If you buy a house If you are planning to buy a home loan and are preparing to take a home loan for the same, then you will look for a bank which gives you home loan at low interest and processing fees. Since home loan is a long term loan. Therefore even minor differences in interest matter. Therefore everyone wants a loan at low interest. We are giving you details of interest offered on home loans by 5 big banks including SBI, HDFC.
Top 5 banks offering home loans at low interest rates
- HDFC Bank: HDFC Bank, the largest private sector bank, is offering interest rates ranging from 9.4% to 9.95% per annum on home loans.
- SBI: State Bank of India is offering interest ranging between 9.15% to 9.75% depending on the CIBIL score of the home loan borrower.
- ICICI Bank: This private sector bank is offering home loans between 9.40% to 10.05%. Offers home loans at interest rates ranging from a range of percentage. On home loans below ₹35 lakh, the interest rate for business owners ranges between 9.40 to 9.80 percent. Whereas for salaried individuals it is between 9.25 percent to 9.65 percent.
- Kotak Mahindra Bank: This private sector bank is giving home loans at the rate of 8.7 percent to the working class and 8.75 percent to the businessmen.
- PNB: pnb (Punjab National Bank) CIBIL is charging home loan interest between 9.4 percent to 11.6 percent depending on the score, loan amount and loan tenure. For example, a borrower with a credit score of 800 and above is offered the lowest rate of 9.4 for a loan above Rs 30 lakh.
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