Bank of Baroda Home loan: If you are also planning to take a loan to buy a house, then there is good news for you. The country’s public sector bank BoB (Bank of Baroda) has cut home loan today. The bank has cut interest rates by 0.25 percent. In view of the festive season, the bank has given this big relief to the customers. After this deduction, the rate of bank’s home loan (Bank of Baroda cuts home loan) has become 6.5 percent. Apart from customers taking new loans, the benefit of new interest rates will also be available to customers with home loans transferred from other banks.
Zero processing fee till 31st December
Let us tell you that the bank had given the facility of zero processing fee to the customers for the last several months. The bank has extended the last date of this offer to 31 December 2021. That is, you will not have to pay any processing fee for taking a home loan till December 31.
New rates came into effect from today
The bank was earlier providing home loan facility to the customers at the rate of 6.75 percent, which has been reduced by 25 basis points. The new interest rates of the bank have come into effect from today i.e. from October 7.
Many banks are giving home loans at the rate of 7 percent
Apart from this, let us tell you that many banks are offering home loan facility from 6.5 to 7 percent to the customers. Let us tell you which bank is offering home loan at what rate.
Check which bank is offering home loan at what rate-
- Bank of Baroda – 6.50 percent
- Kotak Mahindra Bank – 6.50 percent
- LIC Housing Finance Limited – 6.66 percent
- ICICI bank – 6.70 percent
- State Bank of India – 6.70 percent
- Punjab National Bank – 6.80 percent
Know what Solanki said
HT Solanki, GM – Mortgage & Other Retail Assets, Bank of Baroda on the announcement of reduction in home loan said that the bank always tries to keep the interest rates low on the services of home loans and other retail loans, So that more and more customers can fulfill their dreams by joining the bank. This year in the festive season, the bank has given the benefit of reduction in home loan to the customers.
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