Key facts
What the official sources publish
Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.
PurposeRepairs, renovation or improvement of an existing house/flat; purchase of furniture, fixtures, furnishings and gadgets such as fans, geysers, air-conditioners, water filters, air purifiers, heaters and desert coolers.View source
Repairs, renovation or improvement of an existing house/flat; purchase of furniture, fixtures, furnishings and gadgets such as fans, geysers, air-conditioners, water filters, air purifiers, heaters and desert coolers.
- Source
- Purpose
- Page / section
- Home Improvement Loan
- Accessed
- 21 Aug 2026
- Confidence
- high
Eligible borrowersResident and non-resident individuals, salaried or self-employed; HUFs are not eligible.View source
Resident and non-resident individuals, salaried or self-employed; are not eligible.
- Source
- Eligible borrowers
- Page / section
- Features / Eligibility
- Accessed
- 21 Aug 2026
- Confidence
- high
BenefitsFlexible spending, competitive rates, insurance cover, easy processing and minimal documentation.View source
Flexible spending, competitive rates, insurance cover, easy processing and minimal documentation.
- Source
- Benefits
- Page / section
- Home Improvement Loan
- Accessed
- 21 Aug 2026
- Confidence
- high
Maximum loan amountUp to ₹50 lakh subject to eligibility.View source
Up to ₹50 lakh subject to eligibility.
- Source
- Maximum loan amount
- Page / section
- Features
- Accessed
- 21 Aug 2026
- Confidence
- high
MoratoriumUp to 6 months with no EMI payment during the holiday.View source
Up to 6 months with no payment during the holiday.
- Source
- Moratorium
- Page / section
- Features
- Accessed
- 21 Aug 2026
- Confidence
- high
Maximum tenureUp to 15 years including the moratorium.View source
Up to 15 years including the moratorium.
- Source
- Maximum tenure
- Page / section
- Features
- Accessed
- 21 Aug 2026
- Confidence
- high
Rate basisFloating rate linked to BRLLR and reset monthly.View source
Floating rate linked to and reset monthly.
- Source
- Rate basis
- Page / section
- Features
- Accessed
- 21 Aug 2026
- Confidence
- high
Floating rateBRLLR −0.70% to BRLLR +1.05% for salaried and non-salaried non-staff applicants; rate depends on loan limit and CIBIL score. The page displays effective rate as 0.00%.View source
−0.70% to +1.05% for salaried and non-salaried non-staff applicants; rate depends on loan limit and score. The page displays effective rate as 0.00%.
- Source
- Floating rate
- Page / section
- Interest rates & charges
- Accessed
- 21 Aug 2026
- Confidence
- high
Credit-insurance pricingA 0.05% risk premium applies when credit insurance cover is not obtained.View source
A 0.05% risk premium applies when credit insurance cover is not obtained.
- Source
- Credit-insurance pricing
- Page / section
- Interest rates & charges
- Accessed
- 21 Aug 2026
- Confidence
- high
Processing feeUp to ₹50 lakh: 0.50% of loan amount, minimum ₹8,500 and maximum ₹15,000; above ₹50 lakh: 0.25%, minimum ₹8,500 and maximum ₹25,000; takeover flat ₹8,500. Charges exclude GST and include inspection, valuation and legal fees.Effective 1 Apr 2025View source
The schedule publishes the unified home and home-improvement processing slabs.
- Source
- Service Charges
- Page / section
- Mortgages & Retail Asset — Home Loan and Home Improvement Loan
- Accessed
- 12 Sept 2026
- Confidence
- high
Target groupResident Indians, NRIs with Indian passport, PIOs with foreign passport, OCIs and staff members under the public scheme.View source
Resident Indians, with Indian passport, with foreign passport, and staff members under the public scheme.
- Source
- Target group
- Page / section
- — Target Group
- Accessed
- 21 Aug 2026
- Confidence
- high
Borrower structureIndividuals may apply singly or jointly; HUFs are not eligible.View source
Individuals may apply singly or jointly; are not eligible.
- Source
- Borrower structure
- Page / section
- — Eligibility
- Accessed
- 21 Aug 2026
- Confidence
- high
Resident income conditionIncome-counted applicants should be employed or engaged in business/
Income-counted applicants should be employed or engaged in business/profession for at least 1 year if salaried or 2 years if non-salaried; service break up to 3 months may be allowed.
- Source
- Resident income condition
- Page / section
- — Resident Indian
- Accessed
- 21 Aug 2026
- Confidence
- high
NRI income conditionIncome-counted applicants need a reputed overseas job with a valid contract/
Income-counted applicants need a reputed overseas job with a valid contract/work permit for at least 2 years, or overseas employment/ self-employment/ business for at least 2 years.
- Source
- income condition
- Page / section
- — //
- Accessed
- 21 Aug 2026
- Confidence
- high
Margin/LTVThe official page applies the home-loan margin and LTV framework; the loan is secured against the improved property.View source
The official page applies the home-loan margin and framework; the loan is secured against the improved property.
- Source
- Margin/
- Page / section
- Accessed
- 21 Aug 2026
- Confidence
- high
SecurityMortgage of the improved house/flat under the home-loan security framework.View source
Mortgage of the improved house/flat under the home-loan security framework.
- Source
- Security
- Page / section
- Accessed
- 21 Aug 2026
- Confidence
- high
House insuranceThe mortgaged house must be insured; modalities follow the Home Loan scheme.View source
The mortgaged house must be insured; modalities follow the Home Loan scheme.
- Source
- House insurance
- Page / section
- Features
- Accessed
- 21 Aug 2026
- Confidence
- high
Pre-closureThe product follows the home-loan scheme’s no-prepayment-penalty treatment.View source
The product follows the home-loan scheme’s no-prepayment-penalty treatment.
- Source
- Pre-closure
- Page / section
- Features
- Accessed
- 21 Aug 2026
- Confidence
- high
DocumentsBasic Bank of Baroda home-loan documents are required, including KYC, income and property-related documents as applicable.View source
Basic Bank of Baroda home-loan documents are required, including , income and property-related documents as applicable.
- Source
- Documents
- Page / section
- Documents Required
- Accessed
- 21 Aug 2026
- Confidence
- high
Sales and marketing disclosureThe bank may use agents for sales and marketing of the product.View source
The bank may use agents for sales and marketing of the product.
- Source
- Sales and marketing disclosure
- Page / section
- Product overview
- Accessed
- 21 Aug 2026
- Confidence
- high
Home Improvement Loan eligibilityResident and non-resident individuals may apply, salaried or self-employed, singly or jointly; HUFs are not eligible. Resident income applicants need at least one year of salaried service or two years of non-salaried business/
The official Features, Eligibility and sections publish borrower, experience and income conditions.
- Source
- Home Improvement Loan
- Page / section
- Features / Eligibility /
- Accessed
- 23 Aug 2026
- Confidence
- high
Home Improvement Loan terms and rateThe loan finances repairs, renovation, improvement and furniture/
The official Features, Purpose and rate sections publish eligible uses, amount, moratorium, tenure and spread.
- Source
- Home Improvement Loan
- Page / section
- Features / Purpose / Interest rates & charges
- Accessed
- 23 Aug 2026
- Confidence
- high
Loan typeHome loanView source
The official product name identifies this as “Home Improvement Loan”.
- Source
- Home Improvement Loan — official product page
- Page / section
- Official product name and loan classification
- Accessed
- 21 Aug 2026
- Confidence
- high
BenchmarkBaroda Repo Linked Lending Rate (BRLLR), 7.90% p.a. effective 6 December 2025, composed of RBI repo 5.25% plus markup/
Retail is published as repo 5.25% plus markup/base spread 2.65%.
- Source
- Retail Loans Interest Rates
- Page / section
- benchmark
- Accessed
- 12 Sept 2026
- Confidence
- high
Prepayment / foreclosureNo prepayment penalty under the applicable Bank of Baroda home-loan treatment.View source
The page states that the product follows the home-loan scheme's no-prepayment-penalty treatment.
- Source
- Bank of Baroda Home Improvement Loan — rate basis and prepayment terms
- Page / section
- Prepayment / foreclosure; Home-loan terms
- Accessed
- 29 Aug 2026
- Confidence
- high
Interest rateFloating BRLLR −0.70% to BRLLR +1.05% for salaried and non-salaried non-staff applicants; fixed BRLLR +1.00% to +2.05% for salaried and BRLLR +1.10% to +2.05% for non-salaried. At the published BRLLR of 7.90%, floating is 7.20%–8.95% p.a.; fixed is 8.90%–9.95% and 9.00%–9.95% p.a. respectively.Effective 12 Sept 2026View source
The page publishes the spread ranges and 7.90%; numeric ranges are direct arithmetic results. Its 0.00% widgets are excluded.
- Source
- Retail Loans Interest Rates
- Page / section
- Home Loan — Floating Rate and Fixed Rate
- Accessed
- 12 Sept 2026
- Confidence
- high
Minimum incomeResident and non-resident individuals may apply, salaried or self-employed, singly or jointly; HUFs are not eligible. Resident income applicants need at least one year of salaried service or two years of non-salaried business/
The manually reviewed product record states: “Resident and non-resident individuals may apply, salaried or self-employed, singly or jointly; are not eligible. Resident income applicants need at least one year of salaried service or two years of non-salaried business/profession. / / income applicants generally need two years overseas employment/ business and gross annual income equivalent to ₹5 lakh.”.
- Source
- Home Improvement Loan — official product page
- Page / section
- Published product metadata
- Accessed
- 21 Aug 2026
- Confidence
- high
Benefits and features
- Flexible spending, competitive rates, insurance cover, easy processing and minimal documentation.
Eligibility
- Resident and non-resident individuals may apply, salaried or self-employed, singly or jointly
- are not eligible. Resident income applicants need at least one year of salaried service or two years of non-salaried business/
profession. / / income applicants generally need two years overseas employment/ business and gross annual income equivalent to ₹5 lakh.
Passing a listed condition does not mean the bank will approve an application.
Documents the bank lists
- and identity/address proof for applicant and co-applicant.
- Property ownership/title, approved plan, valuation and mortgage documents for the house/flat being improved.
- Income proof and bank statements for the resident or // applicant as applicable.
- House/property insurance documents under the home-loan security framework.
- The official page links the Bank of Baroda home-loan document checklist; no separate variant-only checklist is published.
Related official documents
Home Improvement Loan product pageproduct-page · current · accessed 21 Aug 2026
↗Bank of Baroda Home Improvement Loan — rate basis and prepayment termsofficial-product-page · current · accessed 29 Aug 2026
↗Bank of Baroda Retail Loans Interest Rates — current benchmarks and home-improvement rowsofficial-interest-rate-page · current · accessed 29 Aug 2026
↗Bank of Baroda loan APR auditofficial-product-pages-and-rate-table · current-at-review · accessed 29 Sept 2026
↗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
↗
