Taken from BoB Website on 25.08.

2018, Saturday

Interest Rates and Service Charges/fees

Marginal Cost of funds based Lending Rate (MCLR)

MCLR rate w.e.f from 07.08.2018

Sr. No. MCLR Benchmark MCLR in (%) w.e.f. 07.08.2018

1 Overnight MCLR 8.00
2 1 Month MCLR 8.05
3 3 Month MCLR 8.15
4 6 Month MCLR 8.35
5 1 year MCLR 8.50
Base Rate (per annum) w.e.f. 01.07.2018 9.25%
Our BPLR for all the existing accounts is 13.55% per annum w.e.f from 01.07.2018

Retail Loan
Rate of Interest for Retail Loans based on Marginal Cost of Funds Based Lending Rate (MCLR) w.e.f.
01.04.2016.

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.
Product Rate of Interest
No.
Baroda Home Loan & 
One year MCLR to One year MCLR +1.00% (As per Risk Rating
Baroda Home
of the applicant/s.)
Improvement Loan
1
Baroda Home Loan Upto Rs 75.00 Lacs : Normal Home Loan Rate
Advantage 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 Upto Rs 75Lacs : 0.25% over Normal Home Loan Rate 
(Advantage) Above Rs 75 Lacs : 0.50% over Normal Home Loan Rate
Baroda Top Up Loan
Applicable ROI on Home Loan + Strategic Premium + 0.50%
(Resident/NRIs/PIOs0)
Strategy Premium+0.95% 
2 Baroda Mortgage Loan
To One year MCLR+ Strategic Premium+3.50%
Security Margin Rate of Interest
MCLR + Strategic Premium +
Baroda Mortgage Loan – Up to 50%
3 1.45%
Non Individuals
MCLR + Strategic Premium +
Above 50%
1.70%
Baroda Traders Gold Card 50 bps over applicable ROI on the sanctioned Overdraft
4
Scheme facility under Baroda Traders Loon
Baroda Ashray (Reverse
5 One year MCLR + Strategic Premium + 1.75%
Mortgage Loan)
Baroda Traders Loan
The pricing is linked with Internal Risk Rating as under:
 For BTL-1 / BOB -1 to BTL-4 / BOB-4 rated accounts :
MCLR –one year + SP + 0.70%
6 Traders Loan-Irrespective
of loan limit / facility  For BTL-5 / BOB -5 & BTL-6 / BOB-6 rated accounts :
(OD / TL) MCLR -1 year + SP + 1.20%
 For below BTL-6 / BOB -6 rated accounts : MCLR –1
year + SP + 2.50%

Traders Loan to The pricing is linked with Internal Risk Rating as under:
Commission Agents
(Arthias)  For BTL-1 / BOB -1 to BTL-4 / BOB-4 rated accounts :
MCLR –one year + SP + 0.70%
 For BTL-5 / BOB -5 & BTL-6 / BOB-6 rated accounts :
MCLR -1 year + SP + 1.20%
Sr.
Product
No.
 For below BTL-6 / BOB -6 rated accounts : MCLR –1
7 Baroda Vidya (For School
Education from Nursery
to XII)
Baroda Gyan (For Higher
Studies in India)
Baroda Education Loan to
Students of Premier Upto Rs.7.50 Lacs : 1 year MCLR + 0.75% Spread ( Including
Institutions (For Studies
in India)(For Regular Above Rs.7.50 Lacs: 1 year MCLR
courses)
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)
Rate of Interest
year + SP + 2.50%
Baroda Vidya
1 year MCLR + Strategic Premium + 2.50%, 0.5% Concession
for girl students
Baroda Gyan
1 year MCLR+2.00% p.a. (Including SP) - Irrespective of Loan
Amount, 0.5% Concession for girl students.
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
SP)
+0.50% Spread ( Including
SP)
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.
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) 
Sr.
Product Rate of Interest
No.
Above Rs.7.50 Lacs: 1 year MCLR +1.25% Spread ( Including
SP) 
No special concession for girl students under this scheme.
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

Baroda Scholar(For loan amount).
Studies Abroad)(For
regular Courses) 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.
List of Specified Premier Institutions in Abroad
For Institutions specified in List of Premier Institutions : 

Baroda Scholar (For 1 year MCLR + 1.25% Spread (Including SP)– (Irrespective of
Studies Abroad)(For loan amount).
Executive development For Institutions not specified in List of Premier Institutions : 
Programm)
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)
Car Loan: 
From One year MCLR + Strategic Premium + 0.25% To One
year MCLR + Strategic Premium +2.00% (As per Risk Rating of
the applicant/s.)
8 Baroda Auto Loan
Car Loan to Corporate :
One year MCLR + Strategic Premium + 0.25%
Two Wheeler Loan : 
One year MCLR + Strategic Premium + 4.00%
9 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% 
Sr.
Product Rate of Interest
No.
or 0.75% over NSC / KVP, whichever is higher
Loan
Against Life Insurance One year MCLR + Strategic Premium + 3.50%
Policy / Relief Bonds Overdraft
One year MCLR + Strategic Premium + 4.00%
Advance Against Gold
Ornament / One year MCLR + Strategic Premium + 3.00%
Jewellery/Gold Coins
(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
Baroda Personal Loan having minimum -6- months account relationship with our
Bank : Ranging from One year MCLR+SP+3.00% to One year
10 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
One year MCLR + 3.25%
Deposit
Baroda Home Loan As applicable to Home Loan account for which funding of
Suraksha Personal Loan Insurance Premium amount
One year MCLR + Strategic Premium + 2.00% 
Baroda Loan To
11
Pensioners For Retired Bank of Baroda/ their Family pensioners: 
One year MCLR + Strategic Premium
Baroda Loan for
12 Subscription to Public One year MCLR + Strategic Premium + 3.75%
Issue/IPO
13 Loan/OD Against Banks Own Deposits (LABOD/ODBOD)
For Public/ Senior 1.00% over Interest Rate on Fixed Deposit
Citizen/Staff (against
Resident Deposits)
Sr.
Product Rate of Interest
No.
Advance Against the
1.00% over Deposit rate 
securities of third party
or One year MCLR + Strategic Premium + 0.25% whichever is
FDRs (against Resident
higher.
Deposits)-
For Landlords of BOB Branch Premises
Baroda Loan Against One Year MCLR+ Strategic Premium+1.25%
14
future Rent Receivables For others
One Year MCLR+ Strategic Premium+3.25%

Service Charges & Fees

Note : All services charges are exclusive of GST. W.e.f. 01.07.2017 GST at applicable rate i.e.
18.00% ( at present ) of service charges will be levied extra on these service charges.

General

Revised service charges excluding GST w.e.f.

Sr. No. AREA OF BANKING SERVICE
(APPLICABLE TO ALL ABOVE
SERVICES/ ACTIVITIES)
a) Postal  &
1. Telecommunication TARIFF
b) Courier Charges
Higher Service charges for
2.
non customers of the Bank.
3. Definition of Floor rates
28.04.2018
a) Ordinary Post – Actual, subject to Min. Rs. 15/-
b) Registered / Speed Post/courier – Actual, subject to
Min. Rs. 75/-
c) Fax - Actual, subject to Min Rs. 60/-.
Rs. 75- per instrument per occasion, unless otherwise
specified to the contrary.
For all banking services to non-customers of the Bank,
service charges shall be 50% higher than the floor
rates, across the board plus Taxes
Floor rates shall mean rates of service charges fixed by
our bank as detailed in this circular.

Mortgages & Retail Asset

Revised Service Charges Excluding GST

Sr. No. Particulars
w.e.f. 28.04.2018
1 Baroda Home Loan & Upto Rs.50 Lacs: 0.50% of Loan amount:
Baroda Home Minimum: Rs.7,500/- (Upfront)#
 Maximum: Rs.12,500/-
Above Rs.50 Lacs: 0.25% of Loan amount:
Minimum : Rs.7,500/- (upfront)#
Maximum: Rs.20,000/-

Improvement Loan
100% waiver of Processing Charges on all
variants of Home Loans and Baroda Top Up
Loans subject to recovery of out of pocket
expenses of Rs.7500+ GST and Rs.5000+GST
respectively.

0.25% of the loan amount 

Minimum: Rs. 5000/- (upfront)#
Maximum Rs. 12500/-

Baroda Top-up Loan 100% waiver of Processing Charges on all

 
variants of Home Loans and Baroda Top Up
Loans subject to recovery of out of pocket
expenses of Rs.7500+ GST and Rs.5000+GST
respectively.

Takeover of Home Loan Rs. 7500/- upfront#

 

Rs. 7500/- (Upfront)#

If the applicant submits the property
In principle approval for documents with in the validity period of pre-
  Home Loan approval letter, balance amount of unified
processing charges as applicable to Home Loan
only will be recovered.

2 Car loan 0.50% of Loan amount

Minimum: Rs.2,500/- 
Maximum Rs.10,000/-

Concessional Processing Charges upto

30.09.2018 
 For Loans upto Rs. 6.00 Lakhs: Flat processing
charges of Rs. 1,000.00 + GST 
For Loans above Rs. 6.00 Lakhs: Flat processing
charges of Rs. 1,500.00 + GST

Two Wheelers: 2% of Loan amount,

3 Two wheeler loan
Minimum Rs. 1000/-

Baroda Education Loan (Baroda Vidya, Baroda

Gyan, Baroda Scholar):
Study in India - Nil
Study Abroad - 1.00% of Loan amount
(maximum Rs.10,000/-) will be recovered
upfront which will be refundable on availment
(first disbursement) of loan.
Baroda Education Loan for students of Premier
Institutions (studies in India): 
4 Education Loan
Upto Rs. 10 Lacs : Nil
Above Rs. 10 Lacs : Nil
1. A non refundable Lump sum amount
Rs.7,500/- per property (towards Advocate and
Valuer charges) will be taken upfront in case of
all Education Loan accounts, wherever property
is mortgaged.
2. No Mortgage creation charges for all types of
Education Loans.

Skill Loan Scheme Nil

 

5 Mortgage Loan Loan: 

1% of Loan amount with maximum
Rs.1,50,000/- 
Minimum: Rs.7,500/- (upfront#)**
Over Draft:
Upto Rs.3.00 Crores: 0.35% of limit with
maximum: Rs.75,000/-

Baroda Mortgage Loan to
6
Non Individuals
7 Personal loan
8 Pensioner loan
9 Trader loan
Above Rs.3.00 Crores: 0.25% of the limit
without any maximum.
Minimum: Rs.7,500/- (upfront#)**
** The above charges considered as if only one
property is offered as security. If two or more
properties are offered as security, Rs.7,500/-
per additional property would be applicable as
upfront charges in addition to normal charges
as mentioned above.
Loan:
1% of Loan amount with maximum
Rs.l,5O,O0O/-
Minimum: Rs.7,500/- (upfront#)**. Balance
amount of processing
charges will be recovered of the time of
conveying sanction.
2% of Loan amount
Minimum: Rs.1000/-
Maximum: Rs.10,000/-
Pensioners/ Family Pensioners of our Bank (Ex-
Staff) : Nil
Others : Rs.1,000/-
(including Baroda Traders Gold Card scheme)
0.35% of Loan/OD amount without any
maximum.
Minimum: Rs.7,500/- (Upfront#)**
** The above charges considered as if only one
property is offered as security. If two or more
properties are offered as security, Rs.7,500/-
per additional property would be applicable as
 upfront charges in addition to normal changes
as mentioned above.

10 Loan to Doctors 0.35% Maximum Rs.15000/-

0.20% of Loan amount

Maximum Rs.10,000/- 
11 Reverse Mortgage Loan

Upfront Charges: Rs.7,500/-

Baroda Advance Against

12 0.50% of Loan Amount.
Gold Ornaments / Jewellery

Baroda Advance Against Rs. 500/- 

13
Securities (No other Charges)

Note:
The unified processing charges for Retail Loan include:
• Processing Charges
• Documentation charges
• Document Verification/ vetting charges
• Pre- Inspection (Contact Point Verification-CPV) charges
A
• One time post inspection charges
• Advocate charges for legal opinion
• Valuer charges for valuation (One time at the time of sanction)
• Bureau report charges
• CERSAI charges
• ITR Verification charges

B Mortgage creation charges as mentioned in service charges on advances

 will be recovered separately for Retail Loans, except Education Loans and
Home Loans (including Home Improvement Loan and Additional Assured
Advance –AAA).

No processing/ documentation charges for Loan/Overdraft against

C
bank’s own deposits.

No charges on Review / Renewal in case of Term Loan / Demand Loan

D
accounts.

E For Overdrafts accounts, processing charges are on per annum basis

F #Upfront fee is non- refundable and deposited with loan application

Advances – Mortgage Creation Charges

Mortgag Per borrowing entity with FB+NFB limits of

e
Creation
Charges
Amount of per borrower fund Mortgage Creation Charges
based facility Per Account

Up to Rs.10.00 lacs Rs.500/- per lac

Above Rs.10.00 lacs & up to

Rs.50.00 lacs Rs.5,000/-

Above Rs.50.00 lacs & up to

Rs.100.00 lacs Rs.10,000/-

Above Rs.100.00 lacs Rs.15,000/-

o The charge specified is applicable per instance irrespective of

the number of title deeds.
o The charges are applicable for extension of mortgage for
enhancement and for substitution of title deeds also.
The c harge is applicable for extension of equitable mortgage
recorded in favour of other lenders also.