Utility News: This good news came for the customers taking home and car loans, Bank of Baroda gave relief
There is good news for home loan and car loan borrowers. The news is that Bank of Baroda has given big relief to these customers. Bank of Baroda has now given relief to these people by cutting the interest rate on retail loans.
Bank of Baroda has cut 25 basis points. Since then, it has now come down to 6.50 and 7.0 percent on home loans and car loans respectively. However, this deduction made by Bank of Baroda is for a limited time only.
According to reports, the bank has given this information by issuing a statement. In this, the bank said that the new rate of 7 percent applicable for car loans is for a limited period till June 30, 2022. At the same time, the reduction in processing fee by the bank by more than Rs 1,500 is also for a limited period till June 30, 2022.