Bank Of India Lowers Interest Rates On Home, Vehicle Loans
NDTV
With the recent cut, the interest rates on home loans starts at 6.50 per cent, compared to 6.85 per cent earlier, while rates on vehicle loans start at 6.85 per cent, compared to 7.35 per cent earlier
State-run lender Bank of India reduced its interest rates on home loans and vehicles loans by 35 basis points and 50 basis points, respectively to provide affordable loan offers to its customers amid the festive season.
With the recent cut, the interest rates on home loans starts at 6.50 per cent, compared to 6.85 per cent earlier, while rates on vehicle loans start at 6.85 per cent, compared to 7.35 per cent earlier, according to Bank of India' statement.
On Tuesday, October 19, shares of Bank of India settled 2.90 per cent lower at Rs 60.35 apiece on the BSE. Bank of India opened on the BSE at Rs 62.60, touching an intra day high of Rs 63.40 and an intra day low of Rs 60, throughout the trading session today.
