Waives off Processing Fee as well
Hyderabad : Bank of Baroda (Bank), one of India’s leading public sector banks, today announced that it has reduced its home loan interest rates from 6.75%* p.a. to 6.50%* p.a. for a limited period. This special rate is applicable till June 30, 2022. Further, the Bank has also announced a 100% waiver on processing fees during this period. With this, Bank of Baroda continues to offer one of the lowest and most competitive home loan rates in the industry.
The new rate beginning at 6.50%* p.a. is available for customers applying for fresh home loans as well as for balance transfers. This special rate is available across all loans amounts and is linked to a borrower’s credit profile.
H T Solanki, General Manager – Mortgages & Other Retail Assets, Bank of Baroda said, “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% along with nil processing charges. We expect the momentum to continue, as customers seek to make the most of this very attractive offer to buy their dream home.”
Bank of Baroda Home Loans are linked to an external benchmark i.e. RBI’s policy repo rate.