Bank of Baroda (BoB) has cut its lending rate from 6.85% to 6.75%.
“All retail loans are linked to BRLLR (Baroda Repo Linked Lending Rate). Therefore, customers availing home loans, mortgage loans, car loans, education loans, personal loans and all other retail loan products can avail this benefit, ”the bank said in a statement. With this revision in the BRLLR, home loan rates now start at 6.75% and car loan rates at 7%. The bank said mortgage loan rates start at 7.95% and education loan rates from 6.75%.
Harshadkumar T. “This reduction makes our loans more affordable for customers,” said Solanki, GM, mortgage and other retail property.
“We hope that our efforts towards digital processes help customers get quick and smooth loans at the most competitive interest rates.”
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