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Bank of Baroda gave gifts to crores of customers! Cheap made home loan and finish processing fees – Bank of Baroda Big Gifts to Customer Home Loan Cheap and Processing Fees will be zero

Bank of baroda: Bank of Baroda, involved in the count of the country’s big public sector banks, has given relief to its crores of customers. The bank has reduced its home loan interest rate 5 basis points to 7.45% annually on Friday 4 July. Apart from this, the bank has also waived the processing fees on home loans. This decision has been taken after the Reserve Bank reduced the repo rate. Earlier in June, the bank reduced the interest rate from 8% to 7.50%. Now this rate has been reduced further.

Bank of Baroda said this

The bank’s executive director Sanjay Mudalier said that this step has been taken to fulfill people’s home dreams and to promote demand for debt. The new rates are immediately implemented and will apply to new customers. The bank said that all conditions are available on its website. The Bank of Baroda provides the facility for applications for home loans through both digital and branch mediums. This bank is under the Government of India and is serving more than 165 million customers worldwide. Apart from BOB, other three banks of the country have also reduced MCLR.

PNB reduced interest rates

The country’s second largest public sector bank PNB has cut MCLR rates by 5 BPS for all periods.

Overnight MCLR: 8.25% to 8.20%

One month has been reduced from 8.40% to 8.35%.

Three months: 8.60% to 8.55%.

Six months: 8.80% to 8.75%.

One year (which is for home loan.): 8.95% to 8.90% percent.

Three years: 9.25% to 9.20% percent rate.

Indian Bank’s new rates

Indian Bank has also cut interest rates by 5 BPS for some periods, which will be applicable from July 3.

Overnight MCLR: 8.20% does not change this rate.

One month: 8.45% to 8.40%.

Three months: 8.65% to 8.60%.

Six months: 8.90% to 8.85%.

One year: 9.05% to 9.00% has been increased.

Bank of India rates also cut

Bank of India has cut MCLR rates by 5 BPS for all periods from 1 July 2025.

Overnight: 8.15% to 8.10%

One month: 8.45% to 8.40%

Three months: 8.60% to 8.55%

Six months: 8.85% to 8.80%

One year: 9.05% to 9.00%

Three years: 9.20% to 9.15%

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