On Thursday, the Bank of Baroda announced loan proposals for the holiday season, during which it waived house and car loan rates.
BoB (Bank of Baroda) said it will give a 25-point waiver on the current home and car loans, and a waiver of home loans fees.
Now Bank of Baroda waived off processing fees on the home loan.
At 6.75 %, house loan rates will begin and 7.00 % will car loans.
New BOB Interest Rates
|Home Loan||6.75% Per annum|
|Car Loan||7.00% Per annum|
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Bank of Baroda now offering reduces the interest rate on this festival season. This offer is available for new & existing BOB customers.
Also, BOB offering waived off processing fees on Car & Home loans.
State Bank of India has also made several seasonal offers to targeted consumers for house loans.
SBI is charging 6.7 percent compared with the previous 7.15 percent for new home credits of Rs 75 and more.
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New SBI Interest Rates
|Home Loan||6.70% Per annum|
Previously, a borrower who had a house loan of more than 75 lakh had to pay a 7.15% interest rate.
Also, New State Bank of India’s customers can borrow a home loan with a 6.70% rate of interest per annum.