Major Rate Reductions by Leading Banks

In a move that's set to benefit millions of borrowers, Canara Bank and Indian Bank have announced substantial reductions in their home and vehicle loan interest rates. This decision comes closely on the heels of the Reserve Bank of India's (RBI) recent repo rate cut.

What This Means for Borrowers

Following the adjustment, Indian Bank has lowered its home loan rates from 8.15% to 7.90% and vehicle loan rates from 8.50% to 8.25%. Canara Bank also confirmed that the minimum interest rate for all loans has been reduced, with housing loans now starting at an attractive 7.90%.

Stay Ahead in the Financial Game

This is a pivotal moment for potential homebuyers and vehicle purchasers to take advantage of the lowered rates. Stay updated with the latest in business news and financial strategies to make informed decisions.