Bank of Baroda Reduces Car Loan & Mortgage Loan rates

Ahmedabad,1ST September : Bank of Baroda (Bank), one of India’s leading public sector banks, announced a reduction in its Car Loan interest rates to mark the beginning of the festive season. Bank of Baroda’s floating car loan interest rates now start from 8.15%* p.a. (earlier 8.40% p.a.), with immediate effect.

The rate cut is over and above the rate reduction by the Bank post the 100 basis points cut in the policy repo rate by the Reserve Bank of India (RBI). The new rate beginning at 8.15% p.a. is applicable on loans for the purchase of a new car and is linked to a borrower’s credit profile.

The Bank has also reduced interest rates on Baroda Mortgage Loan (Loan Against Property) from 9.85% p.a. to 9.15%* p.a. with immediate effect.

The Bank also offers an attractive fixed rate of interest on Baroda Car Loans, linked to the Bank’s 6-month MCLR, starting at 8.65%* p.a.

(Disclaimer: The information provided here is investment advice only. Investing in the markets is subject to risks and please consult your advisor before investing.)

(સ્પષ્ટતા: અત્રેથી આપવામાં આવતી તમામ પ્રકારની માહિતી કોઇપણ પ્રકારે રોકાણ/ ટ્રેડીંગ માટેની સલાહ નથી. બજારોમાં રોકાણ જોખમોને આધીન છે અને રોકાણ કરતા પહેલા કૃપા કરીને તમારા સલાહકારની સલાહ લો.)