NEWS & ADVICE : HOME LOANS
Home loan rates dropped by Canara Bank
By Joseph Samson
Oct 11, 2011
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Public sector lender Canara Bank has announced a home loan offer allowing as much as 50 bps discount in interest rates for the loan category.

The special offer which is valid only till January 15 is applicable across all maturity slabs.

The offer will apply to both home as well as home improvement loans.

Processing fees has also been waived for this period.

The bank used to charge an extra 25 bps interest to borrowers who were taking up a second home. This has also been waived off.

Auto loans have seen a dip in interest rate by as much as 100 bps.

100 bps refers to 1 percentage point.


 


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