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BoB's family loan

CHENNAI: Bank of Baroda has launched a new retail product, Baroda Family Loan. It is an unsecured loan granted to individuals for meeting financial needs for medical treatment, holidays, education, marriage, social ceremonies and other similar purpose. The maximum amount of loan is Rs. 2 lakhs and the interest rate is 14 per cent (2.5 per cent over BoB TPLR), according to a release. — Our Bureau

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