Canara Bank and Indian Bank have recently lowered their repo-linked lending rates (RLLR) by 25 basis points, in line with the Reserve Bank of India’s 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 followed suit by reducing its housing loan interest rates to 7.90%. This move by the two banks is expected to benefit customers looking to avail themselves of loans for purchasing homes or vehicles. The reduction in RLLR will make borrowing more cost-effective for individuals seeking financial assistance for buying their dream homes or vehicles. By aligning their lending rates with the RBI’s directives, Canara Bank and Indian Bank aim to support customers in achieving their aspirations of homeownership and vehicle ownership at more affordable rates. This step is likely to attract prospective borrowers looking for competitive loan offerings in the Indian market. The lowered interest rates on housing and vehicle loans by Canara Bank and Indian Bank are anticipated to stimulate demand in the lending sector and encourage more individuals to invest in properties and vehicles. Customers are advised to contact the respective banks for further details on the revised lending rates and eligibility criteria for availing loans at the reduced interest rates.