Bangalore: Canara Bank on Saturday announced launch of festival offer for all borrowers availing housing loans and car Loans by reducing interest rates by 25 basis points with effect from September 17.

The bank has reduced interest rates by 25 bps across most slabs under housing loans with rates varying from 10.50 percent to a maximum of 10.75 percent, a release said here.

The car loan rates have also been reduced by 25 bps with interest rates ranging from 10.75 percent to 11.25 percent.

The festival offer will be on from September 17 to January 31, 2013, the release said.


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