Bank of Baroda Reduces Home Loan Rate to 8.50%

Bank of Baroda Reduces Home Loan Rate to 8.50% and MSME loan interest rate to 8.40%. The home loan interest rates is reduced by 40 basis points (bps) to 8.5 per cent to overcome the competition. The effective rate are valid for a limited period till March 31, 2023. With this bank of Baroda is having the lowest interest rate on home loan among all the public sector banks in India. Also Know – Bank of Baroda Increases Home Loan Interest Rate

In addition to reducing its interest rates, the bank is also offering 100 per cent waiver on processing charges on home loans and 50 per cent processing charges waiver on MSME loans. The new home loan rate beginning at 8.5 per cent is available for borrowers applying for fresh home loans, balance transfers as well as for home improvement loans, the rate is linked to a borrower’s credit score. Bank of Baroda Reduces Home Loan Rate up to 31st of March 2023 only.

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