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Guwahati: The Bank of Baroda (BOB) has announced a reduction in its car loan interest rates starting from 7.00%* pa (earlier 7.25% pa), stated a press release.
The bank has also announced the lowering of processing fees to a flat Rs 1,500 plus GST for a limited period up to June 30, 2022.
The new rates are applicable for the purchase of a new car. This special rate offering is linked to a borrower's credit profile. The rate of interest for a pre-owned car and two-wheeler loans, however, remains unchanged, the release added. Source: PTI
