BoB reduces interest rates by 25-100 basis points for fixed, floating home loans

Written by zhangyuan
April 10, 2008 15:10
The new floating rate for 5-year loans up to Rs 20 lakh is 10 per cent. Interest rates of floating rate loans of upto Rs 20 lakh with 5-15 year maturity is 10.25%. It is 10.50% for 15-25 year tenure floating loans of below Rs 20 lakh size. The rates vary from 10.25 to 10.75 per cent for loans exceeding Rs 20 lakh. Interest rates on fixed rate home loans have also been reduced by 25-100 basis points, with interest rates ranging from 11.25-11.75 per cent. The new rates are effective from October 15, 2007. The bank had reduced the rates by 25 basis points, earlier in September. BoB reduces interest rates by 25-100 basis points for fixed, floating home loans Bank of Baroda (BOB) has once again, reduced the interest rates on new home loans. This is the second round of reduction in the last 45 days, with floating home loan interest rates reduced by up to 75 basis points to 10-10.5 per cent.
German : BoB senkt Zinssätze von 25-100 Grundlage für ortsfeste, schwimmende Wohnungsbaudarlehen
Spanish : BoB reduce las tasas de interés por 25-100 puntos básicos para la fija, flotante créditos vivienda
French : BoB réduit les taux d'intérêt de 25-100 points de base fixes, flottants prêts au logement
Japanese : ボブは25から100ベーシスポイントで固定、変動金利の住宅ローンの軽減
Russian : Боб снижает процентные ставки на 25-100 базисных пунктов для фиксированных, плавучие дома займы