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Bank of India has reduced interest rates on home loans. The new rates will be 10.50 per cent for loans up to Rs 30 lakhs, 10.75 per cent for over Rs 30 lakh but less than Rs 75 lakh and 11.25 per cent for Rs 75 lakh and above.
The home loan rate is a floating rate linked to bank’s base rate. The Base Rate of BOI is 10.50 per cent with effect from May 1, 2012, a bank press release said.
3 comments:
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good posting and very useful content.........
Logbook Loans
Good to know that rates have but slotted off. This is the right time to settle for good deals.
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