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Canara bank cuts retail loan rates

Canara bank has reduced the lending rate on its retail loan products.

Apnaloan.com Research Bureau

18 Oct 2007

Canara bank has reduced the lending rate on its retail loan products CanMobile and CanBudget. A bank press release said that loan rates were reduced 25 basis points to 11.50 per cent on CanMobile, a vehicle financing product. The interest rate on CanBudget, a personal loan product was brought down 50 points to 13.25 per cent from 13.75 per cent.