Thursday, December 3, 2020
Home Business BoB slashes repo-linked rate by 15 bps

BoB slashes repo-linked rate by 15 bps

Bank of Baroda (BoB) on Saturday announced a 15-basis point reduction in its repo-linked lending rate to 6.85% from 7% earlier, effective November 1. The lender’s retail loans — home loan, mortgage loan, car loan, education loan and personal loan — are linked to its Baroda Repo Linked Lending Rate. With the recent revision, home loan rates will start at 6.85% and car loan rates at 7.1%, mortgage loan rates at 8.05% and education loan rates at 6.85%, the bank said in a release.

Union Bank of India too slashed its interest rate by 10 basis points for home loans above ₹30 lakh. In a release, the bank said women borrowers would get further concession of 5 basis points. The new rates are effective November 1.


Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

US Covid Daily Deaths Surpasses 2,700, Highest Since April: Monitor

<!-- -->Coronavirus: Over 273,181 have died in the US since the pandemic started late last year.Washington: The number of deaths linked to coronavirus in...

UK PM urges public not to get carried away with vaccine ‘over optimism’

U.K. has approved of the Pfizer-BioNTech COVID-19 vaccine for emergency use from next week. UK Prime Minister Boris Johnson on Wednesday hailed the “searchlights...

Covid-19: Do not resuscitate orders may have been used without consent

There was a jump in complaints about such orders in the first wave of the pandemic, the care watchdog says.

Recent Comments