New Delhi :
The Reserve Bank of India, in its recent monetary policy review meeting on April 5, maintained interest rates at a stable level for the seventh consecutive time, with no adjustments made to the repo rate.
Here’s a comprehensive breakdown of the home loan interest rates offered by the top 15 banks in India,
along with the corresponding monthly EMIs for a 20-year home loan of up to Rs 75 lakh.
Union Bank of India:
Leading the pack with the most competitive offer, Union Bank of India is extending home loans at an interest rate of 8.35 percent.
For a 20-year loan of Rs 75 lakh, the monthly EMI stands at Rs 63,900.
Bank of Baroda:
Bank of Baroda, along with Punjab National Bank, Indian Bank, Bank of India, IndusInd Bank, and IDBI Bank, offers home loans at 8.4 percent.
On a 20-year loan of Rs 75 lakh, the monthly EMI amounts to Rs 64,200.
Canara Bank:
Canara Bank and Central Bank of India provide home loans at an interest rate of 8.5 percent.
For a 20-year loan of Rs 75 lakh, the monthly EMI is Rs 64,650.
Kotak Mahindra Bank:
Kotak Mahindra Bank offers home loans at an interest rate of 8.7 percent.
he monthly EMI for a 20-year loan of Rs 75 lakh is Rs 64,550.
Axis Bank:
Among private sector banks, Axis Bank stands out with the most affordable home loan option.
For a 20-year loan of Rs 75 lakh, the monthly EMI is Rs 65,750.
ICICI Bank:
ICICI Bank extends home loans at an interest rate of 9 percent.
The monthly EMI for a 20-year loan of Rs 75 lakh is Rs 66,975.
State Bank of India:
India’s largest bank, State Bank of India, offers home loans at an interest rate of 9.15 percent.
The monthly EMI for a 20-year loan of Rs 75 lakh stands at Rs 67,725.
HDFC Bank:
HDFC Bank, the largest private sector bank in India, charges an interest rate of 9.4 percent on home loans.
For a 20-year loan of Rs 75 lakh, the monthly EMI amounts to Rs 68,850.
Yes Bank:
Yes Bank provides home loans at an interest rate of 9.4 percent. The monthly EMI for a 20-year loan of Rs 75 lakh is Rs 68,850.
With a plethora of options available, aspiring homeowners can now embark on their journey to secure their dream abode with ease.
