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Bank of Baroda announces interest rate of 10.25% for all its home loans

By Religare

Bank of Baroda has announced a single rate of interest -- 10.25 per cent -- for all its home loans.

In a statement, Bank said that the rate revision, which will be effective June 1, will be available to borrowers irrespective of tenor or quantum of the loan.

According to the statement, both new as well as existing borrowers can avail the loans under the revised scheme, adding that there are no conversion charges for existing customers of Bank of Baroda to get the benefit of reduced rate of interest.

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