Business

Bank of Baroda cuts retail lending rates


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). Hence, customers availing home loan, mortgage loan, car loan, education loan, personal loan and all other retail loan products can avail of this benefit,” the bank said in a statement. With this revision in BRLLR, home loan rates now start at 6.75% and car loan rates at 7%. Mortgage loan rates start at 7.95% and education loan rates at 6.75%,” the bank said.

“This reduction makes our loans more affordable for customers,” said Harshadkumar T. Solanki, GM, mortgages and other retail assets.

“We hope that our efforts towards digital processes help customers avail quick and smooth loans at the most competitive interest rates.”

You have reached your limit for free articles this month.

Subscription Benefits Include

Today’s Paper

Find mobile-friendly version of articles from the day’s newspaper in one easy-to-read list.

Unlimited Access

Enjoy reading as many articles as you wish without any limitations.

Personalised recommendations

A select list of articles that match your interests and tastes.

Faster pages

Move smoothly between articles as our pages load instantly.

Dashboard

A one-stop-shop for seeing the latest updates, and managing your preferences.

Briefing

We brief you on the latest and most important developments, three times a day.

Support Quality Journalism.

*Our Digital Subscription plans do not currently include the e-paper, crossword and print.



Source link

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button