Calculate your exact interest savings, reduced tenure, and part-prepayment amortization for Bank of Baroda Regular & Baroda Advantage Home Loans.
Interactive breakdown of balance, interest, and prepayment impact
| Period | EMI Paid | Principal Paid | Extra Prepayment | Interest Paid | Total Payment | Remaining Balance |
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Bank of Baroda prices home loans against the Baroda Repo Linked Lending Rate (BRLLR). Because BRLLR adjustments immediately update your interest rate, strategic prepayments help insulate your finances against repo rate hikes.
No. Bank of Baroda levies 0% prepayment penalty and foreclosure charges for individual floating-rate home loan borrowers as mandated by RBI.
Baroda Home Loan Advantage is an overdraft facility linked to your savings/current account. Any surplus funds parked in the account reduce the effective principal on which interest is calculated, saving lakhs in interest while maintaining instant liquidity.
Part prepayments can be initiated online via the bob World mobile app or Baroda Connect Internet Banking. You can also visit your Home Branch with a cheque/DD.