Great offer for Bank of Baroda customers! Now home loan will be cheaper, besides processing fee waived

Great offer for Bank of Baroda customers!

Public sector giant Bank of Baroda has come up with great offers for its customers on Holi. The bank has announced a discount on home loans to its customers. However, this special offer of the bank is for a limited time only. This includes a lower interest rate along with a waiver of processing fees.

Let us tell you that Bank of Baroda has reduced the interest rate on its home loan by 40 basis points to 8.5 percent. At the same time, the bank has also reduced MSME loan interest rates to 8.40 percent. The bank claims that this interest rate is the lowest compared to other lenders.

Loan processing fees are also lowest

Apart from reducing the loan interest rate, Bank of Baroda is also giving a huge discount in the loan processing fee. Under the special offer, the bank is offering 100% discount on processing fees on home loans and 50% on MSME loans. However, to get a loan, you must have a good credit score. Explain that a credit score above 750 is considered good. The higher your credit score, the less interest you will get from the bank.

How long is this offer?

The bank is giving this offer for a limited time. The bank has said in its statement that this offer is valid for customers from 5 March 2023 to 31 March 2023. Please be advised that the demand for loans in the market at this time is very fast. Due to this, banks are bringing various types of offers to attract more and more customers. Bank of Baroda has also announced this special offer for rebate in interest rate on loans.