UCO Bank cuts home loan rate by 25 basis points

UCO Bank has cut home loaninterest rates by 25 basis points with effect from Wednesday,the lender said

The revised home loan interest rates start from 6.90per cent, irrespective of loan amount and occupation of theborrower

The state-owned bank is confident of meeting the Rs3,000 crore lending target for retail and MSME segments forthe festive season months of October and November and aroundRs 1,900 crore had already been sanctioned.