Home Loan Interest Rates of Top 5 Banks
Thinking of taking a home loan and building a house? But first you need to check which bank offers low interest on Home Loan.
Want to realize your dream of owning a home? But don’t have money in hand? So, are you planning to take a home loan to buy a new house or build a new house? But you must know this for sure. First check which bank will get the loan with low interest.
Currently, many banks are offering home loans in the market. Also, banks have been increasing lending rates recently. What is the interest rate in which bank in this order? In which bank can you get a low interest loan? Things like this should be known in advance. Loan should be planned accordingly. Now let’s find out which are the five banks that are offering home loans at low interest rates.
SBI offers Home loan at Good Interest Rate with minimum of 8.55 percent to the maximum of 12.35 percent.
Axis Bank offers Home loan at Interest Rate with minimum of 8.60 percent to the maximum of 8.95 percent.
ICICI Bank offers Home loan at Interest Rate with minimum of 8.65 percent to the maximum of 8.95 percent upto 35 lakhs, with minimum of 9.05 percent to the maximum of 9.20 percent upto 75 lakhs & with minimum of 9.10 percent to the maximum of 9.25 percent above 75 lakhs.
LIC (Life Insurance Corporation of India) offers Home loan at Interest Rate with minimum of 6.90 percent to the maximum of 7.80 percent.
HDFC Bank also offers loans at cheap interest rates. The bank’s repo linked lending rate is 8.1 percent. The minimum interest rate is 8.05 percent. The maximum interest rate is 10.25 percent. Repo linked lending rate in Karnataka Bank continues to be 7.95 percent. The minimum interest rate is 8.24 percent. It can be said that the maximum interest rate is 9.59 percent.
Further, Union Bank of India’s repo linked lending rate is 8.7 percent. The minimum interest rate is 8.25 percent. The maximum interest rate continues to be 10.1 percent. Bank of Maharashtra’s repo linked lending rate is 8.7 percent. The minimum interest rate is 8.3 percent and the maximum interest rate is 9.7 percent. Those who want to reduce their home loan burden can choose options like making regular prepayments, opting for short-term EMIs, and balance transfer. Home loan rates can be reduced through these.
