Monday, 2 November 2020

Bank of Baroda Home and Car Loan Cheaper

Bank of Baroda (BoB) reduced the repo rate linked loan interest rate (BRLLR) from seven percent to 6.85 percent. These new rates of the bank will come into effect from November 1, 2020.

Harshad Kumar T. Solanki, general manager (mortgage and other retail lending business) of the country's third-largest state-run bank said in a statement on Saturday that it would benefit customers of housing loans, mortgage loans, car loans, education loans, personal loans, etc.

Earlier, in view of the festive season, the bank offered discounts on housing and car loans. After the reduction in BRLLR, interest on housing loans will start from 6.85 percent and 7.10 percent on car loans, 8.05 percent on other mortgage loans, and 6.85 percent on education loans.

Bank of Baroda will implement changes from 1 November

Let us know that from 1 November BOB is making changes related to the service charge and checkbook related to cash deposit and withdrawal for current account, overdraft account, cash credit account, savings account, and other accounts for its customers.

According to the information available on the bank's website, cash handling charges for the current account/overdraft/cash credit / other accounts in the base and local non-base branches from November 1, Rs. 1000 per day on depositing more than Rs. But will be 1 rupee. This charge will be a minimum of Rs 50 and a maximum of Rs 20000.

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