Bank of Baroda (BoB) has cut its home loan rates by 25 basis points to 8.25 per cent and also waived the processing fee under a limited period offer. The new rates will also be applicable for those seeking balance transfers and the special rate is linked to the borrower's credit profile.
The bank has seen a robust growth in home loans this year with strong demand across cities and consumer confidence driving home sales. It expects this discounted rate to give a further leg-up to the already high demand.
Bank of Baroda is engaged in providing various services, such as personal banking, corporate banking, international banking, small and medium enterprise (SME) banking, rural banking, non-resident Indian (NRI) services and treasury services.
