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Union Bank cuts home, car loan interest rates

Union Bank of India has reduced its benchmark lending rate by up to 0.25 per cent, making loans including home and corporate cheaper for borrowers.

The bank has reduced its base rate by 0.25 per cent to 10.25 per cent. With the reduction in base rate, the interest rate on home and car loans will come down to 10.25 per cent and 10.70 per cent respectively.
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