Queries related to Bank of Baroda’s car loan interest reduction

[Sameer Kapoor]

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?

[samkapoor77]

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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