Bank of Baroda (BoB) has further reduced its home loan interest rates, with its rates now starting at 7.45 per cent against 7.50 per cent earlier, even as it has waived the processing fee.
This latest rate cut follows an earlier reduction by the public sector bank in its home loan interest rates from 8.00 per cent to 7.50 per cent last month, in response to the policy rate easing by the Reserve Bank of India, per a BoB statement.
Sanjay Mudaliar, Executive Director, said, “This latest reduction in our home loan interest rates is aimed at supporting the aspirations of citizens and stimulating credit growth.
“Bank of Baroda continues to align its lending strategy with the evolving monetary policy environment with the intent to pass on rate benefits to customers, while contributing to the broader economic objectives of boosting loan demand.”
Published on July 4, 2025