Bank of Baroda has rolled out its annual festive campaign ‘BoB Ke Sang Tyohaar Ki Umang – Shubh Bhi. Labh Bhi.’.

For homebuyers, home loans now start at 7.45% per annum with zero processing fees. Car loan interest rates have been reduced, along with up to 90% financing of the on-road price of the vehicle and extended repayment tenures – going up to eight years for electric vehicles. The bank is giving EV buyers a further nudge with a 50% concession in processing charges, a release from the bank said on Monday.

The bank has introduced the BoB Masterstroke Lite Savings Account, which comes with lower monthly average balance requirement but is still loaded with benefits — from a free travel debit card and lifestyle offers to discounts on lockers and interest rate concessions on retail loans and waivers on processing charges.

The bank is also offering festive discounts for its debit cardholders through tie-ups with leading brands across high-demand categories such as travel, food, fashion, and grocery.

For businesses

Through BoB Digi Udyam, micro and small enterprises can get quick access to collateral-free working capital loans above ₹10 lakh to ₹50 lakh with 100% digital and paperless processing, at an attractive rate of interest and concessional processing fee.

BoB Property Pride provides an overdraft facility against property, offering funding of up to ₹25 crore with low margin and flexible terms. And the BoB Smart Current Account is specially designed for digital-savvy businesses and comes with free online NEFT/RTGS/IMPS/UPI transactions along with complimentary POS/MPOS machine and QR soundboxes, subject to applicable terms and conditions, the release added.