veena, Mysore
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Home loans cheaper in banks
Q: I heard that Punjab National Bank has announced a reduction in its interest rate on housing loans by how many basic points?

Latest Answer: Syndicate Bank, Indian Overseas Bank and Union Bank are offering 15-year Rs. 20-lakhfloating rate home loans at 10.50 per cent while the rate for same would be at least 0.25 per cent more if taken from private banks like Axis or Kotak Mahindra Bank.

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