Bank of Baroda reduces home loan interest rates to 8.25% for limited period
   Date :17-Nov-2022

Bank of Baroda 
 
 
 
Business Bureau
Bank of Baroda (BoB), one of India’s leading public sector banks, recently announced that it is reducing its home loan interest rates by 25 basis points (bps) to 8.25% pa with effect from November 14, 2022 for a limited period.
This is one of the lowest and most competitive home loan interest rates in the industry. This special rate is available till December 31, 2022. In addition to the 25 bps discount on the rate of interest, the bank is also waiving off processing charges.
The new rate beginning at 8.25% pa is available for borrowers applying for fresh home loans as well as on balance transfers. This rate is linked to a borrowers credit profile.
H T Solanki, General Manager-Mortgages and Other Retail Assets, Bank of Baroda said, “In a scenario where interest rates are on an upward trajectory, we are pleased to drop our home loan interest rates and introduce a special limited period home loan interest rate offer of 8.25%, making home purchases affordable for home buyers. We have seen a robust growth in home loans this year with consumer confidence driving home sales. Such an attractive offer on home loans will give boost as people take advantage of this offer to realise their aspiration of owning their own homes.”