Top 6 Banks Offering Lowest Home Loan Interest Rates

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.

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