Interest Rates on Housing Loans and Education Loans have also been cut down
Oriental Bank of Commerce, one of the leading PSU banks in India, has decided to reduce its Prime Lending Rates (PLR) by 75 basis points with immediate effect.
Commenting on this occasion, Alok K. Misra, Chairman & Managing Director – Oriental Bank of Commerce said, “We are happy to announce a reduction in the PLR by 75 basis points to 13.25% per annum with immediate effect. We have also cut the interest rates on Housing Loans upto Rs. 30 lacs and interest rates on Education Loans has been brought down” he added
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