Good news for everyone from homebuyers to MSMEs! This public sector bank is offering loans at an interest rate of less than 8%..
If you are planning to buy a home or a car this festive season, there is good news for you. One of the country’s leading public sector banks has launched a special festive campaign. Let’s find out how you can take advantage of it.
Who has launched this campaign?
Bank of Baroda, one of the country’s major public sector banks, has introduced a special campaign titled "Bob ke Sang Tyohar ki Umang – Shubh bhi, Laabh bhi" (Festive Joy with BoB – Auspicious and Beneficial). Under this campaign, customers can avail of significant discounts on home loans, car loans, MSME financing, and savings accounts.
1. Significant discounts on home loans
As part of this campaign, Bank of Baroda is offering home loans with an interest rate starting at 7.40% per annum. Eligible customers will also benefit from zero processing fees. Furthermore, the loan approval process will be faster, and the documentation required will be kept to a minimum.
Women are entitled to an additional 0.05% discount under this campaign. Additionally, customers under the age of 40, government employees, and holders of specific corporate salary accounts can receive an extra discount of 0.10%.
2. Exciting offers on car loans
The bank has also introduced special offers for those looking to purchase a car. Car loans are available with interest rates starting from 7.85%, and customers can apply online from the comfort of their homes. Moreover, those opting to purchase an electric vehicle (EV) will receive an additional 0.15% discount along with a longer repayment period.
3. Special Savings Accounts for Women
Keeping the financial needs of women in mind, the bank has introduced two excellent savings account schemes:
BoB Global Women NRE/NRO Savings Account: This account offers an auto-sweep facility, along with personal accident and air accident insurance coverage.
BoB Women Sapphire Savings Account: This account includes cancer care coverage of up to ₹10 lakh, online doctor consultations for the family, and exclusive offers on the Tiara credit card.
4. Benefits for Small Business Owners (MSMEs)
The bank has launched a special 'BoB Green Plug' scheme for small business owners, through which they can easily obtain a loan of up to ₹5 crore to set up EV charging stations or battery-swapping units. Additionally, the bank has introduced a dedicated scheme for women entrepreneurs, which offers attractive interest rates.
Disclaimer: This content has been sourced and edited from Dainik Jagran. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.
