Following other banks rate cut moves, Bank of Baroda and Bank of Maharashtra have lowered their home loan rates across tenors on Thursday. 

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Bank of Baroda has revised its marginal cost of funds based lending rate (MCLR) on loans with various tenors in the range of 8.10% to 8.65%, cited the bank in a filing to the BSE. 

Bank of Baroda has set one-year MCLR rate at 8.35% as against 9.05% earlier while the MCLR rate for five-year tenor is 8.65% as compared to 9.25% earlier. 

At 12:23 hours, the Bank of Baroda was trading up 1.79% or Rs 2.65 at Rs 150.65 on the BSE.

See LIVE updates of the stock of Bank of Baroda here- 

SBI slashes MCLR rate by 90 bps across maturities; effective January 1

Similarly, Bank of Maharashtra has revised its MCLR rate for loans with various tenors in the range of 8.75% to 8.95%. 

Bank of Maharashtra has revised the one-year MCLR rate to 8.95% while the overnight MCLR rate now stands at 8.75%, the bank said in a filing to the BSE.

At 12:25 hours, the stock of Bank of Maharashtra was trading up 0.34% or Rs 0.10 at Rs 29.45 on the BSE. 

See LIVE updates of the stock of Bank of Maharashtra here-

Here's how to convert Rs 1600 saving on your home loan EMI into Rs 17 lakh!