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(09/02/2026 18:29)

BoB Cuts Car Loan Rates by 30 bps; Floating Rate Now at 7.6%

Bank of Baroda (BoB) on Monday announced a 30-basis-point cut in its car loan interest rates, with immediate effect, in a move aimed at boosting retail credit demand.

Following the revision, the bank’s floating rate on car loans now starts at 7.6 per cent per annum, BoB said in a statement. The lender also continues to offer fixed-rate car loans, with interest rates beginning at 8.5 per cent per annum.

The reduction is expected to make vehicle financing more attractive for customers amid improving market sentiment.
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