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Credit Risk Guarantee Fund Scheme for Low Income Housing

Credit Risk Guarantee Fund Scheme for Low Income Housing is an initiative from MH & UPA, GOI that provides guarantees to the lending institutions against home loans up to Rs 5.00 lakh to receivers in the / categories without requiring any third-party guarantee. Apply now!

Interest rateThe CRGFS page directs applicants to the retail-loan rate table. For the linked Baroda Home Loan non-staff floating band, BRLLR −0.70% to BRLLR +1.05% applies; with BRLLR 7.90% effective 06 December 2025, that is 7.20%–8.95% p.a. The sanctioned rate remains subject to the eligible-loan category and borrower risk pricing.Maximum amountHousing loan amount not exceeding ₹8 lakh per eligible EWS/LIG person; the dwelling must be up to 430 sq ft (40 sq m) carpet area and covered without collateral or third-party guarantee.Guarantee periodGuarantee cover runs for the agreed housing-loan tenure, capped at 25 years or the loan-termination date, whichever is earlier.
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Quick eligibility check

Credit Risk Guarantee Fund Scheme for Low Income Housing

0 of 8 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: New EWS/LIG urban borrowers?

Published source: Borrower and income eligibility

2Does your annual income meet this requirement: EWS household income up to ₹1 lakh a year and LIG income ₹1,00,001–₹2 lakh a year, subject to government revision?

Published source: Borrower and income eligibility

3Do you meet this requirement: Groups/housing societies need at least 20 eligible members?

Published source: Borrower and income eligibility

4Do you meet this product condition: New individual EWS/LIG urban borrowers may seek a housing loan up to ₹8 lakh for a dwelling up to 430 sq ft (40 sq m) carpet area without collateral or third-party guarantee?

5Does your annual income meet this requirement: EWS household income is up to ₹1 lakh per year?

6Document checkDo you have this required document or proof: EWS/LIG income evidence and the undertaking that no other housing loan/guarantee cover has been availed under the scheme?

Published source: Borrower and income eligibility

7Document checkDo you have this required document or proof: Property and housing-loan documents required under the linked Baroda Home Loan checklist?

Published source: Borrower and income eligibility

8Document checkDo you have this required document or proof: For a group/housing society application, evidence of at least 20 eligible members?

Published source: Borrower and income eligibility
0 of 8 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 30 Aug 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.

Borrower and income eligibilityNew EWS/LIG urban borrowers; EWS household income up to ₹1 lakh a year and LIG income ₹1,00,001–₹2 lakh a year, subject to government revision. Groups/housing societies need at least 20 eligible members.View source
The official page publishes / income bands, urban scope and the 20-member group condition.
Source
Credit Risk Guarantee Fund Scheme for Low Income Housing
Page / section
Features / Eligibility
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Eligible activityHome improvement, construction, acquisition and purchase of new or second-hand dwelling units; loans wholly or partly for renovation/repairs are excluded from guarantee cover.View source
The official eligibility section lists covered housing activities and excludes renovation/repairs-only loans.
Source
Credit Risk Guarantee Fund Scheme for Low Income Housing
Page / section
Eligibility — Eligible Activity
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Collateral / third-party guaranteeEligible housing loans up to ₹8 lakh are covered without collateral security or third-party guarantee; overlapping guarantee or insurance cover is excluded.View source
The official page describes collateral-free cover and the no-overlapping-cover undertaking.
Source
Credit Risk Guarantee Fund Scheme for Low Income Housing
Page / section
Introduction / Features / Eligibility
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Guarantee periodGuarantee cover runs for the agreed housing-loan tenure, capped at 25 years or the loan-termination date, whichever is earlier.View source
The official page publishes the 25-year maximum guarantee period.
Source
Credit Risk Guarantee Fund Scheme for Low Income Housing
Page / section
— Tenure of guarantee cover
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Processing feeLinked retail home-loan schedule: 50% of the applicable charge with minimum ₹8,500 and maximum ₹15,000 up to ₹50 lakh; 25% with minimum ₹8,500 and maximum ₹25,000 above ₹50 lakh. GST is extra; scheme-specific applicability follows sanction terms.Effective 1 Apr 2025View source
The linked retail schedule publishes the 50%/25% charge shares and caps; the page does not publish a separate conflicting tariff.
Source
Bank of Baroda service charges — Home Loan
Page / section
Home-loan processing schedule
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Loan typeHome loanView source
The official product name identifies this as “Credit Risk Guarantee Fund Scheme for Low Income Housing”.
Source
Credit Risk Guarantee Fund Scheme for Low Income Housing — official product page
Page / section
Official product name and loan classification
Accessed
15 Aug 2026
Confidence
high
Open official source ↗
Maximum housing loanHousing loan up to ₹8 lakh per eligible borrower; the page also describes a unit size up to 430 sq ft (40 sq m) carpet area.View source
The official page publishes the ₹8 lakh loan ceiling and 430 sq ft/40 sq m dwelling limit.
Source
Credit Risk Guarantee Fund Scheme for Low Income Housing
Page / section
Features / Eligibility
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Prepayment / foreclosureThe CRGFS product page does not state a separate prepayment or foreclosure amount. The linked Bank of Baroda fixed-rate home-loan schedule provides nil own-source prepayment and 0.50% on takeover by another lender, but the scheme page does not expressly confirm that fixed-rate schedule for CRGFS; applicability should be confirmed in the sanction terms.View source
The reviewed page contains eligibility and rate details but no separate prepayment line; the linked general schedule is recorded without assuming scheme applicability.
Source
Credit Risk Guarantee Fund Scheme for Low Income Housing
Page / section
Product page and linked fixed-rate home-loan schedule
Accessed
29 Aug 2026
Confidence
high
Open official source ↗
Interest rateThe CRGFS page directs applicants to the retail-loan rate table. For the linked Baroda Home Loan non-staff floating band, BRLLR −0.70% to BRLLR +1.05% applies; with BRLLR 7.90% effective 06 December 2025, that is 7.20%–8.95% p.a. The sanctioned rate remains subject to the eligible-loan category and borrower risk pricing.Effective 6 Dec 2025View source
The page links to the rate page; the current table publishes −0.70% to +1.05% for the Baroda Home Loan non-staff floating band and at 7.90%.
Source
Bank of Baroda Retail Loans Interest Rates
Page / section
benchmark; Baroda Home Loan floating-rate table
Accessed
29 Aug 2026
Confidence
high
Open official source ↗
Maximum amountHousing loan amount not exceeding ₹8 lakh per eligible EWS/LIG person; the dwelling must be up to 430 sq ft (40 sq m) carpet area and covered without collateral or third-party guarantee.View source
The page states that eligible individual housing loans do not exceed ₹8 lakh per person and the housing unit is limited to 430 sq ft (40 sq m) carpet area.
Source
Credit Risk Guarantee Fund Scheme for Low Income Housing — official page
Page / section
Eligibility and Eligible Activity
Accessed
29 Aug 2026
Confidence
high
Open official source ↗
BenchmarkBank of Baroda says BRLLR applies to all retail lending products. The current page lists BRLLR at 7.90% (repo 5.25% + markup/base spread 2.65%) effective 6 December 2025 and 1-year MCLR at 8.75% effective 12 August 2026. Product-specific spreads, CIBIL pricing and scheme conditions determine the applicable rate.Effective 12 Aug 2026View source
The page states that was introduced for all retail lending products and gives the current , repo-plus-spread composition and reference. It does not state that one single spread applies to every product.
Source
Bank of Baroda Retail Loans Interest Rates
Page / section
benchmark; benchmark; retail loan rate tables
Accessed
29 Aug 2026
Confidence
high
Open official source ↗
Geographic limitsNew EWS/LIG urban borrowers; EWS household income up to ₹1 lakh a year and LIG income ₹1,00,001–₹2 lakh a year, subject to government revision. Groups/housing societies need at least 20 eligible members.View source
The manually reviewed product record states: “New / urban borrowers; household income up to ₹1 lakh a year and income ₹1,00,001–₹2 lakh a year, subject to government revision. Groups/housing societies need at least 20 eligible members.”.
Source
Credit Risk Guarantee Fund Scheme for Low Income Housing — official product page
Page / section
Published product metadata
Accessed
15 Aug 2026
Confidence
high
Open official source ↗
Minimum incomeNew EWS/LIG urban borrowers; EWS household income up to ₹1 lakh a year and LIG income ₹1,00,001–₹2 lakh a year, subject to government revision. Groups/housing societies need at least 20 eligible members.View source
The manually reviewed product record states: “New / urban borrowers; household income up to ₹1 lakh a year and income ₹1,00,001–₹2 lakh a year, subject to government revision. Groups/housing societies need at least 20 eligible members.”.
Source
Credit Risk Guarantee Fund Scheme for Low Income Housing — official product page
Page / section
Published product metadata
Accessed
15 Aug 2026
Confidence
high
Open official source ↗

Benefits and features

  • Government-backed National Housing Bank guarantee cover for eligible low-income urban housing loans.
  • Collateral-free and third-party-guarantee-free cover for qualifying loans up to ₹8 lakh.
  • Cover applies to construction, purchase/acquisition of new or second-hand homes and eligible home improvement.

Eligibility

  • New individual / urban borrowers may seek a housing loan up to ₹8 lakh for a dwelling up to 430 sq ft (40 sq m) carpet area without collateral or third-party guarantee.
  • household income is up to ₹1 lakh per year; income is ₹1,00,001–₹2 lakh per year, subject to government revision.
  • A group or housing society of at least 20 eligible members may also qualify; the borrower must undertake that no overlapping guarantee/insurance cover has been taken.
  • Loans wholly or partly for renovation/repairs are not eligible for guarantee cover.

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

Documents the bank lists

  • / income evidence and the undertaking that no other housing loan/guarantee cover has been availed under the scheme.
  • Property and housing-loan documents required under the linked Baroda Home Loan checklist.
  • For a group/housing society application, evidence of at least 20 eligible members.

Related official documents

Bank of Baroda Retail Loans Interest Rates — current BRLLR and MCLR referencesofficial-interest-rate-page · current · accessed 29 Aug 2026
↗
Credit Risk Guarantee Fund Scheme for Low Income Housing — official pageofficial-product-page · current · accessed 29 Aug 2026
↗
Credit Risk Guarantee Fund Scheme for Low Income Housingofficial-product-page · current · accessed 29 Aug 2026
↗
Bank of Baroda Retail Loans Interest Ratesofficial-interest-rate-page · current · accessed 29 Aug 2026
↗
Bank of Baroda service charges — retail processing and prepayment scheduleofficial-service-charge-page · current · accessed 29 Aug 2026
↗
Bank of Baroda loan APR auditofficial-product-pages-and-rate-table · current-at-review · accessed 29 Sept 2026
↗

Plan before applying

Try the numbers

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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.

interest-rate link · Published treatmentUse the retail-loan rate table

This value is copied from linked retail rate reference. Check the table notes before relying on it.

Source: Credit Risk Guarantee Fund Scheme for Low Income Housing · Interest rates & charges; Home Loan Calculator Open official source ↗

Published tables

Complete rates, limits and schedules

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

Table 1 · 2 rows · 3 columnsCRGFS linked retail rate referenceThe CRGFS page's linked interest-rate treatment and the current BRLLR spread used for the scheme's home-loan category.View tableHide table

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CRGFS linked retail rate reference
ReferencePublished treatmentEffective rate
interest-rate linkUse the retail-loan rate tableProduct-specific
Baroda Home Loan non-staff floating band −0.70% to +1.05%7.20%–8.95% p.a. at 7.90%
  • The 7.20% calculator default is an example input, not a universal sanctioned rate.
Credit Risk Guarantee Fund Scheme for Low Income Housing · Interest rates & charges; Home Loan Calculator · accessed 29 Aug 2026Open official source ↗
Table 2 · 2 rows · 3 columnsHome-loan limit and repayment terms — published valuesProduct-specific terms preserved from the respective BOB pages.View tableHide table

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Home-loan limit and repayment terms — published values
ProductPublished maximum / limitPublished tenure
Home Loan to Corporates / Non IndividualsMaximum as per Baroda Home Loan schedule; no separate corporate ceiling printedFresh: 15 years including moratorium; takeover: same as existing lender
Credit Risk Guarantee Fund Scheme₹8 lakh per eligible / person; dwelling up to 430 sq ft (40 sq m)Guarantee cover through agreed housing-loan tenure, maximum 25 years or loan termination
  • The linked general Home Loan states up to ₹10 crore per unit for an individual applicant; this is not substituted for a separate corporate limit.
Home Loan corporate and pages — official terms · — Loan Limit, Repayment Period and eligibility · accessed 29 Aug 2026Open official source ↗
Table 3 · 3 rows · 4 columnsBank of Baroda retail-lending benchmark referenceCurrent benchmark values and effective dates from the official retail-loans rate page.View tableHide table

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Bank of Baroda retail-lending benchmark reference
ReferencePublished valueEffective dateUse
7.90% = repo 5.25% + markup/base spread 2.65%6 December 2025Benchmark for retail lending; product-specific spread and risk pricing still apply.
1-year 8.75%12 August 2026Reference used by products or fixed/legacy pricing that expressly links to .
Base rate9.45%12 May 2025Reference where a product's published terms expressly use Base Rate.
  • The page says covers retail lending products but also shows product-specific spread tables; the benchmark is not itself the final customer rate.
Bank of Baroda Retail Loans Interest Rates · benchmark; benchmark · effective 12 Aug 2026 · accessed 29 Aug 2026Open official source ↗
Table 4 · 7 rows · 2 columnsCRGFS — published housing guarantee criteriaComplete key rows transcribed from the CRGFS page.View tableHide table

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CRGFS — published housing guarantee criteria
TermPublished detail
Loan ceilingUp to ₹8 lakh per person
Dwelling sizeUp to 430 sq ft (40 sq m) carpet area
Income bands up to ₹1 lakh/year; ₹1,00,001–₹2 lakh/year
Group routeHousing society/group of at least 20 eligible members
Guarantee periodLoan tenure up to 25 years or termination, whichever is earlier
SecurityNo collateral or third-party guarantee for covered loans
Covered activityHome improvement, construction, acquisition, new/second-hand dwelling; renovation/repairs-only excluded
  • Income bands are subject to government revision.
Credit Risk Guarantee Fund Scheme for Low Income Housing · Introduction; Features; Eligibility; · accessed 30 Aug 2026Open official source ↗

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