Search This Website

Sunday, 17 October 2021

Home of dreams, getting a car is cheap! This bank has made Home-Auto Loan cheaper

New Delhi: There is good news for you if you are also planning to take home.  Because now you can get a cheap loan.  However, public sector lender Bank of India (BOI) has slashed interest rates on its home loan interest rates by 0.35 per cent.  That means you can now take your dream home at low interest.

The bank has also slashed interest rates on auto loans by 0.50 per cent.

 Information provided by the bank
 The bank itself has provided the information.  According to a statement from the bank, "After this reduction, BOI's home loan rate will start at 6.50 per cent."  Earlier it was 6.85 per cent.  So the interest rate on the bank's auto loan has been reduced from 7.35 to 6.85 per cent.

 Know how long the new rates will apply?
 The bank further  that this special rate will be applicable from 18 October 2021 to 31 December.  The new interest rate will be applicable for customers applying for a new loan or loan transfer.

 Most importantly, with this, the bank has terminated the Home Loan and Vehicle Loan Processing Loan on 31 December 2021.  This means that it will be cheaper for banks to take out both home and auto loans after this announcement.

No comments:

Post a Comment