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Bank of Baroda Home Loan Interest Rate 8.35 per cent – Cheaper than SBI Rates

Bank of Baroda Home Loan Interest Rate 8.35 per cent – Cheaper than SBI Rates.

Bank of Baroda Home Loan 2

Bank of Baroda new Home Loan

  • Now Bank of Baroda said on Monday that it will offer home loans at an interest rate of 8.35%, the lowest in the industry.
  • “For customers with a credit score of 760 or above, we are offering home loans at this rate.
  • For others, the rate can go up to 9.35%,” said Baburaj N.R., chief manager, retail, Bank of Baroda.
  • The new rates will be applicable from 7 January.
  • The bank’s one-year marginal cost-based lending rate (MCLR) was reduced to 8.35% last week.
  • On which it charges a premium of 100 basis points (bps) for home loans usually.
  • In case of existing home loan borrowers, Bank of Baroda will allow those who are still on the base rate mechanism of calculating interest rates to convert to an MCLR-based rate free of cost.
  • Similarly, the rate of interest on car loans and mortgage loans by the bank also starts at 8.85% and 10.35% respectively with reduction of MCLR rates with effect from 7 January.
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INTEREST RATE ACCORDING TO LOAN AMOUNT:

  • Last week, after cutting its MCLR by a steep 90 bps, India’s largest lender State Bank of India (SBI) said it will offer home loans up to Rs30 lakh at 8.5% for women borrowers and 8.55% for other borrowers.
  • In case of loans between Rs30-75 lakh, the bank said it will charge an interest rate of 8.55% for women borrowers and 8.6% for others.
  • On the same day, ICICI Bank said it will offer home loans up to Rs75 lakh at 8.65% for women borrowers and at 8.7% for others.
  • This was followed by Housing Development Finance Corp.
  • (HDFC) Ltd, Indiabulls Housing Finance Ltd and Dewan Housing Finance Ltd, reducing their interest rates to pass on the benefit of reduction in cost of funds to customers.
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 How to apply for Home Loan

VISIT BOB site For Apply loan 

http://www.bankofbaroda.co.in/pfs/homeloans.asp

 

DOWNLOAD Bank of Baroda Home Loan application form . 

Bank of Baroda Home Loan application form 2

Bank of Baroda Home Loan application form 2

DOWNLOAD Bank of Baroda Home Loan application form for NRI.

Bank of Baroda Home Loan application form for NRI

Bank of Baroda Home Loan application form for NRI

 

TAG:- cheapest home loan, cheapest home loan rate, lowest home loan rate, cheapest INTEREST RATE also. Lowest INTEREST RATE,

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