The Indian Wire » News » Bank of Baroda announces Festive Offer on Car Loans and Home Loans
Banking Business News

Bank of Baroda announces Festive Offer on Car Loans and Home Loans

Bank of Baroda is an Indian multinational, public sector banking and financial services company.

With the introduction of the Festive Offer, the Bank of Baroda released a statement that a borrower can procure a home loan for any amount at a rate as low as 6.70 per cent.

H.T.Solanki, GM- Mortgages & Other retail assets, Bank of Baroda views this move opportunistic and further stated, “ With the introduction of these retail loan offers for this festive season, we intend to bring festive cheer among our existing loyal customers and also offer new to bank customers an attractive proposition for availing home loans and car loans who will be benefited from lower rates and waiver of processing fee on offer.”

The Bank further said, “Customer can also look forward to speed of processing and doorstep services and can apply on “bob World”/ mobile banking or banks website for instant sanction.”

This festive offer includes a waiver of processing fees in home loans and a further waiver of @0.25% in the existing applicable rates of car and home loans. Hence, the car loan rates start at 7.00% and home loan rates will start at 6.75%.

Meanwhile, SBI has also announced festive offers for prospective home loan customers. For those People with credit scores of over 800, the Interest Rate starts at 6.7 per cent irrespective of the loan amount.

About the author

Harshita Sharma

A financial news enthusiast and a keen observer of the stock market, I bring to you all the updates from the world of business and finance. So, check out my posts and stay tuned with the major (informational) happenings.

Add Comment

Click here to post a comment

Reach out to The Indian Wire!

Want to work with us? Looking to share some feedback or suggestion? Have a business opportunity to discuss?

You can reach out to us at [email protected] and we will get back in minutes.

Like us on Facebook!