Home loan interest rates: Home loan helps you to fulfill your dream of home. But for this, they are looking for a loan offer in which they can get a loan at a low interest rate. Mostly loans ranging from Rs 30 lakh to Rs 75 lakh are taken. Even though RBI did not reduce the interest rates in the credit policy, but you still have the opportunity of cheap home loans. Home loans are available at the lowest rates ever. Many banks are offering you loans at very low rates, if your credit score is good then you will get a home loan below 7 percent.
If you are also thinking of taking a home loan, then you can take a home loan from these banks and housing finance companies. While buying a home, the first thing to consider is how the EMI will be paid. Home loan EMI should not exceed 35% of salary and all loan installments should not exceed 50% of salary.
Government Bank interest
Punjab and Sind Bank – 6.65-7.60 percent
Bank of Baroda – 6.75-8.35 percent
Punjab National Bank 6.80-7.90 percent
Central Bank of India — 6.85-7.30 percent
UCO Bank – 6.90-7.25 per cent
Union Bank of India- 6.90-7.65 percent
State Bank of India – 6.95-7.65%
Bank of Maharashtra – 6.90-8.40 percent
Canara Bank – 6.90-8.90 per cent
Bank of India – 6.95-8.35 percent
Indian Overseas Bank – 7.15 percent
Private banks interest rates
Kotak Mahindra Bank – 6.64-7.30 percent
ICICI Bank – 6.75-7.45 per cent
Axis Bank – 6.90-11.50 per cent
HSBC Bank – 7.20-7.75 per cent
Karun Vyas Bank – 7.20-9.55%
Karnataka Bank – 7.50-8.75 per cent
Federal Bank – 7.70-7.75 per cent
Dhanlaxmi Bank – 7.85-9.00 percent
South Indian Bank – 7.95-9.45 percent
RBL Bank – 10.20-10.70 percent
Housing finance companies rates
Bajaj Finserv – >=6.75 percent
LIC Housing – 6.90-8.05 percent
Tata Capital – >=6.90%
HDFC Ltd – 7-7.55 per cent
PNB Housing – 7.35-9.55 per cent
GIC Housing – >=7.45 percent
Repco Housing Finance – >=7.75 percent
Indiabulls Housing – >=8.65%
Aditya Birla Bank – 09-12.50 percent
Reliance Home Finance – 9.75-13 percent