Borrowing from Bank of Baroda is now cheaper, the bank has reduced the lending rate by 0.15% to 6.85%.
The new interest rate will be applicable from November 1, 2020
Bank of Baroda is the third largest government bank in the country
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Bank of Baroda on Saturday slashed the Baroda Repo Linked Lending Rate (BRLLR) by 7 per cent to 6.85 per cent. The interest rates on all the retail loans of the bank will automatically go down after the external benchmark repo linked rate is reduced. The new interest rate will be applicable from November 1, 2020.
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Consumers of home loans, mortgage loans, car loans, education loans, personal loans and all other retail loan products can take advantage of this reduction. Bank of Baroda is the third largest government bank in the country.a
The home loan rate will start from 6.85% and the car loan rate from 7.1%
Earlier, before the festive season began, the bank announced discounts on home loans and car loans. Now after the change in BRLLR, the home loan rate will start from 6.85 per cent. Similarly, car loans will start at 7.1 per cent, mortgage loans at 8.05 per cent and education loans at 6.85 per cent.
Customers can take advantage of this offer during the festive season
According to Harshad Kumar T Solanki, General Manager, Mortgage and Retail Assets at the bank, the decline in BRLLR has made our home loans, car loans, mortgage loans, education loans, personal loans and other retail loans attractive. Customers can take advantage of this offer this festive season.
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