BANK NEWS
Bank of Baroda offers home loan cheaper than SBI rates
New Delhi. Home loan borrowers of other banks or housing finance companies can also shift to Bank of Baroda's reduced rate of interest but the bank is yet to decide on the loan switching fee.
For customers with a credit score of 760 or above, we are offering home loans at this rate. For others, the rate can go up to 9.35%,” said Baburaj N.R., chief manager, retail, Bank of Baroda.
The new rates will be applicable from 7 January. The bank’s one-year marginal cost-based lending rate (MCLR) was reduced to 8.35% last week, on which it charges a premium of 100 basis points (bps) for home loans usually.Livemint
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