UCO bank reduces home loan rates by 25 basis points

Public sector lender, UCO Bank reduced the interest rates on housing loans by 0.25 per cent, from immediate affect.

The revised floating interest rate up to 10 years for loans up to Rs. 20 lakh is 9.75-10 per cent (10-10.25%). For loans above 10 years up to 20 years is 10.25-10.50 per cent (10.50-10.75%). For loans above 20 years, the interest rate is 10.75-11 per cent.

The revised interest rate on fixed loans is 10.25-11per cent (10.50-11.25%) for loans up to 10 years.  For loans above 10 years and below 20 years, 10.75-11.50 per cent (11-11.75%). For loans above 20 years, the fixed rate of interest has been revised to 11.25-11 per cent (11.25-12%).