Bank of India offers home loans at cheaper rates to customers with good credit score
Bank of India will offer preferential pricing rates to borrowers with good credit scores for home loans of Rs 30 lakh and above, the state-run lender said.
Customers with CIBIL score of 760 and above will be offered loan at the minimum home loan interest rate or the marginal cost of lending rate (MCLR) for an year, the bank said in a statement.
MCLR is the minimum interest rate of a bank below which it cannot lend.
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