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Bank of Baroda cuts home loan rates

Bank of Baroda cuts home loan rates

Mumbai:Bank of Baroda on Saturday reduced its home loan rates by 0.25 percentage point for all its customers, both existing and new, with effect from September 10.

The reduction in home loan rates comes after several banks, including State Bank of India, did the same in the last one month.

The bank also reduced its interest rate by a similar quantum on its retail loans while cutting the interest rate on traders’ loans by 1 percentage point to 13.5%, the bank said in a statement.

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