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City bank joins the race of rate deduction

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On a latest announcement City bank has revealed its strategy to reduce the lending rates for the loan segments which will be effecting to all the fresh and existing consumers in a very short while. According to the sources of www.propertykhazana.com considering the current slow pace of the market City bank has decided to decrease its home lending rates by 50 basis points. A bank official on this issue reveals that “taking note of the existing term of the loan and its feed back of past premiums bank will allow up 50 basis point reduction to all it applicants which will be lower than the current rate of interest in the market”.
Adding together all the cut offs of the bank rates, it rises up to 200 basis points including the most recent cut by Vijaya Bank and CanFin Homes as per the source of www.propertykhazana.com. On the other hand, Canara bank has also recalled its rate cuts by 50 basis points going down to 12 percent for all its personal as well as the home loans attached to the frame of BPLR. CanFin Homes promoted by Canara bank also reduced their lending rates for second time by 50 basis points with immediate affect of April 1.
Sources of www.propertykhazana.com also reveals that the fresh candidates applying for loans will be entertained with 9.25 percentage for the slab of not exceeding Rs 30 lakhs and will be charged 10.25 for all those crossing Rs 30 lakhs. For more and latest realty updates visit www.propertykhazana.com.
Source: NBTVLIVE

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