One of India s top public sector banks, Bank of Baroda (BoB), announced today a slash in home loan interest rates by 40 basis points (bps) to 8.50% per annum.
One of the leading public sector lenders Bank of Baroda (BoB) has announced an interest rate reduction on home loans by 25 bps for a limited time period.
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Bank of Baroda reduces home loan interest rate to 6.75%, car loan interest rate to 7%
Bank of Baroda, India s third largest public sector bank, on Monday reduced Baroda Repo Linked Lending Rate (BRLLR) from 6.85 per cent to 6.75 per cent, effective from March 15.
The cut is expected to impact all categories of loans offered by the bank. As all retail loans are linked to BRLLR (external benchmark-repo linked rate), customers availing home loans, mortgage loans, car loans, education loans, personal loans and all other retail loan products can avail of this benefit.
With this revision in BRLLR, home loan rates start at 6.75 per cent and car loan rates at 7 per cent, mortgage loan at 7.95 per cent and education loans at 6.75 per cent.