Syndicate Bank home loans at base rate

PANJIM: Syndicate Bank has reduced the rate of interest on Housing Loans of above Rs 75 lakhs by 25 basis points w.e.f. October 9.  The rate of interest on all housing loans irrespective of the quantum of loan will be base rate i.e. 10.25%. The bank has made the base rate applicable to all existing housing loan accounts with immediate effect. It has reduced the rate of interest on 4-wheeler loans from base rate + 0.75% (presently, 11%) to base rate + 0.65% (presently, 10.90%). The rate of interest on 2-wheeler loans has been cut by 50 basis points to 12.25% (at current base rate). The bank has also slashed the service charges by 50% on all housing and vehicle loans during the festival period.