Vijaya Bank cuts home loan rates

To increase the retail lending and give thrust to the home loan portfolio, Vijaya Bank has launched a special campaign by reducing the rate of interest on home loans by 0.25 per cent and 50 per cent concession on processing charges from February 1 to April 30, 2012. The minimum rate of interest offered to the customers is 10.75 per cent per annum and processing charges have been reduced by 50 per cent.