Hyderabad, Jan 3 (UNI) Andhra Bank today announced the reducing of interest rate on Housing loans up to 75 lakhs to 8.75 per cent from existing 9.50 per cent. The interest also reduced to 8.85 per cent from existing 9.75 per cent on above Rs 75 laksh, Bank General Manager PVSTR Seshagiri Rao said in a statement here. The revised rates are applicable on Housing loans sanctioned on or after January 4, 2017. Bank had already waived processing charges on Housing loans and vehicle loans till March 31,2017. UNI KNR SDR NS2050