New Delhi: Following in the footsteps of State Bank of India (SBI), Bank of Baroda has also announced revision of interest rates for home loans and car loans. The state-owned bank has also announced a rebate of 0.25 per cent in the existing applicable rates for Baroda Home Loan and Baroda Car Loan.
With the latest revision in interest rates, borrowers can take home loans from Bank of Baroda at just 6.75 per cent, while car loan rates start at just 7 per cent per annum. The bank has also announced a waiver of processing fees on home loans.
HT Solanki, General Manager (mortgage and other retail assets), Bank of Baroda said that with the launch of these retail loan offers for this festive season, the bank intends to bring a festive atmosphere among the existing loyal customers.
“The bank will also offer attractive offers to new bank customers to take home loan and car loan,” Solanki said.
In addition, customers can also get instant approval for car and home loans. All they have to do is download the Bank of Baroda mobile app and apply for a home or car loan.
Ahead of Bank of Baroda, SBI announced several festive bonanza offers to make home and car loans more attractive to customers. The largest state-owned bank is now offering home loans at just 6.7% – the lowest in the industry. Read also: Sensex climbs over 400 points in early trade, Nifty above 17,700
SBI is also offering credit-based loans that do not differentiate between salaried and non-salaried individuals. Customers can also take home loans above Rs 75 lakh at just 6.70% interest rate. Read also: GST Council meeting today: Petrol will be sold at Rs 75 per liter? Will food delivery be expensive? here’s what you can expect
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