State run Bank of Baroda on Thursday reduced its home loan rates by 25 basis points (bps) to 6.5 per cent from 6.75 per cent.
On Thursday, Bank of Baroda joined the bandwagon of banks which reduced the home loan rates. It slashed home loan rates by 25 basis points (bps) to 6.5 per cent from 6.75 per cent.
The new loan rate will take effect on December 31, 2021, the bank said in a press release.
The new home loan rate is given to the customers who are applying for fresh home loans, loans transfers from other banks, or people who want to refinance their existing home loans.
General Manager (Mortgages and Other Retail Assets) H T Solanki said, “Our customers will get benefited from this offering in this festive season. With this reduced rate of interest, Bank of Baroda home loans is now offering the most competitive rates across categories for a limited period till December 31, 2021.”
The bank said that it is already offering no processing fees on home loans, and it has been extended till December 31, 2021.
Published by– PTI
