Advanced searches left 3/3
Search only database of 8 mil and more summaries

Brllr

Summarized by PlexPage
Last Updated: 02 July 2021

* If you want to update the article please login/register

General | Latest Info

Brllr

Facebookpermalink.php

24, Bank of Baroda, India's third largest public sector Bank, announced reduction in Baroda Repo link Lending Rate from 7 % earlier to 6. 85 % wef from November 1 2020. All Retail loans are linked to BRLLR, hence customers availing Home Loan, Mortgage Loan, Car Loan, Education Loan, Personal Loan and all other Retail Loan products can avail of this benefit. Earlier, ahead of the festive season, Bank had announced concessions in interest rates on Home Loan and Car Loan. Now with this revision in BRLLR, Home Loan rates start at 6. 85 % and car loan rates start at 7. 10 %, Mortgage Loan rates start at 8. 05 % and Education Loan rates start at 6. 85 %. On announcement of the reduction in BRLLR, Mr Harshadkumar T. Solanki, GM-Mortgages and Other Retail Assets, say, 'This reduction in BRLLR makes our Home Loan, Car Loan, Mortgage, Education Loan, Personal Loan along with other retail loans attractive, and customers will get benefit from this offering in this festive season'.-Sd /-asst. General Manager BCC / CPR / 2020 / About Bank of Baroda: Bank of Baroda, established on 20 July 1908, is a State-own banking and financial services organisation, headquarters in Vadodara 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 8 950 + branches, 12 000 + 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 limit, BOB Capital Markets and Baroda Asset Management India Ltd. Bank of Baroda also has joint ventures for Life Insurance viz. IndiaFirst Life Insurance Company limit and India Infradebt Ltd., Engage in infrastructure financing. The bank owns 98. 57 % in 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.

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions.

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions

Bank of Baroda Interest Rates

Table

Home Loan Interest Rates6.85% FloatingDetail
Personal Loan Interest Rates10.50% to 16.15%Detail
Car Loan Interest Rates8.90% to 10.65%Detail
Business Loan Interest Rates14.10% to 14.10%Detail
Fixed Deposit Interest Rates2.90% to 5.30%Detail
Saving Account Interest Rates2.75% to 2.75%Detail
RD Interest Rates4.50% to 5.70%Detail

Bank of Baroda, India's third largest public sector Bank, announced reduction in Baroda Repo link Lending Rate from seven per cent to 6. 85 per cent. The rate cuts would be effective from November 1 2020. With cut in external benchmark Repo link Rate, all retail loans of Bank would be automatically adjust. Customers availing home loan, mortgage loan, car loan, education loan, personal loan and all other Retail loan products could avail of this benefit. Earlier, ahead of the festive season, Bank had announced concession in interest rates on home loans and car loans. Now with the revision of BRLLR, home loan rates start at 6. 85 per cent, car loan rates at 7. 1 per cent, mortgage loan rates at 8. 05 per cent and education loan rates at 6. 85 per cent. On announcement of the reduction in BRLLR, Harshadkumar T. Solanki, General Manager, Mortgages and Other Retail Assets, say, reduction in BRLLR make our home loan, car loan, mortgage loan, education loan, personal loan and other retail loans attractive and customers will get benefit from such offering during this festive season.

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions.

Table2

Interest Rate7.00% onwards ( Compare Other Home Loan Rates )
Loan AmountUp to Rs. 10 Crore
Loan TenureUp to 30 years
Processing Charges0.25% - 0.50% of loan amount + GST

Table3

TenureFD interest ratesSenior Citizen FD interest rates
7 days to 14 days2.90%3.40%
15 days to 45 days2.90%3.40%
46 days to 90 days3.90%4.40%
91 days to 180 days3.90%4.40%
181 days to 270 days4.40%4.90%
271 days to 364 days4.40%4.90%
400 days to 2 years5.10%5.60%
1 year4.90%5.40%
1 year 1 day to 400 days5.10%5.60%
2 years 1 day to 3 years5.10%5.60%
3 years 1 day to 5 years5.30%5.80%
5 years 1 day to 10 years5.30%5.80%

Table4

Bank of Baroda Home Loan SchemesInterest Rate (p.a.)
Baroda Home Loan6.85% to 8.20%
Baroda Home Improvement Loan6.85% to 8.20%
Baroda Home Loan Advantage6.85% to 8.45%
Baroda CRE Home Loan7.10% to 8.45%
Baroda CRE Home Loan (Advantage)7.10% to 8.70%
Baroda Top Up Loan (Resident/NRIs/PIOs)7.70%
Baroda Ashray (Reverse Mortgage Loan)9.20% onwards

Table5

Amount10 years20 years30 years
Rs.10 lakhRs.11,534Rs.7,663Rs.6,553
Rs.20 lakhRs.23,067Rs.15,326Rs.13,105
Rs.40 lakhRs.46,135Rs.30,653Rs.26,487
Rs.50 lakhRs.57,668Rs.38,316Rs.32,763

Table6

ProductRate of Interest
Baroda Home Loan Baroda Home Improvement LoanBRLLR TO BRLLR+1% (As per Risk Rating of the applicant/s.)
Baroda Home Loan AdvantageUpto Rs 75.00 Lacs : Normal Home Loan Rate Above Rs 75.00 Lacs: 0.25% over Normal Home Loan Rate
Baroda CRE Home Loan0.25% over Normal Home Loan Rate
Baroda CRE Home Loan (Advantage)Upto Rs 75Lacs : 0.25% over Normal Home Loan Rate Above Rs 75 Lacs : 0.50% over Normal Home Loan Rate
Baroda Top Up Loan (Resident/NRIs/PIOs0)Applicable ROI on Home Loan + Strategic Premium + 0.50%
* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions

MCLR of Bank of Baroda

Table

Interest Rate7.00% onwards ( Compare Other Home Loan Rates )
Loan AmountUp to Rs. 10 Crore
Loan TenureUp to 30 years
Processing Charges0.25% - 0.50% of loan amount + GST

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions.

Table2

Bank of Baroda Home Loan SchemesInterest Rate (p.a.)
Baroda Home Loan6.85% to 8.20%
Baroda Home Improvement Loan6.85% to 8.20%
Baroda Home Loan Advantage6.85% to 8.45%
Baroda CRE Home Loan7.10% to 8.45%
Baroda CRE Home Loan (Advantage)7.10% to 8.70%
Baroda Top Up Loan (Resident/NRIs/PIOs)7.70%
Baroda Ashray (Reverse Mortgage Loan)9.20% onwards

Table3

Amount10 years20 years30 years
Rs.10 lakhRs.11,534Rs.7,663Rs.6,553
Rs.20 lakhRs.23,067Rs.15,326Rs.13,105
Rs.40 lakhRs.46,135Rs.30,653Rs.26,487
Rs.50 lakhRs.57,668Rs.38,316Rs.32,763

Table6

ProductRate of Interest
Baroda Home Loan Baroda Home Improvement LoanBRLLR TO BRLLR+1% (As per Risk Rating of the applicant/s.)
Baroda Home Loan AdvantageUpto Rs 75.00 Lacs : Normal Home Loan Rate Above Rs 75.00 Lacs: 0.25% over Normal Home Loan Rate
Baroda CRE Home Loan0.25% over Normal Home Loan Rate
Baroda CRE Home Loan (Advantage)Upto Rs 75Lacs : 0.25% over Normal Home Loan Rate Above Rs 75 Lacs : 0.50% over Normal Home Loan Rate
Baroda Top Up Loan (Resident/NRIs/PIOs0)Applicable ROI on Home Loan + Strategic Premium + 0.50%
* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions

FAQs

Table

ProductRate of Interest
Baroda Home Loan Baroda Home Improvement LoanBRLLR TO BRLLR+1% (As per Risk Rating of the applicant/s.)
Baroda Home Loan AdvantageUpto Rs 75.00 Lacs : Normal Home Loan Rate Above Rs 75.00 Lacs: 0.25% over Normal Home Loan Rate
Baroda CRE Home Loan0.25% over Normal Home Loan Rate
Baroda CRE Home Loan (Advantage)Upto Rs 75Lacs : 0.25% over Normal Home Loan Rate Above Rs 75 Lacs : 0.50% over Normal Home Loan Rate
Baroda Top Up Loan (Resident/NRIs/PIOs0)Applicable ROI on Home Loan + Strategic Premium + 0.50%

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions.

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions

Sources

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions.

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions

logo

Plex.page is an Online Knowledge, where all the summaries are written by a machine. We aim to collect all the knowledge the World Wide Web has to offer.

Partners:
Nvidia inception logo

© All rights reserved
2021 made by Algoritmi Vision Inc.

If you believe that any of the summaries on our website lead to misinformation, don't hesitate to contact us. We will immediately review it and remove the summaries if necessary.

If your domain is listed as one of the sources on any summary, you can consider participating in the "Online Knowledge" program, if you want to proceed, please follow these instructions to apply.
However, if you still want us to remove all links leading to your domain from Plex.page and never use your website as a source, please follow these instructions.