Dena Bank slashes home, auto loan rates

Public sector lender Dena Bank has reduced interest rate on new housing loans, fresh auto and trade finance loans by 25-50 basis points. The bank has slashed the home loans across all maturities by 25 basis points.

Similarly, the interest rates on auto advances and trade finance loans would be cheaper by 50 basis points and 25 basis points, respectively. The new rates would be effective from March 16, 2009.