UCO Bank announces cuts on home loan rate by 25 basis points


The UCO Bank on Wednesday announced a cut on home loan interest rates by 25 basis points, the lender said.

UCO bank. (Photo: AFP)

The UCO Bank on Wednesday announced a cut on home loan interest rates by 25 basis points, the lender said.

According to a report by news agency PTI, the revised home loan interest rates start from 6.90 per cent, irrespective of loan amount and occupation of the borrower.

The state-owned bank is confident of meeting the Rs 3,000 crore lending target for retail and MSME segments for the festive season months of October and November and around Rs 1,900 crore had already been sanctioned, reported PTI.



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