Housing loans became cheaper today as Bank of Baroda (BoB) slashed its lending rates, offering the lowest rates in the industry at 8.75 per cent for loans up to five years. BoB cut home loan rates by 75 basis points across the board. The new home loan will take effect on December 1.
This makes homes loans of BoB cheaper than State Bank of India (SBI) and ICICI Bank by 50 basis points and Housing Development Finance Corporation (HDFC) by 75 basis points.
BoB