New Delhi: The IDBI Bank and the Oriental Bank of Commerce (OBC) have reduced their interest rates on home loans by 0.25%. The floating interest rates have been reduced by 0.25%, whereas the fixed interest rates have been brought down to 11.50%. This will be applicable for home loans having tenure of 3-5 years. The minimum lending rate of IDBI Bank is 10.50% at present. The Oriental Bank of Commerce has reduced the interest rates by 0.25% for home loans and by 0.4% for vehicle loans. This means that the home loans will be available at an interest of 10.65%, whereas the vehicle loans will be available at an interest rate of 11% at the Oriental Bank of Commerce.The new interest rates at IDBI Bank will be implemented from September 8th, while the OBC will implement these amendments from September 10th onwards. The IDBI Bank has reduced the processing fees for home loans by 50% as well. The IDBI Bank has also brought in some changes in the rates of interest for the supporting home loan products. The OBC will offer its loyal customers a low interest rate of 10.40% on home loans. The vehicle loans will have an interest rate of 10.75%. The processing fee for home loans has been cut down till December 31st 2012.Other banks such as the Indian Bank, State Bank of India, Corporation Bank have also reduced the interest rates on home loans for this quarter.займ на карту без отказов круглосуточновзять кредит онлайн