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 3 years, 2 months ago.

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    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?


    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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