Canara Bank cuts lending rate to 8% after RBI's repo rate cut

Business Dec 17, 2025

Canara Bank just dropped its lending rate to 8%, following the RBI's recent repo rate cut.
Starting December 12, home loans from Canara Bank now begin at a lower 7.30% interest, making borrowing a bit easier on the wallet.

Home loan EMIs get lighter

Thanks to these changes, borrowers can see their monthly EMIs go down or even pay off their loans faster.
Other banks like PNB and Bank of India have also trimmed their rates this month, so cheaper credit is becoming the new normal—some folks are saving ₹3,000-₹4,000 per month on home loan payments across banks.