Bank of Baroda ; Loan interest reduction | Breaking news : Mumbai

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Bank of Baroda has issued a statement regarding the bank, which states:

State-owned Bank of Baroda has slashed the interest rate on its personal loans by 0.25 percent.

The interest rate on selected loans has been reduced by 0.25% in view of the festivel season. This offer is effective immediately.

Interest rate benefit Bank of Baroda :-

As a result, the bank has reduced the floating interest rate on car loans from 8.40% to 8.1%, and the interest rate on home loans from 9.85% to 9.15%.

Furthermore, the report states that the fixed interest rate car loan based on the six-month marginal cost of funding will start at 8.65%.

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