URL copied Image Source : PTI (FILE)
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.
State-owned Bank of Baroda (BOB) on Monday cut its benchmark lending rate by 10 basis points to 6.75 per cent. The lender’s home loan rates now start at 6.75 per cent and for cars at seven per cent after the revision in the Baroda Repo Linked Lending Rate (BRLLR). it said in a statement. Mortgage loan rates start at 7.95 per cent and education loan rates start at 6.75 per cent. BOB stock was trading 1.23 per cent up at Rs 78.3 per share on BSE. The reduction in BRLLR makes loans more affordable for the customers, said Harshadkumar T. Solanki, the bank’s general manager for Mortgages and Other Retail Assets.
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
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 .
Bank of Baroda (BoB) has cut its lending rate from 6.85% to 6.75%.“All retail loans are linked to BRLLR (Baroda Repo Linked Lending Rate). Hence, customers availing home loan, mortgage loan, car loan,