Mail News Service
Mumbai/Jamshedpur, July 4: Bank of Baroda (BoB), one of India’s leading public sector banks, has further reduced its home loan interest rate to 7.45% per annum, effective immediately. Additionally, the bank has announced a complete waiver of processing fees, making home loans even more affordable and accessible.
This move comes just a month after the bank reduced rates from 8.00% to 7.50%, following the Reserve Bank of India’s decision to cut policy rates. The current rate cut underscores the bank’s continued focus on boosting housing loan demand and supporting home buyers.
Speaking on the development, Sanjay Mudaliar, Executive Director of Bank of Baroda, said, “We are committed to making home ownership a reality for more people. This interest rate cut is aimed at fulfilling customers’ dreams and accelerating credit growth in the housing sector.”
Customers can now apply for home loans through the bank’s official website or by visiting their nearest branch, with full digital processing available for a faster, hassle-free experience.
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