UCO Bank has slashed interest rates by 25-150 basis points on various retail and priority sector loans with immediate effect.
The bank has reduced rates on home loans by 25 basis points to 10.50 per cent, car loans by 50 basis points to 10.75 per cent, education loans by 150 basis points to 12.75 per cent, said a press statement issued by the bank.
This apart, the bank has also lowered interest rates on advances above Rs 1 crore to the MSME and agriculture sectors by 25-150 basis points. These rates would be applicable on all fresh loans sanctioned by the bank with immediate effect.