New Delhi, June 13 -- In a move to boost borrower confidence, Canara Bank has reduced its Repo Linked Lending Rate (RLLR) from 8.75% to 8.25%, effective from June 12, 2025.

This comes in response to the recent 50 basis point reduction by the Reserve Bank of India (RBI), bringing it down to 5.5%. Therefore, by passing on the complete benefit to the loan aspiring applicants, Canara Bank has made loans cheaper across its entire portfolio.

Due to this move, interest rates on popular retail loans have been slashed. Home loans now start at 7.40% per annum, down from 7.90% whereas vehicle loans begin at 7.70% reduced from 8.20%. These lowered rates are expected to significantly reduce the EMIs on both existing and new borrowers. Thus making ho...