ↗
Fixed-rate prepayment charge1% plus GST of the outstanding amount for a fixed-rate Baroda Ashray loan.Effective 1 Apr 2025View source
The current schedule publishes 1% + of outstanding for fixed-rate Ashray.
Source
Service Charges — Baroda Ashray
Page / section
Pre-payment — Baroda Ashray
Accessed
15 Sept 2026
Confidence
high
Open official source ↗
Property requirementResidential house or flat in India owned in the applicant's name and used as a permanent primary residence, fully self-occupied. Commercial property is not accepted as security.View source
The page requires a primary self-occupied residential property and expressly excludes commercial property.
Source
Baroda Ashray (Reverse Mortgage Loan)
Page / section
Eligibility; Security
Accessed
15 Sept 2026
Confidence
high
Open official source ↗
SecuritySimple or equitable mortgage of the eligible residential property.View source
Security section.
Source
Baroda Ashray (Reverse Mortgage Loan)
Page / section
Security
Accessed
15 Sept 2026
Confidence
high
Open official source ↗
Property insuranceInsurance of the residential property mortgaged to the bank must be maintained regularly; the premium is borne by the borrower.View source
The page states the mortgaged residential property must be insured and the borrower bears the premium.
Source
Baroda Ashray (Reverse Mortgage Loan)
Page / section
Insurance
Accessed
15 Sept 2026
Confidence
high
Open official source ↗
Repayment triggerThe loan becomes due when the last surviving borrower dies, sells the home or permanently moves out for aged care to an institution or relatives. The borrower or estate has the first right to settle the loan and accumulated interest without sale; a reasonable 2-month period may be provided after a trigger.View source
The lists the death, sale and aged-care triggers and the first-right settlement process.
Source
Baroda Ashray (Reverse Mortgage Loan)
Page / section
— Repayment of Loan
Accessed
15 Sept 2026
Confidence
high
Open official source ↗
Payout structureThe page describes the product as a cash-flow supplement and its FAQ explains that a reverse mortgage pays the borrower a monthly income (annuity) instead of requiring monthly EMI payments.View source
The explains the monthly-income/annuity payout model.
Source
Baroda Ashray (Reverse Mortgage Loan)
Page / section
Overview; — What is meant by a reverse mortgage loan?
Accessed
15 Sept 2026
Confidence
high
Open official source ↗
Credit-score requirementThe official FAQ says credit score is not a criterion to apply for this reverse mortgage loan.View source
response: credit score is not a criterion to apply.
Source
Baroda Ashray (Reverse Mortgage Loan)
Page / section
— What credit score is needed for a reverse mortgage?
Accessed
15 Sept 2026
Confidence
high
Open official source ↗
Geographic limitsIndian senior citizen above 60 years. Joint borrowers are allowed when one spouse is above 60 and the other is at least 55 at application. The borrower must own a residential house or flat in India in their own name and use it as a fully self-occupied permanent primary residence.View source
The manually reviewed product record states: “Indian senior citizen above 60 years. Joint borrowers are allowed when one spouse is above 60 and the other is at least 55 at application. The borrower must own a residential house or flat in India in their own name and use it as a fully self-occupied permanent primary residence.”.
Source
Baroda Ashray (Reverse Mortgage Loan) — official product page
Page / section
Published product metadata
Accessed
15 Aug 2026
Confidence
high
Open official source ↗
BenchmarkBRLLR + Strategic Premium + 2View source
The manually reviewed product record states: “ + Strategic Premium + 2.35% spread. The page's 0.00% effective-rate widget is not a published customer rate and is not treated as .”.
Source
Baroda Ashray (Reverse Mortgage Loan) — official product page
Page / section
Published product metadata
Accessed
15 Aug 2026
Confidence
high
Open official source ↗

Benefits and features

  • Reverse mortgage designed for Indian senior citizens to supplement cash flow through an annuity against a self-occupied residential property.
  • A 15-year tenure is published, with possible extension during the borrowers' survival subject to the property's advance value.
  • Maximum loan amount, inclusive of interest over the tenure, is ₹1 crore subject to property value.
  • Joint borrowers are allowed when one spouse is at least 60 and the other is at least 55; the property must be the borrowers' permanent primary residence in India.
  • The page states that repayment is triggered when the last surviving borrower dies, sells the home or permanently moves out; property insurance is required and its premium is borne by the borrower.

Eligibility

  • Indian senior citizen aged 60 or above
  • joint borrowers are allowed when one is 60 or above and the spouse is at least 55
  • borrower must own and occupy a residential property in India as a primary residence.

Passing a listed condition does not mean the bank will approve an application.

Documents the bank lists

  • Not published: the official page's Documents Required section says Coming Soon.

Related official documents

Baroda Ashray Reverse Mortgage — official product pageofficial-product-page · current · accessed 29 Aug 2026
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Baroda Ashray (Reverse Mortgage Loan) — current official pageofficial-product-page · current; complete visible HTML page reviewed; document list marked Coming Soon by issuer · accessed 15 Sept 2026
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Baroda Ashray (Reverse Mortgage Loan) — current complete product-page reviewofficial-product-page · current; complete rendered page review · accessed 28 Sept 2026
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Service Charges — Baroda Ashrayofficial-service-charge-page · current schedule reviewed · accessed 15 Sept 2026
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Bank of Baroda loan APR auditofficial-product-pages-and-rate-table · current-at-review · accessed 29 Sept 2026
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Retail Loans Interest Rates — current BRLLR/MCLR benchmarks and pre-owned auto rate rowsofficial-rate-page · Current official schedule manually rechecked 2026-09-27; dedicated product-page range and GCLI wording conflict with this schedule · accessed 27 Sept 2026
↗
Service Charges — retail loan rate-conversion and auto-loan prepayment scheduleofficial-service-charge-page · Current official service-charge page manually rechecked 2026-09-27; schedule itself identifies effective date 2025-04-01 · accessed 27 Sept 2026
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Bank of Baroda Service Charges — advances against securities and Baroda Ashrayofficial-service-charge-schedule · current · accessed 29 Aug 2026
↗

Plan before applying

Try the numbers

Private, instant and based on the values you enter.

Try your numbers

Loan repayment estimate

See what the loan could cost each month. Move any slider to try a different amount, rate or repayment time.

One monthly payment₹21,696twenty-one thousand six hundred ninety-six rupees
Interest paid over the full loan₹27,06,939twenty-seven lakh six thousand nine hundred thirty-nine rupees
Everything you repay₹52,06,939fifty-two lakh six thousand nine hundred thirty-nine rupees

This is only an estimate, not a bank or insurer offer. The final amount can change because of taxes, fees, rate changes and provider rules.

Use the published table

Find the exact published value

Choose a table, then pick its row and column. This shows the exact entry published by the bank or insurer without making you scan every cell.

/ e- advance · Published rate / limitDemand/term: higher of 1.00% over rate or + + 1.50%; adds 0.25%

This value is copied from Bank of Baroda securities-backed loans and Baroda Ashray — published charges. Check the table notes before relying on it.

Source: Bank of Baroda Service Charges with linked current product pages · Advance Against Securities; Baroda Ashray processing and pre-payment charges Open official source ↗

Published tables

Complete rates, limits and schedules

Tables preserve every reviewed row and column from the cited official source.

Table 1 · 5 rows · 4 columnsBank of Baroda securities-backed loans and Baroda Ashray — published chargesThe current product-page facilities paired with the official Service Charges schedule.View tableHide table

Scroll sideways to view every column

Bank of Baroda securities-backed loans and Baroda Ashray — published charges
FacilityPublished rate / limitProcessing chargeFixed-rate prepayment
/ e- advanceDemand/term: higher of 1.00% over rate or + + 1.50%; adds 0.25%₹500 + 1% + of outstanding
Life-insurance-policy advanceDemand/term + + 1.50%; + + 1.75%₹500 + 1% + of outstanding
advanceDemand/term: higher of 1.00% over rate or + + 1.50%; adds 0.25%₹500 + 1% + of outstanding
Relief / Government Bond advanceDemand/term + + 1.50%; + + 1.75%₹500 + 1% + of outstanding
Baroda Ashray reverse mortgage + + 2.35%; 15-year published term0.20%; ₹8,500 upfront, maximum ₹10,000 + 1% + of outstanding for fixed-rate loan
  • The product pages' effective-rate widgets are placeholders (dash or 0.00%) and are not treated as . Variable-rate conversion charges are separate from fixed-rate prepayment charges.
Bank of Baroda Service Charges with linked current product pages · Advance Against Securities; Baroda Ashray processing and pre-payment charges · accessed 29 Aug 2026Open official source ↗
Table 2 · 12 rows · 2 columnsBaroda Ashray published termsTerms transcribed from the complete official reverse-mortgage page.View tableHide table

Scroll sideways to view every column

Baroda Ashray published terms
TopicPublished value
Eligible borrowerIndian senior citizen above 60; joint borrowers allowed when one is above 60 and spouse is at least 55.
PropertyResidential house or flat in India, owned in the borrower's name and used as the permanent primary residence; commercial property excluded.
SecuritySimple/equitable mortgage of the residential property.
Tenure15 years, extendable through the borrowers' survival subject to advance property value.
Maximum amount₹1 crore including interest over the loan tenure, subject to property value.
Rate formula + Strategic Premium + 2.35%; the displayed 0.00% widget is not an effective rate.
InsuranceResidential property insurance is to be maintained; premium is borne by the borrower.
Repayment triggerLast surviving borrower's death, sale of home or permanent move to institutional/family aged care; borrower/estate receives first right to settle.
DocumentsComing Soon on the reviewed page.
Processing fee0.20%; ₹8,500 upfront minimum and ₹10,000 maximum + (official Service Charges schedule).
Fixed-rate prepayment1% + of outstanding (official Service Charges schedule).
/ incomeNo separate or income threshold is published.
  • The 0.00% widget is not transcribed as a rate; no income threshold or scheduled early-closure charge is inferred.
Baroda Ashray Reverse Mortgage — official product page · Eligibility; Security; Tenure; Interest rates & charges; Documents Required; ; · accessed 29 Aug 2026Open official source ↗
Table 3 · 13 rows · 4 columnsBaroda Ashray reverse mortgage — published termsDecision-useful borrower, property, payout, limit, rate, tenure, trigger and fee terms.View tableHide table

Scroll sideways to view every column

Baroda Ashray reverse mortgage — published terms
SectionPublished termValue / thresholdNotes
BorrowerSenior citizenAbove 60 yearsJoint borrower spouse at least 55 years
PropertyResidential house or flatIndia; own name; fully self-occupied primary residenceCommercial property excluded
SecurityMortgageSimple or equitable mortgageEligible residential property
Maximum amountIncluding interestUp to ₹1 croreSubject to property value
PayoutReverse mortgageMonthly income / annuity modelBorrower continues to occupy home
TenurePublished period15 yearsMay extend until survival subject to property advance value
RateBenchmark-linked + Strategic Premium + 2.35%0.00% widget is not an effective rate
InsuranceProperty insuranceRequired; borrower bears premiumMortgaged residence
Repayment triggerDue and payableDeath, sale or permanent aged-care moveEstate/borrower first right; reasonable 2-month period
ProcessingService-charge schedule0.20%; ₹8,500 minimum upfront; ₹10,000 maximum + Effective 1 April 2025 schedule
Fixed-rate prepaymentService-charge schedule1% + of outstandingAshray-specific row
DocumentsIssuer statusComing SoonNo document list published on reviewed page
IncomeIssuer disclosureNo standalone income thresholdComparison cell remains blank
  • The product page does not publish or a minimum income amount; neither is inferred from the spread or property value.
  • The 0.00% effective-rate widget is excluded from the numeric rate.
  • Payout scheduling beyond the monthly-annuity description is not inferred.
Baroda Ashray (Reverse Mortgage Loan) — current official page · Eligibility; Security; Tenure; Insurance; Interest rates & charges; Documents Required; ; · accessed 15 Sept 2026Open official source ↗

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