Kolkata, Oct 19: As a part of festive offer, Bank of India, one of the premier nationalised Banks, has announced a 35 basis point reduction in its Home Loan interest rates and a 50 basis points reduction in Vehicle Loan interest rates with the minimum rate now starting at 6.50 per cent against 6.85 per cent on Home Loans and 6.85 per cent against 7.35 per cent earlier on Vehicle Loans. According to a statement here today, this special rate, which is effective from October 18, 2021 till December 31, 2021, is available for customers applying for fresh loans and also for those seeking transfer of loans.
Processing charges are also waived for both Home and Vehicle loan till 31.12.2021.
(UNI)
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