BoB (Bank Of Baroda), the country’s third largest government bank, has given good news to its customers. The bank has announced a reduction in the repo linked lending rate by 10 basis points, or 0.10 per cent.
New Delhi: The country’s third largest government bank BoB (Bank Of Baroda) has given good news to its customers. The bank has announced a reduction in the repo linked lending rate by 10 basis points, or 0.10 per cent. After this deduction, BRLLR has come down from 6.85 per cent to 6.75 per cent. Explain that the new rates of the bank have come into effect from today. That is, customers will get a loan cheaply from today. Due to the reduction in interest rates, the general public will have to pay lower interest rates on auto loans, home loans and personal loans.
Let us tell you that the benefit of the deduction made by the bank is Home Loan, Mortgage Loan, Car Loan, Education Loan, Personal Loan and all other kind. Those who take loan of Rs.
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How much will the interest rates be?
According to the statement issued by the bank, after this deduction, the interest rates on home loans will be 6.75 percent. Apart from this, there will be 7 percent on auto loans. At the same time, there will be 7.95% on the second mortgage loan and 6.75% on the education loan.
Check SBI’s rates
before you tell us. SBI, Kotak Mahindra Bank, ICICI Bank and HDFC Bank have also cut interest rates. Earlier, State Bank of India has also cut the interest rate on home loans. State Bank of India has announced a concession of up to 0.1 per cent in home loans based on the CIBIL score. With this, SBI’s home loan has become a minimum interest rate of 6.70.
How much has HDFC reduced interest rates?
HDFC also announced a recent reduction in the interest rate for its home loan. HDFC has reduced the interest rate on home loans by 5 basis points i.e. 0.05 percent for its customers. Company officials said that after this deduction, home loan will be available at 6.75 per cent interest to the ‘best customers’ who have a good loan history.
ICICI Bank check rates
ICICI Bank reduced the interest rate on home loans to 6.70 per cent. This is the cheapest home loan rate of the bank in the last ten years. This loan rate has come into force from today on March 5.
