Festive Bonanza: Bank of Baroda cuts interest rates on home loans, auto loans by 0.25%
Public sector Bank of Baroda on Thursday introduced several festive offers for its retail borrowers. According to a release, the lender is offering a discount of 0.25 per cent on the existing applicable rates for Baroda Home Loan and Baroda Car Loan.
The bank’s home loan rates start at 6.75 per cent and car loan rates at 7 per cent. It has also waived off processing charges on home loans.
The Bank’s General Manager (Mortgage) said, “With the launch of these retail loan offers for this festive season, we intend to celebrate among our existing loyal customers and provide the Bank customers with a platform to avail Home Loans and Car Loans. Attractive offers as well.” and other retail assets) said HT Solanki.
Customers can apply for a home or car loan using the lender’s mobile banking application or its website for instant approval.
Earlier in the day, State Bank of India (SBI) announced various festive offers for potential home loan customers, including credit score-linked home loans starting at 6.70 per cent, irrespective of the loan amount.
Read also:Festive Bonanza: SBI announces home loan of any amount at 6.70%
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