Looking to reduce your monthly EMIs or switch to a lower home loan interest rate? The Bank of Baroda Home Loan Balance Transfer lets you transfer your outstanding home loan from any other bank or housing finance company and benefit from competitive interest rates, zero hidden charges, and simple documentation.
Transferring your home loan to Bank of Baroda could help you save significantly over the loan tenure, making it a smart financial move for long-term homeownership.
Bank of Baroda (BoB) is one of India’s leading public sector banks, known for its transparent lending policies, customer-centric services, and cost-effective home loan products. If your current home loan interest rate feels too high or if you want better loan features, BoB’s balance transfer facility could be the ideal solution.
What is Home Loan Balance Transfer?
A home loan balance transfer means transferring the unpaid loan amount from your current lender to a new bank offering lower interest rates and better loan features. With Bank of Baroda, this transfer is seamless, fast, and financially beneficial, especially for those with a long remaining tenure.
Bank of Baroda Balance Transfer Eligibility
To qualify for a balance transfer to Bank of Baroda, you must meet the following criteria:
- Existing home loan with any scheduled bank, NBFC, or housing finance company
- Minimum 12 EMIs already paid on current loan
- Credit score of 700+ (preferred)
- Steady income (salaried or self-employed)
- Property must be legally and technically clear check Your Eligibility Now
Required Documents for Home Loan Transfer
Here’s a quick checklist of documents you’ll need:
Personal Documents:
- PAN Card & Aadhaar Card
- Passport-sized photographs
Income Proof:
- Salary slips (last 3 months) or ITR (last 2 years)
- Bank statement (6 months)
Property Documents:
Additional Features with BoB Balance Transfer
1. Top-Up Loan Facility
Need additional funds for home renovation, education, or emergencies? Bank of Baroda allows top-up loans along with your balance transfer at attractive rates.
2. Flexible Tenure Options
Choose repayment terms up to 30 years, depending on your financial goals.
3. Zero Prepayment Penalty
Make part-payments or close your loan early—without extra charges.
Is a Balance Transfer Right for You?
Here’s when you should consider transferring your home loan to Bank of Baroda:
- You're paying an interest rate higher than 9%
- You have 10+ years left in your loan tenure
- You need a top-up loan for personal needs
- You want to consolidate existing debts into a single loan
How to Apply for BoB Home Loan Balance Transfer
Transferring your home loan to Bank of Baroda is easier than you think:
Step 1: Check your loan eligibility online
Step 2: Submit your basic documents
Step 3: Get the balance confirmation letter from your current lender
Step 4: Bank of Baroda will verify and process your transfer
Step 5: Once approved, your existing loan is closed, and your new EMI begins with BoB Apply for Balance Transfer
Bank of Baroda Home Loan Balance Transfer – Interest Rates (2024–2025)
| Loan Category |
Applicable Interest Rate |
| Loan amount up to ₹30 lakhs |
6.85% – 7.35% p.a. |
| Loan amount between ₹31 lakhs – ₹75 lakhs |
6.85% – 7.35% p.a. |
| Loan amount above ₹75 lakhs |
6.85% – 7.35% p.a. |
| Women applicants (all loan slabs) |
6.85% – 7.35% p.a. |
Transfer to Bank of Baroda and Save Big
If you're currently paying a high EMI or are locked into an expensive home loan, now is the time to switch to a low-interest, flexible, and customer-friendly option with Bank of Baroda Home Loan Balance Transfer. You can save lakhs over time, reduce your monthly burden, and access additional funding—all with one smart financial move.