Syndicate Bank revises upwards interest on housing loans

Bangalore, Aug 1 (UNI) The Syndicate Bank has revised the interest rates on Housing loans from 0.75 per cent to 1.25 per cent effective from today.

Under the revised rates loans up to five years would attract a floating interest rate of 8.25 per cent and fixed interest of 9.5 per cent, a Bank release here said.

For loans between five and ten years the revised rates would be 8.75 per cent (floating) and ten per cent (fixed). The floating rates for loans between 10 and 20 years would be nine per cent and for over 20 per cent and up to 25 years, the revised rate would be 9.25 per cent.

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