Bank Of Baroda Lowers Home Loan Interest Rate To 6.5%: Check Features

 To help clients looking for cheap loans during the festive season, Bank of Baroda cut its home loan interest rate from 6.5 percent to 6.75 percent. The lower interest rates on house loans took effect on October 7, 2021, according to the public sector bank. The interest rate holiday has been extended by the bank till the end of the year (December 31).

According to the company's statement, the higher interest rates will be offered to clients seeking for new loans, loan transfers, or refinancing their existing loans, making the offer more comprehensive. The bank will not charge any processing fees on home loans, which are already available and will be extended until December 31. The state-owned bank is India's fourth-largest nationalised bank.

Bank of Baroda has joined a number of other banks in slashing home loan interest rates as part of a festive season special offer. The State Bank of India lowered its home loan interest rate to 6.7 percent.

Other private lenders, like HDFC Bank and Kotak Mahindra Bank, have lowered their house loan interest rates to 6.7 percent and 6.5 percent, respectively.

On the BSE, shares of Bank of Baroda were last trading 0.24 percent higher at 84.20 on Friday, October 8. In the trading session so far, Bank of Baroda has opened on the BSE at 84.95, with an intraday high of 85.45 and an intraday low of 83.35.

Bank of Baroda shares were last trading 0.36 percent higher at 84.40 on the NSE. Bnak of Baroda began trading on the NSE at 84.75, and has since reached an intraday high of 85.50 and an intraday low of 83.35.

Conclusion

There's no need to be discouraged if your personal loan application is turned down. To boost your chances of loan approval, simply work on improving your credit report and following the methods outlined above. Once you've completed this checklist, you're ready to submit your personal loan application.To find about the best pricing and deals, call our toll-free number +91-9477079053. They'll help you in every way they can. Please contact me at Best Home Loan In India if you have any more. 


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