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The Times of India

Business

PTI

Bank of Baroda cuts interest rate on car loans to 7%

Bank of Baroda Baroda Interest Rates Mumbai

MUMBAI: State-run Bank of Baroda on Monday announced a 25 basis points (bps) reduction in its car loan interest rates to 7 per cent per annum from 7.25 per cent earlier.

The lender also said it has reduced processing charges to a flat Rs 1,500 plus GST for a limited period up to June 30, 2022.

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