New Delhi, April 14 -- Bank of India has announced to cut its home loan interest rates, offering relief to new as well as existing borrowers. With this change, the home loan rate stands reduced from 8.10 per cent per annum to 7.90 per cent per annum based on their credit score.

This move is aimed at making home ownership more accessible to support customers meet their financial goals. The revised rates will come into effect from April 15, 2025, says the press release.

In addition to home loans, Bank of India has also cut interest rates across select existing retail loan products, including vehicle loan, personal loan, loan against property, education loan and Star reverse mortgage loan. This was announced soon after RBI on April 9 cut t...