According to the recent reports it has been noticed that home loan demand has increased by 23% in the first half of this fiscal year. More number of customers are approaching banks and house financing companies for the home loans.
Seeing this, the banks and housing finance companies are endeavoring to offer the customers with best deals that will suit them according to their needs. Following the trend Bank of Baroda has planned to offer the same rate to its customers as well as to the customers of others bank. The home loans have increased by 23% since all the people from 2-tier and 3-tier cities are enthusiastically approaching banks for the home loans.