Home Loan Interest Rate: The Reserve Bank of India (RBI) announced its monetary policy review last week. The interest rates will be announced today. RBI has not changed the repo rate for the last 18 months.Â
Home Loan Interest Rate: This time too, there is little hope of change. Banks decide the interest rate of home and car loans on the basis of repo rate. According to the data of Bankbazaar.com, information has been given about the interest rates given on home loans of the top 15 banks of the country. If you are also planning to buy a house before Navratri, then you should check the home loan interest rate. Here it is told how much monthly EMI you will have to pay on a 20-year home loan up to Rs 75 lakh. Home Loan Interest Rate
If you are thinking of taking a home loan, then comparing the current interest rates can be beneficial for you. Union Bank of India is currently offering home loans at the cheapest rate, while SBI, HDFC, and other banks have slightly higher rates. Choosing the right option according to your need and budget can benefit you greatly in the long run.
Union Bank of India
Union Bank of India is currently offering the cheapest home loan. This bank is charging an interest rate of 8.35% on home loans. The monthly EMI on a 20-year home loan of Rs 75 lakh will be ₹ 63,900.
Bank of Baroda
Bank of Baroda, Punjab National Bank, Indian Bank, Bank of India, IndusInd Bank and IDBI Bank are offering home loans at an interest rate of 8.4%. The monthly EMI on a 20-year home loan of Rs 75 lakh will be ₹ 64,200.
Canara Bank
Canara Bank and Central Bank of India are offering home loans at an interest rate of 8.5%. The monthly EMI on a 20-year home loan of Rs 75 lakh will be ₹64,650.
Kotak Mahindra Bank
Kotak Mahindra Bank is charging an interest rate of 8.7% on home loans. The monthly EMI on a 20-year home loan of Rs 75 lakh will be ₹64,550.
Axis Bank
In the private sector, Axis Bank is offering the cheapest home loan, with an interest rate of 8.75%. The monthly EMI on a 20-year home loan of Rs 75 lakh will be ₹65,775.
ICICI Bank
ICICI Bank is charging an interest rate of 9% on home loans. The monthly EMI on a 20-year home loan of Rs 75 lakh will be ₹66,975.
State Bank of India (SBI)
The country’s largest bank, State Bank of India, is charging an interest rate of 9.15% on home loans. The monthly EMI on a 20-year home loan of Rs 75 lakh will be ₹67,725.
HDFC Bank
India’s largest private sector bank, HDFC, is charging an interest rate of 9.4% on home loans. The monthly EMI on a 20-year home loan of Rs 75 lakh will be ₹68,850.
Yes Bank
Yes Bank is charging an interest rate of 9.4% on home loans. The monthly EMI on a 20-year home loan of Rs 75 lakh will be ₹68,850.
