On the occasion of Holi, the Bank of Baroda has announced a cut in home loan interest rates.

Bank of Baroda Home Loan:

Bank of Baroda announced a reduction in interest on home loans and MSME loans on 5 March 2023.

Bank of Baroda is also giving a complete waiver on the processing fee charged on the Home Loan.

Bank of Baroda has reduced the home loan interest rate by 40 basis points i.e. 0.40 percent to 8.5 percent.

According to the statement issued by the bank, the reduced rates on home loans have come into effect from March 5, 2023.

This special announcement of BoB is for the fixed date only. These new rates will be applicable till March 31, 2023, only.

Bank of Baroda claimed that these are the lowest and most competitive interest rates in the industry.

On Friday, Bank of Baroda shares closed at Rs 172.95, up 5 percent. Even today there is a boom in it.

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