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Bank of Baroda offers lowest home loans rates at 8.35%

BoB has reduced its marginal cost of fund based lending rates (MCLR) by 55-75 basis points

Press Trust of India  |  Mumbai 

State-run Bank of Baroda today reduced home loan rates by 70 basis points to the industry's lowest level of 8.35 per cent that will be applicable for customers having a strong Cibil scores. At 8.35 per cent, the rate is lower than industry leader State Bank of India's 8.50 per cent offer. The bank's existing customers who are on base rate can also switch to the new MCLR without any additional charges. Against this almost all banks, including SBI is charging a minimum of Rs 10,000 or 0.5 per cent of the outstanding loan amount as a switchover fee. BoB has reduced its ...

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