Baroda Top-Up Loan
If you already have a home loan with the Bank of Baroda and require extra funds for renovation, education, medical expenses, or consolidating debt, the Baroda Top-Up Loan is your ideal solution. With competitive interest rates, flexible repayment options, and no prepayment charges, you can tap extra liquidity without upsetting your current home loan. Apply through NoBroker for a seamless, hassle-free experience and expert advice at each step.
Baroda Top-Up Loan
Already have a home loan with Bank of Baroda and require additional funds? Whether it is for home renovation, funding your child’s education, paying for medical bills, or debt consolidation, the Baroda Top-Up Loan provides an easy, affordable solution.
With low interest rates, flexible tenor, and no hidden fees, this top-up facility is tailored to suit your changing financial requirements—without disturbing your ongoing home loan. And now, applying through NoBroker makes the whole process easier and quicker, with expert guidance at every stage.
Why Choose the Baroda Top-Up Loan?
Here’s why thousands of home loan borrowers opt for a Baroda Top-Up Loan:
| Benefit | Description |
| Low Interest Rates | Attractive rates, linked to existing home loan interest |
| No Prepayment Penalty | Repay early without any additional charges |
| Flexible Loan Tenure | Repayment term based on your age and financial profile |
| Use Funds Freely | Use for education, renovation, business, medical bills – no restrictions |
| Insurance Benefits | Free personal accident insurance + optional life cover |
| Tax Benefits | Interest on top-up loans may be eligible for tax deductions (subject to use) |
What is the Baroda Top-Up Loan?
The Baroda Top-Up Loan is one more loan product available to current customers of home loans. The purpose of the top-up loan is to provide additional liquidity for personal or professional use, excluding any speculative or illegal purposes. Once your home loan is eligible for a top-up, you can choose to take one at any time.
The best part? You don’t need to mortgage a new property—the existing property acts as security.
Key Features of the Baroda Top-Up Loan
| Feature | Details |
| Interest Type | Linked to BRLLR + 0.25% strategic premium + 0.60% spread |
| Processing Fees | Waived for most applicants (based on channel and scheme) |
| Loan Tenure | Depends on your age; not linked to the remaining home loan tenure |
| EMI Type | Monthly installments on a daily reducing balance |
| Security | Extension of existing equitable mortgage |
| Income-Based EMI Cap | Capped at 40–75% of income for salaried, up to 80% for others |
| Insurance Cover | Free accident cover + optional group credit life insurance |
Who Can Apply? – Eligibility Criteria
The Baroda Top-Up Loan is open to:
- Existing home loan borrowers with the Bank of Baroda
- Resident Indians and Non-Resident Indians (NRIs) / PIOs / OCIs
- Staff and ex-staff members with public or staff home loans
- Borrowers with standard loan classification (i.e., regular EMIs, no defaults)
Minimum age: 21 years (18 for co-applicant)
Maximum age at loan maturity:
- 70 years for Resident Indians
- 65 years for NRIs/PIOs/OCIs
How Much Can You Borrow?
The Baroda Top-Up Loan amount is based on the amount of your home loan and the residual value of your property.
General Loan Limits:
- Minimum : ₹1 lakh
- Maximum : ₹10 crore
Combined LTV (Loan to Value) and Margin:
| Loan Amount | LTV Ratio (Home Loan + Top Up) | Margin Required |
| Up to ₹30 lakhs | 90% | 10% |
| ₹30 lakhs – ₹75 lakhs | 80% | 20% |
| Above ₹75 lakhs | 75% | 25% |
Interest Rates – What You’ll Pay
The interest rate on your Baroda top-up loan is tied to the same benchmark as your existing home loan, with a small additional margin.
| Borrower Type | Interest Rate |
| All Borrowers (Salaried & Self-employed) | BRLLR + Strategic Premium (0.25%) + 0.60% |
BRLLR is the Bank of Baroda’s Retail Lending Rate, which changes based on the repo rate.
Processing Charges – Waived for Most
Bank of Baroda offers a 100% waiver on processing charges under most scenarios, subject to recovery of out-of-pocket expenses:
| Application Channel | Charges Applicable |
| Takeover loans (non-DSA leads) | Nil (Login fee of ₹1,500 refunded after disbursement) |
| Approved project home loans (digital/non-digital) | ₹3,500 + GST only (per property) |
| Govt/PSU employees (non-DSA leads) | Nil (₹1,500 login fee refunded) |
| Non-digital channels (other) | ₹10,000 + GST (per property) |
| Digital channel (general) | ₹5,000 to ₹8,500 + GST (conditions apply) |
Repayment Tenure – Flexible & Customised
- Tenure is determined based on your age and repayment capacity, not on your remaining home loan tenure.
- If your home loan gets closed, your top-up loan continues until its maturity.
- However, no fresh top-up loan will be sanctioned after the home loan is closed.
- Repayment is done via EMIs; the first EMI is due one month after the first disbursement.
Existing top-up loans (erstwhile AAA scheme) must be closed within 4 years of closing the home loan.
Property Valuation Norms
Valuation of the mortgaged property is critical to determine your eligibility.
| Condition | Valuation Rule |
| Property bought within last 3 years | Use lower registered deed value or realizable value |
| Property older than 3 years | A fresh valuation report required |
| Takeover cases | Fresh valuation by a Bank-approved valuer is mandatory |
Documents Required
To apply for Baroda Top-Up Loan, you’ll need to submit:
- Identity & Address Proof (Aadhaar, PAN, Passport, etc.)
- Income Proof (Salary slips, ITRs, Form 16, Bank Statements)
- Existing home loan documents
- Property documents (if necessary for revaluation)
Insurance Coverage
Baroda Top-Up Loan comes with the following:
- Complimentary accidental death cover under the bank’s master policy
- Optional credit life insurance (borrower-paid)
- Compulsory property insurance (to be met by the borrower
MITC – Most Important Terms & Conditions
- Mortgaged property for your home loan would be security for the top-up loan.
- The loan is not allowed for speculative or illegal purposes.
- Total loan exposure (existing home loan + top-up) must be within the specified LTV limits.
- Loan eligibility is subject to satisfactory repayment history, CIBIL score, and income proof.
How to Apply for a Baroda Top-Up Loan From NoBroker
Applying for the Baroda Top-Up Loan is easy and hassle-free with NoBroker:
- Share your current home loan information with our advisor
- Get a free eligibility check and expert guidance.
- Upload your documents on our secure website.
- Track your application online.
- Get faster approvals and disbursals.
- Already have a NoBroker account? Login and apply in a few minutes!
Final Thoughts
The Baroda Top-Up Loan is the perfect financial safety net for homeowners who want to finance life’s big and small moments. With low interest rates, flexible repayment terms, and no extra charges, it’s one of the wisest decisions to tap the value of your current home loan.
And when you apply for a Baroda Top-Up Loan through NoBroker, you have expert assistance at each step—from documentation to disbursal.
