Bank of Baroda home loan: If you are a customer of Bank of Baroda then happy for you. Banks have cut interest rates on home loans.
The new interest rate will be applicable to the customers taking a new home loan as well as those who transfer the loans taken from other banks to BOB.
Bank of Baroda Home Loan: If you are also a customer of Bank of Baroda, then there is good news for you. The bank has given a tremendous gift to its customers. Bank of Baroda (BoB) has reduced the interest rate on home loans from 6.75 per cent to 6.50 per cent per annum. That is, now the debt burden on the customers will be reduced further.
Bank gave information
But let us tell you that this reduction in interest has been done by the bank for a limited period only. The bank has given one information about this. The bank said that the new rate of interest on home loans will be applicable till June 30, 2022 and will also depend on the borrower’s status in the case of loan i.e. their CIBIL score.
6.50 percent interest will be available on home loan
According to information provided on our partner website, HT Solanki, General Manager (Home Loans and Other Retail Properties), BoB said, “We have been witnessing a boom in housing sales since the last few months. In the interest of customers, a special interest rate of 6.50 percent is offered for a limited period. Also, customers will not have to pay any processing fee.
According to the information given by the bank, the new interest rate will be applicable to customers taking new home loans as well as those who transfer loans taken from other banks to BOB. Not only this, the OR change will be available on all loan amount and only to customers having CIBIL score of 771 or more.
