Interest Rates and Service Charges

Repo Rate: 6.50%

Marginal Cost of funds based Lending Rate (MCLR)

MCLR rate w.e.f from 12.03.2023

Sr. No. MCLR Benchmark MCLR in (%)
1 Overnight MCLR 7.90
2 1 Month MCLR 8.20
3 3 Month MCLR 8.30
4 6 Month MCLR 8.40
5 1 Year MCLR 8.55

Base Rate (per annum) w.e.f. 12.01.2023 9.15% p.a

Our BPLR for all the existing accounts is 13.45% per annum w.e.f from 12.01.2023

  • 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. 14.02.2023

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. 14.02.2023

For Retail Loans applicable BRLLR is 9.15% w.e.f. 14.02.2023 (Current RBI Repo Rate: 6.50% + 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
Product Conditions Repo Rate + Spread Effective Rate of Interest
Baroda Home Loan to Non-Staff members
Conditions
For Salaried*
Repo Rate + Spread

BRLLR - 0.65% to BRLLR + 1.35%

Effective Rate of Interest
0.00%
Conditions
For Non-Salaried*
Repo Rate + Spread
BRLLR - 0.60% to BRLLR + 1.45%
Effective Rate of Interest
0.00%
Baroda Home Loan to Staff members
Conditions
Repo Rate + Spread

BRLLR

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

BRLLR - 0.65% to BRLLR + 1.35%

Effective Rate of Interest
0.00%
Conditions
For Non-Salaried*
Repo Rate + Spread
BRLLR - 0.60% to BRLLR + 1.45%
Effective Rate of Interest
0.00%
Baroda Home Improvement Loan to Staff members
Conditions
Repo Rate + Spread

BRLLR

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

BRLLR - 0.65% to BRLLR + 1.35%

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

BRLLR - 0.60% to BRLLR + 1.45%

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

BRLLR - 0.40 to BRLLR + 1.60%

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

BRLLR - 0.35% to BRLLR + 1.70%

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

BRLLR-0.40% to BRLLR + 1.60%

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

BRLLR - 0.35% to BRLLR + 1.70%

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

BRLLR - 0.40% to BRLLR + 1.60%

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

BRLLR – 0.35% to BRLLR + 1.70%

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

BRLLR - 0.15% to BRLLR + 1.85%

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

BRLLR - 0.10% 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
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 Home Loan Advantage 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 (Advantage) 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 Ashray (Reverse Mortgage Loan) One year MCLR + Strategic Premium + 1.75%
6 Baroda Vidya (For School Education from Nursery to XII) Baroda Vidya
1 year MCLR + Strategic Premium + 2.50%, 0.5% Concession for girl students
Baroda Gyan (For Higher Studies in India) Baroda Gyan
1 year MCLR+2.00% p.a. (Including SP) - Irrespective of Loan Amount, 0.5% Concession for girl students.
Baroda Education Loan to Students of Premier Institutions (For Studies in India)(For Regular courses) List-AA, A, B and C
For List-AA Institutions : 1 year MCLR
No special concession for girl students under this scheme.
For List A Institutions : 1 year MCLR
No special concession for girl students under this scheme.
For List-B Institutions
Upto Rs.7.50 Lacs : 1 year MCLR + 0.75% Spread ( Including SP)
Above Rs.7.50 Lacs: 1 year MCLR +0.50% Spread ( Including SP)
No special concession for girl students under this scheme.
For List-C Institutions
Rs.7.50 Lacs : 1 year MCLR + 1.50% Spread ( Including SP)
Above Rs.7.50 Lacs: 1 year MCLR +1.25% Spread ( Including SP)
No special concession for girl students under this scheme.
Baroda Education Loan to Students of Premier Institutions (For Studies in India)(For Executive Development Program) List-AA, A, B and C
For List-AA Institutions : 1 year MCLR
No special concession for girl students under this scheme.
For List A Institutions : 1 year MCLR
No special concession for girl students under this scheme.
For List-B Institutions
Upto Rs.7.50 Lacs : 1 year MCLR + 0.75% Spread ( Including SP)
Above Rs.7.50 Lacs: 1 year MCLR +0.50% Spread ( Including SP)
No special concession for girl students under this scheme.
For List-C Institutions
Upto Rs.7.50 Lacs : 1 year MCLR + 1.50% Spread ( Including SP)
Above Rs.7.50 Lacs: 1 year MCLR +1.25% Spread ( Including SP)
No special concession for girl students under this scheme.
Baroda Scholar(For Studies Abroad)(For regular Courses) List of Specified Premier Institutions in Abroad
For Institutions specified in List of Premier Institutions :

1 year MCLR + 1.25% Spread (Including SP)– (Irrespective of loan amount).
For Institutions not specified in List of Premier Institutions :

1 year MCLR + 2 % Spread (Including SP – Irrespective of loan amount).
0.50 % Concession for girl students.
Baroda Scholar (For Studies Abroad)(For Executive development Programm) List of Specified Premier Institutions in Abroad
For Institutions specified in List of Premier Institutions :

1 year MCLR + 1.25% Spread (Including SP)– (Irrespective of loan amount).
For Institutions not specified in List of Premier Institutions :

1 year MCLR + 2 % Spread (Including SP – Irrespective of loan amount).
0.50 % Concession for girl students.
Baroda Skill Loan Scheme 1 year MCLR + 1.50% spread (Including SP)
7 Baroda Auto Loan

Car Loan:
From One year MCLR + Strategic Premium + 0.25% To FROM BRLLR + SP + 0.25 TO BRLLR + SP + 3.25% (As per Risk Rating of the applicant/s.)

Car Loan to Corporate :
One year MCLR + Strategic Premium + 0.25%

Pre-Owned Car Loan:FROM BRLLR + SP + 2.50 TO BRLLR + SP + 5.50% (As per Risk Rating of the applicant/s.)

Two Wheeler Loan :
BRLLR + Strategic Premium + 4.25%
Staff/Ex-Staff (Car Loan/ Two wheeler Loan): BRLLR + SP
8 Baroda Advance Against Securities
Against NSC / KVP Loan One year MCLR + Strategic Premium + 3.50%
or 0.50% over NSC / KVP rate, whichever is higher
Overdraft One year MCLR + Strategic Premium + 4.00%
or 0.75% over NSC / KVP, whichever is higher
Against Life Insurance Policy / Relief Bonds Loan One year MCLR + Strategic Premium + 3.50%
Overdraft One year MCLR + Strategic Premium + 4.00%
Advance Against Gold Ornament/ Jewellery/ Gold Coins
Sector Sector  Above Rs. 3.00 Lakhs and up to Rs. 10.00 Lakhs  Above Rs. 10.00 Lakhs and up to Rs. 50.00 Lakhs 
Agri (Valid Up to 31.03.2023) 1 year MCLR 1 year MCLR 1 year MCLR
Other Priority 1 year MCLR+S.P  1 year MCLR+S.P+0.25%  1 year MCLR+S.P+0.50% 
9 Baroda Personal Loan

(A) ROI for employees of Central / State Govt., Autonomous Bodies, Public/ Joint Sector Undertakings & Educational Institutions with minimum continuous service for -1- year and having salary account with our Bank : Ranging from One year MCLR+SP+3.00% to One year MCLR +SP+6.00% (As per Risk Rating of the applicant/s.)

(B) ROI for all other cases not covered in Point (A) above and having minimum -6- months account relationship with our Bank : Ranging from One year MCLR+SP+3.00% to One year MCLR +SP+6.00% (As per Risk Rating of the applicant/s.)

(C) Other cases : i.e. for applicants having account relationship with other Bank at least for -6- months and not covered under Point (A) & Point (B) : Ranging from One year MCLR+SP+5.00% to One year MCLR +SP+8.00% (As per Risk Rating of the applicant/s.)
Loan for Earnest Money Deposit One year MCLR + 3.25%
Baroda Home Loan Suraksha Personal Loan As applicable to Home Loan account for which funding of Insurance Premium amount
10 Baroda Loan To Pensioners One year MCLR + Strategic Premium + 2.00%

For Retired Bank of Baroda/ their Family pensioners:
One year MCLR + Strategic Premium
11 Baroda Loan for Subscription to Public Issue/IPO One year MCLR + Strategic Premium + 3.75%
12 Loan/OD Against Banks Own Deposits (LABOD/ODBOD)
For Public/ Senior Citizen/Staff (against Resident Deposits) 1.00% over Interest Rate on Fixed Deposit
Advance Against the securities of third party FDRs
(against Resident Deposits)- 		1.00% over Deposit rate
or One year MCLR + Strategic Premium + 0.25% whichever is higher.
13 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%

Rate of Interest for Retail Loans linked to Base Rate


Base Rate (per annum) w.e.f. 12.01.2023 9.15% 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 Auto Loan

Baroda Car Loan/ Baroda Car Loan to HNIs / Corporate
Repayment period upto 5 years Base Rate + 0.25% (irrespective of tenure)
Repayment period > 5 years

Baroda Loan for Two Wheelers

  • Base Rate + 4.00%

Baroda Mortgage Loan

  • Base Rate + 3.25%

Baroda Ashray (Reverse Mortgage)

Fixed Rate Option Not Available
Floating Rate Option Base Rate + 1.75%

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 Education Loan (w.e.f. 01.10.2013)

Loans upto Rs.4.00 lacs Base Rate + 2.50%
Loans above Rs.4.00 lacs and upto Rs 7.50 lacs
Loans above Rs.7.50 lacs Base Rate + 1.75%
Baroda Education Loan to students of Premier Institutions
(No special concession for girl students under this scheme.)		 For List-A Institutions
Upto Rs.15.00 Lacs : Base Rate + 0.25%
Above Rs.15.00 Lacs : Base Rate .

For List-B Institutions
Upto Rs.7.50 Lacs : Base Rate + 0.75%
Above Rs.7.50 Lacs: Base Rate + 0.50%
Baroda Skill Loan Base Rate + 1.50%

No special concession for girl students under this scheme.

**0.50% concession in ROI to Education Loans sanctioned for the benefit of girl student.

Baroda Career Development

  • Base Rate + 2.75%

Baroda Advance Against Securities

A Against NSC/KVP Loan: Base Rate + 3.50% or 0.50% over NSC / KVP rate, whichever is higher
Overdraft: Base Rate + 4.00% or 0.750% over NSC / KVP rate, whichever is higher
B Life Insurance Policy / Relief Bonds Loan: Base Rate + 3.50%
Overdraft: Base Rate + 4.00%

Baroda Personal Loan

  • Base Rate + 4.50%

Except for following Purpose

  • Loan to Pensioners: Base Rate + 4.50%
  • Loan to Defence Pensioners: Base Rate + 4.50%
  • Loan for Earnest Money Deposit: Base Rate + 3.25%

Baroda Salary Advantage Savings Account

  • Base Rate + 5.50%

Baroda Loan Against Future Rent Receivables

  • Base Rate + 3.25%

Loan against Bank's own Deposit (LABOD) - For advances below Rs. 1 Crore (w.e.f 01.08.2013)

Category Loan to depositor Loan to third party
Domestic (Public) 1.00% over deposit rate 1% over deposit rate or 0.25% above Base Rate, whichever is higher.
Senior Citizens 1.00% over deposit rate Not applicable

# Maximum loan amount subject to current RBI/FEMA guidelines.

Loan against Bank's own Deposit (LABOD) - For advances of Rs. 1 Crore and above(w.e.f 01.08.2013)

Category Loan to depositor Loan to third party
Domestic (Public) 1.00% over deposit rate 1.00% over deposit rate or 0.25% above Base Rate, whichever is higher.

Loan against NRE Term Deposits:- (w.e.f. 03.09.2013)

Sr. No. Loans/Overdrafts Revised interest structure
1 For Self 1.00% over the interest rate on NRE Term Deposit
2 For Third Party 1.00% over the interest rate on NRE Term Deposit or Base Rate +0.25% whichever is higher

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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