Home Loan Bank of Baroda slashes home loan interest rate for limited period
State-owned lender Bank of Baroda announced a reduction in home loan interest rates from 6.75 to 6.50 percent for a limited period.
The bank said the new rates linked to the borrower's profile will be applicable till are applicable till June 30
"We have seen a significant pick-up in home sales over the last many months and we are delighted to extend the good times for home buyers with the introduction of a special, limited period interest rate offer of 6.50 percent along with nil processing charges," its generalmanager (mortgages and other retail assets) H T Solanki said in a release.
The new rates will be applicable on fresh home loans as well as balance transfers across all loan amounts.
Borrowers having Cibil score of 771 and upwards will be offered the new rate.
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