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Canara
Bank lowers home loan rates
Our Banking Bureau
8 December 2001
 Mumbai: In
keeping pace with other housing finance companies, Canara
Bank has lowered its interest rates on home loans. The
rate has been brought down from 12 to 11.5 per cent for
loans up to Rs 2 lakh.
For loans ranging from above Rs 2 lakh
to Rs 10 lakh, the rate is 12 per cent and for loans above
Rs 10 lakh the rate will
be 12.5 per cent.
The bank has also waived
processing fees for all loans up to  31
March 2002. In addition, Canara Bank has also begun to offer
floating-rate options on these loans.
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