BoB cuts home loan interest rates by 25 basis points to 8.25% for a limited period
One of India’s leading public sector banks, Bank of Baroda (BoB), today said that effective November 14, 2022, it has lowered its interest rates on home loans by 25 basis points (bps) at 8.25% per annum for a limited time. period. One of the most competitive and affordable home loan interest rates available to home borrowers right now. Until December 31, 2022, this advantageous rate is offered. The bank also waived 100% of the processing fee in addition to the 25 bps interest rate reduction. For balance transfers and new home loan applications, the new rate, which starts at 8.25% per annum, is available to borrowers. This special rate is linked to the borrower’s credit profile, the Bank of Baroda (BoB) said in a statement.