Bangalore, May 30: As a sequel to the latest reductions in Canara Bank's PLR and PTLR, the interest on housing loan and home improvement loans for floating rate has been reduced, effective June 1. The new rates for loans up to Rs 10 lakh and above 10 lakh, respectively, are: up to five years; 8.25 and 8.25; six to ten years: nine and 9.25; 11 to 15 years: nine and 9.25; 16 to 20 years: nine and 9.25.
"With this reduction in rate of interest, coupled with zero processing fee, Canara Bank positions itself as one of the most competitive players in the housing finance market,” a bank release said.

The bank is offering home improvement loans at 8.25 per cent for all eligible housing loan customers
Bureau Report