Canara Bank cuts housing loan rates

Interest rate
In % Up to 5 yrsUp to 2010.25 5-10 yrsUp to 2010.50 10-20 yrsUp to 2010.75 Upto 5 yrsAbove 2010.50 5-10 yrsAbove 2010.75 10-20 yrsAbove 2011.00  The bank has also reduced processing charges by 50 per cent till December 31, 2007. Earlier, the Banglore-based public sector bank had stopped lending in the fixed rate category.  Many other public sector banks have also slashed home loan rates. State Bank of India is offering 50 point discount on home rates plus a reduction in processing charges in Mumbai and Goa circles to coincide with Ganesh Chaturthi.  Bank of Baroda and Industrial Development Bank of India and State Bank of Bikaner and Jaipur have also revised mortgage rates downwards.  Meanwhile, Dena Bank has decided to cut its lending rates for fresh home loans by 50 basis points from October 10. The discount on lending rates