According to Bank of Baroda, the bank has offered a discount of 0.25 percent in the rates of home loan auto loan. Apart from discounting the rates, the bank is also giving a discount in the processing fee of the home loan.
New Delhi: Bank of Baroda has made home loan and auto loan cheaper. In view of the coming festive season, Bank of Baroda has cut interest rates. Earlier, SBI had also announced a reduction in the rates of home loans and autos to the customers.
Bank Of Baroda Home Loan, Auto Get Cheaper
Banks are flooding with offers as soon as the festive season begins. According to Bank of Baroda, the bank has offered a discount of 0.25 percent in the rates of home loan auto loan. Apart from discounting the rates, the bank is also giving a discount in the processing fee of the home loan. Now home loan rates will start from 6.75 percent and car loan rates from 7 percent.
Processing fee waived
In a statement issued by Bank of Baroda, it has been said that for speedy processing and door step services, customers can visit bob world / mobile banking or the bank’s website, where their applications can be approved immediately. Giving information about the revision in the rates of home and car loans, HT Solanki, GM, Mortgage and Other Retail Assets of the bank said that this discount offer in loan rates has been brought keeping in mind the festive season. We intend to bring joy to our existing customers as well as offer attractive Home and Car Loans to new customers of the Bank. They will definitely benefit from reduction in loan rates and waiver of processing fees.
SBI has also made home loan, auto loan cheaper
Earlier, the country’s largest bank, State Bank of India (SBI) had also announced to reduce home loan interest rates in view of the festive season. SBI has offered to provide credit score linked home loan at the rate of 6.70 percent. Regardless of the loan amount. That is, all the customers taking a home can now get a home loan at a minimum rate of 6.70 percent. Earlier, interest at the rate of 7.15 percent was being paid on loans above Rs 75 lakh from SBI.
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