Bank of India cuts interest rates on home, vehicle loans, check latest rates

Bank of India has announced a cut in its interest rates on home and vehicle loans by 35 basis point.  

New Delhi: Following in the footsteps of the State Bank of India (SBI) and Bank of Baroda, the Bank of India on Sunday, October 17, announced a cut in its interest rates on home and vehicle loans by 35 basis point and 50 basis points, respectively.

With the latest revision in interest rates, the Bank of India is now offering home loans starting at just a 6.50 per cent interest rate. 

The latest move is aimed at making housing affordable for many. At 6.5%, the Bank of India is now offering home loans at one of the lowest interest rates in the industry.