Need A Financial Product Forums Loans Queries related to Bank of Baroda’s car loan interest reduction

This topic contains 1 reply, has 2 voices, and was last updated by  Bhuvan Mishra 2 years, 9 months ago.

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  • #48436

    I have an outstanding car loan from Bank of Baroda. Loan amount is Rs. 2, 64,304. I have few queries related to my loan account. If Bank of Baroda change their rate of interest, will they inform me by way of call, letter, message, e-mail or anything/ will this change be reflected in my online loan account? Will my EMI also reduce with reduced rate of interest?

    #48437

    If there is any reduction in their lending rate of interest, then upon checking your account online, you will find a change in rate of interest but your EMI will remain intact.

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