Bank of Baroda cuts interest rates, now offers home loans at 6.75%

 

Cheap home loans: Bank of Baroda cuts interest rates, now offers home loans at 6.75%

Bank of Baroda has reduced the Baroda Repo Linked Lending Rate (BRLLR) by 0.10% from Monday. After this reduction, the interest rate has come down from 6.85% to 6.75%. 

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All the retail loans of the bank will be automatically adjusted with the reduction in the external benchmark repo linked rate. 

After the bank's announcement, the customer can avail home loan, mortgage loan, car loan, education loan, personal loan and other retail loans.

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Get a home loan at 6.75%

With this reduction, home loan rates start at 6.75% and car loan rates start at 7%. Mortgage loan rates start at 7.95% and education loans at 6.75%.

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These banks also cut interest rates

Earlier, State Bank of India (SBI), ICICI Bank, Kotak Mahindra Bank and HDFC Bank, the country's largest government banks, cut interest rates on loans.

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These banks are offering home loans at cheap interest rates

Bank interest rate (in%)

Kotak Mahindra 6.65

SBI 6.70

Bank of Baroda 6.75

HDFC 6.80

Axis 6.90