Bank of India reduces Home Loan and Vehicle loan rates

As a part of festive offer, Bank of India, one of the premier nationalised Bank has announced a 35 basis point reduction in its Home Loan interest rates and a 50 basis points reduction in Vehicle Loan interest rates with the minimum rate now starting at 6.50 per cent against 6.85 per cent on Home Loans and 6.85 per cent against 7.35 per cent earlier on Vehicle Loans.

This special rate, which is effective from October 18, 2021 till December 31, 2021, is available for customers applying for fresh loans and also for those seeking transfer of loans. Processing charges are also waived for both Home and Vehicle loan till 31.12.2021.

Shares of Bank of India was last trading in BSE at Rs. 62.15 as compared to the previous close of Rs. 59.90. The total number of shares traded during the day was 2982733 in over 10272 trades.

The stock hit an intraday high of Rs. 62.65 and intraday low of 60.20. The net turnover during the day was Rs. 183655648.00.

Source : Equity Bulls

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BankofIndia INE084A01016 BANKINDIA Banks HomeLoan VehicleLoan RateReduction