Home Loan Interest Rate: The Reserve Bank of India kept interest rates stable in its monetary policy review meeting last week. This time too, no change was made in the repo rate. However, after that some banks revised the MCLR
Home Loan Interest Rate: The Reserve Bank of India kept interest rates stable in its monetary policy review meeting last week. This time too, no change was made in the repo rate. However, after that some banks revised the MCLR. No bank can offer bank loan below MCLR. According to the data received from Bankbazaar.com, this is the interest given on home loan by the top 15 banks of the country. Here it is told that you will have to pay this much EMI every month on a 20-year home loan up to Rs 75 lakh.
Union Bank of India
Union Bank of India is offering the cheapest home loan. UBI is charging 8.35 percent interest on home loan. The monthly EMI on a 20-year home loan of Rs 75 lakh will be Rs 63,900.
Bank of Baroda
Home loans from Bank of Baroda, Punjab National Bank, Indian Bank, Bank of India, IndusInd Bank and IDBI Bank are available at 8.4 percent. The monthly EMI on a 20-year home loan of Rs 75 lakh will be Rs 64,200.
Canara Bank
Home loans from Canara Bank and Central Bank of India are available at 8.5 percent. The monthly EMI on a 20-year home loan of Rs 75 lakh will be Rs 64,650.
Kotak Mahindra Bank
Kotak Mahindra Bank is charging 8.7 percent interest on home loans. The monthly EMI on a 20-year home loan of Rs 75 lakh will be Rs 64,550.
Axis Bank
Among the private sector banks, Axis Bank is offering the cheapest home loan. The monthly EMI on a 20-year home loan of Rs 75 lakh will be Rs 65,7750.
ICICI Bank
ICICI Bank is charging 9 percent interest on home loans. The monthly EMI on a 20-year home loan of Rs 75 lakh will be Rs 66,975.
State Bank of India
India’s largest bank, State Bank of India, is charging 9.15 percent interest on home loans. The monthly EMI on a 20-year home loan of Rs 75 lakh will be Rs 67,725.
HDFC Bank
India’s largest private sector bank, HDFC, is charging 9.4 percent interest on home loans. The monthly EMI on a 20-year home loan of Rs 75 lakh will be Rs 68,850.
Yes Bank
Yes Bank is charging 9.4 percent interest on home loans. The monthly EMI on a 20-year home loan of Rs 75 lakh will be Rs 68,850.
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