Overview

• Floating car-loan rates now start at 8.15% per annum, down from 8.40%, effective immediately.
• Baroda Mortgage Loan (loan against property) rates have been reduced to 9.15% per annum from 9.85%.
• A fixed-rate car-loan option linked to the bank’s six-month MCLR starts at 8.65% per annum.
• Rate benefits are tied to borrower credit profiles, with reductions ranging from 55 to 300 basis points, the bank said.
• The cuts extend post-policy easing pass-through as public-sector banks retain a pricing advantage over private peers, according to Icra.