Bank of Baroda Offers Interest Rate, Processing Fee Waivers for Home, Car loans in Festive Season

06 अक्तूबर 2020

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Mumbai, October 06, 2020:  Bank of Baroda, India’s premier and third largest public sector bank, has announced retail loan offers ahead of the festive season.

The offer will be applicable for Home Loan and Car Loan product, wherein the Bank is offering waiver of @0.25% in the existing applicable rates for Baroda Home Loans (Under take over cases only) and Baroda Car Loans across the board.

In addition, the Bank will also waiver processing fee. With this competitive pricing and waiver of processing fee, the prospective customers get an extra incentive to shift their existing home loan to Bank of Baroda and buyers of new cars can look forward to very attractive rates as well as speed of processing.

Said Shri. H.T. Solanki, Head and GM - Mortgages & Other Assets said, "With the introduction of these retail loan offers for this festive season, we intend to gift the existing loyal customers and also offer new to bank customers an attractive proposition for availing car loans or shifting their home loans who will be benefited from lower rates and waiver of processing fee on offer.”

Bank of Baroda
Chitra Suresh
AGM – PR & Corporate Communications

About Bank of Baroda:

Bank of Baroda (“The Bank”) established on 20th July 1908 is a State-owned banking and financial services organisation, headquartered in Vadodara (earlier known as Baroda) in Gujarat, India.

Bank of Baroda is India’s leading public sector bank with a strong domestic presence supported by self- service channels. The Bank’s distribution network includes 9,500+ branches, 13,400+ ATMs, 1,200+, self-service e-lobbies and 18,000 Business Correspondents. The Bank has a significant international presence with a network of 100 branches/offices of subsidiaries, spanning 20 countries. The Bank has wholly owned subsidiaries including BOB Financial Solutions Limited (erstwhile BOB Cards Ltd.), BOB Capital Markets and Baroda Asset Management India Ltd. Bank of Baroda also has joint ventures for life insurance viz. IndiaFirst Life Insurance Pvt. Ltd. and India Infradebt Ltd., engaged in infrastructure financing. The Bank owns 98.57% in The Nainital Bank. The Bank has also sponsored three Regional Rural Banks namely Baroda Uttar Pradesh Gramin Bank, Baroda Rajasthan Gramin Bank and Baroda Gujarat Gramin Bank.

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