BANK OF INDIA
BANKING BANK OF INDIA – new rates on home loans - 10.50% upto Rs.30 lacs Oct 19, 2012 Bank of India is extending reduced interest rates on new home loans, vehicle loans and secured personal loans contracted during the festive period till 31.12.2012. The reduction varies from 0.15 to 0.50% on new home loans , 1.30% for new vehicle loans, 1% for new second hand vehicle loans and 1% on secured personal loans. The new rates on home loans will be 10.50% for limit upto Rs.30 lacs, 10.60% for loan over Rs.30 lacsto less than Rs.75 lacs and 10.75% for loan of Rs.75 lacs and above . In vehicle loans the new rates will be 10.95% for new vehicles and 11.75% for second hand vehicles. In secured personal loans the new rate will be 13.50%. Bank has also reduced processing charge in home loans and vehicle loans. Concession of 75% in processing charge is offered for home loan upto Rs.25 lacs and concession of 50% is...