Media Release

Mangaluru, Sep 14: Bank of Baroda (BOB) has unveiled its festive campaign, ‘BOB Ke Sang Tyohaar Ki Umang’, as the eagerly anticipated festive season kicks off. This campaign will be in effect until December 31, 2023. BOB's festive offerings encompass the introduction of four new savings accounts with an array of benefits and concessions, along with enticing interest rates on home, car, personal, and education loans. The bank has also partnered with leading brands in electronics, travel, and food to extend festive deals and discounts exclusively to its debit and credit card holders.

During this festive period, BOB is offering home loans at a highly competitive rate starting at 8.40% pa, with a complete waiver of processing fees. Baroda car loans commence at 8.70% pa, with no processing fee. For education loans, the bank has introduced a special rate starting at 8.55% pa, a discount of up to 60 basis points, and no requirement for collateral for students admitted to select premier educational institutions in the country. Baroda personal loans start at 10.10% pa - with a discount of up to 80 basis points, no processing fee, and increased loan limits of up to Rs 20 lac. BOB now offers a choice between fixed and floating interest rates in personal & car loans.

Notably, BOB calculates loan interest on the daily reducing balance method, enhancing affordability for borrowers. Moreover, the bank has set up 112 Retail Asset Processing Centres (RAPC) across various cities, ensuring swift processing of mortgage-based loans.

To further benefit its customers, BOB has introduced a range of savings accounts, including the bob LITE Savings Account (a lifetime no minimum balance account), the BOB BRO Savings Account (a zero balance savings account for students aged 16 to 25), the My Family My Bank/BOB Parivar Account (a family savings account catering to the entire family's needs), and the Baroda NRI PowerPack Account.