If you’re in the market for a home loan, it’s crucial to find the best rates to suit your needs. Here’s a roundup of six major banks offering competitive home loan interest rates across the country.
1) Bank of India
Interest Rate: Starting from 8.30% per annum.
Loan Features: Offers loans up to 90% of the property value with payment options extending up to 30 years. Additional services include overdraft and home loan balance transfer facilities.
2) HDFC Bank
Interest Rate: Begins from 8.35% per annum for loans ranging from Rs. 30 lakh to Rs. 75 lakh.
3) Bank of Baroda
Interest Rate: Ranges from 8.40% to 10.60% per annum, depending on the borrower’s CIBIL score.
4) State Bank of India (SBI)
Interest Rate: Starting from 8.40% per annum.
Special Benefit: Offers a 0.05% interest concession to women borrowers. Flexible repayment options for up to 30 years.
5) ICICI Bank
Interest Rate: Varies between 9.5% to 9.8% for loans ranging from Rs. 35 lakh to Rs. 75 lakh. Higher amounts may incur higher interest rates.
6) Punjab National Bank (PNB)
Interest Rate: Ranges from 8.45% to 10.25% per annum for loans between Rs. 30 lakh to Rs. 75 lakh. A good CIBIL score enhances the chances of securing lower interest rates.
