If you are also planning to buy a house then this is a good opportunity for you. During this time, apart from many banks, housing finance companies have reduced home loan rates.
New Delhi. If you are also planning to buy a house then this is a good opportunity for you. During this time, apart from many banks, housing finance companies have reduced home loan rates. Bank of Baroda, State Bank of India (SBI), Yes Bank, Punjab National Bank (PNB), Bank of Baroda (BOB), Kotak Mahindra Bank, HDFC Bank and LIC Housing Finance offer the cheapest home loans. are.
Due to increasing demand for homes and festive times, banks have reduced home loan rates. So let’s know which bank is giving home loan at what interest rate…
HDFC Bank:
HDFC has announced a reduction in home loan rates in view of the festive season. Under which customers will be able to take a home loan at an initial interest rate of 6.70 percent per annum. These interest rates came into effect from 20 September 2021. This special scheme will be available till 31 October 2021.
LIC Housing Finance:
LIC Housing Finance has reduced the interest rate for home loans from Rs 50 lakh to Rs 2 crore to 6.66 per cent. This loan will be applicable only on home loans taken from September 22 to November 30.
Yes Bank:
Yes Bank is offering home loan at the rate of only 6.7% in the festive season.
Kotak Mahindra Bank:
Kotak Mahindra Bank has reduced the interest rates of home loan by 15bps i.e. 0.15 percent from 6.65 percent to 6.50 percent. These new rates will be applicable from 10 September 2021 and will end on 8 November 2021.
SBI:
Starting its initiative, SBI has offered to provide credit score linked home loan at the rate of only 6.70 percent. No matter what the loan amount is. Earlier, loans above Rs 75 lakh had to be repaid at the rate of 7.15 per cent. With the introduction of festive offers, now loan borrowers can avail a home loan at a minimum rate of 6.70 per cent.
Bank of Baroda:
BOB has reduced the interest rate on its home loan from 6.75 percent to 6.50 percent. The bank said that customers can take advantage of these new rates till December 31, 2021. These new rates will be available to all the customers applying for home loan.
Canara Bank:
Earlier, the public sector Canara Bank had announced a reduction of up to 0.15 percent in MCLR. The bank has reduced its one-year MCLR rate by 0.10 percent to 7.25 percent. The new rates of Canara Bank have come into effect from 7 October. The bank has reduced the MCLR for one day and one month from 0.15 percent to 6.55 percent.
Punjab National Bank:
PNB has reduced the interest rate on home loans above 50 lakhs by 0.50 per cent to 6.60 per cent.
