Canara Bank and Indian Bank have recently slashed their repo-linked lending rates (RLLR) by 25 basis points in line with the Reserve Bank of India’s (RBI) initiatives to enhance the affordability of home and vehicle loans in India. Indian Bank has revised its home loan interest rates to 7.90% and vehicle loan rates to 8.25%. Similarly, Canara Bank has also joined the move by reducing its housing loan interest rates to a starting point of 7.90%. These rate cuts come as a welcoming relief for borrowers amid the current economic scenario. Customers of these banks can now benefit from lower interest rates on their housing and vehicle loans, making it a favorable time for individuals looking to make such purchases. The decrease in RLLR by Canara Bank and Indian Bank reflects the RBI’s efforts to stimulate economic growth by making borrowing more attractive and accessible. With housing and vehicle loan rates becoming more competitive, potential buyers are likely to be encouraged to take advantage of these favorable lending conditions. This move not only benefits customers but also contributes towards boosting the overall sentiment in the real estate and automotive sectors. As interest rates continue to trend downwards, it presents a lucrative opportunity for individuals to fulfill their homeownership and vehicle ownership dreams.