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Tuesday, June 4, 2013

BoB’s new home loan offer

Bank of Baroda (BoB) on Tuesday said new and existing customers can get home loans at the Base Rate of 10.25 per cent across all tenures and for any amount. The single rate of interest for all home loan customers is effective from June 1.

There will be no conversion charge for existing customers to get the benefit of the reduced rate of interest, the public sector bank said in a statement. As at March-end 2013, BoB’s home loans portfolio saw year-on-year growth of 13.5 per cent to Rs 16,045 crore. Home loans accounted for about 7 per cent of domestic advances of Rs 2,24,294 crore.

Source: thehindubusinessline


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