Corporation Bank has reduced floating as well as fixed interest rates for home loans available under various schemes and for different repayment tenure. A reduction of 0.5 percent in fixed rate of interest has now put the rate for a loan upto Rs 30 lakh at 11.50 percent and for a loan above this amount at 12 percent.
Corporation Bank has also cut its floating rate for various home loans by 0.5 percent. As a result, a loan upto Rs 30 lac taken for a period of 20 years would now command a rate of 10 percent. Earlier, it was 10.50 percent. Floating interest rate for a loan amount exceeding the limit of 30 lakh now hovers between 10 and 11 percent. | 
