Bank cuts home loan rates
1 March 2002
Corporation Bank has lowered its interest rates on
housing loans to 11 per cent with effect from 1 March 2002.
to a press release issued here, the interest rate on home loans up
to a five-year maturity have also been slashed to an all-time low
of 10.5 per cent, which, according to Corporation Bank, is the
lowest in the industry.
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