New Delhi, April 26 -- In a move aimed at enhancing credit accessibility, Indian Bank has reduced its home loan interest rate to 7.90 per cent and vehicle loan rate to 8.25 per cent per annum.

This decision aligns with the Reserve Bank of India's (RBI) recent monetary policy adjustment, wherein the repo rate was lowered by 25 basis points to 6 per cent on April 9, 2025.

The bank's revised rates mark a decrease from the previous 8.15 per cent for home loans and 8.50 per cent for vehicle loans.

This adjustment is expected to provide relief to borrowers by reducing their Equated Monthly Instalments (EMIs), thereby promoting more affordable access to credit.

In addition to the interest rate cuts, Indian Bank is offering incentives such as...