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Bank of Baroda (BOB) Home Loan EMI Calculator

Loan Amount

Interest rate




Loan Duration


1 Yr

30 Yrs



Principal Amount


Total Payable

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What is the BOB Home Loan EMI Calculator?

The BOB (Bank of Baroda) home loan EMI calculator is an indispensable tool that can simplify your planning process for a home loan. This online tool enables you to calculate your home loan's EMI effortlessly. You can quickly determine the monthly EMI amount you'll need to pay by inputting the desired loan amount and the loan tenure.

This online calculator allows you to assess the affordability of your home loan, enabling you to plan your finances effectively. With its user-friendly interface and precise calculations, the online BOB home loan EMI calculator eliminates any guesswork, ensuring transparency and clarity throughout the loan process.

You can leverage the power of the BOB home loan EMI calculator to make informed decisions and embark on your homeownership journey with confidence.

How Does the BOB Home Loan EMI Calculator Work?

A home loan EMI calculator helps you estimate your monthly instalments based on the loan amount, interest rate, and tenure. By inputting these details, you can quickly calculate the EMI amount you must pay on your home loan. This home loan EMI calculator eliminates manual calculations and provides accurate figures to plan your budget.

What is the BOB Home Loan EMI Calculator Formula?

The BOB home loan EMI calculator formula is as follows:

EMI = [P x R x (1+R)^N]/[(1+R)^N-1]


P is the principal amount

R is the applicable interest rate

N is the repayment term or duration

How to Use the Online BOB Home Loan EMI Calculator?

Using the online BOB home loan EMI calculator on Angel One is a breeze. Follow the simple steps below.

  • Visit Angel One and navigate to the BOB home loan EMI calculator.
  • Enter the loan amount you wish to borrow from the bank. 
  • Adjust the interest rate slider or enter manually.
  • Input the loan tenure in years.

The BOB home loan EMI calculator will quickly display your home loan EMI.

To compare different loan scenarios, tweak the inputs and recalculate to explore various options.

Here’s an example to help you better understand the calculation.

Imagine you are considering a home loan amounting to Rs. 25,00,000 for 15 years, with an annual interest rate of 13%. By using the BOB home loan EMI calculator and inputting these details, you will obtain the following results: Your EMIs will amount to Rs. 31,631. The total amount payable over the loan tenure will be Rs. 56,93,590, with interest amounting to Rs. 31,93,590.

Benefits of Using the BOB Home Loan EMI Calculator

Here are the primary benefits of using the BOB home loan EMI calculator:

  • Simplify your financial planning: Angel One's BOB home loan EMI calculator simplifies complex calculations, providing you with a clear understanding of your monthly repayments. You can analyse different loan amounts, interest rates, and tenures to find the optimal repayment plan.
  • Accurate and instant results: Accuracy matters, and you can trust the results with Angel One's online BOB home loan EMI calculator. Receive precise calculations instantly, eliminating any guesswork. This reliable tool provides a clear picture of your financial commitments and helps you make well-informed home loan decisions.
  • Tailor-made repayment strategies: Every individual has different financial aspirations. The BOB home loan EMI calculator allows you to customise your repayment strategy based on your preferences and financial capabilities. Adjust the loan tenure or the principal amount to explore various scenarios and find the perfect balance between affordability and tenure.
  • Real-time comparison and decision-making: Making the right choice is crucial for a home loan. Angel One's online BOB home loan EMI calculator lets you compare different loan options based on interest rates and repayment terms.
Factors Influencing the BOB Home Loan EMI Amount

Listed below are the primary factors influencing the home loan EMI amount:

  • Interest rate: A higher interest rate will result in a higher EMI, while a lower interest rate will lead to a more affordable EMI. 
  • Loan amount: A higher loan amount will result in a larger EMI, whereas a lower loan amount will lead to a smaller EMI.
  • Loan tenure: A longer tenure will result in a lower EMI, but you will pay more interest over time. Conversely, a shorter tenure will lead to a higher EMI, but you will repay the loan faster and pay less interest.
  • Down payment: A larger down payment reduces the loan amount, leading to a lower EMI. On the other hand, a smaller down payment increases the loan amount and, subsequently, the EMI.
  • Credit score: Your credit score is crucial in determining the interest rate you receive on your home loan. A higher credit score can help you secure a lower interest rate, resulting in a more affordable EMI.
Types of Home Loans Offered by BOB

BOB offers the following types of home loans:

  • Baroda Home Loan

Depending on the property's location, it offers a maximum loan amount of Rs. 10 crores per unit. You can receive up to 90% of the property's cost for newly constructed houses or flats at low-interest rates. The loan term can extend to 30 years but will be within the retirement age or 65 years—no pre-payment charges.

  • Baroda Home Loan Advantage

Baroda Home Loan Advantage links your home loan and a savings bank account. The savings bank account's interest rate is zero, allowing you to benefit from maximum interest reduction on your home loan. By depositing all your savings into the linked savings bank account, any credit balance is credited towards your home loan at the end of the day. This scheme enables you to optimise your savings and enjoy reduced interest on your home loan based on your daily outstanding credit balance in your savings bank account.

  • Home Improvement Loan

BOB offers a Home Improvement Loan that caters to both resident and non-resident individuals, whether salaried or self-employed. You can avail of this loan up to a maximum limit of Rs. 50 lakhs, provided you meet the eligibility criteria. The loan allows for a moratorium period of up to 6 months, during which no payments are required. The overall tenure of the Home Improvement Loan, including the moratorium period, can extend up to 15 years. It's important to note that the house mortgaged with the bank must be insured.

  • Baroda Pre-Approved Home Loan

This loan option is open to both Resident Indians and Non-Resident Indians (NRIs) who hold Indian passports, as well as Persons of Indian origin (PIOs) holding foreign passports or Overseas Citizens of India (OCI). The loan amount you can avail of is determined based on your income, total deductions and obligations, and the cost of the house you intend to purchase. An equitable mortgage of the property to be financed is required to secure the loan.


What is the BOB home loan EMI calculator?

The online BOB home loan EMI calculator helps you determine your monthly instalment. It's a useful tool for planning your finances. You must enter the loan amount, interest rate, and tenure to calculate the EMI amount.

How to use the online BOB home loan EMI calculator?

To use the home loan EMI calculator, visit Angel One and locate the BOB home loan EMI calculator. Input the loan amount, interest rate, and tenure. The calculator will yield the EMI amount.

Is the BOB home loan EMI calculator free to use?

Yes, the BOB home loan EMI calculator is free to use. You can access it on Angel One without any charges.

How is the total interest of the BOB home loan calculated?

The total interest of a home loan is calculated based on factors such as the loan amount, interest rate, and tenure. Generally, it is calculated using the reducing balance method. It means the interest is charged on the outstanding loan, which decreases with each EMI payment. The longer the tenure, the higher the total interest paid.

Is there a penalty on the prepayment of the BOB home loan?

The prepayment penalty on a home loan depends on the terms and conditions the lender sets. Some lenders may charge a penalty for prepaying the loan before the agreed-upon tenure. It's important to check your loan agreement to understand if there is a penalty and the specific terms associated with prepayment.

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Equity Delivery

Enjoy Zero Brokerage on Equity Delivery

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