Bank of Baroda Home Loan Prepayment Calculator
Illustrative floating rate reference, May 2026. Verify the latest Bank of Baroda home loan terms before acting. Use this page to estimate how recurring prepayments can reduce your total interest and shorten your tenure.
About the lender
Bank of Baroda
Bank of Baroda is one of India's largest public sector banks, formed through the merger of Bank of Baroda, Vijaya Bank, and Dena Bank in 2019. It is a major home loan lender with products spanning salaried, self-employed, NRI, and rural borrowers across India. Bank of Baroda home loans are linked to the Baroda Repo Linked Lending Rate (BRLLR), which resets with RBI repo rate changes at intervals stated in the sanction letter. BoB also offers the Baroda Home Advantage product, which includes an overdraft-style feature similar to SBI MaxGain, allowing borrowers to park surplus cash in the loan account to reduce effective interest. For prepayment, Bank of Baroda offers digital servicing through the BOB World app and net banking. Borrowers can also visit any BoB branch for prepayment requests. The bank applies the payment toward outstanding principal, and borrowers should confirm whether it reduces EMI or remaining tenure.
How to prepay your home loan – Bank of Baroda
Bank of Baroda offers home-loan prepayment through the BOB World mobile app, Bank of Baroda net banking, or any BoB branch. The digital channels have improved meaningfully since the 2019 BoB+Vijaya+Dena merger, but some legacy account types from the merged entities may still require branch servicing.
From BOB World: navigate to Loans → Home Loan → Part Payment. Confirm the source account, enter the amount, and select whether to reduce tenure or EMI. Bank of Baroda's system typically defaults to EMI reduction; explicitly select tenure reduction for maximum interest savings.
If you hold the Baroda Home Advantage product (BoB's overdraft-style home loan, similar to SBI MaxGain), you don't need a formal prepayment to gain interest savings — simply park surplus funds in the linked Home Advantage account and they immediately reduce daily interest accrual on the home-loan principal. You retain liquidity since you can withdraw the funds any time. For standard (non-overdraft) home loans, processing of a digital prepayment takes one to two business days, with the updated repayment schedule available in the app once posted. NRI borrowers should remit via NRE/NRO channels and notify the servicing branch for FEMA-compliant application.
Worked example
If you prepay ₹4,000 every month
Example assumes a ₹40,00,000 loan at 8.60% with 20 years remaining.
| Metric | Without prepayment | With ₹4,000/month extra |
|---|---|---|
| EMI | ₹34,967 | ₹38,967 |
| Total interest | ₹43,92,080 | ₹32,86,829 |
| Tenure | 20 years | 15 years 7 months |
| Interest saved | - | ₹11,05,251 |
| Time saved | - | 4 years 5 months |
Share a concrete savings example with another homeowner who might be overpaying interest.
Frequently asked questions
Bank of Baroda prepayment FAQs
Other banks
Compare prepayment for other lenders
Join thousands of smart borrowers
₹12.45L+
Interest Saved
500+
Active Users
30 sec
Avg Analysis Time