Baroda Home Improvement loan

Bank of Baroda (Kenya) Ltd. is offering Home Improvement Loan under the basket of Home Loan solution available for individuals aspiring to upgrade / improve the existing house.

Purpose of the Loan:

  • For repair / renovation / improvement/ extension of existing house
  • Purchase of furniture / fixture / other gadgets such as fans, geysers, air conditioners, water filters, air purifiers, heaters, desert coolers etc.



  • All existing housing loan customers of the bank.
  • Age of borrower plus tenure of the BHIL should not exceed 70 years of age or retirement age (in case of salaried person), whichever is earlier.
  • A margin of 25% of project cost (estimated cost of repairing/ renovation/ cost of furniture/ fixture etc)


Loan Amount:

  • Minimum Kshs.500,000/- & maximum up to Kshs.10,000,000/-(Available in USD also)
  • (With the provision that loan component for furniture/ fixtures/ other gadgets should not exceed Kshs. 3,000,000/-).
  • Rate of Interest CBR+4%



  • By Equated Monthly Installments (EMIs).Up to maximum – 72- EMIs.(For furniture and Fixture)
  • By Equated Monthly Installments (EMIs).Up to maximum – 120- EMIs.(For New improvement and renovations)

(Should not exceed the maturity date of the existing Home Loan account).


  • The BHIL facility is also available for the Home Loan accounts transferred from other Financial institutions.
  • For security, the extension of existing legal charge of the house already created, is required.
  • This facility can be availed as many as -3- times during the entire tenure of Home Loan, subject to full settlement of previous BHIL.
  • Third party costs viz: Valuation fees, Legal costs &property Insurance costs etc. are to be borne by the borrower.