Home Loan Interest Rate : If you are going to get the house of your dreams, for which you are needing a home loan, then this news can prove to be of your use. In this news, we are going to give you information about some banks in the country, which are giving you loan at the lowest interest. You can get a home loan at the rate of 8% per annum. You can pay the cheapest EMI for a home loan.
State Bank Of India, ICICI Bank, Bank Of India, HDFC Bank, Punjab National Bank, Bank Of Maharashtra Offering home loan at the lowest interest rate. That is, you can get the cheapest home loan from these banks.
State Bank of India
State Bank of India offers different home loan interest rates depending on the credit score of the applicant. Home loan interest rates start from 8.4 percent and go up to 9.05 percent.
ICICI Bank also offers different interest rates depending on the credit score of the applicant. The basic home loan interest rate is 8.4 percent. It goes up to 9.5 percent depending on the profile of the borrower.
HDFC Bank home loan rates start at 8.6 percent for women and 8.65 percent for others. The interest rate for loans up to Rs 30 lakh is up to 9.1 percent. The interest rate for home loans between Rs 30 lakh and Rs 75 lakh ranges from 8.85 per cent to 9.40 per cent.
Punjab National Bank (PNB Bank) offers various interest rates between 8.20 per cent to 9.35 per cent depending on the credit score, profile and type of home loan. For loans up to Rs 30 lakh, the interest rate is 8.2 percent. In this, after adding RLLR and BSP, it becomes 8.65 percent.
Bank of India
Bank of India Star Home Loan offers a tenure of 30 years for repayment of the loan. In this, you will have to pay 8.30 percent interest rate every year on the home loan.
Bank Of Maharashtra
Bank of Maharashtra has increased the MCLR for a period of one year from 7.80 percent to 7.90 percent. The same interest is levied on customer loans like auto, personal and home loans. MCLR has become effective from November 7, 2022. At the same time, the one-month tenor MCLR has been increased by 0.05 points to 7.50 percent. There has been no change in the interest rates for loans with tenures of 1 day, 3 and 6 months.
RBI hikes repo rate
This year the Reserve Bank of India (RBI) has increased the repo rate by 190 bps. The current rates are 5.9 percent. After the increase in the repo rate by the RBI, its interest rates have been increased. After this the loan and EMI have become expensive. If you are also planning to buy a home by taking a home loan, then this news can be of use to you.
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