Canara Bank reduces interest rate on Personal and Vehicle loans

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Bangalore, Oct 16 (UNI) Public Sector Canara Bank today announced reduction in rate of interest on Personal loans by 50 bps and Vehicle loans by 25 bps with effect from October 17.

The rate of interest on fresh Canbudget loans (for salaried class) had been reduced to 13.25 per cent from 13.75 per cent and on Canmobile loans to 11.50 per cent from 11.75 per cent, a release issued here today said.

The bank had recently announced reduction in the rate of interest on fresh housing loans by 50 bps on all slabs and tenures with effect from October 4.


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