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Tuesday, 16 March 2021

Cheap Home Loans:Bank of Baroda cut interest rates

Cheap Home Loans:Bank of Baroda cut interest rates, now get home loan at 6.75%

Bank of Baroda has reduced the Baroda Repo Linked Lending Rate (BRLLR) by 0.10% from Monday. After this reduction, the interest rate has come down from 6.85% to 6.75%. All the retail loans of the bank will be automatically adjusted with the reduction in the external benchmark repo linked rate. After the bank's announcement, the customer can avail home loan, mortgage loan, car loan, education loan, personal loan and other retail loans.

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Home Loan
Rates at 6.75% With this reduction, home loan rates start at 6.75% and car loan rates start at 7%. Mortgage loan rates start at 7.95% and education loans at 6.75%.

These banks also cut interest rates.
Earlier, the country's largest state-owned bank, State Bank of India (SBI), ICICI Bank, Kotak Mahindra Bank, and HDFC Bank cut interest rates on loans.

These banks are offering home loans at cheap interest rates
BankInterest rate (in%)
Kotak Mahindra6.65
Bank of Baroda6.75

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