BoB launches festive supply with enticing charges on loans, new financial savings accounts

State-owned Bank of Baroda (BoB) on Tuesday introduced the launch of the “BOB Ke Sang Tyohaar Ki Umang” festive marketing campaign, which can run as much as thirty first December, 2023. Under the marketing campaign, BoB launched a competition supply with a pretty charge of curiosity on residence, automotive, private, and schooling loans.

BoB launches festive supply

Bank of Baroda’s competition affords embody the launch of 4 new financial savings accounts with a number of advantages &concessions and enticing rate of interest affords on Home, Car, Personal & Education Loans. The Bank has additionally tied up with Top Brands throughout classes equivalent to Electronics, Travel, and Food to offer festive affords and reductions for its Debit and Credit Card holders.

Bank of Baroda residence, auto loans

During the festive interval, Bank of Baroda Home Loans shall be accessible at a extremely aggressive charge of 8.40% p.a. onwards – with an entire waiver of processing charges. Baroda Car Loans begin at 8.70% p.a. onwards with a 0 processing charge. 

Bank of Baroda schooling loans

On Education Loans, the Bank has launched a particular charge starting at 8.55% p.a., a reduction of as much as 60 foundation factors, and with out collateral for college kids who’ve secured admissions in recognized premier academic establishments within the nation. Baroda

Personal Loans begin at 10.10% p.a. – a reduction of as much as 80 foundation factors, with a 0 processing charge and better mortgage limits of as much as ₹20 lakh. The Bank has launched a set charge of curiosity possibility. Personal and automotive Loans and debtors can now select between fastened and floating charges of curiosity.

Further, the Bank has established 112 Retail Asset Processing Centres (RAPC) in varied cities for quicker mortgage-based mortgage processing.

BoB launches 4 new financial savings accounts

The Bank has additionally launched a spread of Savings Accounts for the advantage of its clients. These embody the Bob LITE Savings Account – a Lifetime No Minimum Balance Account; the BOB BRO Savings Account – a Zero Balance Savings Account for Students (16 to 25 years), the My Family My Bank/BOB Parivar Account – a Family Savings Account designed to fulfill the wants of all the household and the Baroda NRI PowerPack Account. The Bank has additionally launched the BOB SDP (Systematic Deposit Plan), which is a recurring deposit scheme. During the festive interval, these Savings Accounts include a spread of advantages & concessions.

Debadatta Chand, Managing Director & CEO, of Bank of Baroda mentioned, “The festive season is upon us and we’re already seeing the early indicators of a spur in demand with high-frequency indicators equivalent to automotive gross sales and bank card spending registering report highs. Bank of Baroda’s festive marketing campaign “BOB Ke Sang Tyohaar Ki Umang” brings collectively a set of enticing choices throughout financial savings accounts, loans, and credit score & debit playing cards. These enticing festive affords coupled with the comfort of our digital platforms will make the festive season much more rewarding and joyous for folks, thereby giving a big enhance to demand.”

BoB affords reductions for its debit, and bank card holders

Bank of Baroda has additionally launched enticing unique affords and reductions on Bank of Baroda Debit and Credit Cards and EMI affords this festive season. The Bank has tied up with main manufacturers throughout classes equivalent to Electronics, Consumer Durables, Travel, Food, Fashion, Entertainment, Lifestyle, Grocery and Health.

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Updated: 13 Sep 2023, 07:53 AM IST

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