Home Loans Get Cheaper! Major Banks Slash Interest Rates After RBI Move

• LIC Housing Finance, Union Bank, Canara Bank, PNB, Bank of Maharashtra, and Bank of India cut loan rates.
• LIC Housing Finance offers new home loans from 7.15% effective December 22, 2025.
• Union Bank reduced home loan by 0.30% and vehicle loan by 0.40% under EBLR.
• Canara Bank, PNB, and Bank of India reduced their RLLR/RBLR rates.
• Bank of Maharashtra cut home loan to 7.10%, car loan to 7.45%, and waived processing fees.

Why It Matters: Multiple banks reduced home and vehicle loan rates, offering relief to buyers and boosting market demand.