Bank of Baroda Home Loan: If you are planning to buy your dream home soon then there is good news for you. Bank of Baroda has brought cheap home loan offer for its customers. The bank has announced a cut in its home loan. This new interest rate has come into effect from April 22.
interest rate cut for a certain period of time
Let us tell you that while the rest of the banks are increasing their loan rates, Bank of Baroda has decided to reduce it. Recently, the bank had announced to increase its MCLR. MCLR had increased by about 0.05 percent. Even after this, the bank has cut the interest rates of home loans.
Let us tell you that if you want to take advantage of special discount, then you can take advantage of this offer before 30 June 2022. If you apply for a home loan in the bank by June 30, 2022, then you can get the benefit of this exemption.
Customers will get home loan at 6.5 percent
Let us tell you that if you have taken a home loan from any other bank, then you can also transfer it to Bank of Baroda. By doing this, you will get a loan at an interest rate of around 6.5 percent. Along with this, you will also get the benefit of special discount on processing fee. It is worth noting that if you take any home loan from Bank of Baroda from 22 April 2022 to 30 June 2022, then in such a situation the bank will not charge any processing fee from you.
Bank of Baroda GM HT Solanki has told that for some time there is a boom in real estate. There has been a rapid increase in the number of home loan borrowers since Corona. In view of this, the bank has decided that by offering a cheap interest rate for a certain period, it will give big benefits to the customers. With this, customers will be able to fulfill their dream of home as soon as possible.