Karnataka Bank has reduced interest rates on home loans and car loans by 20 basis points as part of a special campaign.
According to a press release by the bank, the loans extended from October 1 to March 31 will have the benefit of lower interest rate, longer loan period, lower EMIs, and quick sanction.
During the campaign, housing loans up to ₹3 crore will attract 9.5 per cent interest, and loans up to ₹5 crore, 9.7 per cent. Car loans will come at 10.25 per cent.