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Bangalore, Feb. 5

Canara Bank reduced its home loan rates by 25 basis points across the board. A bank release said the reduction would take effect from February 7. The reduction would be applicable for existing floating rate borrowers as well, the release added.

The revised rates for loans up to Rs 20 lakh for five years would be 10 per cent. The rates for loans up to 10 years would be 10.25 per cent and 10.50 per cent for 25 years, the release said. For loans above 20 lakh, the rates would be 10.25 per cent, 10.50 per cent and 10.75 per cent, the release added. –

Our Bureau

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